2023 Q3 Form 10-Q Financial Statement

#000165495423010721 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $14.62M $13.62M $10.01M
YoY Change 32.74% 36.12% 13.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $301.0K $396.0K $289.0K
YoY Change 7.5% 37.02% -9.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.628M $5.855M $1.007M
YoY Change 252.37% 481.43% -5.8%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $974.0K -$190.0K $1.920M
YoY Change -61.67% -109.9% -47.28%
Income Tax -$44.00K -$431.0K $131.0K
% Of Pretax Income -4.52% 6.82%
Net Earnings $1.018M $241.0K $1.789M
YoY Change -55.82% -86.53% -44.44%
Net Earnings / Revenue 6.96% 1.77% 17.87%
Basic Earnings Per Share $0.51
Diluted Earnings Per Share $0.29 $0.07 $0.51
COMMON SHARES
Basic Shares Outstanding 3.480M shares 3.477M shares 3.453M shares
Diluted Shares Outstanding 3.453M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $22.16M $36.51M $17.25M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.93M $24.13M $18.90M
YoY Change 26.38% 27.68% 8.43%
Goodwill $3.082M $3.082M $3.082M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K
YoY Change 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.282B $1.278B $1.232B
YoY Change 3.7% 3.8% 11.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $773.0K $811.0K $865.0K
YoY Change -17.24% -6.24% -21.36%
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $47.00M $30.00M
YoY Change 100.0% 56.67%
Long-Term Debt Due $6.922M $6.911M
YoY Change
Total Short-Term Liabilities $773.0K $811.0K $865.0K
YoY Change -17.24% -6.24% -21.36%
LONG-TERM LIABILITIES
Long-Term Debt $6.922M $6.911M $11.79M
YoY Change 0.63% -41.37% -62.35%
Other Long-Term Liabilities $13.79M $15.15M $16.74M
YoY Change -12.5% -9.47% -1.54%
Total Long-Term Liabilities $20.72M $15.15M $11.79M
YoY Change 201.15% 28.55% -62.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $773.0K $811.0K $865.0K
Total Long-Term Liabilities $20.72M $15.15M $11.79M
Total Liabilities $1.215B $1.206B $1.160B
YoY Change 3.79% 4.02% 15.41%
SHAREHOLDERS EQUITY
Retained Earnings $81.48M $81.37M $80.88M
YoY Change -0.97% 0.61% 5.83%
Common Stock $17.25M $28.05M $27.47M
YoY Change -37.52% 2.1% 19.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.02M $72.19M $71.95M
YoY Change
Total Liabilities & Shareholders Equity $1.282B $1.278B $1.232B
YoY Change 3.7% 3.8% 11.46%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $1.018M $241.0K $1.789M
YoY Change -55.82% -86.53% -44.44%
Depreciation, Depletion And Amortization $301.0K $396.0K $289.0K
YoY Change 7.5% 37.02% -9.69%
Cash From Operating Activities $6.470M $4.365M $8.543M
YoY Change -38.35% -48.91% 241.72%
INVESTING ACTIVITIES
Capital Expenditures $108.0K $4.583M -$513.0K
YoY Change -135.64% -993.37% 366.36%
Acquisitions
YoY Change
Other Investing Activities -$29.68M -$17.60M -$46.24M
YoY Change 250.5% -61.93% -1683.66%
Cash From Investing Activities -$29.79M -$22.19M -$46.76M
YoY Change 239.62% -52.55% -1763.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.968M 23.06M 7.091M
YoY Change -20.88% 225.13% -90.79%
NET CHANGE
Cash From Operating Activities 6.470M 4.365M 8.543M
Cash From Investing Activities -29.79M -22.19M -46.76M
Cash From Financing Activities 8.968M 23.06M 7.091M
Net Change In Cash -14.35M 5.232M -31.12M
YoY Change -209.87% -116.81% -137.82%
FREE CASH FLOW
Cash From Operating Activities $6.470M $4.365M $8.543M
Capital Expenditures $108.0K $4.583M -$513.0K
Free Cash Flow $6.362M -$218.0K $9.056M
YoY Change -41.08% -102.41% 246.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
17926000 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
24593000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
20153000 usd
CY2023Q2 us-gaap Assets
Assets
1278370000 usd
CY2023Q2 us-gaap Deposits
Deposits
1137112000 usd
CY2023Q2 us-gaap Liabilities
Liabilities
1206176000 usd
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
10822000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81369000 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-37225000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
72194000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1278370000 usd
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
10172000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-431000 usd
CY2023Q2 us-gaap Interest Receivable
InterestReceivable
4280000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
3995000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
3082000 usd
CY2023Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
22538000 usd
CY2022Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
23554000 usd
CY2023Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
119000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
687000 usd
CY2023Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
277578000 usd
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
293596000 usd
CY2022Q4 us-gaap Deposits
Deposits
1083377000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
17149000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-40012000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1245902000 usd
CY2022Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
7993000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3452711000 shares
us-gaap Net Income Loss
NetIncomeLoss
4317000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2787000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-31308000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34953000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36505000 usd
dei Entity Central Index Key
EntityCentralIndexKey
0000740806
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2022Q4 fmbm Common Stock Shares Designated
CommonStockSharesDesignated
