2023 Q4 Form 10-Q Financial Statement

#000165495423014253 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $14.62M $11.01M
YoY Change 32.74% 21.61%
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 $367.0K $301.0K $280.0K
YoY Change 32.49% 7.5% -9.68%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.628M $1.881M
YoY Change 252.37% 72.73%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $237.0K $974.0K $2.541M
YoY Change -87.51% -61.67% -4.33%
Income Tax -$220.0K -$44.00K $237.0K
% Of Pretax Income -92.83% -4.52% 9.33%
Net Earnings $457.0K $1.018M $2.304M
YoY Change -73.07% -55.82% -1.41%
Net Earnings / Revenue 6.96% 20.92%
Basic Earnings Per Share $0.67
Diluted Earnings Per Share $0.13 $0.29 $0.67
COMMON SHARES
Basic Shares Outstanding 3.482M shares 3.480M shares 3.453M shares
Diluted Shares Outstanding 3.454M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $392.4M
YoY Change -8.14%
Cash & Equivalents $23.72M $22.16M $30.31M
Short-Term Investments $368.7M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.034M
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.64M $23.93M $18.93M
YoY Change 20.67% 26.38% 10.12%
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 $1.295B $1.282B $1.237B
YoY Change 3.91% 3.7% 5.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.600M $773.0K $934.0K
YoY Change 5.88% -17.24% -6.6%
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $60.00M $30.00M
YoY Change -14.29% 100.0%
Long-Term Debt Due $6.932M $6.922M
YoY Change 0.61%
Total Short-Term Liabilities $733.0K $773.0K $934.0K
YoY Change -17.27% -17.24% -6.6%
LONG-TERM LIABILITIES
Long-Term Debt $6.932M $6.922M $6.879M
YoY Change 0.61% 0.63% -68.39%
Other Long-Term Liabilities $16.11M $13.79M $15.77M
YoY Change 15.39% -12.5% -0.85%
Total Long-Term Liabilities $23.04M $20.72M $6.879M
YoY Change 234.35% 201.15% -68.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $733.0K $773.0K $934.0K
Total Long-Term Liabilities $23.04M $20.72M $6.879M
Total Liabilities $1.216B $1.215B $1.171B
YoY Change 3.5% 3.79% 9.54%
SHAREHOLDERS EQUITY
Retained Earnings $81.03M $81.48M $82.28M
YoY Change -2.46% -0.97% 5.68%
Common Stock $17.26M $17.25M $27.60M
YoY Change -37.74% -37.52% 19.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.64M $67.02M $65.68M
YoY Change
Total Liabilities & Shareholders Equity $1.295B $1.282B $1.237B
YoY Change 3.91% 3.7% 5.64%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $457.0K $1.018M $2.304M
YoY Change -73.07% -55.82% -1.41%
Depreciation, Depletion And Amortization $367.0K $301.0K $280.0K
YoY Change 32.49% 7.5% -9.68%
Cash From Operating Activities -$8.474M $6.470M $10.49M
YoY Change -179.97% -38.35% 36.64%
INVESTING ACTIVITIES
Capital Expenditures $78.00K $108.0K -$303.0K
YoY Change -91.54% -135.64% 44.29%
Acquisitions
YoY Change
Other Investing Activities $11.64M -$29.68M -$8.467M
YoY Change -214.25% 250.5% -89.07%
Cash From Investing Activities $11.56M -$29.79M -$8.770M
YoY Change -204.06% 239.62% -88.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.524M 8.968M 11.33M
YoY Change -129.59% -20.88% -82.45%
NET CHANGE
Cash From Operating Activities -8.474M 6.470M 10.49M
Cash From Investing Activities 11.56M -29.79M -8.770M
Cash From Financing Activities -1.524M 8.968M 11.33M
Net Change In Cash 1.559M -14.35M 13.06M
YoY Change -66.41% -209.87% -340.04%
FREE CASH FLOW
Cash From Operating Activities -$8.474M $6.470M $10.49M
Capital Expenditures $78.00K $108.0K -$303.0K
Free Cash Flow -$8.552M $6.362M $10.80M
YoY Change -188.4% -41.08% 36.84%

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CY2023Q3 fmbm Common Stock Unvested Restricted Shares
CommonStockUnvestedRestrictedShares
32957 shares
CY2022Q4 fmbm Common Stock Unvested Restricted Shares
CommonStockUnvestedRestrictedShares
26456 shares
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
17246000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
17149000 usd
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10941000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10577000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81481000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83078000 usd
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-42648000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-40012000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
67020000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1282419000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1245902000 usd
CY2023Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
12525000 usd
CY2022Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
8881000 usd
CY2023Q3 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
19000 usd
CY2022Q3 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
29000 usd
CY2023Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
68000 usd
CY2022Q3 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
48000 usd
CY2023Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
2005000 usd
CY2022Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
2054000 usd
CY2023Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
14617000 usd
CY2022Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11012000 usd
CY2023Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5811000 usd
CY2022Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1378000 usd
CY2023Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
702000 usd
CY2022Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
158000 usd
CY2023Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
115000 usd
CY2022Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
345000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
6628000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
