Call reports 2024
F&M BANK — 2024
What F&M BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 752,913,000 | 746,879,000 | 771,400,000 | 772,050,000 |
| Total loans | 511,879,000 | 506,423,000 | 550,860,000 | 562,607,000 |
| Allowance for loan losses | 6,378,000 | 6,687,000 | 6,773,000 | 6,583,000 |
| Securities available for sale | 146,405,000 | 154,949,000 | 145,620,000 | 136,904,000 |
| Securities held to maturity | 24,470,000 | 22,961,000 | 20,305,000 | 20,090,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 653,960,000 | 646,444,000 | 644,163,000 | 641,591,000 |
| Interest-bearing deposits | 501,520,000 | 486,194,000 | 489,677,000 | 490,535,000 |
| Noninterest-bearing deposits | 152,440,000 | 160,250,000 | 154,486,000 | 151,056,000 |
| Equity capital | 75,940,000 | 76,762,000 | 81,473,000 | 82,406,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 10,000,000 | 20,144,000 | 30,596,000 | 41,523,000 |
| Interest expense | 3,200,000 | 6,725,000 | 10,328,000 | 14,193,000 |
| Net interest income | 6,800,000 | 13,419,000 | 20,268,000 | 27,330,000 |
| Noninterest income | 967,000 | 2,279,000 | 3,619,000 | 4,746,000 |
| Noninterest expense | 4,434,000 | 9,073,000 | 14,252,000 | 19,142,000 |
| Provision for loan losses | 200,000 | 500,000 | 600,000 | 409,000 |
| Pretax income | 3,133,000 | 6,125,000 | 9,005,000 | 12,154,000 |
| Income tax | 107,000 | 216,000 | 302,000 | 387,000 |
| Net income | 3,026,000 | 5,909,000 | 8,703,000 | 11,767,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,717,000 | 83,250,000 | 85,044,000 | 87,108,000 |