200000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3479575 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3456237 shares
CY2023Q2 fmbm Deferred Loan Fees Net Of Costs Thirty To Fifty Nine Days Past Due
DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Thirty To Fifty Nine Days Past Due
DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue
0 usd
CY2023Q2 fmbm Less Deferred Loan Fees Net Of Costs Current
LessDeferredLoanFeesNetOfCostsCurrent
0 usd
CY2022Q4 fmbm Less Deferred Loan Fees Net Of Costs Current
LessDeferredLoanFeesNetOfCostsCurrent
0 usd
CY2023Q2 fmbm Gross Loans Net Of Costs3059 Days Past Due
GrossLoansNetOfCosts3059DaysPastDue
3655000 usd
CY2023Q2 fmbm Deferred Loan Fees Net Of Costs Sixty To Enghty Nine Days Past Due
DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Sixty To Enghty Nine Days Past Due
DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue
0 usd
CY2023Q2 fmbm Gross Loans Net Of Costs6089 Days Past Due
GrossLoansNetOfCosts6089DaysPastDue
1143000 usd
CY2023Q2 fmbm Deferred Loan Fees Net Of Costs Greater Than Ninety Days
DeferredLoanFeesNetOfCostsGreaterThanNinetyDays
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Greater Than Ninety Days
DeferredLoanFeesNetOfCostsGreaterThanNinetyDays
0 usd
CY2023Q2 fmbm Gross Loans Net Of Costs Greater Than90 Days
GrossLoansNetOfCostsGreaterThan90Days
29000 usd
CY2023Q2 fmbm Defined Benefit Plan Service Costs
DefinedBenefitPlanServiceCosts
0 usd
fmbm Defined Benefit Plan Service Costs
DefinedBenefitPlanServiceCosts
0 usd
fmbm Expected Return On Plan Assets
ExpectedReturnOnPlanAssets
0 usd
CY2023Q2 fmbm Amortization Of Prior Service Cost
AmortizationOfPriorServiceCost
0 usd
fmbm Amortization Of Prior Service Cost
AmortizationOfPriorServiceCost
0 usd
CY2022Q2 fmbm Expected Return On Plan Assets
ExpectedReturnOnPlanAssets
0 usd
fmbm Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax1
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax1
0 usd
CY2023Q2 fmbm Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax1
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax1
0 usd
CY2023Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
10000000.0 usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-13273
dei Entity Registrant Name
EntityRegistrantName
F&M BANK CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
VA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
54-1280811
dei Entity Address Address Line1
EntityAddressAddressLine1
P. O. Box 1111
dei Entity Address City Or Town
EntityAddressCityOrTown
Timberville
dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
22853
dei City Area Code
CityAreaCode
540
dei Local Phone Number
LocalPhoneNumber
896-8941
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Security12b Title
Security12bTitle
Common Stock, par value ‑ $5 per share
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3479804 shares
CY2023Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
16992000 usd
CY2023Q2 us-gaap Federal Funds Sold
FederalFundsSold
19394000 usd
CY2022Q4 us-gaap Federal Funds Sold
FederalFundsSold
16340000 usd
CY2023Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
115000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
112000 usd
CY2023Q2 fmbm Held To Maturity Securities Amortised Cost
HeldToMaturitySecuritiesAmortisedCost
125000 usd
CY2022Q4 fmbm Held To Maturity Securities Amortised Cost
HeldToMaturitySecuritiesAmortisedCost
125000 usd
CY2023Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2023Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
125000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
125000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
384651000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
392095000 usd
CY2023Q2 us-gaap Other Investments
OtherInvestments
10092000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
11317000 usd
CY2023Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
881000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1373000 usd
CY2023Q2 fmbm Loans Held For Investment Net Of Deferred Fees And Costs
LoansHeldForInvestmentNetOfDeferredFeesAndCosts
776260000 usd
CY2022Q4 fmbm Loans Held For Investment Net Of Deferred Fees And Costs
LoansHeldForInvestmentNetOfDeferredFeesAndCosts
743604000 usd
CY2023Q2 fmbm Loans And Leases Receivables Allowance
LoansAndLeasesReceivablesAllowance
8769000 usd
CY2022Q4 fmbm Loans And Leases Receivables Allowance
LoansAndLeasesReceivablesAllowance
7936000 usd
CY2023Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
767491000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
735668000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24132000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19587000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
3082000 usd
CY2022Q4 us-gaap Assets
Assets
1245902000 usd
CY2023Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
859534000 usd
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
789781000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
47000000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
70000000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6911000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6890000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15153000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
14843000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1175110000 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000 shares
CY2023Q2 fmbm Common Stock Shares Designated
CommonStockSharesDesignated
200000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3479575 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3456237 shares
CY2023Q2 fmbm Common Stock Unvested Restricted Shares
CommonStockUnvestedRestrictedShares
33886 shares
CY2022Q4 fmbm Common Stock Unvested Restricted Shares
