2024 Q1 Form 10-K Financial Statement

#000165495424003726 Filed on March 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $15.52M $56.33M
YoY Change 55328.57% 33.52%
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 $359.0K $367.0K $1.300M
YoY Change 26.41% 32.49% 18.18%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $7.449M $24.67M
YoY Change 44.75% 240.44%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.216M $237.0K $2.025M
YoY Change 21.12% -87.51% -76.98%
Income Tax -$1.000K -$220.0K -$746.0K
% Of Pretax Income -0.08% -92.83% -36.84%
Net Earnings $1.217M $457.0K $1.055M
YoY Change 15.36% -73.07% -87.32%
Net Earnings / Revenue 7.84% 1.87%
Basic Earnings Per Share
Diluted Earnings Per Share $0.35 $0.13 $0.79
COMMON SHARES
Basic Shares Outstanding 3.483M shares 3.482M shares 3.476B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $411.5M $392.4M
YoY Change -8.14%
Cash & Equivalents $52.49M $23.72M
Short-Term Investments $359.0M $368.7M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.094M $5.034M
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.37M $23.64M $24.35M
YoY Change 17.01% 20.67% 19.07%
Goodwill $3.082M $3.082M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.14M
YoY Change -17.12%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.316B $1.295B $1.295B
YoY Change 5.06% 3.91% 3.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $713.0K $3.600M $733.0K
YoY Change -16.22% 5.88% -17.27%
Deferred Revenue
YoY Change
Short-Term Debt $60.00M $60.00M
YoY Change 9.09% -14.29%
Long-Term Debt Due $6.943M $6.932M
YoY Change 0.61% 0.61%
Total Short-Term Liabilities $713.0K $733.0K $733.0K
YoY Change -16.22% -17.27% -17.27%
LONG-TERM LIABILITIES
Long-Term Debt $6.943M $6.932M $6.932M
YoY Change 0.61% 0.61% 0.61%
Other Long-Term Liabilities $14.48M $16.11M $16.11M
YoY Change 18.18% 15.39% 15.39%
Total Long-Term Liabilities $21.42M $23.04M $23.04M
YoY Change 11.85% 234.35% 10.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $713.0K $733.0K $733.0K
Total Long-Term Liabilities $21.42M $23.04M $23.04M
Total Liabilities $1.238B $1.216B $1.216B
YoY Change 4.93% 3.5% 3.5%
SHAREHOLDERS EQUITY
Retained Earnings $81.35M $81.03M
YoY Change -0.84% -2.46%
Common Stock $17.32M $17.26M
YoY Change -37.93% -37.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.73M $72.64M $78.32M
YoY Change
Total Liabilities & Shareholders Equity $1.316B $1.295B $1.295B
YoY Change 5.06% 3.91% 3.91%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.217M $457.0K $1.055M
YoY Change 15.36% -73.07% -87.32%
Depreciation, Depletion And Amortization $359.0K $367.0K $1.300M
YoY Change 26.41% 32.49% 18.18%
Cash From Operating Activities $2.942M -$8.474M $2.397M
YoY Change 8072.22% -179.97% -93.99%
INVESTING ACTIVITIES
Capital Expenditures $70.00K $78.00K $5.453M
YoY Change -89.77% -91.54% 49.73%
Acquisitions
YoY Change
Other Investing Activities $3.645M $11.64M -$44.75M
YoY Change -140.05% -214.25% -68.98%
Cash From Investing Activities $3.575M $11.56M -$50.20M
YoY Change -136.54% -204.06% -66.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $22.25M -1.524M $36.57M
YoY Change 266.65% -129.59% -33.3%
NET CHANGE
Cash From Operating Activities $2.942M -8.474M $2.397M
Cash From Investing Activities $3.575M 11.56M -$50.20M
Cash From Financing Activities $22.25M -1.524M $36.57M
Net Change In Cash $28.77M 1.559M -$11.24M
YoY Change -881.77% -66.41% -78.87%
FREE CASH FLOW
Cash From Operating Activities $2.942M -$8.474M $2.397M
Capital Expenditures $70.00K $78.00K $5.453M
Free Cash Flow $2.872M -$8.552M -$3.056M
YoY Change -543.21% -188.4% -108.43%

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CY2022 us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
496000 usd
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
170905000 shares
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
170905000 shares
CY2023 fmbm Contributions Under Employee Benefit Plan
ContributionsUnderEmployeeBenefitPlan
478000 usd
CY2022 fmbm Contributions Under Employee Benefit Plan
ContributionsUnderEmployeeBenefitPlan
475000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3600000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3400000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
26456 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.24
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
24865 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.34
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
8283 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
22.34
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
10081 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
26.38
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
32957 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
25.25
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2696000 usd
CY2023 us-gaap Noninterest Income
NoninterestIncome
10154000 usd
CY2022 us-gaap Noninterest Income
NoninterestIncome
11292000 usd
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0000740806
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3485570 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3456237 shares
CY2023Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
250000 usd
CY2022Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
6900000.0 usd
CY2023 fmbm Description Of Employee Benefit Plan401 K Plan
DescriptionOfEmployeeBenefitPlan401KPlan
