{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-012322","form_type":"8-K","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2025-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.062820+00:00","generated_at":"2026-05-17T01:47:07.057890+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"F&M Bank Q3 net income $2.9M ($0.82/share); issues $10M 7.55% sub notes due 2035","bullets":["Net income $2.9M ($0.82/share) for Q3 2025, down 2.38% from Q2; YTD net income $8.3M ($2.35/share) vs $5.0M ($1.44) in 2024.","Issued $10M of 7.55% fixed-to-floating subordinated notes due Nov 1, 2035 for Tier 2 capital; proceeds to redeem existing debt.","Total assets $1.36B, loans $872.3M, deposits $1.24B; tangible book value $27.63/share, up 17.4% YTD.","Net interest margin 3.36%, down 12 bps QoQ; provision for credit losses $539K, down from $1.2M in Q2.","Declared $0.26/share dividend payable Nov 28, 2025 to holders of record Nov 14, 2025; annualized yield 3.9%."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-012322","json":"https://secwatch.observer/filing/0001654954-25-012322.json","markdown":"https://secwatch.observer/filing/0001654954-25-012322.md","text":"https://secwatch.observer/filing/0001654954-25-012322.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495425012322/0001654954-25-012322-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495425012322/fmbm_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:47:07.057890+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb8692d00c65c416aec7d377da7f9f9c3479a3d1","claim":"F&M BANK CORP incurred senior notes of $10.0 million in aggregate principal amount with unknown at 7.55% fixed to floating rate maturing November 1, 2035.","evidence_excerpt":"On October 24, 2025, F & M Bank Corp. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company issued and sold $10.0 million in aggregate principal amount of 7.55% fixed to floating rate subordinated notes due November 1, 2035 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495425012322/0001654954-25-012322-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$10.0 million in aggregate principal amount"},{"label":"Rate","value":"7.55% fixed to floating rate"},{"label":"Maturity","value":"November 1, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}