CommonStockUnvestedRestrictedShares
26456 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
17228000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
10577000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83078000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
11517000 usd
CY2023Q2 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
25000 usd
CY2022Q2 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
32000 usd
CY2023Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
66000 usd
CY2022Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
14000 usd
CY2023Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
2016000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1970000 usd
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13624000 usd
CY2022Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
10009000 usd
CY2023Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5216000 usd
CY2022Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
837000 usd
CY2023Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
523000 usd
CY2022Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
46000 usd
CY2023Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
116000 usd
CY2022Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
124000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
5855000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
1007000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7769000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9002000 usd
CY2023Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
539000 usd
CY2022Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
600000 usd
CY2023Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7230000 usd
CY2022Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8402000 usd
CY2023Q2 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
274000 usd
CY2022Q2 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
274000 usd
CY2023Q2 fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
355000 usd
CY2022Q2 fmbm Investment Services And Insurance Income Net
InvestmentServicesAndInsuranceIncomeNet
453000 usd
CY2023Q2 fmbm Mortgage Banking Income
MortgageBankingIncome
543000 usd
CY2022Q2 fmbm Mortgage Banking Income
MortgageBankingIncome
1239000 usd
CY2023Q2 fmbm Title Insurance Income
TitleInsuranceIncome
377000 usd
CY2022Q2 fmbm Title Insurance Income
TitleInsuranceIncome
366000 usd
CY2023Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
622000 usd
CY2022Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
173000 usd
CY2023Q2 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-206000 usd
CY2022Q2 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-204000 usd
CY2023Q2 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
672000 usd
CY2022Q2 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
632000 usd
CY2023Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0 usd
CY2022Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-97000 usd
CY2023Q2 us-gaap Other Operating Income
OtherOperatingIncome
115000 usd
CY2022Q2 us-gaap Other Operating Income
OtherOperatingIncome
241000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
2752000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
3077000 usd
CY2023Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
5019000 usd
CY2022Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
4719000 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1094000 usd
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1240000 usd
CY2023Q2 us-gaap Occupancy Net
OccupancyNet
317000 usd
CY2022Q2 us-gaap Occupancy Net
OccupancyNet
346000 usd
CY2023Q2 us-gaap Equipment Expense
EquipmentExpense
456000 usd
CY2022Q2 us-gaap Equipment Expense
EquipmentExpense
329000 usd
CY2023Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
175000 usd
CY2022Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
165000 usd
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
276000 usd
CY2022Q2 us-gaap Advertising Expense
AdvertisingExpense
228000 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
538000 usd
CY2022Q2 us-gaap Legal Fees
LegalFees
328000 usd
CY2023Q2 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
276000 usd
CY2022Q2 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
335000 usd
CY2023Q2 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
479000 usd
CY2022Q2 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
685000 usd
CY2023Q2 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
128000 usd
CY2022Q2 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
129000 usd
CY2023Q2 fmbm Bank Franchise Tax
BankFranchiseTax
152000 usd
CY2022Q2 fmbm Bank Franchise Tax
BankFranchiseTax
158000 usd
CY2023Q2 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
1262000 usd
CY2022Q2 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
897000 usd
CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
9559000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-190000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1920000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
131000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
241000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1789000 usd
CY2023Q2 fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.07
CY2022Q2 fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.5
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3478304000 shares
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
22371000 usd
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
15503000 usd
us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
47000 usd
us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
61000 usd
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
150000 usd
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
