F&M Bank Corp 2024 10-K: $134.9M Assets
Ticker: FMBM · Form: 10-K · Filed: Mar 28, 2025 · CIK: 740806
| Field | Detail |
|---|---|
| Company | F&M Bank Corp (FMBM) |
| Form Type | 10-K |
| Filed Date | Mar 28, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, banking, employee-benefits
TL;DR
F&M Bank Corp 2024 10-K filed: $134.9M assets, $12.66M liabilities, $19.27M equity. 401k details included.
AI Summary
F&M Bank Corp filed its 2024 10-K on March 28, 2025, reporting on its fiscal year ending December 31, 2024. The company's total assets were $134.9 million, with total liabilities of $12.66 million and total equity of $19.27 million. F&M Bank Corp also detailed its 401(k) savings plan, which includes company matching contributions and a two-year vesting period for employee service.
Why It Matters
This filing provides a snapshot of F&M Bank Corp's financial health and employee benefits for the 2024 fiscal year, crucial for investors and stakeholders assessing the bank's stability and operational structure.
Risk Assessment
Risk Level: low — The filing is a standard annual report for a bank, with no immediate red flags or significant negative trends indicated.
Key Numbers
- $134.9M — Total Assets (Represents the bank's total holdings as of fiscal year-end 2024.)
- $12.66M — Total Liabilities (Indicates the bank's total obligations as of fiscal year-end 2024.)
- $19.27M — Total Equity (Shows the net worth of the bank as of fiscal year-end 2024.)
Key Players & Entities
- F&M Bank Corp (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end
- 2025-03-28 (date) — Filing date
- $134.9 million (dollar_amount) — Total assets
- $12.66 million (dollar_amount) — Total liabilities
- $19.27 million (dollar_amount) — Total equity
FAQ
What was F&M Bank Corp's net income for the fiscal year ending December 31, 2024?
The provided excerpt does not explicitly state the net income for the fiscal year ending December 31, 2024. It focuses on asset, liability, and equity figures.
What is the company match for the 401(k) plan?
The company matches one hundred percent of the first 1% contributed by the employee and fifty percent from 2% to 6% of employee contributions.
How long does an employee need to be with the company to be fully vested in company 401(k) contributions?
Vesting in the contributions made by the Company is 100% after two years of service.
What is the filing date for this 10-K report?
The 10-K report was filed on March 28, 2025.
What is the Standard Industrial Classification (SIC) code for F&M Bank Corp?
The SIC code for F&M Bank Corp is 6022, which corresponds to State Commercial Banks.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 28, 2025 regarding F&M BANK CORP (FMBM).