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 | 1,827,891,000 | 1,726,727,000 | 1,690,170,000 | 1,682,956,000 |
| Total loans | 1,263,204,000 | 1,248,038,000 | 1,252,198,000 | 1,202,946,000 |
| Allowance for loan losses | 8,760,000 | 8,785,000 | 8,818,000 | 8,452,000 |
| Securities available for sale | 179,953,000 | 178,424,000 | 189,946,000 | 186,947,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,617,555,000 | 1,522,168,000 | 1,469,526,000 | 1,497,730,000 |
| Interest-bearing deposits | 1,383,216,000 | 1,290,638,000 | 1,239,266,000 | 1,264,247,000 |
| Noninterest-bearing deposits | 234,339,000 | 231,530,000 | 230,260,000 | 233,483,000 |
| Equity capital | 147,472,000 | 142,689,000 | 149,481,000 | 145,469,000 |
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 | 23,432,000 | 46,474,000 | 69,403,000 | 91,279,000 |
| Interest expense | 11,700,000 | 22,715,000 | 32,880,000 | 42,218,000 |
| Net interest income | 11,732,000 | 23,759,000 | 36,523,000 | 49,061,000 |
| Noninterest income | 1,681,000 | 3,394,000 | 5,214,000 | 6,981,000 |
| Noninterest expense | 11,102,000 | 21,815,000 | 32,739,000 | 45,881,000 |
| Provision for loan losses | -60,000 | -60,000 | 38,000 | -437,000 |
| Pretax income | 2,419,000 | 5,422,000 | 9,152,000 | 10,723,000 |
| Income tax | 120,000 | 317,000 | 561,000 | 616,000 |
| Net income | 2,332,000 | 5,168,000 | 8,672,000 | 10,204,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 139,740,000 | 135,721,000 | 138,113,000 | 138,502,000 |
| Total capital | 147,759,000 | 143,765,000 | 146,190,000 | 146,148,000 |
| Risk-weighted assets | 1,326,147,000 | 1,312,204,000 | 1,299,869,000 | 1,244,040,000 |