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 | 133,765,000 | 135,289,000 | 128,836,000 | 130,571,000 |
| Total loans | 60,325,000 | 59,505,000 | 61,692,000 | 64,781,000 |
| Allowance for loan losses | 821,000 | 816,000 | 831,000 | 850,000 |
| Securities available for sale | 65,653,000 | 61,610,000 | 57,598,000 | 50,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,800,000 | 121,310,000 | 114,485,000 | 114,229,000 |
| Interest-bearing deposits | 84,510,000 | 86,984,000 | 83,835,000 | 79,926,000 |
| Noninterest-bearing deposits | 35,290,000 | 34,326,000 | 30,650,000 | 34,303,000 |
| Equity capital | 12,238,000 | 12,231,000 | 12,969,000 | 13,108,000 |
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 | 1,104,000 | 2,273,000 | 3,498,000 | 4,643,000 |
| Interest expense | 234,000 | 455,000 | 703,000 | 953,000 |
| Net interest income | 870,000 | 1,818,000 | 2,795,000 | 3,690,000 |
| Noninterest income | 94,000 | 190,000 | 285,000 | 392,000 |
| Noninterest expense | 571,000 | 1,180,000 | 1,818,000 | 2,475,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 38,000 |
| Pretax income | 393,000 | 828,000 | 1,247,000 | 1,569,000 |
| Income tax | 15,000 | 29,000 | 44,000 | 58,000 |
| Net income | 378,000 | 799,000 | 1,203,000 | 1,511,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,228,000 | 14,648,000 | 15,054,000 | 14,361,000 |