The Company sponsors a 401(k) savings plan under which eligible employees may choose to save up to 20 percent of their salary on a pretax basis, subject to certain IRS limits. Under the Federal Safe Harbor rules employees are automatically enrolled at 3% (this increases by 1% per year up to 6%) of their salary unless elected otherwise. The Company matches one hundred percent of the first 1% contributed by the employee and fifty percent from 2% to 6% of employee contributions. Vesting in the contributions made by the Company is 100% after two years of service
CY2023 dei Document Type
DocumentType
10-K
CY2023 dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
CY2023 dei Entity File Number
EntityFileNumber
0-13273
CY2023 dei Entity Registrant Name
EntityRegistrantName
F&M BANK CORP.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
VA
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
54-1280811
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
P.O. Box 1111
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Timberville
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
22853
CY2023 dei City Area Code
CityAreaCode
540
CY2023 dei Local Phone Number
LocalPhoneNumber
896-8941
CY2023 dei Security12g Title
Security12gTitle
Common Stock - $5 Par value per share
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
61841018 usd
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3482529 shares
CY2023 dei Auditor Name
AuditorName
Yount, Hyde & Barbour, P.C
CY2023 dei Auditor Location
AuditorLocation
Roanoke, Virginia
CY2023Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
19790000 usd
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
17926000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
178000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
687000 usd
CY2023Q4 us-gaap Federal Funds Sold
FederalFundsSold
3749000 usd
CY2022Q4 us-gaap Federal Funds Sold
FederalFundsSold
16340000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23717000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34953000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
112000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
125000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
368674000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
392095000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
10883000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
11317000 usd
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1119000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1373000 usd
CY2023Q4 fmbm Loans Held For Investment Net Of Deferred Fees And Costs
LoansHeldForInvestmentNetOfDeferredFeesAndCosts
822092000 usd
CY2022Q4 fmbm Loans Held For Investment Net Of Deferred Fees And Costs
LoansHeldForInvestmentNetOfDeferredFeesAndCosts
743604000 usd
CY2023Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8321000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7936000 usd
CY2023Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
813771000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
735668000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23635000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19587000 usd
CY2023Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
55000 usd
CY2022Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
0 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
5034000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
3995000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
3082000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
3082000 usd
CY2023Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
22878000 usd
CY2022Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
23554000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
21748000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
20153000 usd
CY2023Q4 us-gaap Assets
Assets
1294596000 usd
CY2022Q4 us-gaap Assets
Assets
1245902000 usd
CY2023Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
264254000 usd
CY2022Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
293596000 usd
CY2023Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
868982000 usd
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
789781000 usd
CY2023Q4 us-gaap Deposits
Deposits
1133236000 usd
CY2022Q4 us-gaap Deposits
Deposits
1083377000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
60000000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
70000000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6932000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6890000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
16105000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
14843000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1216273000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1175110000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3485570 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3456237 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
17263000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
17149000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
11043000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
10577000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81034000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83078000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-31017000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-40012000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
