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 | 120,461,000 | 127,140,000 | 131,262,000 | 134,228,000 |
| Total loans | 63,688,000 | 62,696,000 | 60,306,000 | 64,226,000 |
| Allowance for loan losses | 849,000 | 849,000 | 849,000 | 1,025,000 |
| Securities available for sale | 52,724,000 | 48,660,000 | 44,971,000 | 39,517,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,119,000 | 110,241,000 | 112,770,000 | 116,482,000 |
| Interest-bearing deposits | 78,740,000 | 85,250,000 | 88,934,000 | 90,009,000 |
| Noninterest-bearing deposits | 25,379,000 | 24,991,000 | 23,836,000 | 26,473,000 |
| Equity capital | 13,591,000 | 14,086,000 | 15,103,000 | 14,130,000 |
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 | 1,246,000 | 2,560,000 | 3,979,000 | 5,462,000 |
| Interest expense | 332,000 | 759,000 | 1,234,000 | 1,690,000 |
| Net interest income | 914,000 | 1,801,000 | 2,745,000 | 3,772,000 |
| Noninterest income | 104,000 | 203,000 | 294,000 | 400,000 |
| Noninterest expense | 632,000 | 1,224,000 | 1,875,000 | 2,689,000 |
| Provision for loan losses | 0 | 0 | 0 | 176,000 |
| Pretax income | 386,000 | 780,000 | 1,164,000 | 1,307,000 |
| Income tax | 15,000 | 29,000 | 44,000 | 38,000 |
| Net income | 371,000 | 751,000 | 1,120,000 | 1,269,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,732,000 | 15,112,000 | 15,481,000 | 14,630,000 |