1881000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7989000 usd
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9131000 usd
CY2023Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
620000 usd
CY2022Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
0 usd
CY2023Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7369000 usd
CY2022Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9131000 usd
CY2023Q3 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
256000 usd
CY2022Q3 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
255000 usd
CY2023Q3 fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
374000 usd
CY2022Q3 fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
316000 usd
CY2023Q3 fmbm Mortgage Banking Income
MortgageBankingIncome
536000 usd
CY2022Q3 fmbm Mortgage Banking Income
MortgageBankingIncome
666000 usd
CY2023Q3 fmbm Title Insurance Income
TitleInsuranceIncome
444000 usd
CY2022Q3 fmbm Title Insurance Income
TitleInsuranceIncome
376000 usd
CY2023Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
181000 usd
CY2022Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
178000 usd
CY2023Q3 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-205000 usd
CY2022Q3 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-205000 usd
CY2023Q3 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
672000 usd
CY2022Q3 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
628000 usd
CY2023Q3 us-gaap Other Operating Income
OtherOperatingIncome
269000 usd
CY2022Q3 us-gaap Other Operating Income
OtherOperatingIncome
68000 usd
CY2023Q3 us-gaap Noninterest Income
NoninterestIncome
2527000 usd
CY2022Q3 us-gaap Noninterest Income
NoninterestIncome
2282000 usd
CY2023Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
4210000 usd
CY2022Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
4334000 usd
CY2023Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
907000 usd
CY2022Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1184000 usd
CY2023Q3 us-gaap Occupancy Net
OccupancyNet
371000 usd
CY2022Q3 us-gaap Occupancy Net
OccupancyNet
342000 usd
CY2023Q3 us-gaap Equipment Expense
EquipmentExpense
357000 usd
CY2022Q3 us-gaap Equipment Expense
EquipmentExpense
294000 usd
CY2023Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
225000 usd
CY2022Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
215000 usd
CY2023Q3 fmbm Oreo Expenses
OreoExpenses
0 usd
CY2022Q3 fmbm Oreo Expenses
OreoExpenses
59000 usd
CY2023Q3 us-gaap Advertising Expense
AdvertisingExpense
259000 usd
CY2022Q3 us-gaap Advertising Expense
AdvertisingExpense
193000 usd
CY2023Q3 us-gaap Legal Fees
LegalFees
326000 usd
CY2022Q3 us-gaap Legal Fees
LegalFees
294000 usd
CY2023Q3 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
-349000 usd
CY2022Q3 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
-321000 usd
CY2023Q3 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
551000 usd
CY2022Q3 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
619000 usd
CY2023Q3 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
124000 usd
CY2022Q3 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
131000 usd
CY2023Q3 fmbm Bank Franchise Tax
BankFranchiseTax
129000 usd
CY2022Q3 fmbm Bank Franchise Tax
BankFranchiseTax
124000 usd
CY2023Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
1114000 usd
CY2022Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
762000 usd
CY2023Q3 us-gaap Noninterest Expense
NoninterestExpense
8922000 usd
CY2022Q3 us-gaap Noninterest Expense
NoninterestExpense
8872000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
974000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2541000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-44000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1018000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
2304000 usd
CY2023Q3 fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.29
CY2022Q3 fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.67
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3480670000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3453767000 shares
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
34896000 usd
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
24384000 usd
us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
66000 usd
us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
90000 usd
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
218000 usd
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
87000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
6034000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
5521000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
41214000 usd
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
30082000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
15069000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3060000 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
2217000 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
204000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
343000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
628000 usd
us-gaap Interest Expense
InterestExpense
17629000 usd
us-gaap Interest Expense
InterestExpense
3892000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
23585000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26190000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1159000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
150000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
22426000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26040000 usd
fmbm Service Charges On Deposits
ServiceChargesOnDeposits
755000 usd
fmbm Service Charges On Deposits
ServiceChargesOnDeposits
836000 usd
fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
