401k Plan data: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN plan

F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 401k Plan overview

Plan Name	F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN
Plan identification number	002

F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
The employer maintaining this ESOP is an S Corporation
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

F & M BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: F & M BANCSHARES, INC.

Employer identification number (EIN): 730956567

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2024-01-01 AUDRA ARTERBURN
002 2023-01-01
002 2023-01-01 AUDRA ARTERBERN
002 2023-01-01 THERESA STEWART
002 2022-01-01
002 2022-01-01 THERESA STEWART
002 2021-01-01
002 2021-01-01 THERESA STEWART
002 2020-01-01
002 2019-01-01
002 2019-01-01
002 2017-01-01 THERESA STEWART
002 2016-01-01 THERESA STEWART
002 2015-01-01 THERESA STEWART
002 2014-01-01 THERESA STEWART
002 2013-01-01 THERESA STEWART
002 2012-01-01 THERESA STEWART
002 2011-01-01 HOWARD WINTER
002 2010-01-01 BARRY L. ANDERSON
002 2009-01-01 BARRY L. ANDERSON

Plan Statistics for F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

401k plan membership statisitcs for F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

Measure Date Value
2023: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 137
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 103
Number of retired or separated participants receiving benefits 2023-01-01 2
Number of other retired or separated participants entitled to future benefits 2023-01-01 31
Total of all active and inactive participants 2023-01-01 136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 136
Number of participants with account balances 2023-01-01 108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 98
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 26
Total of all active and inactive participants 2022-01-01 125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 125
Number of participants with account balances 2022-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 2
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 146
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 102
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 44
Total of all active and inactive participants 2021-01-01 146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 146
Number of participants with account balances 2021-01-01 119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 150
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 101
Number of retired or separated participants receiving benefits 2020-01-01 2
Number of other retired or separated participants entitled to future benefits 2020-01-01 42
Total of all active and inactive participants 2020-01-01 145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 145
Number of participants with account balances 2020-01-01 121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 150
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 102
Number of retired or separated participants receiving benefits 2019-01-01 2
Number of other retired or separated participants entitled to future benefits 2019-01-01 46
Total of all active and inactive participants 2019-01-01 150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 150
Number of participants with account balances 2019-01-01 126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 165
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 104
Number of retired or separated participants receiving benefits 2017-01-01 4
Number of other retired or separated participants entitled to future benefits 2017-01-01 56
Total of all active and inactive participants 2017-01-01 164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 164
Number of participants with account balances 2017-01-01 135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 2
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 142
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 90
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 58
Total of all active and inactive participants 2016-01-01 148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 148
Number of participants with account balances 2016-01-01 123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 3
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 85
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 48
Total of all active and inactive participants 2015-01-01 133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 133
Number of participants with account balances 2015-01-01 120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 4
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 80
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 43
Total of all active and inactive participants 2014-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 123
Number of participants with account balances 2014-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 4
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 75
Number of retired or separated participants receiving benefits 2013-01-01 15
Number of other retired or separated participants entitled to future benefits 2013-01-01 33
Total of all active and inactive participants 2013-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 123
Number of participants with account balances 2013-01-01 115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 77
Number of retired or separated participants receiving benefits 2012-01-01 6
Number of other retired or separated participants entitled to future benefits 2012-01-01 26
Total of all active and inactive participants 2012-01-01 109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 109
Number of participants with account balances 2012-01-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 10
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 71
Number of retired or separated participants receiving benefits 2011-01-01 10
Number of other retired or separated participants entitled to future benefits 2011-01-01 16
Total of all active and inactive participants 2011-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 97
Number of participants with account balances 2011-01-01 91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 6
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 109
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 71
Number of retired or separated participants receiving benefits 2010-01-01 7
Number of other retired or separated participants entitled to future benefits 2010-01-01 35
Total of all active and inactive participants 2010-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 113
Number of participants with account balances 2010-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 4
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 69
Number of retired or separated participants receiving benefits 2009-01-01 4
Number of other retired or separated participants entitled to future benefits 2009-01-01 35
Total of all active and inactive participants 2009-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 1
Total participants 2009-01-01 109
Number of participants with account balances 2009-01-01 10

