Call reports 2023
F&M BANK AND TRUST COMPANY — 2023
What F&M BANK AND TRUST COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 167,173,000 | 172,170,000 | 175,267,000 | 180,174,000 |
| Total loans | 100,725,000 | 108,428,000 | 112,880,000 | 115,269,000 |
| Allowance for loan losses | 1,454,000 | 1,454,000 | 1,396,000 | 1,402,000 |
| Securities available for sale | 48,669,000 | 48,089,000 | 46,501,000 | 48,159,000 |
| Securities held to maturity | 5,840,000 | 5,843,000 | 5,846,000 | 5,849,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 155,739,000 | 159,057,000 | 160,831,000 | 167,081,000 |
| Interest-bearing deposits | 119,967,000 | 119,356,000 | 122,674,000 | 132,129,000 |
| Noninterest-bearing deposits | 35,772,000 | 39,701,000 | 38,157,000 | 34,952,000 |
| Equity capital | 10,980,000 | 11,138,000 | 10,527,000 | 12,359,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,426,000 | 3,057,000 | 4,810,000 | 6,682,000 |
| Interest expense | 363,000 | 843,000 | 1,404,000 | 2,076,000 |
| Net interest income | 1,063,000 | 2,214,000 | 3,406,000 | 4,606,000 |
| Noninterest income | 171,000 | 310,000 | 471,000 | 607,000 |
| Noninterest expense | 964,000 | 1,957,000 | 2,940,000 | 3,971,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 277,000 | 572,000 | 952,000 | 1,265,000 |
| Income tax | 67,000 | 110,000 | 173,000 | 218,000 |
| Net income | 210,000 | 462,000 | 779,000 | 1,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,014,000 | 16,266,000 | 16,500,000 | 16,768,000 |
| Total capital | — | — | 17,912,000 | 18,185,000 |
| Risk-weighted assets | — | — | 119,125,000 | 119,834,000 |