Call reports 2020
F&M BANK — 2020
What F&M BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,181,964,000 | 1,287,463,000 | 1,271,690,000 | 1,319,579,000 |
| Total loans | 862,819,000 | 965,048,000 | 988,194,000 | 962,084,000 |
| Allowance for loan losses | 3,366,000 | 5,992,000 | 8,149,000 | 8,860,000 |
| Securities available for sale | 107,429,000 | 118,140,000 | 118,986,000 | 128,491,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 964,316,000 | 1,058,459,000 | 1,039,460,000 | 1,097,564,000 |
| Interest-bearing deposits | 801,514,000 | 854,658,000 | 831,211,000 | 892,084,000 |
| Noninterest-bearing deposits | 162,802,000 | 203,801,000 | 208,249,000 | 205,480,000 |
| Equity capital | 138,381,000 | 139,985,000 | 143,780,000 | 142,946,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 11,398,000 | 22,661,000 | 33,920,000 | 46,182,000 |
| Interest expense | 3,403,000 | 6,334,000 | 8,656,000 | 10,508,000 |
| Net interest income | 7,995,000 | 16,327,000 | 25,264,000 | 35,674,000 |
| Noninterest income | 6,612,000 | 14,993,000 | 25,048,000 | 34,581,000 |
| Noninterest expense | 12,424,000 | 25,348,000 | 39,626,000 | 54,835,000 |
| Provision for loan losses | 272,000 | 2,956,000 | 3,846,000 | 6,013,000 |
| Pretax income | 2,054,000 | 3,247,000 | 7,075,000 | 9,692,000 |
| Income tax | -2,780,000 | -2,843,000 | -2,638,000 | -1,594,000 |
| Net income | 4,834,000 | 6,090,000 | 9,713,000 | 12,470,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 106,020,000 | 107,454,000 | 111,256,000 | 109,192,000 |
| Total capital | 109,386,000 | 113,446,000 | 119,405,000 | 118,052,000 |
| Risk-weighted assets | 964,453,000 | 1,007,421,000 | 1,015,485,000 | 1,025,010,000 |