1236000 usd
fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
1020000 usd
fmbm Mortgage Banking Income
MortgageBankingIncome
1619000 usd
fmbm Mortgage Banking Income
MortgageBankingIncome
2647000 usd
fmbm Title Insurance Income
TitleInsuranceIncome
1069000 usd
fmbm Title Insurance Income
TitleInsuranceIncome
1215000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
982000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
522000 usd
fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-616000 usd
fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-613000 usd
fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1971000 usd
fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1823000 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
629000 usd
us-gaap Other Operating Income
OtherOperatingIncome
489000 usd
us-gaap Noninterest Income
NoninterestIncome
7645000 usd
us-gaap Noninterest Income
NoninterestIncome
7842000 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
13571000 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
12690000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3044000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3712000 usd
us-gaap Occupancy Net
OccupancyNet
1023000 usd
us-gaap Occupancy Net
OccupancyNet
1028000 usd
us-gaap Equipment Expense
EquipmentExpense
1138000 usd
us-gaap Equipment Expense
EquipmentExpense
918000 usd
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
545000 usd
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
496000 usd
us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
0 usd
us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
59000 usd
us-gaap Advertising Expense
AdvertisingExpense
753000 usd
us-gaap Advertising Expense
AdvertisingExpense
599000 usd
us-gaap Legal Fees
LegalFees
1235000 usd
us-gaap Legal Fees
LegalFees
945000 usd
fmbm Atm And Check Card Fees
AtmAndCheckCardFees
-944000 usd
fmbm Atm And Check Card Fees
AtmAndCheckCardFees
-954000 usd
fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
1926000 usd
fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
2205000 usd
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
409000 usd
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
424000 usd
fmbm Bank Franchise Tax
BankFranchiseTax
449000 usd
fmbm Bank Franchise Tax
BankFranchiseTax
456000 usd
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
3246000 usd
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2495000 usd
us-gaap Noninterest Expense
NoninterestExpense
28283000 usd
us-gaap Noninterest Expense
NoninterestExpense
26981000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1788000 usd
fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
1.92
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6901000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-526000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
280000 usd
us-gaap Net Income Loss
NetIncomeLoss
2314000 usd
us-gaap Net Income Loss
NetIncomeLoss
6621000 usd
fmbm Earnings Per Share Basics And Diluted
EarningsPerShareBasicsAndDiluted
0.67
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.78
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.78
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3473911000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3447470000 shares
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1018000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
2304000 usd
us-gaap Net Income Loss
NetIncomeLoss
2314000 usd
us-gaap Net Income Loss
NetIncomeLoss
6621000 usd
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-6865000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-9879000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3337000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-49606000 usd
CY2023Q3 fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
1442000 usd
CY2022Q3 fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
2075000 usd
fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
701000 usd
fmbm Other Comprehensive Loss Income Tax Effect
OtherComprehensiveLossIncomeTaxEffect
10417000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-5423000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-7804000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-2636000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-39189000 usd
CY2023Q3 fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
0 usd
CY2022Q3 fmbm Reclassifications Adjustment For Losses Included In Net Income
ReclassificationsAdjustmentForLossesIncludedInNetIncome
0 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
CY2023Q3 fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
0 usd
CY2022Q3 fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
0 usd
fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
0 usd
fmbm Other Comprehensive Loss Income Tax Effects
OtherComprehensiveLossIncomeTaxEffects
20000 usd
CY2023Q3 fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2022Q3 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
0 usd
fmbm Other Comprehensive Income Debt Securities Available For Sale Realized Loss
OtherComprehensiveIncomeDebtSecuritiesAvailableForSaleRealizedLoss
77000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5423000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7804000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2636000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39112000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4405000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5500000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-322000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-32491000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
