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Midas Edge

F&M BANK CORP

For the period ended Dec 31, 2025. Filed Mar 27, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 27, 2026

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Contents

Item 15. Exhibit and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules.

The following financial statements are filed as a part of this report:

(a)(1) Financial Statements

The following consolidated financial statements and reports of independent auditors of the Company are in Part II, Item 8:

Report of Independent Registered Public Accounting Firm (PCAOB ID 149)30
Report of Yount, Hyde & Barbour, P.C., Independent Registered Public Accounting Firm (PCAOB ID 613)32
Consolidated Balance Sheets - December 31, 2025 and 202433
Consolidated Statements of Income - Years ended December 31, 2025 and 202434
Consolidated Statements of Comprehensive Income - Years ended December 31, 2025 and 202435
Consolidated Statements of Changes in Shareholders’ Equity – Years ended December 31, 2025 and 202436
Consolidated Statements of Cash Flows - Years ended December 31, 2025 and 202437
Notes to the Consolidated Financial Statements38

(a)(2) Financial Statement Schedules

All schedules are omitted since they are not required, are not applicable, or the required information is shown in the consolidated financial statements or notes thereto.

(a)(3) Exhibits

The following exhibits are filed as a part of this Form 10-K:

Exhibit No.
3.1Restated Articles of Incorporation of F&M Bank Corp., incorporated herein by reference from F & M Bank Corp.’s Quarterly Report on Form 10-Q, filed November 14, 2013.
3.2Articles of Amendment to the Articles of Incorporation of F&M Bank Corp. designating the Series A Preferred Stock, incorporated herein by reference from F&M Bank Corp.’s Current Report on Form 8-K filed December 4, 2014.
3.3Amended and Restated Bylaws of F & M Bank Corp., incorporated herein by reference from Exhibit 3.1 to F&M Bank Corp.’s Current Report on Form 8-K, filed January 28, 2025.
4.1Description of Securities, incorporated herein by reference from Exhibit 4.1 to F&M Bank Corp’s Annual Report on Form 10-K, filed March 16, 2020.
4.3Form of 2035 Subordinated Note, incorporated herein by reference from Exhibit 4.1 to F&M Bank Corp.’s Current Report on Form 8-K, filed October 29, 2025.
10.1+VBA Executives Deferred Compensation Plan for Farmers & Merchants Bank, incorporated herein by reference from F & M Bank Corp.’s Annual Report on Form 10-K, filed March 28, 2014.
10.2+VBA Directors Non-Qualified Deferred Compensation Plan for Farmers & Merchants Bank, incorporated herein by reference from F & M Bank Corp.’s Annual Report on Form 10-K, filed March 28, 2014.
10.3+Amended and Restated Employment Agreement, dated December 16, 2025, by and between F&M Bank Corp., Farmers & Merchants Bank, and Barton E. Black, incorporated herein by reference from Exhibit 10.2 to F&M Bank Corp.’s Current Report on Form 8-K, filed December 18, 2025.
10.4+F&M Bank Corp. 2020 Stock Incentive Plan, incorporated herein by reference from Exhibit 10.1 to F&M Bank Corp.’s Quarterly Report on Form 10-Q, filed August 11, 2020.
10.5+Form of Restricted Stock Award Agreement, incorporated herein by reference from Exhibit 10.7 from F&M Bank Corp.’s Form 10-K, filed March 22, 2023.
10.6Form of 2035 Subordinated Note Purchase Agreement, incorporated herein by reference to Exhibit 10.1 to F&M Bank Corp.’s Current Report on Form 8-K filed October 29, 2025.
10.7+Amended and Restated Employment Agreement, dated December 16, 2025, by and between F&M Bank Corp., Farmers & Merchants Bank, and Aubrey Michael Wilkerson, incorporated herein by reference from Exhibit 10.1 to F&M Bank Corp.’s Current Report on Form 8-K, filed December 18, 2025.
10.8+Amended and Restated Employment Agreement, dated December 16, 2025, by and between F&M Bank Corp., Farmers & Merchants Bank, and Lisa F. Campbell, incorporated herein by reference from Exhibit 10.3 to F&M Bank Corp.’s Current Report on Form 8-K, filed December 18, 2025.
10.9+F&M Bank Corp. 2023 Directors Stock Incentive Plan, incorporated herein by reference to Exhibit 4.1 to F&M Bank Corp.’s Registration Statement on Form S-8 (No. 333-279300), filed May 10, 2024.
10.10+F & M Bank Corp. Employee Stock Purchase Plan, incorporated herein by reference to Exhibit 4.3 to F & M Bank Corp.’s Registration Statement on Form S-8 (No. 333-159074), filed May 8, 2009.
16.1Letter of Yount, Hyde & Barbour, P.C., dated January 28, 2025, incorporated herein by reference to Exhibit 16.1 to F&M Bank Corp.’s Current Report on Form 8-K, filed January 28, 2025.
19.1F&M Bank Corp. Insider Trading and Reporting Policy, incorporated herein by reference to Exhibit 19.1 to F&M Bank Corp.’s Annual Report on Form 10-K, filed March 28, 2025.
21.1Subsidiaries of the Registrant
23.1Consent of Elliott Davis, PLLC
23.2Consent of Yount, Hyde & Barbour, P.C.
31.1Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101The following materials from F&M Bank Corp.’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Extensible Business Reporting Language (XBRL), include: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income (iv) Consolidated Statements of Changes in Shareholders’ Equity, (v) Consolidated Statements of Cash Flows and (vi) related notes (furnished herewith).
104The cover page from F&M Bank Corp.’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (included with Exhibit 101)

**+**Indicates management contract or compensatory plan

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