78323000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1294596000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1245902000 usd
CY2023 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
47957000 usd
CY2022 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
34268000 usd
CY2023 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
88000 usd
CY2022 us-gaap Interest And Fee Income Other Loans Held For Sale
InterestAndFeeIncomeOtherLoansHeldForSale
106000 usd
CY2023 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
594000 usd
CY2022 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
190000 usd
CY2023 us-gaap Interest And Other Income
InterestAndOtherIncome
7687000 usd
CY2022 us-gaap Interest And Other Income
InterestAndOtherIncome
7575000 usd
CY2023 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
56326000 usd
CY2022 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
42139000 usd
CY2023 us-gaap Interest Expense Deposits
InterestExpenseDeposits
21177000 usd
CY2022 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5735000 usd
CY2023 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
3029000 usd
CY2022 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
760000 usd
CY2023 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
459000 usd
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
750000 usd
CY2023 us-gaap Interest Expense
InterestExpense
24665000 usd
CY2022 us-gaap Interest Expense
InterestExpense
7245000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
31661000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34894000 usd
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1025000 usd
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
866000 usd
CY2023 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
30636000 usd
CY2022 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
34028000 usd
CY2023 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
1029000 usd
CY2022 fmbm Service Charges On Deposits
ServiceChargesOnDeposits
1062000 usd
CY2023 fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
1732000 usd
CY2022 fmbm Investment Services And Insurance Income
InvestmentServicesAndInsuranceIncome
1472000 usd
CY2023 fmbm Mortgage Banking Income
MortgageBankingIncome
1973000 usd
CY2022 fmbm Mortgage Banking Income
MortgageBankingIncome
3024000 usd
CY2023 fmbm Title Insurance Income
TitleInsuranceIncome
1334000 usd
CY2022 fmbm Title Insurance Income
TitleInsuranceIncome
1578000 usd
CY2023 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1160000 usd
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
701000 usd
CY2023 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-821000 usd
CY2022 fmbm Low Income Housing Partnership Losses
LowIncomeHousingPartnershipLosses
-817000 usd
CY2023 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
2636000 usd
CY2022 fmbm Atm And Check Card Fees
AtmAndCheckCardFees
2462000 usd
CY2023 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0 usd
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-2852000 usd
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
232000 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3785000 usd
CY2023 us-gaap Other Operating Income
OtherOperatingIncome
879000 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
877000 usd
CY2023 us-gaap Noninterest Income
NoninterestIncome
10154000 usd
CY2022 us-gaap Noninterest Income
NoninterestIncome
11292000 usd
CY2023 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
18889000 usd
CY2022 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
16967000 usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
4111000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
4787000 usd
CY2023 us-gaap Occupancy Net
OccupancyNet
1431000 usd
CY2022 us-gaap Occupancy Net
OccupancyNet
1402000 usd
CY2023 us-gaap Equipment Expense
EquipmentExpense
1332000 usd
CY2022 us-gaap Equipment Expense
EquipmentExpense
1080000 usd
CY2023 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
789000 usd
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
563000 usd
CY2023 fmbm Other Real Estate Owned Net
OtherRealEstateOwnedNet
0 usd
CY2022 fmbm Other Real Estate Owned Net
OtherRealEstateOwnedNet
59000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
962000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
925000 usd
CY2023 us-gaap Legal Fees
LegalFees
1667000 usd
CY2022 us-gaap Legal Fees
LegalFees
1582000 usd
CY2023 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1260000 usd
CY2022 fmbm Atm And Check Card Fee Non Interest Income
AtmAndCheckCardFeeNonInterestIncome
1308000 usd
CY2023 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
2863000 usd
CY2022 fmbm Telecommunication And Data Processing Expense
TelecommunicationAndDataProcessingExpense
3116000 usd
CY2023 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
530000 usd
CY2022 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
580000 usd
CY2023 fmbm Bank Franchise Tax
BankFranchiseTax
629000 usd
CY2022 fmbm Bank Franchise Tax
BankFranchiseTax
704000 usd
CY2023 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
4302000 usd
CY2022 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
3449000 usd
CY2023 us-gaap Noninterest Expense
NoninterestExpense
38765000 usd
CY2022 us-gaap Noninterest Expense
NoninterestExpense
36522000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2025000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8798000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-746000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
480000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2771000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
8318000 usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
CY2023 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.04
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.04
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3476326000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3449343000 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2771000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
8318000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
403000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
4722000 usd
CY2023 fmbm Tax Effect
TaxEffect
85000 usd
CY2022 fmbm Tax Effect
TaxEffect
992000 usd
CY2023 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
318000 usd
CY2022 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
AdjustmentForLongTermIntercompanyTransactionsNetOfTax
3730000 usd
CY2023 fmbm Unrealized Holding Losses On Available For Sale Securities
UnrealizedHoldingLossesOnAvailableForSaleSecurities
10984000 usd
CY2022 fmbm Unrealized Holding Losses On Available For Sale Securities
UnrealizedHoldingLossesOnAvailableForSaleSecurities
-51776000 usd
CY2023 fmbm Tax Effects
TaxEffects
2307000 usd
CY2022 fmbm Tax Effects
TaxEffects
10873000 usd
CY2023 fmbm Unrealized Gain And Loss On Securities
UnrealizedGainAndLossOnSecurities
8677000 usd
CY2022 fmbm Unrealized Gain And Loss On Securities
UnrealizedGainAndLossOnSecurities
-40903000 usd
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
0 usd
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
2852000 usd
CY2023 fmbm Tax Effect After Adjustment
TaxEffectAfterAdjustment
0 usd
CY2022 fmbm Tax Effect After Adjustment
TaxEffectAfterAdjustment
599000 usd
CY2023 fmbm Available For Sale Securities Gross Realized Gain And Losses Net
AvailableForSaleSecuritiesGrossRealizedGainAndLossesNet
0 usd
CY2022 fmbm Available For Sale Securities Gross Realized Gain And Losses Net
AvailableForSaleSecuritiesGrossRealizedGainAndLossesNet
2253000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8995000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-34920000 usd
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
11766000 usd
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-26602000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
100456000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
8318000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-34920000 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
3590000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
279000 usd
CY2022 fmbm Vesting Of Time Based Stock Awards Issued At Date Of Grant Net Of Shares Withheld For Payroll Taxes
VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxes
56000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
193000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
70792000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
2771000 usd
CY2023 fmbm Cumulative Effect Adjustment Due To The Adoption Of Asc326 Net Of Tax
CumulativeEffectAdjustmentDueToTheAdoptionOfAsc326NetOfTax
-1203000 usd
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8995000 usd
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
3612000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
292000 usd
CY2023 fmbm Vesting Of Time Based Stock Awards Issued At Date Of Grant Net Of Shares Withheld For Payroll Taxes
VestingOfTimeBasedStockAwardsIssuedAtDateOfGrantNetOfSharesWithheldForPayrollTaxes
29000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
259000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
78323000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
2771000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
8318000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1317000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1101000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000 usd
CY2023 fmbm Amortization Of Securities
AmortizationOfSecurities
772000 usd
CY2022 fmbm Amortization Of Securities
AmortizationOfSecurities
903000 usd
CY2023 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
125528000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
147053000 usd
CY2023 fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
2530000 usd
CY2022 fmbm Gain On Sale Of Loans Held For Sale Originated
GainOnSaleOfLoansHeldForSaleOriginated
2528000 usd
CY2023 fmbm Increase Decrease In Loans Held For Sale Originated
IncreaseDecreaseInLoansHeldForSaleOriginated
122744000 usd
CY2022 fmbm Increase Decrease In Loans Held For Sale Originated
IncreaseDecreaseInLoansHeldForSaleOriginated
141011000 usd
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1025000 usd
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
866000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-200000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
91000 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1039000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
878000 usd
CY2023 us-gaap Impairment Of Investments
ImpairmentOfInvestments
-3624000 usd
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
1495000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
