XML 65 R55.htm IDEA: XBRL DOCUMENT v3.19.1
10. Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Interest Income $ 9,532 $ 8,743  
Service charges on deposits 386 366  
Investment services and insurance income 151 197  
Mortgage banking income, net 530 520  
Title insurance income 276 256  
Expenses:      
Interest Expense 1,498 979  
Provision for loan losses 1,450 680  
Income tax expense 79 379  
Net income (loss) 1,264 1,961  
Total Assets 780,037   $ 780,253
Goodwill 2,884   $ 2,884
F&M Bank Member      
Interest Income 9,501 8,704  
Service charges on deposits 386 366  
Investment services and insurance income 0 0  
Mortgage banking income, net 0 0  
Title insurance income 0 0  
Other operating income 444 393  
Total income 10,331 9,463  
Expenses:      
Interest Expense 1,500 981  
Provision for loan losses 1,450 680  
Salary and benefit expense 3,290 3,297  
Other operating expenses 2,754 2,176  
Total expense 8,994 7,134  
Income (loss) before income taxes 1,337 2,329  
Income tax expense 47 141  
Net income (loss) 1,290 2,188  
Net (income) loss attributable to noncontrolling interest 0 0  
Net income attributable to F & M Bank Corp. 1,290 2,188  
Total Assets 763,585 731,512  
Goodwill 2,670 2,670  
F&M Mortgage      
Interest Income 25 29  
Service charges on deposits 0 0  
Investment services and insurance income 0 0  
Mortgage banking income, net 530 520  
Title insurance income 0 61  
Other operating income 0 1  
Total income 555 611  
Expenses:      
Interest Expense 26 23  
Provision for loan losses 0 0  
Salary and benefit expense 430 414  
Other operating expenses 173 212  
Total expense 629 649  
Income (loss) before income taxes (74) (38)  
Income tax expense 0 0  
Net income (loss) (74) (38)  
Net (income) loss attributable to noncontrolling interest (22) 11  
Net income attributable to F & M Bank Corp. (52) (27)  
Total Assets 6,744 8,552  
Goodwill 47 65  
TEB Life/FMFS      
Interest Income 34 35  
Service charges on deposits 0 0  
Investment services and insurance income 152 203  
Mortgage banking income, net 0 0  
Title insurance income 0 0  
Other operating income 0 0  
Total income 186 238  
Expenses:      
Interest Expense 0 0  
Provision for loan losses 0 0  
Salary and benefit expense 81 146  
Other operating expenses 13 10  
Total expense 94 156  
Income (loss) before income taxes 92 82  
Income tax expense 13 15  
Net income (loss) 79 67  
Net (income) loss attributable to noncontrolling interest 0 0  
Net income attributable to F & M Bank Corp. 79 67  
Total Assets 7,487 6,972  
Goodwill 0 0  
VS Title      
Interest Income 0 0  
Service charges on deposits 0 0  
Investment services and insurance income 0 0  
Mortgage banking income, net 0 0  
Title insurance income 276 195  
Other operating income 0 0  
Total income 276 195  
Expenses:      
Interest Expense 0 0  
Provision for loan losses 0 0  
Salary and benefit expense 222 166  
Other operating expenses 62 48  
Total expense 284 214  
Income (loss) before income taxes (8) (19)  
Income tax expense 0 0  
Net income (loss) (8) (19)  
Net (income) loss attributable to noncontrolling interest (2) 0  
Net income attributable to F & M Bank Corp. (6) (19)  
Total Assets 769 574  
Goodwill 3 57  
Parent Only      
Interest Income 0 0  
Service charges on deposits 0 0  
Investment services and insurance income 0 0  
Mortgage banking income, net 0 0  
Title insurance income 0 0  
Other operating income 2 0  
Total income 2 0  
Expenses:      
Interest Expense 0 0  
Provision for loan losses 0 0  
Salary and benefit expense 0 0  
Other operating expenses 6 14  
Total expense 6 14  
Income (loss) before income taxes (4) (14)  
Income tax expense 19 223  
Net income (loss) (23) (237)  
Net (income) loss attributable to noncontrolling interest 2 0  
Net income attributable to F & M Bank Corp. (25) (237)  
Total Assets 91,635 91,591  
Goodwill 164 164  
Eliminations      
Interest Income (28) (25)  
Service charges on deposits 0 0  
Investment services and insurance income (1) (6)  
Mortgage banking income, net 0 0  
Title insurance income 0 0  
Other operating income 0 0  
Total income (29) (31)  
Expenses:      
Interest Expense (28) (25)  
Provision for loan losses 0 0  
Salary and benefit expense 0 0  
Other operating expenses (1) (6)  
Total expense (29) (31)  
Income (loss) before income taxes 0 0  
Income tax expense 0 0  
Net income (loss) 0 0  
Net (income) loss attributable to noncontrolling interest 0 0  
Net income attributable to F & M Bank Corp. 0 0  
Total Assets (90,183) (110,213)  
Goodwill 0 0  
F&M Bank Corp Consolidated      
Interest Income 9,532 8,743  
Service charges on deposits 386 366  
Investment services and insurance income 151 197  
Mortgage banking income, net 530 520  
Title insurance income 276 256  
Other operating income 446 394  
Total income 11,321 10,476  
Expenses:      
Interest Expense 1,498 979  
Provision for loan losses 1,450 680  
Salary and benefit expense 4,023 4,023  
Other operating expenses 3,007 2,454  
Total expense 9,978 8,136  
Income (loss) before income taxes 1,343 2,340  
Income tax expense 79 379  
Net income (loss) 1,264 1,961  
Net (income) loss attributable to noncontrolling interest (22) 11  
Net income attributable to F & M Bank Corp. 1,286 1,972  
Total Assets 780,037 728,988  
Goodwill $ 2,884 $ 2,956