39000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
4029000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
3467000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
26597000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19070000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
9258000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1682000 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
1515000 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
46000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
228000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
283000 usd
us-gaap Interest Expense
InterestExpense
11001000 usd
us-gaap Interest Expense
InterestExpense
2011000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15596000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17059000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
539000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
150000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15057000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16909000 usd
fmbm Service Charges On Deposits
ServiceChargesOnDeposits
499000 usd
fmbm Service Charges On Deposits
ServiceChargesOnDeposits
581000 usd
fmbm Investment Services And Insurance Income Net
InvestmentServicesAndInsuranceIncomeNet
862000 usd
fmbm Investment Services And Insurance Income Net
InvestmentServicesAndInsuranceIncomeNet
704000 usd
fmbm Mortgage Banking Income
MortgageBankingIncome
1083000 usd
fmbm Mortgage Banking Income
MortgageBankingIncome
1981000 usd
fmbm Title Insurance Income
TitleInsuranceIncome
625000 usd
fmbm Title Insurance Income
TitleInsuranceIncome
839000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
801000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
344000 usd
fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-411000 usd
fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-408000 usd
fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1299000 usd
fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1195000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-97000 usd
us-gaap Other Operating Income
OtherOperatingIncome
360000 usd
us-gaap Other Operating Income
OtherOperatingIncome
421000 usd
us-gaap Noninterest Income
NoninterestIncome
5118000 usd
us-gaap Noninterest Income
NoninterestIncome
5560000 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
9361000 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
8356000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2137000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2528000 usd
us-gaap Occupancy Net
OccupancyNet
652000 usd
us-gaap Occupancy Net
OccupancyNet
686000 usd
us-gaap Equipment Expense
EquipmentExpense
781000 usd
us-gaap Equipment Expense
EquipmentExpense
624000 usd
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
320000 usd
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
281000 usd
us-gaap Advertising Expense
AdvertisingExpense
494000 usd
us-gaap Advertising Expense
AdvertisingExpense
406000 usd
us-gaap Legal Fees
LegalFees
909000 usd
us-gaap Legal Fees
LegalFees
651000 usd
fmbm Atm And Check Card Fees
AtmAndCheckCardFees
595000 usd
fmbm Atm And Check Card Fees
AtmAndCheckCardFees
633000 usd
fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
1186000 usd
fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
1586000 usd
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
285000 usd
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
293000 usd
fmbm Bank Franchise Tax
BankFranchiseTax
320000 usd
fmbm Bank Franchise Tax
BankFranchiseTax
332000 usd
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2321000 usd
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
1733000 usd
us-gaap Noninterest Expense
NoninterestExpense
19361000 usd
us-gaap Noninterest Expense
NoninterestExpense
18109000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
814000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4360000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-482000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000 usd
us-gaap Net Income Loss
NetIncomeLoss
1296000 usd
fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.37
fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
1.25
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.52
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.52
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3470501000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3443850000 shares
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
241000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1789000 usd
us-gaap Net Income Loss
NetIncomeLoss
1296000 usd
us-gaap Net Income Loss
NetIncomeLoss
4317000 usd
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
90000 usd
CY2022Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-21678000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3529000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-39727000 usd
CY2023Q2 fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
19000 usd
CY2022Q2 fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
4552000 usd
fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
742000 usd
fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
8342000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
71000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-17126000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
2787000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-31385000 usd
CY2023Q2 fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
0 usd
CY2022Q2 fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
97000 usd
fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
0 usd
fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
97000 usd
