FMBM on OTC

F&M BANK CORP

F&M BANK CORP is an American state commercial bank that raised $10 million in 2025 (SEC Form D).2 It is headquartered in West Point, United States.2 Its shares trade on OTC under the symbol FMBM.2

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Last updated Oct 20, 2026.

Overview

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  • TickerFMBM on OTC2
  • IndustryState Commercial Banks2
  • HeadquartersWest Point, United States2
  • Incorporated inVA3
  • Business addressP.O. Box 1111, Timberville, Va 228533
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300THLH8NJUNMGF132
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address204 North Main Street, 68788 West Point, United States2
  • Registered withFederal Deposit Insurance Corporation, 149222

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F & M Bank Corp. (the “Company”), incorporated in Virginia in 1983, is a one-bank holding company under the Bank Holding Company Act of 1956 that has elected to become a financial holding company. The Company owns 100% of the outstanding stock of its banking subsidiary, Farmers & Merchants Bank (“Bank”) and VSTitle, LLC (“VST”). VBS Mortgage, LLC (“F&M Mortgage”), is a wholly owned subsidiary of the Bank. Effective on May 15, 2025, the operations, assets, and liabilities of VBS Mortgage, LLC (dba “F&M Mortgage”) were transferred to the Bank. Farmers & Merchants Financial Services, Inc. (“FMFS”) was formerly a wholly owned subsidiary of the Bank. FMFS was dissolved effective April 25, 2024, and its legal existence was subsequently terminated on June 7, 2024. The operations, assets, and liabilities of FMFS were transferred to the Bank. The Company’s and the Bank’s headquarters are located …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5678910$11.2M in 2025+142% since 2019
0$5.0M$10.0M$15.0M2019: $4.6M$4.6M20192020: $8.9M$8.9M2020+92%2021: $10.7M$10.7M2021+21%2022: $8.3M$8.3M2022−23%2023: $2.8M$2.8M2023−67%2024: $7.3M$7.3M2024+163%2025: $11.2M$11.2M2025+54%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
Interest and fees on loans held for investment$55.8M$54.7M
Interest from loans held for sale$135.0K$162.0K
Interest from money market funds and federal funds sold$2.3M$1.5M
Interest and dividends on interest bearing deposits and other investments$238.0K$470.0K
Interest from debt securities$9.3M$7.6M
Total interest and dividend income$67.8M$64.5M
Total interest on deposits$25.6M$28.2M
Interest from short-term debt$5.0K$1.9M
Interest from long-term debt$597.0K$463.0K
Total interest expense$26.2M$30.6M
Net Interest Income$41.5M$33.9M
Provision for Credit Losses$2.7M$2.3M
Net Interest Income After Provision for Credit Losses$38.8M$31.6M
Service charges on deposit accounts$1.3M$1.2M
Wealth management income$2.2M$2.2M
Mortgage banking income$1.9M$2.5M
Title insurance income$1.9M$1.5M
Income on bank owned life insurance$787.0K$750.0K
Low-income housing partnership losses-$786.0K-$786.0K
ATM and check card fees$3.4M$3.1M
Gain on sale of limited partnership investment$98.0K$0
Other operating income$386.0K$348.0K
Total noninterest income$11.2M$10.8M
Salaries$16.0M$15.4M
Employee benefits$3.9M$3.0M
Occupancy expense$1.5M$1.5M
Equipment expense$1.2M$1.3M
FDIC assessment$943.0K$1.0M
Legal and professional expense$2.1M$1.8M
ATM and check card fees$1.3M$1.1M
Data processing fees$3.7M$3.7M
Other operating expenses$6.2M$5.6M
Total noninterest expense$37.0M$34.4M
Income before income taxes$13.0M$7.9M
Income tax expense$1.7M$638.0K
Net income$11.2M$7.3M
Net income (basic and diluted)$3.16$2.07
Cash dividends on common stock$1.04$1.04
Weighted average common shares outstanding (basic and diluted)3.6M shares3.5M shares