798000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2763000 usd
CY2023 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
0 usd
CY2022 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
2852000 usd
CY2023 fmbm Gain On Sale Of Limited Partnership Investment
GainOnSaleOfLimitedPartnershipInvestment
232000 usd
CY2022 fmbm Gain On Sale Of Limited Partnership Investment
GainOnSaleOfLimitedPartnershipInvestment
3785000 usd
CY2023 fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
821000 usd
CY2022 fmbm Amortization Of Limited Partnership Investments
AmortizationOfLimitedPartnershipInvestments
817000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
42000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
118000 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
10000 usd
CY2023 fmbm Loss On Sale And Valuation Adjustments Of Other Real Estate Owned
LossOnSaleAndValuationAdjustmentsOfOtherRealEstateOwned
0 usd
CY2022 fmbm Loss On Sale And Valuation Adjustments Of Other Real Estate Owned
LossOnSaleAndValuationAdjustmentsOfOtherRealEstateOwned
59000 usd
CY2023 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
55000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 usd
CY2023 fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-790000 usd
CY2022 fmbm Proceeds From Income From Life Insurance Investment
ProceedsFromIncomeFromLifeInsuranceInvestment
-701000 usd
CY2023 fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
-370000 usd
CY2022 fmbm Investment In Limited Partnership Investment
InvestmentInLimitedPartnershipInvestment
0 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
259000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
193000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2397000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17571000 usd
CY2023 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
19825000 usd
CY2022 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
4000000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
13934000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
22317000 usd
CY2023 fmbm Purchases Of Securities Available For Sale And Other Investments
PurchasesOfSecuritiesAvailableForSaleAndOtherInvestments
0 usd
CY2022 fmbm Purchases Of Securities Available For Sale And Other Investments
PurchasesOfSecuritiesAvailableForSaleAndOtherInvestments
-40847000 usd
CY2023 fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
0 usd
CY2022 fmbm Change In Unrealized Loss On Securities Available For Sale Net
ChangeInUnrealizedLossOnSecuritiesAvailableForSaleNet
108057000 usd
CY2023 fmbm Purchases Of Restricted Stock Net
PurchasesOfRestrictedStockNet
-137000 usd
CY2022 fmbm Purchases Of Restricted Stock Net
PurchasesOfRestrictedStockNet
-2741000 usd
CY2023 us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
232000 usd
CY2022 us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
3823000 usd
CY2023 fmbm Repayment Of Investment Limited Partnership Investments
RepaymentOfInvestmentLimitedPartnershipInvestments
-250000 usd
CY2022 fmbm Repayment Of Investment Limited Partnership Investments
RepaymentOfInvestmentLimitedPartnershipInvestments
-220000 usd
CY2023 fmbm Net Increase In Loans Held For Investment
NetIncreaseInLoansHeldForInvestment
79962000 usd
CY2022 fmbm Net Increase In Loans Held For Investment
NetIncreaseInLoansHeldForInvestment
82058000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5453000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3642000 usd
CY2023 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0 usd
CY2022 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
138000 usd
CY2023 fmbm Proceeds From Life Insurance Benefits
ProceedsFromLifeInsuranceBenefits
1739000 usd
CY2022 fmbm Proceeds From Life Insurance Benefits
ProceedsFromLifeInsuranceBenefits
0 usd
CY2023 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
103000 usd
CY2022 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
27000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50201000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125566000 usd
CY2023 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
49859000 usd
CY2022 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
3082000 usd
CY2023 fmbm Net Change In Short Term Debt
NetChangeInShortTermDebt
-10000000 usd
CY2022 fmbm Net Change In Short Term Debt
NetChangeInShortTermDebt
70000000 usd
CY2023 fmbm Dividends Paid In Cash
DividendsPaidInCash
-3612000 usd
CY2022 fmbm Dividends Paid In Cash
DividendsPaidInCash
-3590000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
292000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
279000 usd
CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
29000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
56000 usd
CY2023 fmbm Repayment Of Long Term Debt
RepaymentOfLongTermDebt
0 usd
CY2022 fmbm Repayment Of Long Term Debt
RepaymentOfLongTermDebt
15000000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36568000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
54827000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-11236000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-53168000 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
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23717000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34953000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
