fmbm: the income statement

MyFinsight

F&M BANK CORP (FMBM)

For the quarter ending 2025-06-30, FMBM made $19,800K in revenue. $2,965K in net income. Net profit margin of 14.97%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense	455
Other operating income	89
Income on bank owned life insurance	215
Wealth management income	560
Title insurance income	584
Service charges on deposit accounts	307
Mortgage banking income	358
Low income housing partnership amortization	-196
Atm and check card fees	875
Total noninterest income	2,792
Other operating expenses	1,543
Salaries	3,704
Occupancy expense	387
Legal and professional expense	527
Fdic assessment	246
Equipment expense	298
Employee benefits	923
Data processing fees	855
Atm and check card fees	229
Total noninterest expense	8,712
Provision for (recovery of) credit losses - loans	1,082
Provision for (recovery of) credit losses - unfunded commitments	105
Total provision for (recovery of) credit losses	1,187
Interest on short-term debt	1
Interest on long-term debt	116
Total interest on deposits	6,168
Total interest expense	6,285
Interest and dividends on interest bearing deposits and other investments	58
Interest from money market funds and federal funds sold	385
Interest from securities available for sale	2,378
Interest and fees on loans held for sale	20
Interest and fees on loans held for investment	13,971
Total interest and dividend income	16,812
Net interest income	10,527
Net interest income after provision for (recovery of) credit losses	9,340
Income before income taxes	3,420
Net income	2,965

Net income (basic and diluted)	0.84
Weighted average common shares outstanding (basic and diluted)	3,564,133

Unit: Thousand (K) dollars (except for numbers of shares and EPS)