{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-006649","form_type":"8-K","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2026-07-14T17:46:57+00:00","discovered_at":"2026-07-14T17:48:00.580546+00:00","generated_at":"2026-07-14T17:48:05.931311+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"F&M Bank Corp. restructures bond portfolio using $4.8M gain from Bearing Insurance sale","bullets":["Sold $29.8M book value of AFS securities (1.66% yield) and bought $29.4M (4.92% yield) in June 2026.","Pre-tax loss on restructuring $3.5M; after-tax loss $2.7M expected to recover over ~3.5 years.","Annualized EPS improvement of ~$0.21/share and net interest margin increase of ~6 bps expected.","Net pre-tax gain from Bearing sale and restructuring combined is $1.3M; no impact on tangible book value.","CEO Mike Wilkerson says restructuring supports sustainable profitability and accelerates performance."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-006649","json":"https://secwatch.observer/filing/0001654954-26-006649.json","markdown":"https://secwatch.observer/filing/0001654954-26-006649.md","text":"https://secwatch.observer/filing/0001654954-26-006649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495426006649/0001654954-26-006649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495426006649/fmbm_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-14T17:48:05.931311+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}