23367000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
7441000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
360000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
32000 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
10984000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-48924000 usd
CY2023 fmbm Adjustment For Long Term Intercompany Transaction Net Of Tax
AdjustmentForLongTermIntercompanyTransactionNetOfTax
1524000 usd
CY2022 fmbm Adjustment For Long Term Intercompany Transaction Net Of Tax
AdjustmentForLongTermIntercompanyTransactionNetOfTax
0 usd
CY2023 fmbm Minimum Pension Liability Adjustment Net
MinimumPensionLiabilityAdjustmentNet
318000 usd
CY2022 fmbm Minimum Pension Liability Adjustment Net
MinimumPensionLiabilityAdjustmentNet
3730000 usd
CY2023 fmbm Transfer Held To Maturity Security From Subsidiary To Bank Available For Sale Portfolio
TransferHeldToMaturitySecurityFromSubsidiaryToBankAvailableForSalePortfolio
125000 usd
CY2022 fmbm Transfer Held To Maturity Security From Subsidiary To Bank Available For Sale Portfolio
TransferHeldToMaturitySecurityFromSubsidiaryToBankAvailableForSalePortfolio
0 usd
CY2023 fmbm Transfer To Others Real Estate
TransferToOthersRealEstate
0 usd
CY2022 fmbm Transfer To Others Real Estate
TransferToOthersRealEstate
197000 usd
CY2023Q4 fmbm Net Of Tax Recorded To Shareholders Equity
NetOfTaxRecordedToShareholdersEquity
1200000 usd
CY2023 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
777000 usd
CY2023 fmbm Unfunded Loan Commitments Amount
UnfundedLoanCommitmentsAmount
747000 usd
CY2023 fmbm Net Decrease To Retained Earnings Amount
NetDecreaseToRetainedEarningsAmount
1200000 usd
CY2023 fmbm Debt Securities Available For Sale Accrued Interest
DebtSecuritiesAvailableForSaleAccruedInterest
1500000 usd
CY2023 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
3600000 usd
CY2023 fmbm Description Related To Nonaccrual Loans
DescriptionRelatedToNonaccrualLoans
loans on nonaccrual status over $250,000 on an individual basis
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Reclassifications - </em></strong>The accompanying consolidated financial statements and notes reflect certain immaterial reclassifications in prior periods to conform to the current presentation.</p>
CY2023Q4 fmbm Unfunded Loan Commitmentsreserve
UnfundedLoanCommitmentsreserve
1500000 usd
CY2023 fmbm Available For Sale Securities Gross Realizedgains
AvailableForSaleSecuritiesGrossRealizedgains
0 usd
CY2022 fmbm Available For Sale Securities Gross Realizedgains
AvailableForSaleSecuritiesGrossRealizedgains
0 usd
CY2023Q4 fmbm Available For Sale Of Pledged Securities
AvailableForSaleOfPledgedSecurities
220800000 usd
CY2023Q4 fmbm Pledged Securities Discount Window
PledgedSecuritiesDiscountWindow
20000000.0 usd
CY2023Q4 fmbm Pledged Securities Discount Window Market Value
PledgedSecuritiesDiscountWindowMarketValue
19500000 usd
CY2023Q4 fmbm Loans Held For Sale Fair Value Disclosures
LoansHeldForSaleFairValueDisclosures
1100000 usd
CY2022Q4 fmbm Loans Held For Sale Fair Value Disclosures
LoansHeldForSaleFairValueDisclosures
1400000 usd
CY2023Q4 fmbm Accrued Interest Receivable On Loans Held For Investment
AccruedInterestReceivableOnLoansHeldForInvestment
3600000 usd
CY2023Q4 fmbm Pledged Loans
PledgedLoans
289100000 usd
CY2022Q4 fmbm Pledged Loans
PledgedLoans
209800000 usd
CY2023 fmbm Impairment Description
ImpairmentDescription
The Company individually assessed for impairment all substandard loans greater than $500,000 and all troubled debt restructurings
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
672000 usd
CY2023Q4 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
CY2023Q4 fmbm Deferred Loan Fees Net Of Costs Non Accruel Loans
DeferredLoanFeesNetOfCostsNonAccruelLoans
0 usd
CY2022Q4 fmbm Deferred Loan Fees Net Of Costs Thirty To Fifty Nine Days Past Due
DeferredLoanFeesNetOfCostsThirtyToFiftyNineDaysPastDue
0 usd
CY2023Q4 fmbm Deferred Loan Fees Net Of Costs Greater Than Ninety Days
DeferredLoanFeesNetOfCostsGreaterThanNinetyDays
0 usd
CY2023Q4 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
CY2023Q4 fmbm Gross Loans Net Of Costs3059 Days Past Due
GrossLoansNetOfCosts3059DaysPastDue
5743000 usd
CY2023Q4 fmbm Gross Loans Net Of Costs6089 Days Past Due
GrossLoansNetOfCosts6089DaysPastDue
1927000 usd
CY2023Q4 fmbm Gross Loans Net Of Costs Greater Than90 Days
GrossLoansNetOfCostsGreaterThan90Days
31000 usd
CY2023Q4 fmbm Less Deferred Loan Fees Net Of Costs Current
LessDeferredLoanFeesNetOfCostsCurrent
808625000 usd
CY2023Q4 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
6400000 usd
CY2022Q4 us-gaap Net Investment In Lease Nonaccrual
NetInvestmentInLeaseNonaccrual
2200000 usd
CY2023Q4 fmbm Long Term Investments Total
LongTermInvestmentsTotal
822092000 usd
CY2023Q4 fmbm Allowance For Credit Losses On Loans Ending Balance
AllowanceForCreditLossesOnLoansEndingBalance
8321000 usd
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
18387000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
23635000 usd
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
197000 usd
CY2023 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
0 usd
CY2023 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
0 usd
CY2023Q4 fmbm Recorded Investments Of Consumer Mortgage Loans
RecordedInvestmentsOfConsumerMortgageLoans
613000 usd
CY2023 fmbm Maturity Of Deposits
MaturityOfDeposits
