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 | 308,780,000 | 336,521,000 | 330,205,000 | 326,365,000 |
| Total loans | 245,871,000 | 258,507,000 | 239,754,000 | 234,223,000 |
| Allowance for loan losses | 2,655,000 | 3,220,000 | 3,266,000 | 3,264,000 |
| Securities available for sale | 29,486,000 | 28,471,000 | 25,697,000 | 25,713,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,847,000 | 291,765,000 | 287,476,000 | 287,794,000 |
| Interest-bearing deposits | 201,707,000 | 203,361,000 | 201,605,000 | 190,767,000 |
| Noninterest-bearing deposits | 74,140,000 | 88,404,000 | 85,871,000 | 97,027,000 |
| Equity capital | 29,431,000 | 31,519,000 | 32,718,000 | 31,658,000 |
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 | 3,092,000 | 6,615,000 | 9,332,000 | 11,941,000 |
| Interest expense | 570,000 | 901,000 | 1,207,000 | 1,446,000 |
| Net interest income | 2,522,000 | 5,714,000 | 8,125,000 | 10,495,000 |
| Noninterest income | 691,000 | 1,373,000 | 2,205,000 | 2,988,000 |
| Noninterest expense | 1,896,000 | 4,012,000 | 5,997,000 | 8,096,000 |
| Provision for loan losses | 25,000 | 600,000 | 650,000 | 650,000 |
| Pretax income | 1,292,000 | 2,475,000 | 3,683,000 | 4,737,000 |
| Income tax | 31,000 | 69,000 | 106,000 | 150,000 |
| Net income | 1,261,000 | 2,406,000 | 3,577,000 | 4,587,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,979,000 | 31,123,000 | 32,294,000 | 31,305,000 |