Call reports 2023
F&M BANK — 2023
What F&M BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 350,712,000 | 347,272,000 | 353,900,000 | 370,034,000 |
| Total loans | 198,153,000 | 205,863,000 | 208,161,000 | 220,419,000 |
| Allowance for loan losses | 4,098,000 | 4,220,000 | 4,342,000 | 4,385,000 |
| Securities available for sale | 125,368,000 | 111,158,000 | 104,165,000 | 110,350,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 303,725,000 | 298,439,000 | 308,672,000 | 319,379,000 |
| Interest-bearing deposits | 210,208,000 | 206,652,000 | 222,335,000 | 229,362,000 |
| Noninterest-bearing deposits | 93,517,000 | 91,787,000 | 86,337,000 | 90,017,000 |
| Equity capital | 38,936,000 | 38,619,000 | 37,043,000 | 42,716,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,994,000 | 8,088,000 | 12,540,000 | 17,374,000 |
| Interest expense | 331,000 | 828,000 | 1,589,000 | 2,564,000 |
| Net interest income | 3,663,000 | 7,260,000 | 10,951,000 | 14,810,000 |
| Noninterest income | 393,000 | 796,000 | 1,236,000 | 1,686,000 |
| Noninterest expense | 2,513,000 | 4,937,000 | 7,464,000 | 10,195,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 480,000 |
| Pretax income | 1,424,000 | 2,743,000 | 4,227,000 | 5,685,000 |
| Income tax | 282,000 | 550,000 | 800,000 | 1,139,000 |
| Net income | 1,142,000 | 2,193,000 | 3,427,000 | 4,546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,560,000 | 51,248,000 | 51,735,000 | 57,408,000 |