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">165,760</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">2025</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">41,336</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">2026</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,696</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">2027</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,013</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">2028 </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,718</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Thereafter</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 15px; text-align:justify;">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">214,523</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q4 fmbm Time Deposit Maturities Year Next Twelve Months
TimeDepositMaturitiesYearNextTwelveMonths
165760000 usd
CY2023Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
41336000 usd
CY2023Q4 fmbm Maturities Amount Time Deposit
MaturitiesAmountTimeDeposit
214523000 usd
CY2023 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
59185000 usd
CY2023 fmbm Short Term Debt Percentage Bearing Interest Rate
ShortTermDebtPercentageBearingInterestRate
0.0510 pure
CY2022 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
70000000 usd
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
26124000 usd
CY2022 fmbm Short Term Debt Percentage Bearing Interest Rate
ShortTermDebtPercentageBearingInterestRate
0.0282 pure
CY2023 fmbm Commitments Outstanding
CommitmentsOutstanding
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Commitments to extend credit</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">253,816</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">265,976</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Standby letters of credit</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,911</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,696</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
253816000 usd
CY2022Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
265976000 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2911000 usd
CY2023Q4 fmbm Assets At Fair Value
AssetsAtFairValue
369874000 usd
CY2023Q4 fmbm Forward Sales Commitments
ForwardSalesCommitments
22000 usd
CY2023Q4 fmbm Total Fair Value Of Liabilities
TotalFairValueOfLiabilities
22000 usd
CY2022Q4 fmbm Loans Held For Sale
LoansHeldForSale
1373000 usd
CY2022Q4 fmbm Us Treasury Securities
USTreasurySecurities
36643000 usd
CY2022Q4 fmbm Us Government Sponsored Enterprises Two
USGovernmentSponsoredEnterprisesTwo
129748000 usd
CY2022Q4 fmbm Securities Issued By States And Political Subdivisions In The Us
SecuritiesIssuedByStatesAndPoliticalSubdivisionsInTheUS
42198000 usd
CY2022 fmbm Security Loss
SecurityLoss
2900000 usd
CY2022 fmbm Unrealized Gains On Available For Securities Sale
UnrealizedGainsOnAvailableForSecuritiesSale
599000 usd
CY2023 fmbm Description Of Capital Conservation Buffers
DescriptionOfCapitalConservationBuffers
Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer requirement is 2.50%. The Company’s capital conservation buffer for 2023 was 4.58% and for 2022 was 5.64%
CY2023Q4 fmbm Loans Held For Sale
LoansHeldForSale
1119000 usd
CY2023Q4 fmbm Us Treasury Securities
USTreasurySecurities
32881000 usd
CY2023Q4 fmbm Us Government Sponsored Enterprises Two
USGovernmentSponsoredEnterprisesTwo
124703000 usd
CY2023Q4 fmbm Securities Issued By States And Political Subdivisions In The Us
SecuritiesIssuedByStatesAndPoliticalSubdivisionsInTheUS
38761000 usd
CY2023Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
145073000 usd
CY2023Q4 fmbm Corporate Debt Securities
CorporateDebtSecurities
27256000 usd
CY2023Q4 fmbm Irlc
IRLC
81000 usd
CY2022Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
156875000 usd
CY2022Q4 fmbm Corporate Debt Securities
CorporateDebtSecurities
26631000 usd
CY2022Q4 fmbm Forward Sales Commitments
ForwardSalesCommitments
186000 usd
CY2022Q4 fmbm Assets At Fair Value
AssetsAtFairValue
393654000 usd
CY2022Q4 fmbm Irlc
IRLC
92000 usd
CY2022Q4 fmbm Total Fair Value Of Liabilities
TotalFairValueOfLiabilities
92000 usd
CY2023Q4 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
3060000 usd
CY2023Q4 fmbm Other Real Estate And Foreclosed Assets Other
OtherRealEstateAndForeclosedAssetsOther
55000 usd
CY2022Q4 fmbm Impairedloans Fair Value Disclosure Non Recurring
ImpairedloansFairValueDisclosureNonRecurring
2590000 usd
CY2023Q4 us-gaap Cash
Cash
23717000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
368674000 usd
CY2023Q4 fmbm Loans Heldr Sale
LoansHeldrSale
1119000 usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
793440000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5034000 usd
CY2023Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
22878000 usd
CY2023Q4 fmbm Irlc
IRLC
81000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
1131747000 usd
CY2023Q4 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
60000000 usd
CY2023Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
6761000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1592000 usd
CY2023Q4 fmbm Forward Sales Commitments
ForwardSalesCommitments
22000 usd
CY2022Q4 us-gaap Cash
Cash
34953000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
392220000 usd
CY2022Q4 fmbm Loans Heldr Sale
LoansHeldrSale
1373000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
