FMBM — what changed in the latest 10-Q
A section-by-section comparison of FMBM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −13 | ~21 | 17 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
Comparing the Three-Month Periods Ending June 30, 2026 and June 30, 2025
Net income for the second quarter of 2026 was $5.4 million, or $1.50 per diluted share, compared to $3.0 million, or $0.83 per diluted share, for the second quarter of 2025—an increase of $2.4 million, or $0.67 per diluted share. Return on average assets was 1.54% and return on average equity was 19…
Comparing the Six-Month Periods Ending June 30, 2026 and June 30, 2025
Net income for the six months ended June 30, 2026 was $8.6 million, or $2.41 per diluted share, compared to $5.4 million, or $1.53 per diluted share, for the six months ended June 30, 2025—an increase of $3.2 million, or $0.88 per diluted share. Return on average assets was 1.25% and return on avera…
Net interest income for second quarter 2026 was $12.3 million, an increase of $1.8 million over second quarter 2025. Interest income for second quarter 2026 increased $1.3 million due to loan growth, while interest expense decreased $514,000 driven by a shift from higher-cost time deposits to lower-…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Net income for the first quarter of 2026 was $3.2 million, or $0.91 per share, compared to $2.5 million, or $0.70 per share, for the first quarter of 2025—an increase of $769,000, or $0.21 per share. Return on average assets was 0.94% and return on average equity was 12.18% for the three months ende…
Net interest income for first quarter 2026 was $11.4 million, an increase of $2.0 million over first quarter 2025. Interest income for first quarter 2026 increased $1.2 million due to loan and investment securities growth, while interest expense decreased $756,000 driven by a shift from higher-cost …
The following table shows interest income on earning assets and related average yields as well as interest expense on interest-bearing liabilities and related average rates paid for the three months ended March 31, 2026 and 2025 (dollars in thousands):
4 Average balance information is reflective of historical cost and has not been adjusted for changes in market value annualized.
During first quarter 2026, the Bank recorded a provision for credit losses of $309,000, compared to a recovery of provision for credit losses of $104,000 in first quarter 2025. The current quarter increase in provision was the result of a $10.6 million increase in total loans held for investment dur…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice