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 | 369,680,000 | 373,980,000 | 372,478,000 | 396,305,000 |
| Total loans | 225,311,000 | 235,538,000 | 241,696,000 | 243,936,000 |
| Allowance for loan losses | 4,473,000 | 4,424,000 | 4,626,000 | 4,675,000 |
| Securities available for sale | 108,460,000 | 108,864,000 | 103,296,000 | 98,031,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 320,271,000 | 319,564,000 | 315,160,000 | 341,024,000 |
| Interest-bearing deposits | 235,459,000 | 233,942,000 | 233,933,000 | 244,713,000 |
| Noninterest-bearing deposits | 84,812,000 | 85,622,000 | 81,227,000 | 96,311,000 |
| Equity capital | 41,638,000 | 43,563,000 | 47,861,000 | 46,125,000 |
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 | 5,076,000 | 10,504,000 | 16,061,000 | 21,908,000 |
| Interest expense | 1,132,000 | 2,481,000 | 4,019,000 | 5,563,000 |
| Net interest income | 3,944,000 | 8,023,000 | 12,042,000 | 16,345,000 |
| Noninterest income | 414,000 | 822,000 | 1,174,000 | 1,539,000 |
| Noninterest expense | 2,673,000 | 5,411,000 | 8,156,000 | 11,391,000 |
| Provision for loan losses | 66,000 | 157,000 | 232,000 | 167,000 |
| Pretax income | 1,618,000 | 3,276,000 | 4,740,000 | 6,364,000 |
| Income tax | 333,000 | 701,000 | 1,008,000 | 1,306,000 |
| Net income | 1,285,000 | 2,575,000 | 3,732,000 | 5,058,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,952,000 | 55,077,000 | 56,837,000 | 56,947,000 |