720806000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3995000 usd
CY2022Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
23554000 usd
CY2022Q4 fmbm Forward Sales Commitments
ForwardSalesCommitments
186000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
1080909000 usd
CY2022Q4 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
70000000 usd
CY2022Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
6778000 usd
CY2022Q4 fmbm Irlc
IRLC
92000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
295000 usd
CY2022Q4 fmbm Benefit Obligation Beginning
BenefitObligationBeginning
8011000 usd
CY2023 us-gaap Increase Decrease In Postemployment Obligations
IncreaseDecreaseInPostemploymentObligations
0 usd
CY2023 fmbm Increase Decrease In Settlement Gain
IncreaseDecreaseInSettlementGain
-173000 usd
CY2022 fmbm Increase Decrease In Settlement Gain
IncreaseDecreaseInSettlementGain
0 usd
CY2023 fmbm Defined Benefit Plan Benefits Paid1
DefinedBenefitPlanBenefitsPaid1
-1194000 usd
CY2022 fmbm Defined Benefit Plan Benefits Paid1
DefinedBenefitPlanBenefitsPaid1
-1145000 usd
CY2023 fmbm Fair Value Of Plan Assets Ending
FairValueOfPlanAssetsEnding
7502000 usd
CY2022 fmbm Fair Value Of Plan Assets Ending
FairValueOfPlanAssetsEnding
7787000 usd
CY2023 fmbm Defined Benefit Plan Funded Status Of Plan1
DefinedBenefitPlanFundedStatusOfPlan1
432000 usd
CY2022 fmbm Defined Benefit Plan Funded Status Of Plan1
DefinedBenefitPlanFundedStatusOfPlan1
-224000 usd
CY2023 fmbm Defined Benefit Plan Accrued Prepaid Benefit Cost
DefinedBenefitPlanAccruedPrepaidBenefitCost
-526000 usd
CY2023 fmbm Defined Benefit Plan Unfunded Pension Benefit Obligation
DefinedBenefitPlanUnfundedPensionBenefitObligation
959000 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-254000 usd
CY2022 fmbm Totalrecognizedinothercomprehensiveincome
Totalrecognizedinothercomprehensiveincome
-4722000 usd
CY2023 fmbm Defined Benefit Plan Accumulated Benefit Obligation1
DefinedBenefitPlanAccumulatedBenefitObligation1
7070000 usd
CY2022 fmbm Defined Benefit Plan Accumulated Benefit Obligation1
DefinedBenefitPlanAccumulatedBenefitObligation1
8011000 usd
CY2023 fmbm Defined Benefit Plan Vested Benefit Obligation
DefinedBenefitPlanVestedBenefitObligation
7070000 usd
CY2023 fmbm Net Periodic Benefit Cost
NetPeriodicBenefitCost
150000 usd
CY2023Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
0.60 pure
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
200000 shares
CY2023Q4 fmbm Treasury Common Stock Shares
TreasuryCommonStockShares
33568000 shares
CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
597000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-946000 usd
CY2023Q4 fmbm Allowance For Unfunded Commitments Deferred Tax Assets
AllowanceForUnfundedCommitmentsDeferredTaxAssets
146000 usd
CY2022Q4 fmbm Allowance For Unfunded Commitments Deferred Tax Assets
AllowanceForUnfundedCommitmentsDeferredTaxAssets
0 usd
CY2022Q4 fmbm Deferred Tax Assets Tax Low Income Housing Partnerships Losses
DeferredTaxAssetsTaxLowIncomeHousingPartnershipsLosses
375000 usd
CY2022Q4 fmbm Prepaid Pension
PrepaidPension
45000 usd
CY2023Q4 fmbm Investment In Limited Liability Companies Deferred Tax Liabilities
InvestmentInLimitedLiabilityCompaniesDeferredTaxLiabilities
47000 usd
CY2022Q4 fmbm Investment In Limited Liability Companies Deferred Tax Liabilities
InvestmentInLimitedLiabilityCompaniesDeferredTaxLiabilities
0 usd
CY2023Q4 fmbm Deferred Tax Liability Right Of Use Asset
DeferredTaxLiabilityRightOfUseAsset
142000 usd
CY2022Q4 fmbm Deferred Tax Liability Right Of Use Asset
DeferredTaxLiabilityRightOfUseAsset
165000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1732000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1405000 usd
CY2023Q4 fmbm Net Deferred Tax Asset Included In Other Assets On Balance Sheet
NetDeferredTaxAssetIncludedInOtherAssetsOnBalanceSheet
10141000 usd
CY2023 fmbm Differences In Actual Income Tax Expense And Amounts Computed Using Federal Statutory Tax Rates
DifferencesInActualIncomeTaxExpenseAndAmountsComputedUsingFederalStatutoryTaxRates
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Tax expense at federal statutory rates</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">425</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,848</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Increases (decreases) in taxes resulting from:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Tax-exempt income</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(288</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(228</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">LIH and historic credits</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(853</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(868</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Other</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(30</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">(272</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total Income Tax (Benefit) Expense</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">(746</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: black 3px double;width:9%;vertical-align:bottom;text-align:right;">480</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023 dei Auditor Firm
AuditorFirmId
613

Files In Submission

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