F&M Bank Corp (FMBM) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments492185761112169
Cash and cash equivalents8878761112169
Short-term investments404107     
Receivables6663603639617592544
Deferred tax assets1122
Total current assets:1,158188679651630610554
Noncurrent Assets
Operating lease, right-of-use asset  1
Property, plant and equipment1718191816108
Long-term investments and receivables4639     
Long-term investments4639     
Intangible assets, net (including goodwill)31433333
Goodwill3333333
Intangible assets, net (excluding goodwill) 11     
Total noncurrent assets:246712321191310
Other undisclosed assets38108112109104122101
TOTAL ASSETS:1,219967814780753745665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4      
Accrued liabilities4      
Interest and dividends payable0      
Debt001040254025
Total current liabilities:401040254025
Noncurrent Liabilities
Long-term debt and lease obligation2233534050640
Long-term debt, excluding current maturities2233534050640
Liabilities, other than long-term debt1,092      
Lease deposit liability1,092  
Total noncurrent liabilities:1,11433534050640
Other undisclosed liabilities0838659608587554557
Total liabilities:1,119871722688662658582
Stockholders' equity
Stockholders' equity attributable to parent, including:100969292918783
Preferred stock 556889
Common stock17161616161616
Additional paid in capital10788101111
Accumulated other comprehensive loss(5)(3)(3)(4)(4)(3)(3)
Retained earnings78716666615548
Other undisclosed stockholders' equity attributable to parent  11111
Total stockholders' equity:100969292918783
TOTAL LIABILITIES AND EQUITY:1,219967814780753745665

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues33354643373531
Net investment income33343836343229
Cost of revenue (3)(7)(3)  (0)
Provision for loan, lease, and other losses (3)(7)(3)
Financial services costs  (0)
Gross profit:33323940373530
Operating expenses(17)(17)(24)(19)(14)(10)(9)
Operating income:16151521232521
Nonoperating income1111000
Bank owned life insurance income1111000
Interest and debt expense(4)(6)(7)(5)(4)(4)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)0(5)(7)(6)(9)(7)
Income from continuing operations before equity method investments, income taxes:1210410131311
Loss from equity method investments  (1)(1)(1)(1) 
Income from continuing operations before income taxes:121049131211
Income tax expense (benefit)(1)(1)0(1)(4)(3)(3)
Other undisclosed income from continuing operations  1111 
Income before gain (loss) on sale of properties:119599109
Extraordinary item, loss(0)(0)
Other undisclosed net income      0
Net income:119599109
Net loss attributable to noncontrolling interest (0)(0)(0)(0)(0)(0)
Other undisclosed net income attributable to parent 0   0 
Net income attributable to parent:119599108
Other undisclosed net loss available to common stockholders, basic (0)(0)(0)(0)(1)(1)
Net income available to common stockholders, basic:11949998
Other undisclosed net loss available to common stockholders, diluted(0)(0)     
Net income available to common stockholders, diluted:11949998

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:119599109
Other comprehensive income (loss)1010(0)(0)(0)
Other undisclosed comprehensive loss (9)     
Comprehensive income:11059999
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(5)(9)(9)(9)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)910(0)(0)(9)
Comprehensive income (loss), net of tax, attributable to parent:9910(0)(0)(0)

Statements sources

The financial statements are based on the company's filings with the 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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