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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest and Dividend Income      
Interest and fees on loans held for investment $ 25,964,303 $ 25,955,716 $ 25,393,347
Interest on loans held for sale 1,331,055 1,300,373 1,169,228
Interest on deposits and federal funds sold 58,385 46,715 23,533
Interest on debt securities 193,554 369,932 697,982
Dividends on equity securities 132,882 197,737 231,838
Total Interest and dividend income 27,680,179 27,870,473 27,515,928
Interest expense      
Interest on demand deposits 1,598,793 1,939,352 1,306,439
Interest on savings deposits 191,428 190,838 202,027
Interest on time deposits over One Hundred Thousand Dollars 1,163,079 1,120,415 1,551,360
Interest on all other time deposits 2,443,329 3,305,294 4,742,443
Total interest on deposits 5,396,629 6,555,899 7,802,269
Interest on short-term debt 40,288 28,485 77,818
Interest on long-term debt 2,281,734 2,421,159 2,302,246
Total Interest Expense 7,718,651 9,005,543 10,182,333
Net interest income 19,961,528 18,864,930 17,333,595
Provision for loan losses 4,000,000 4,300,000 4,210,000
Net interest income after provision for loan losses 15,961,528 14,564,930 13,123,595
Noninterest income      
Service charges on deposit accounts 1,102,909 1,193,081 1,292,965
Insurance and other commissions 548,548 548,828 476,734
Other operating income 1,173,371 1,260,900 1,086,890
Income on bank owned life insurance 353,367 336,727 330,756
Other than temporary impairment losses 0 (65,158) (1,751,169)
Gain (loss) on the sale of securities 1,024,539 413,970 (2,424)
Total noninterest income 4,202,734 3,688,348 1,433,752
Noninterest expense      
Salaries 5,537,557 5,126,414 5,037,699
Employee benefits 1,790,665 1,615,222 1,690,834
Occupancy expense 543,220 551,334 563,923
Equipment expense 593,483 590,822 592,075
Amortization of intangibles 45,771 275,942 275,942
FDIC insurance assessment 771,696 1,207,333 934,864
Other real estate owned expenses 210,345 0 0
Other operating expenses 3,399,081 3,374,177 3,092,799
Total noninterest expense 12,891,818 12,741,244 12,188,136
Income before income taxes 7,272,444 5,512,034 2,369,211
Income tax expense 2,522,728 1,681,392 339,309
Consolidated net income 4,749,716 3,830,642 2,029,902
Net (income) loss - Noncontrolling interest (61,525) (89,982) (75,880)
Net Income - F & M Bank Corp $ 4,688,191 $ 3,740,660 $ 1,954,022
Per share data      
Net income $ 1.91 $ 1.63 $ 0.85
Cash dividends $ 0.6 $ 0.6 $ 0.84
Weighted average shares outstanding 2,449,864 2,299,294 2,291,845