CY2023Q2 fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
0 usd
CY2022Q2 fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
20000 usd
fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
0 usd
fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
20000 usd
CY2023Q2 fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2022Q2 fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
77000 usd
fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
0 usd
fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
77000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
71000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17049000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
312000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15260000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4083000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-26991000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
87985000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1789000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17049000 usd
CY2022Q2 fmbm Dividend Common Stock
DividendCommonStock
897000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
64000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
58000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
71950000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
72635000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
241000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
71000 usd
CY2023Q2 fmbm Dividend Common Stock
DividendCommonStock
903000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
82000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
68000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
72194000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
100456000 usd
us-gaap Net Income Loss
NetIncomeLoss
4317000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-31308000 usd
fmbm Dividend Common Stock
DividendCommonStock
1789000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
144000 usd
fmbm Vesting Of Time Based Stock Awards Issued At Date Of Grant Net Of Shares Withheld For Payroll Taxes
VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxes
56000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
74000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
71950000 usd
us-gaap Net Income Loss
NetIncomeLoss
1296000 usd
us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
-1203000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2787000 usd
fmbm Dividend Common Stock
DividendCommonStock
1802000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
163000 usd
fmbm Vesting Of Time Based Stock Awards Issued At Date Of Grant Net Of Shares Withheld For Payroll Taxes
VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxes
28000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
133000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
72194000 usd
us-gaap Profit Loss
ProfitLoss
1296000 usd
us-gaap Profit Loss
ProfitLoss
4317000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
665000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
562000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19000 usd
fmbm Amortization Of Securities
AmortizationOfSecurities
7148000 usd
fmbm Amortization Of Securities
AmortizationOfSecurities
13690000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
63681000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
76909000 usd
fmbm Loans Held For Sale Originated
LoansHeldForSaleOriginated
-61971000 usd
fmbm Loans Held For Sale Originated
LoansHeldForSaleOriginated
-76266000 usd
fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
-1218000 usd
fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
-1205000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
539000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
150000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-285000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-450000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-253000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-824000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
0 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3964000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
42000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-411000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1059000 usd
fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
411000 usd
fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
408000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
21000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
16000 usd
fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-438000 usd
fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-345000 usd
fmbm Gain Loss On Life Insurance Investment
GainLossOnLifeInsuranceInvestment
-363000 usd
fmbm Gain Loss On Life Insurance Investment
GainLossOnLifeInsuranceInvestment
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
97000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-36000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-10000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
133000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
74000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4401000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18814000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
108057000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3825000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3000000 usd
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0 usd
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
8699000 usd
fmbm Proceeds From Investment In The Redemption Of Restricted Stock Net
ProceedsFromInvestmentInTheRedemptionOfRestrictedStockNet
964000 usd
