F & M Bank Corp (FMBM) is a community banking company that operates through its subsidiary bank, offering commercial and consumer lending, deposit-taking, and related financial services. It makes money primarily through interest and fees on loans held for investment, which represented the largest single component of total operating revenue for the years ended December 31, 2025 and December 31, 2024, as disclosed in the FY2025 10-K filed March 27, 2026. The loan portfolio spans real estate lending (including farmland at 12.97% of total loans as of December 31, 2025, owner-occupied commercial real estate at 10.90%, other commercial real estate at 12.90%, and 1-4 family residential construction at 3.51%), commercial and industrial loans at 6.41%, automobile loans at 8.69%, and credit cards at 0.38%. CEO Aubrey Michael Wilkerson has held the role since April 2023, having previously served as Executive Vice President and Chief Lending Officer starting January 2022. The company pays common stock dividends and carries stock-based compensation programs, per FY2025 equity disclosures.

Revenue model

Net interest income from loans and investment securities, supplemented by fees on loans held for investment. Interest and fees on loans held for investment constituted at least 15% or more of total operating revenue in both FY2025 and FY2024 per the operating revenue disclosure table.

Products and services

Commercial real estate loans, owner-occupied commercial real estate loans, agricultural and farmland loans, 1-4 family residential construction loans, multifamily loans, home equity open-end and closed-end loans, commercial and industrial loans, automobile loans, credit cards, other consumer loans, municipal loans, and mortgage loans held for sale.

Customers and end markets

Individual consumers (automobile loans, home equity, credit cards, residential construction), commercial borrowers (commercial and industrial, owner-occupied and non-owner commercial real estate), agricultural borrowers (farmland, agricultural loans), and municipal borrowers. End markets include local real estate, agriculture, and small-to-mid-sized businesses within the company's banking market area.

Value-chain role

Deposit-taking institution and direct lender. Originates, holds, and in some cases sells loans (loans held for sale activity disclosed in FY2025 cash flow statement). Regulated by federal banking agencies under capital adequacy and cybersecurity standards.

Geographic exposure

Operates in its defined banking market area; specific states or regions are not detailed in the provided filing excerpts.

Source: SEC 10-K, filed 2026-03-27

Industry: State Commercial Banks Peers: Auburn National Bancorporation Inc Citizens Holding Co PNC Financial Services Group Inc Prime Meridian Holding Co Security Federal Corp