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Corporate structure

F&M BANK CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of F&M BANK CORP

  • Fourthstone LLC Filed SCHEDULE 13G/A on F&M BANK CORP, latest Aug 14, 2026 (5 filings since Feb 14, 2024)
  • F&M BANK CORP West Point, Nebraska, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What F&M BANK CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$5.1M10 Dec 31, 2025$4.7M10 Dec 31, 2024+6.9%
Buildings and improvements$18.0M10 Dec 31, 2025$18.0M10 Dec 31, 2024+0.1%
Furniture and fixtures$14.0M10 Dec 31, 2025$13.8M10 Dec 31, 2024+1.4%
Property and equipment, before depreciation$37.0M10 Dec 31, 2025$36.5M10 Dec 31, 2024+1.5%
Accumulated depreciation$15.4M10 Dec 31, 2025$14.3M10 Dec 31, 2024+7.8%
Property and equipment, net$21.6M10 Dec 31, 2025$22.2M10 Dec 31, 2024−2.5%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, at cost$010 Dec 31, 2025$77.0K10 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$345.3M10 Dec 31, 2025$327.7M10 Dec 31, 2024+5.4%
Long-term investments$871.2M10 Dec 31, 2025$808.8M10 Dec 31, 2024+7.7%
Loans, net of allowance$878.4M10 Dec 31, 2025$831.8M10 Dec 31, 2024+5.6%
Deposits held (banks)$1.2B10 Dec 31, 2025$1.2B10 Dec 31, 2024+4.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.1M10 Dec 31, 2025$3.1M10 Dec 31, 20240%

Properties, in its own words

The Company owns or leases buildings that are used in the normal course of business. The Company’s corporate headquarters are located at 205 South Main Street, Timberville, Virginia 22853. At December 31, 2025, the Bank operated fourteen branches and a dealer finance division in the Shenandoah Valley of Virginia. See Note 1 “Nature of Banking Activities and Significant Accounting Policies” and Note 5 “Bank Premises and Equipment” and Note 6 “Leases” in Notes to the Consolidated Financial Statements for information with respect to the amounts at which bank premises and equipment are carried and commitments under long-term leases.

Item 2 of the 10-K filed Mar 27, 2026.4

Leadership

Who has led F&M BANK CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Christopher Hanna2018–2020
  2. Aubrey M. Wilkerson2023–now

Chair

  1. Julian D. Fisher2006–2010
  2. Thomas L. Cline2011–2015
  3. Ellen R. Fitzwater2018

President

  1. Dean W. Withers2007–2017
  2. Mark Christopher Hanna2018–2020
  3. Barton E. Black2024–now

Chief financial officer

  1. Neil W. Hayslett2006–2013
  2. Carrie A. Comer2014–2020
  3. Lisa F. Campbell2023–now

Chief operating officer

  1. Neil W. Hayslett2018–2019
2010201520202025
Board members and other officers (32)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorJohn A. Willingham named Oct 31, 202555

Timeline

  1. Sep 28, 20268-K Executive or director change56
  2. Sep 9, 20268-K Regulation FD disclosure57
  3. Aug 26, 20268-K Executive or director change58
  4. Jul 30, 20268-K Results of operations59
  5. Jul 14, 20268-K Other events60
  6. May 27, 20268-K Executive or director change61
  7. May 19, 20268-K Shareholder vote62
  8. May 15, 20268-K Regulation FD disclosure63
  9. May 5, 20268-K Other events64
  10. Apr 29, 20268-K Results of operations65
  11. Feb 9, 20268-K Executive or director change66
  12. Feb 2, 20268-K Results of operations67
  13. Dec 22, 2023New chief executive Aubrey M. Wilkerson becomes CEO13
  14. Aug 1, 2018New chief executive Mark Christopher Hanna becomes CEO14
  15. Dec 31, 1930Founded F&M BANK CORP is founded2

Calendar

Coming up

  1. Around Oct 30, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results59
  2. Apr 29, 2026Reported quarterly or annual results65
  3. Feb 2, 2026Reported quarterly or annual results67
  4. Oct 29, 2025Reported quarterly or annual results68
  5. Jul 31, 2025Reported quarterly or annual results69
  6. Apr 30, 2025Reported quarterly or annual results70
  7. Jan 30, 2025Reported quarterly or annual results71
  8. Nov 13, 2024Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

484 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 58 major events, 388 insider forms, 5 large holders, 1 private raises, 11 other. The latest 20:

  1. Oct 1, 2026S-8 EDGAR
  2. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 28, 20268-K EDGAR
  10. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 9, 20268-K EDGAR
  13. Aug 27, 20263 PRIMARY DOCUMENT EDGAR
  14. Aug 27, 20264/A PRIMARY DOCUMENT EDGAR
  15. Aug 27, 20264/A PRIMARY DOCUMENT EDGAR
  16. Aug 27, 20264/A PRIMARY DOCUMENT EDGAR
  17. Aug 26, 20264/A PRIMARY DOCUMENT EDGAR
  18. Aug 26, 20268-K EDGAR
  19. Aug 25, 20264/A PRIMARY DOCUMENT EDGAR
  20. Aug 25, 20264/A PRIMARY DOCUMENT EDGAR

