Call reports 2024
F&M BANK AND TRUST COMPANY — 2024
What F&M BANK AND TRUST COMPANY 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 | 183,294,000 | 176,712,000 | 179,113,000 | 176,093,000 |
| Total loans | 115,424,000 | 111,342,000 | 112,302,000 | 111,128,000 |
| Allowance for loan losses | 1,358,000 | 1,324,000 | 1,328,000 | 1,276,000 |
| Securities available for sale | 47,378,000 | 47,311,000 | 47,388,000 | 45,841,000 |
| Securities held to maturity | 5,852,000 | 5,855,000 | 5,858,000 | 5,861,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 169,642,000 | 163,314,000 | 164,346,000 | 161,762,000 |
| Interest-bearing deposits | 132,677,000 | 127,884,000 | 128,279,000 | 128,179,000 |
| Noninterest-bearing deposits | 36,965,000 | 35,430,000 | 36,067,000 | 33,583,000 |
| Equity capital | 12,208,000 | 12,681,000 | 14,045,000 | 13,535,000 |
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 | 1,926,000 | 3,880,000 | 5,885,000 | 7,928,000 |
| Interest expense | 766,000 | 1,562,000 | 2,357,000 | 3,099,000 |
| Net interest income | 1,160,000 | 2,318,000 | 3,528,000 | 4,829,000 |
| Noninterest income | 170,000 | 297,000 | 448,000 | 747,000 |
| Noninterest expense | 1,036,000 | 2,056,000 | 3,090,000 | 4,252,000 |
| Provision for loan losses | 0 | 0 | 0 | 15,000 |
| Pretax income | 295,000 | 558,000 | 892,000 | 1,314,000 |
| Income tax | 40,000 | 103,000 | 172,000 | 260,000 |
| Net income | 255,000 | 455,000 | 720,000 | 1,054,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,911,000 | 17,111,000 | 17,321,000 | 17,654,000 |
| Total capital | 18,284,000 | 18,445,000 | 18,659,000 | 18,945,000 |
| Risk-weighted assets | 120,946,000 | 115,485,000 | 116,175,000 | 115,625,000 |