Business Segments (Tables)

9 Months Ended

Sep. 30, 2021

Business Segments

Schedule of business segments

	Nine Months Ended September 30, 2021
	F&M Bank			F&M Mortgage		TEB Life/FMFS		VS Title		Parent Only			Eliminations			F&M Bank Corp. Consolidated
Revenues:
Interest Income	$	26,499		$	165	$	85	$	-	$	1		$	(130	)	$	26,620
Service charges on deposits		839			-		-		-		-			-			839
Investment services and insurance income		-			-		742		-		-			(6	)		736
Mortgage banking income, net		-			3,874		-		-		-			-			3,874
Title insurance income		-			-		-		1,607		-			-			1,607
Other operating income (loss)		2,334			121		-		-		(114	)		-			2,341
Total income (loss)		29,672			4,160		827		1,607		(113	)		(136	)		36,017
Expenses:
Interest Expense		2,690			115		-		-		551			(130	)		3,226
(Recovery of) loan losses		(2,210	)		-		-		-		-			-			(2,210	)
Salary and benefit expense		10,772			1,902		280		905		-			-			13,859
Other operating expenses		9,777			677		37		227		60			(6	)		10,772
Total expense		21,029			2,694		317		1,132		611			(136	)		25,647
Net income (loss) before taxes		8,643			1,466		510		475		(724	)		-			10,370
Income tax expense		1,199			-		107		-		(294	)		-			1,012
Net Income attributable to F & M Bank Corp.	$	7,444		$	1,466	$	403	$	475	$	(430	)	$	-		$	9,358
Total Assets	$	1,177,613		$	10,255	$	8,434	$	2,802	$	113,627		$	(142,072	)	$	1,170,659
Goodwill	$	2,868		$	47	$	-	$	3	$	164		$	-		$	3,082

	Three months ended September 30, 2021
	F&M Bank			F&M Mortgage		TEB Life/FMFS		VS Title		Parent Only			Eliminations			F&M Bank Corp. Consolidated
Revenues:
Interest Income	$	9,010		$	41	$	26	$	-	$	1		$	(22	)	$	9,055
Service charges on deposits		300			-		-		-		-			-			300
Investment services and insurance income		-			-		213		-		-			(3	)		210
Mortgage banking income, net		-			1,176		-		-		-			-			1,176
Title insurance income		-			-		-		556		-			-			556
Other operating income (loss)		711			41		-		-		(38	)		-			714
Total income (loss)		10,021			1,258		239		556		(38	)		(25	)		12,011
Expenses:
Interest Expense		919			17		-		-		175			(22	)		1,089
(Recovery of) loan losses		(235	)		-		-		-		-			-			(235	)
Salary and benefit expense		3,660			620		99		323		-			-			4,702
Other operating expenses		3,477			213		18		73		21			(3	)		3,799
Total expense		7,821			850		117		396		196			(25	)		9,355
Net income (loss) before taxes		2,200			408		122		160		(234	)		-			2,656
Income tax expense		277			-		26		-		16			-			319
Net Income attributable to F & M Bank Corp.	$	1,923		$	408	$	96	$	160	$	(250	)	$	-		$	2,337

	Nine Months Ended September 30, 2020
	F&M Bank		VBS Mortgage		TEB Life/FMFS		VS Title		Parent Only			Eliminations			F&M Bank Corp. Consolidated
Revenues:
Interest Income	$	27,199	$	227	$	115	$	-	$	-		$	(261	)	$	27,280
Service charges on deposits		888		-		-		-		-			-			888
Investment services and insurance income		-		-		543		-		-			(18	)		525
Mortgage banking income, net		-		4,521		-		-		-			-			4,521
Title insurance income		-		-		-		1,386		-			-			1,386
Other operating income (loss)		1,668		126		-		-		(99	)		-			1,695
Total income (loss)		29,755		4,874		658		1,386		(99	)		(279	)		36,295
Expenses:
Interest Expense		4,419		235		-		-		-			(261	)		4,393
Provision for loan losses		3,300		-		-		-		122			-			3,422
Salary and benefit expense		9,623		1,655		231		740		-			-			12,249
Other operating expenses		8,622		691		42		190		32			(18	)		9,559
Total expense		25,964		2,581		273		930		154			(279	)		29,623
Net income (loss) before taxes		3,791		2,293		385		456		(253	)		-			6,672
Income tax expense		527		-		59		-		(41	)		-			545
Net income (loss)		3,264		2,293		326		456		(212	)		-			6,127
Net income attributable to non-controlling interest		-		105		-		-		-			-			105
Net Income attributable to F & M Bank Corp.	$	3,264	$	2,188	$	326	$	456	$	(212	)	$	-		$	6,022
Total Assets	$	1,019,005	$	24,589	$	7,911	$	4,664	$	105,633		$	(146,378	)	$	1,015,424
Goodwill	$	2,670	$	47	$	-	$	3	$	164		$	-		$	2,884

	Three Months Ended September 30, 2020
	F&M Bank		VBS Mortgage		TEB Life/FMFS		VS Title		Parent Only			Eliminations			F&M Bank Corp. Consolidated
Revenues:
Interest Income	$	9,163	$	107	$	35	$	-	$	-		$	(127	)	$	9,178
Service charges on deposits		302		-		-		-		-			-			302
Investment services and insurance income		-		-		176		-		-			(9	)		167
Mortgage banking income, net		-		1,621		-		-		-			-			1,621
Title insurance income		-		-		-		543		-			-			543
Other operating income (loss)		572		69		-		-		(46	)		-			595
Total income (loss)		10,037		1,797		211		543		(46	)		(136	)		12,406
Expenses:
Interest Expense		1,308		121		-		-		122			(127	)		1,424
Provision for loan losses		1,000		-		-		-		-			-			1,000
Salary and benefit expense		3,257		504		73		247		-			-			4,081
Other operating expenses		2,899		339		16		61		17			(9	)		3,223
Total expense		8,464		964		89		308		139			(136	)		9,828
Net income (loss) before taxes		1,573		833		122		235		(185	)		-			2,578
Income tax expense		337		-		20		-		15			-			372
Net income (loss)	$	1,236	$	833	$	102	$	235	$	(200	)	$	-		$	2,206
Net income attributable to F & M Bank Corp.	$	1,236	$	833	$	102	$	235	$	(200	)	$	-		$	2,206