71950000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
2304000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7804000 usd
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
903000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
69000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
61000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
65677000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
72194000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1018000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5423000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
906000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
76000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
61000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
67020000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
100456000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29292000 usd
us-gaap Net Income Loss
NetIncomeLoss
6621000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39112000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
2692000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
213000 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
135000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
65677000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
us-gaap Net Income Loss
NetIncomeLoss
2314000 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
-2636000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
2708000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
239000 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
194000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
67020000 usd
us-gaap Profit Loss
ProfitLoss
-2314000 usd
us-gaap Profit Loss
ProfitLoss
-6621000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
958000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
833000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28000 usd
fmbm Amortization Of Securities
AmortizationOfSecurities
11594000 usd
fmbm Amortization Of Securities
AmortizationOfSecurities
19173000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
93872000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
116448000 usd
fmbm Loans Held For Sale Originated
LoansHeldForSaleOriginated
-92677000 usd
fmbm Loans Held For Sale Originated
LoansHeldForSaleOriginated
-112954000 usd
fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
1849000 usd
fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
1917000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
1159000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
150000 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
650000 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
543000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-9179000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2691000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1039000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1025000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9244000 usd
fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
616000 usd
fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
613000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
32000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
107000 usd
fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-612000 usd
fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-522000 usd
fmbm Gain Loss On Life Insurance Investment
GainLossOnLifeInsuranceInvestment
370000 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
16000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
10000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
194000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
135000 usd
fmbm Gain Loss On Sale And Valuation Adjustments For Other Real Estate Owned And Bank Premises Held For Sale
GainLossOnSaleAndValuationAdjustmentsForOtherRealEstateOwnedAndBankPremisesHeldForSale
0 usd
fmbm Gain Loss On Sale And Valuation Adjustments For Other Real Estate Owned And Bank Premises Held For Sale
GainLossOnSaleAndValuationAdjustmentsForOtherRealEstateOwnedAndBankPremisesHeldForSale
-59000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10871000 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
4825000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
4000000 usd
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0 usd
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
8699000 usd
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
137000 usd
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
891000 usd
fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
-200000 usd
fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
-220000 usd
fmbm Net Increase Decrease In Loans Held For Investment
NetIncreaseDecreaseInLoansHeldForInvestment
62702000 usd
fmbm Net Increase Decrease In Loans Held For Investment
NetIncreaseDecreaseInLoansHeldForInvestment
37753000 usd
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1738000 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
5375000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2720000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
138000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61758000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-136777000 usd
us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
50533000 usd
us-gaap Proceeds From Other Deposits
ProceedsFromOtherDeposits
37099000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-10000000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
30000000 usd
fmbm Dividends Paid In Cash
DividendsPaidInCash
2708000 usd
fmbm Dividends Paid In Cash
DividendsPaidInCash
2692000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