fmbm Proceeds From Investment In The Redemption Of Restricted Stock Net
ProceedsFromInvestmentInTheRedemptionOfRestrictedStockNet
-886000 usd
fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
-150000 usd
fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
0 usd
fmbm Net Increase Decrease In Loans Held For Investment
NetIncreaseDecreaseInLoansHeldForInvestment
33167000 usd
fmbm Net Increase Decrease In Loans Held For Investment
NetIncreaseDecreaseInLoansHeldForInvestment
28373000 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1729000 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
93000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
27000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5267000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2417000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31973000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-128007000 usd
us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
53735000 usd
us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
19915000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-23000000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
30000000 usd
fmbm Dividends Paid In Cash
DividendsPaidInCash
1802000 usd
fmbm Dividends Paid In Cash
DividendsPaidInCash
1789000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
191000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
200000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29124000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38326000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1552000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-70867000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34953000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88121000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36505000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17254000 usd
us-gaap Interest Paid Net
InterestPaidNet
10523000 usd
us-gaap Interest Paid Net
InterestPaidNet
2162000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
360000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
3529000 usd
fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
-39630000 usd
fmbm Cumulative Effect Of The Adoption Of Asc326
CumulativeEffectOfTheAdoptionOfAsc326
1524000 usd
fmbm Cumulative Effect Of The Adoption Of Asc326
CumulativeEffectOfTheAdoptionOfAsc326
0 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
197000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The material estimate that is particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses.</p>
CY2023Q2 fmbm Gross Loans
GrossLoans
776867000 usd
CY2023Q2 fmbm Less Deferred Loan Fees Net Of Costs
LessDeferredLoanFeesNetOfCosts
607000 usd
CY2023Q2 fmbm Less Allowance For Credit Losses
LessAllowanceForCreditLosses
8769000 usd
CY2023Q2 fmbm Loans Outstanding
LoansOutstanding
767491000 usd
CY2022Q4 fmbm Gross Loans
GrossLoans
744174000 usd
CY2022Q4 fmbm Less Deferred Loan Fees Net Of Costs
LessDeferredLoanFeesNetOfCosts
570000 usd
CY2022Q4 fmbm Less Allowance For Credit Losses
LessAllowanceForCreditLosses
7936000 usd
CY2022Q4 fmbm Loans Outstanding
LoansOutstanding
735668000 usd
CY2023Q2 fmbm Pledged Loans
PledgedLoans
247100000 usd
CY2022Q4 fmbm Pledged Loans
PledgedLoans
209800000 usd
CY2023Q2 fmbm Deferred Loan Fees Net Of Costs Non Accruel Loans
DeferredLoanFeesNetOfCostsNonAccruelLoans
1968000 usd
CY2023Q2 fmbm Gross Loans Net Of Costs Non Accruel Loans
GrossLoansNetOfCostsNonAccruelLoans
770072000 usd
CY2023Q2 fmbm Gross Loans Net Of Costs Total Loan Receivable
GrossLoansNetOfCostsTotalLoanReceivable
776867000 usd
CY2023Q2 fmbm Deferred Loan Fees Net Of Costs Current
DeferredLoanFeesNetOfCostsCurrent
-607000 usd
CY2023Q2 fmbm Less Deferred Loan Fees Net Of Costs Aggregate Loan Receivable
LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable
-607000 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Current
DeferredLoanFeesNetOfCostsCurrent
-570000 usd
CY2022Q4 fmbm Less Deferred Loan Fees Net Of Costs Aggregate Loan Receivable
LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable
-570000 usd
CY2023Q2 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
2000000.0 usd
CY2022Q4 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
2200000 usd
us-gaap Revenues
Revenues
66000 usd
us-gaap Revenues
Revenues
54000 usd
CY2023Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
607000 usd
CY2023Q2 us-gaap Long Term Investments
LongTermInvestments
776260000 usd
fmbm Impairment Description
ImpairmentDescription
The Company individually assessed for impairment all substandard loans greater than $500 thousand and all troubled debt restructurings
CY2023Q2 fmbm Notes And Loans Receivable Net Current Amount1
NotesAndLoansReceivableNetCurrentAmount1
204000 usd
CY2023Q2 fmbm Payment Status Due Under Eighty Nine Days
PaymentStatusDueUnderEightyNineDays
17000 usd
CY2023Q2 fmbm Unfunded Loan Commitments
UnfundedLoanCommitments
719000 usd
CY2023Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
2000000.0 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001654954-23-010721-index-headers.html Edgar Link pending
0001654954-23-010721-index.html Edgar Link pending
0001654954-23-010721.txt Edgar Link pending
0001654954-23-010721-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fmbm-20230630.xsd Edgar Link pending
fmbm_10q.htm Edgar Link pending
fmbm_ex311.htm Edgar Link pending
fmbm_ex312.htm Edgar Link pending
fmbm_ex32.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
fmbm-20230630_cal.xml Edgar Link unprocessable
fmbm-20230630_def.xml Edgar Link unprocessable
fmbm-20230630_pre.xml Edgar Link unprocessable
fmbm-20230630_lab.xml Edgar Link unprocessable
fmbm_10q_htm.xml Edgar Link completed
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending