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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest and Dividend Income      
Interest and fees on loans held for investment $ 29,816,000 $ 27,930,000 $ 26,211,000
Interest from loans held for sale 1,888,000 1,100,000 312,000
Interest from money market funds and federal funds sold 37,000 21,000 44,000
Interest from debt securities - taxable 354,000 302,000 205,000
Total Interest and Dividend Income 32,095,000 29,353,000 26,772,000
Interest Expense      
Total interest on deposits 2,380,000 2,153,000 2,490,000
Interest from short-term debt 55,000 69,000 9,000
Interest from long-term debt 1,164,000 654,000 1,149,000
Total interest expense 3,599,000 2,876,000 3,648,000
Net Interest Income 28,496,000 26,477,000 23,124,000
Provision for Lease losses 300,000 2,250,000
Net Interest Income After Provision for Loan Losses 28,496,000 26,177,000 20,874,000
Non interest Income      
Service charges on deposit accounts 1,174,000 963,000 1,034,000
Insurance, other commissions and mortgage banking, net 1,087,000 1,058,000 635,000
Other operating income 1,658,000 1,401,000 1,394,000
Income from bank owned life insurance 476,000 473,000 467,000
Low income housing partnership losses (731,000) (619,000) (608,000)
Total Noninterest Income 3,664,000 3,276,000 2,922,000
Noninterest Expenses      
Salaries 8,570,000 7,816,000 6,898,000
Employee benefits 2,552,000 2,239,000 1,911,000
Occupancy expense 746,000 679,000 622,000
Equipment expense 702,000 651,000 590,000
FDIC insurance assessment 388,000 587,000 690,000
Other real estate owned, net 86,000 566,000 407,000
Other operating expenses 6,255,000 5,447,000 4,538,000
Total Non interest Expenses 19,299,000 17,986,000 15,656,000
Income before Income Taxes 12,861,000 11,467,000 8,140,000
Income Tax Expense 3,099,000 2,886,000 2,293,000
Net Income 9,762,000 8,581,000 5,847,000
Net Income attributed to Noncontrolling interest (194,000) (164,000) (45,000)
Consolidated Net Income - F & M Bank Corp. 9,762,000 8,581,000 5,847,000
Dividends paid/accumulated on preferred stock 487,000 510,000 128,000
Net Income available to common stockholders $ 9,081,000 $ 7,907,000 $ 5,674,000
Per Common Share Data      
Net Income - basic $ 2.77 $ 2.40 $ 1.82
Net Income - diluted 2.57 2.25 1.80
Cash dividends on common stock $ 0.80 $ 0.73 $ 0.68
Weighted average common shares outstanding - basic 3,282,335 3,290,812 3,119,333
Weighted average common shares outstanding - diluted 3,716,591 3,735,212 3,229,942