267000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
269000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38092000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49676000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12795000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-57809000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22158000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30312000 usd
us-gaap Interest Paid Net
InterestPaidNet
16709000 usd
us-gaap Interest Paid Net
InterestPaidNet
4031000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
360000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
3337000 usd
fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
-49509000 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
CY2023Q3 fmbm Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax1
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax1
0 usd
fmbm Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax1
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax1
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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>
fmbm Credit Loss On Loans Increase
CreditLossOnLoansIncrease
777000 usd
fmbm Increase In Allowance For Unfunded Loan Commitments
IncreaseInAllowanceForUnfundedLoanCommitments
747000 usd
CY2023Q1 fmbm Net Decrease To Retained Earnings
NetDecreaseToRetainedEarnings
1200000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
426880000 usd
CY2022Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 usd
CY2023Q3 fmbm Fair Value Of Securities More Than Twelve Months
FairValueOfSecuritiesMoreThanTwelveMonths
360037000 usd
CY2023Q3 fmbm Gross Loans
GrossLoans
806248000 usd
CY2023Q3 fmbm Unamortized Net Deferred Loan Fees
UnamortizedNetDeferredLoanFees
646000 usd
CY2023Q3 fmbm Less Allowance For Credit Losses
LessAllowanceForCreditLosses
9166000 usd
CY2023Q3 fmbm Loans Outstanding
LoansOutstanding
796436000 usd
CY2022Q4 fmbm Gross Loans
GrossLoans
744174000 usd
CY2022Q4 fmbm Unamortized Net Deferred Loan Fees
UnamortizedNetDeferredLoanFees
-570000 usd
CY2022Q4 fmbm Less Allowance For Credit Losses
LessAllowanceForCreditLosses
7936000 usd
CY2022Q4 fmbm Loans Outstanding
LoansOutstanding
735668000 usd
CY2023Q3 fmbm Pledged Loans
PledgedLoans
27150000 usd
CY2022Q4 fmbm Pledged Loans
PledgedLoans
20980000 usd
CY2023Q3 fmbm Gross Loans Net Of Costs Non Accruel Loans
GrossLoansNetOfCostsNonAccruelLoans
3557000 usd
CY2023Q3 fmbm Less Deferred Loan Fees Net Of Costs Current
LessDeferredLoanFeesNetOfCostsCurrent
797728 usd
CY2023Q3 fmbm Gross Loans Net Of Costs Total Loan Receivable
GrossLoansNetOfCostsTotalLoanReceivable
806248000 usd
CY2023Q3 fmbm Deferred Loan Fees Net Of Costs Thirty To Fifty Nine Days Past Due
DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue
0 usd
CY2023Q3 fmbm Deferred Loan Fees Net Of Costs Sixty To Enghty Nine Days Past Due
DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue
0 usd
CY2023Q3 fmbm Deferred Loan Fees Net Of Costs Greater Than Ninety Days
DeferredLoanFeesNetOfCostsGreaterThanNinetyDays
0 usd
CY2023Q3 fmbm Deferred Loan Fees Net Of Costs Non Accruel Loans
DeferredLoanFeesNetOfCostsNonAccruelLoans
0 usd
CY2023Q3 fmbm Deferred Loan Fees Net Of Costs Current
DeferredLoanFeesNetOfCostsCurrent
-646000 usd
CY2023Q3 fmbm Less Deferred Loan Fees Net Of Costs Aggregate Loan Receivable
LessDeferredLoanFeesNetOfCostsAggregateLoanReceivable
-646000 usd
CY2022Q4 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 Sixty To Enghty Nine Days Past Due
DeferredLoanFeesNetOfCostsSixtyToEnghtyNineDaysPastDue
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Greater Than Ninety Days
DeferredLoanFeesNetOfCostsGreaterThanNinetyDays
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Non Accruel Loans
DeferredLoanFeesNetOfCostsNonAccruelLoans
0 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
CY2023Q3 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
3600000 usd
CY2022Q4 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
2200000 usd
us-gaap Revenues
Revenues
162000 usd
us-gaap Revenues
Revenues
103000000 usd
CY2023Q3 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
646000 usd
CY2023Q3 us-gaap Long Term Investments
LongTermInvestments
805602000 usd
fmbm Impairment Description
ImpairmentDescription
The Company individually assessed for impairment all substandard loans greater than $500,000 and all troubled debt restructurings
CY2023Q3 fmbm Notes And Loans Receivable Net Current Amount1
NotesAndLoansReceivableNetCurrentAmount1
37000 usd
CY2023Q3 fmbm Payment Status Due Under Eighty Nine Days
PaymentStatusDueUnderEightyNineDays
16000 usd
CY2023Q3 fmbm Unfunded Loan Commitments
UnfundedLoanCommitments
749000 usd
CY2023Q3 fmbm Total Amount Of Conducted Business At Secondary Mortgage Loan Markets
TotalAmountOfConductedBusinessAtSecondaryMortgageLoanMarkets
2000000.0 usd
CY2023Q3 fmbm Defined Benefit Plan Service Costs
DefinedBenefitPlanServiceCosts
0 usd
CY2022Q3 fmbm Defined Benefit Plan Service Costs
DefinedBenefitPlanServiceCosts
190000 usd
fmbm Defined Benefit Plan Service Costs
DefinedBenefitPlanServiceCosts
0 usd
CY2022Q3 fmbm Expected Return On Plan Assets
ExpectedReturnOnPlanAssets
0 usd
fmbm Expected Return On Plan Assets
ExpectedReturnOnPlanAssets
0 usd
CY2023Q3 fmbm Amortization Of Prior Service Cost
AmortizationOfPriorServiceCost
0 usd
fmbm Amortization Of Prior Service Cost
AmortizationOfPriorServiceCost
0 usd
fmbm Stocksharevested
Stocksharevested
6974 shares
CY2023Q3 fmbm Loans Held For Sale
LoansHeldForSale
2027000 usd
CY2023Q3 fmbm Us Treasury Securities
USTreasurySecurities
37006000 usd
CY2023Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
60000000.0 usd

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