Call reports 2008
F & M BANK AND TRUST COMPANY — 2008
What F & M BANK AND TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 100,748,000 | 98,219,000 | 100,024,000 | 102,687,000 |
| Total loans | 73,073,000 | 74,823,000 | 73,080,000 | 76,481,000 |
| Allowance for loan losses | 1,311,000 | 1,188,000 | 1,274,000 | 1,496,000 |
| Securities available for sale | 7,455,000 | 7,688,000 | 7,014,000 | 7,714,000 |
| Securities held to maturity | 60,000 | 55,000 | 55,000 | 55,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,077,000 | 73,051,000 | 76,537,000 | 79,684,000 |
| Interest-bearing deposits | 69,366,000 | 65,394,000 | 69,832,000 | 7,157,000 |
| Noninterest-bearing deposits | 7,711,000 | 7,657,000 | 6,705,000 | 72,527,000 |
| Equity capital | 15,345,000 | 15,303,000 | 15,352,000 | 14,859,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,571,000 | 3,591,000 | 5,376,000 | 7,068,000 |
| Interest expense | 718,000 | 1,406,000 | 2,041,000 | 2,709,000 |
| Net interest income | 853,000 | 2,185,000 | 3,335,000 | 4,359,000 |
| Noninterest income | 495,000 | 436,000 | 647,000 | 853,000 |
| Noninterest expense | 970,000 | 1,981,000 | 3,014,000 | 4,073,000 |
| Provision for loan losses | 108,000 | 206,000 | 304,000 | 1,077,000 |
| Pretax income | 270,000 | 437,000 | 667,000 | 65,000 |
| Income tax | 67,000 | 122,000 | 156,000 | 60,000 |
| Net income | 203,000 | 315,000 | 511,000 | 5,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,322,000 | 15,351,000 | 15,429,000 | 14,878,000 |
| Total capital | 16,369,000 | 16,402,000 | 16,466,000 | 15,965,000 |
| Risk-weighted assets | 83,460,000 | 83,933,000 | 82,707,000 | 86,518,000 |