The 484 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

370 open-market trades by officers, directors and large owners since October 2021: 368 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 18, 2026Harrison Bret V.DirectorBuy228$36.10$8.2KForm 4
Jun 18, 2026Houff Neil A.DirectorBuy171$36.10$6.2KForm 4
Jun 18, 2026Hutman Hannah W.DirectorBuy171$36.10$6.2KForm 4
Jun 18, 2026Keeler Anne BDirectorBuy171$36.10$6.2KForm 4
Jun 18, 2026WRAY PETER HDirectorBuy171$36.10$6.2KForm 4
Jun 18, 2026BURKHOLDER EDWARD RAYDirectorBuy247$36.10$8.9KForm 4
Jun 18, 2026Runion Christopher S.DirectorBuy171$36.10$6.2KForm 4
Jun 18, 2026Willingham John A.DirectorBuy77$36.10$2.8KForm 4
May 13, 2026Eberly Paul E.EVP/Chief Lending OfficerSale1,000$33.38$33.4KForm 4
May 12, 2026WITHERS DEAN WDirectorBuy127$34.50$4.4KForm 4
May 11, 2026WITHERS DEAN WDirectorBuy2,000$34.50$69.0KForm 4
Mar 19, 2026McHaffa Evan S.EVP/Chief Credit OfficerBuy650$30.59$19.9KForm 4
Mar 19, 2026Harrison Bret V.DirectorBuy269$30.59$8.2KForm 4
Mar 19, 2026Houff Neil A.DirectorBuy202$30.59$6.2KForm 4
Mar 19, 2026Driest Charles C.EVP/Chief Experience OfficerBuy1,524$30.59$46.6KForm 4
Mar 19, 2026Hutman Hannah W.DirectorBuy202$30.59$6.2KForm 4
Mar 19, 2026Emswiler Melody D.EVP/Chief Human ResourcesBuy1,321$30.59$40.4KForm 4
Mar 19, 2026Eberly Paul E.EVP/Chief Lending OfficerBuy1,651$30.59$50.5KForm 4
Mar 19, 2026Black Barton E.PresidentBuy3,000$30.59$91.8KForm 4
Mar 19, 2026Wilkerson Aubrey M.CEOBuy4,193$30.59$128.3KForm 4

All 370 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Aubrey M. (Mike) Wilkerson$388.2K$754.4K74
2025Barton E. Black$340.6K$588.4K74
2025Lisa F. Campbell$296.9K$508.7K74
2024Chief Executive Officer$366.4K$624.7K74
2024President$318.3K$504.6K74
2024EVP & Chief Financial Officer$268.5K$413.7K74

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 24, 2025Raised $10 million in a private offering of debt Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Cutler Capital Management, LLC134,364$4.9M1.5%−1,500
PL Capital Advisors, LLC35,213$1.3M0.4%+60

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How F&M BANK CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARF&M BANK CORP1
  • CIK0000740806
  • Employer ID (EIN)54-12808114
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inVirginia4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressP.O. Box 1111, Timberville, VA 228531
  • Mailing addressP. O. Box 1111, Timberville, VA 228531
  • Phone540-896-89411
  • Shares outstanding3,586,733 as of Aug 10, 202612
  • Public float$66.3M as of Jun 30, 20254
  • AuditorElliott Davis, PLLC, Raleigh, North Carolina PCAOB ID 149; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 12, 19951
  • Filings1,346 in all: 4 (832), 8-K (182), 10-Q (80), 5 (31), DEF 14A (31), 10-K (26), 3 (22), 4/A (22)1
    All 36 form types

    ARS (18), 10QSB (15), CORRESP (12), UPLOAD (10), SC 13G/A (8), 8-K/A (7), 10KSB (5), EFFECT (5), S-8 (4), DEFA14A (3), POS AM (3), PRE 14A (3), S-1/A (3), SC 13G (3), SCHEDULE 13G/A (3), 10-K/A (2), 3/A (2), 424B1 (2), D (2), S-1 (2), 10-Q/A (1), 10QSB/A (1), 424B3 (1), DEFR14A (1), FWP (1), NT 10-Q (1), S-3D (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 13, 2026
    Latest 8-K (8-K) Sep 28, 2026

Risk factors and legal proceedings

Legal proceedings

In the normal course of business, the Company may become involved in litigation arising from banking, financial, or other activities of the Company. Management, after consultation with legal counsel, does not anticipate that the ultimate outcome in such legal proceedings, in the aggregate, will have a material adverse effect on the Company’s business, financial condition, or results of operations.

The opening of Item 3, Legal Proceedings.4

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