F&M Bank Corp (FMBM) Financial Statements (2024 and earlier)

Company Profile

Business Address P.O. BOX 1111
TIMBERVILLE, VA 22853
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,111,00031,273,00034,953,00030,312,00017,254,00048,376
Cash and cash equivalents17,111,00031,273,00034,953,00030,312,00017,254,00048,376
Receivables   3,995,000699,592,000690,497,000 
Total current assets:17,111,00031,273,00038,948,000729,904,000707,751,00048,376
Noncurrent Assets
Operating lease, right-of-use asset    909,000842,000889,000
Property, plant and equipment24,132,00019,971,00019,587,00018,933,00018,901,00018,684
Long-term investments and receivables776,260,000756,920,000720,806,0005,221,0004,584,000 
Long-term investments776,260,000756,920,000720,806,0005,221,0004,584,000 
Intangible assets, net (including goodwill)3,082,0003,082,0003,082,0003,082,0003,082,0003,082
Goodwill3,082,0003,082,0003,082,0003,082,0003,082,0003,082
Total noncurrent assets:803,474,000779,973,000743,475,00028,145,00027,409,000910,766
Other undisclosed assets457,785,000441,629,000463,479,000478,600,000496,392,000279,117
TOTAL ASSETS:1,278,370,0001,252,875,0001,245,902,0001,236,649,0001,231,552,0001,238,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   3,400,000   
Accrued liabilities   3,400,000   
Debt53,911,00061,901,000160,000,00030,000,00030,000,000 
Other liabilities15,153,00013,104,000    
Total current liabilities:69,064,00075,005,000163,400,00030,000,00030,000,000 
Noncurrent Liabilities
Long-term debt and lease obligation6,900,0006,900,0006,890,0006,879,00011,788,00021,780
Long-term debt, excluding current maturities6,900,0006,900,0006,890,0006,879,00011,788,00021,780
Total noncurrent liabilities:6,900,0006,900,0006,890,0006,879,00011,788,00021,780
Other undisclosed liabilities1,130,212,0001,098,335,0001,004,820,0001,134,093,0001,117,814,0001,128,494
Total liabilities:1,206,176,0001,180,240,0001,175,110,0001,170,972,0001,159,602,0001,150,274
Equity
Equity, attributable to parent72,194,00072,635,00070,792,00065,677,00071,950,00087,985
Common stock17,228,00017,207,00017,149,00017,135,00017,121,00017,110
Additional paid in capital10,822,00010,693,00010,577,00010,467,00010,351,00010,240
Accumulated other comprehensive loss(37,225,000)(37,296,000)(40,012,000)(44,204,000)(36,400,000)(19,351)
Retained earnings81,369,00082,031,00083,078,00082,279,00080,878,00079,986
Total equity:72,194,00072,635,00070,792,00065,677,00071,950,00087,985
TOTAL LIABILITIES AND EQUITY:1,278,370,0001,252,875,0001,245,902,0001,236,649,0001,231,552,0001,238,259

Income Statement (P&L) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues11,723,00028,00034,534,000340,000338,000234
Net investment income11,608,00010,960,000 77,00046,00054
Other operating income115,000243,000    
Other income    263,000292,000180
Gross profit:11,723,00028,00034,534,000340,000338,000234
Operating expenses(6,150,000)(4,639,000)(3,922,000)(4,648,000)(4,754,000)(4,646)
Operating income (loss):5,573,000(4,611,000)30,612,000(4,308,000)(4,416,000)(4,412)
Nonoperating income622,000179,000179,000178,00076,000171
Investment income, nonoperating     (97,000) 
Bank owned life insurance income622,000179,000179,000178,000173,000171
Interest and debt expense(5,855,000)(5,146,000)(3,353,000)(1,881,000)(1,007,000)(1,004)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (25,541,000)8,552,0007,267,0007,685
Income (loss) from continuing operations before equity method investments, income taxes:340,000(9,578,000)1,897,0002,541,0001,920,0002,440
Other undisclosed income (loss) from continuing operations before income taxes(530,000)10,582,000    
Income (loss) from continuing operations before income taxes:(190,000)1,004,0001,897,0002,541,0001,920,0002,440
Income tax expense (benefit)431,00051,000(200,000)(237,000)(131,000)88
Other undisclosed income from continuing operations      2,525,472
Income from continuing operations:241,0001,055,0001,697,0002,304,0001,789,0002,528,000
Income before gain (loss) on sale of properties:2,304,0001,789,0002,528,000
Other undisclosed net income (loss)  (2,110,000)13,242,000   
Net income (loss):241,000(1,055,000)14,939,0002,304,0001,789,0002,528,000
Other undisclosed net income (loss) attributable to parent  2,110,000(13,242,000)  (2,525,472)
Net income attributable to parent:241,0001,055,0001,697,0002,304,0001,789,0002,528
Other undisclosed net income available to common stockholders, basic      2,525,472
Net income available to common stockholders, basic:241,0001,055,0001,697,0002,304,0001,789,0002,528,000
Other undisclosed net loss available to common stockholders, diluted      (2,525,472)
Net income available to common stockholders, diluted:241,0001,055,0001,697,0002,304,0001,789,0002,528

Comprehensive Income (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):241,000(1,055,000)14,939,0002,304,0001,789,0002,528,000
Other comprehensive income (loss)71,0002,716,0004,192,000(7,804,000)17,049,000 
Comprehensive income (loss):312,0001,661,00019,131,000(5,500,000)18,838,0002,528,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  2,110,000  (34,098,000)(2,539,731)
Comprehensive income (loss), net of tax, attributable to parent:312,0003,771,00019,131,000(5,500,000)(15,260,000)(11,731)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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