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 | 340,376,000 | 333,018,000 | 346,482,000 | 355,422,000 |
| Total loans | 269,966,000 | 272,946,000 | 269,331,000 | 286,690,000 |
| Allowance for loan losses | 3,129,000 | 3,275,000 | 3,418,000 | 3,418,000 |
| Securities available for sale | 47,469,000 | 42,488,000 | 37,860,000 | 32,059,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 295,769,000 | 292,350,000 | 305,456,000 | 317,170,000 |
| Interest-bearing deposits | 204,687,000 | 202,548,000 | 215,331,000 | 221,349,000 |
| Noninterest-bearing deposits | 91,082,000 | 89,802,000 | 90,125,000 | 95,821,000 |
| Equity capital | 35,840,000 | 37,362,000 | 39,396,000 | 36,767,000 |
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 | 4,463,000 | 8,969,000 | 13,697,000 | 18,515,000 |
| Interest expense | 1,294,000 | 2,708,000 | 4,177,000 | 5,646,000 |
| Net interest income | 3,169,000 | 6,261,000 | 9,520,000 | 12,869,000 |
| Noninterest income | 809,000 | 1,621,000 | 2,433,000 | 3,291,000 |
| Noninterest expense | 2,523,000 | 4,927,000 | 7,361,000 | 10,116,000 |
| Provision for loan losses | 100,000 | 250,000 | 400,000 | 400,000 |
| Pretax income | 1,355,000 | 2,705,000 | 4,192,000 | 5,644,000 |
| Income tax | 30,000 | 67,000 | 100,000 | 134,000 |
| Net income | 1,325,000 | 2,638,000 | 4,092,000 | 5,510,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,253,000 | 38,566,000 | 40,020,000 | 37,438,000 |