secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001654954-22-014254
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F&M Bank Corp. reports Q3 2022 net income of $2.3M; declares $0.26 dividend
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- Net income $2.3M for Q3, $6.6M for nine months ended Sep 30, 2022.
- Deposits grew $17.2M to $1.1B; loans held for investment (ex-PPP) up $6.7M to $699.6M.
- Nonperforming assets as % of total assets fell to 0.19% from 0.45% at Dec 31, 2021.
- No provision for loan losses in Q3; $150K provision YTD.
- Dividends: $0.26/share, payable Nov 29, 2022 to holders of record Nov 14, 2022 (annualized yield 4.45%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495422014254/0001654954-22-014254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495422014254/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-014254

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