Measure	Date	Value
2023: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	137
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	103
Number of retired or separated participants receiving benefits	2023-01-01	2
Number of other retired or separated participants entitled to future benefits	2023-01-01	31
Total of all active and inactive participants	2023-01-01	136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	136
Number of participants with account balances	2023-01-01	108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	98
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	26
Total of all active and inactive participants	2022-01-01	125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	125
Number of participants with account balances	2022-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	2
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	146
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	102
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	44
Total of all active and inactive participants	2021-01-01	146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	146
Number of participants with account balances	2021-01-01	119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	150
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	101
Number of retired or separated participants receiving benefits	2020-01-01	2
Number of other retired or separated participants entitled to future benefits	2020-01-01	42
Total of all active and inactive participants	2020-01-01	145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	145
Number of participants with account balances	2020-01-01	121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	150
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	102
Number of retired or separated participants receiving benefits	2019-01-01	2
Number of other retired or separated participants entitled to future benefits	2019-01-01	46
Total of all active and inactive participants	2019-01-01	150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	150
Number of participants with account balances	2019-01-01	126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	165
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	104
Number of retired or separated participants receiving benefits	2017-01-01	4
Number of other retired or separated participants entitled to future benefits	2017-01-01	56
Total of all active and inactive participants	2017-01-01	164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	164
Number of participants with account balances	2017-01-01	135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	2
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	142
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	90
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	58
Total of all active and inactive participants	2016-01-01	148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	148
Number of participants with account balances	2016-01-01	123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	3
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	85
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	48
Total of all active and inactive participants	2015-01-01	133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	133
Number of participants with account balances	2015-01-01	120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	4
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	80
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	43
Total of all active and inactive participants	2014-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	123
Number of participants with account balances	2014-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	4
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	75
Number of retired or separated participants receiving benefits	2013-01-01	15
Number of other retired or separated participants entitled to future benefits	2013-01-01	33
Total of all active and inactive participants	2013-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	123
Number of participants with account balances	2013-01-01	115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	77
Number of retired or separated participants receiving benefits	2012-01-01	6
Number of other retired or separated participants entitled to future benefits	2012-01-01	26
Total of all active and inactive participants	2012-01-01	109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	109
Number of participants with account balances	2012-01-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	10
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	71
Number of retired or separated participants receiving benefits	2011-01-01	10
Number of other retired or separated participants entitled to future benefits	2011-01-01	16
Total of all active and inactive participants	2011-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	97
Number of participants with account balances	2011-01-01	91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	6
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	109
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	71
Number of retired or separated participants receiving benefits	2010-01-01	7
Number of other retired or separated participants entitled to future benefits	2010-01-01	35
Total of all active and inactive participants	2010-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	113
Number of participants with account balances	2010-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	4
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	69
Number of retired or separated participants receiving benefits	2009-01-01	4
Number of other retired or separated participants entitled to future benefits	2009-01-01	35
Total of all active and inactive participants	2009-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	1
Total participants	2009-01-01	109
Number of participants with account balances	2009-01-01	10

Financial Data on F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

Measure	Date	Value
2023 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2023 401k financial data
Total income from all sources (including contributions)	2023-12-31	$2,127,880
Total of all expenses incurred	2023-12-31	$572,096
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$463,945
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$798,491
Value of total assets at end of year	2023-12-31	$10,803,682
Value of total assets at beginning of year	2023-12-31	$9,247,898
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$108,151
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$451,728
Participant contributions at beginning of year	2023-12-31	$0
Participant contributions at end of year	2023-12-31	$11,158
Participant contributions at beginning of year	2023-12-31	$9,855
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$1,555,784
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$10,803,682
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$9,247,898
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$77,641
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$9,511,157
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$8,698,771
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$1,271,482
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$530,461
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$1,329,389
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$346,763
Employer contributions (assets) at end of year	2023-12-31	$9,885
Employer contributions (assets) at beginning of year	2023-12-31	$8,811
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$463,945
Contract administrator fees	2023-12-31	$12,228
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	FINLEY & COOK P.L.L.C
Accountancy firm EIN	2023-12-31	730604334
Total income from all sources (including contributions)	2023-01-01	$2,127,880
Total of all expenses incurred	2023-01-01	$572,096
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-01-01	$463,945
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-01-01	$798,491
Value of total assets at end of year	2023-01-01	$10,803,682
Value of total assets at beginning of year	2023-01-01	$9,247,898
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-01-01	$108,151
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-01-01	No
Was this plan covered by a fidelity bond	2023-01-01	Yes
Value of fidelity bond cover	2023-01-01	$2,000,000
If this is an individual account plan, was there a blackout period	2023-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2023-01-01	No
Contributions received from participants	2023-01-01	$451,728
Participant contributions at beginning of year	2023-01-01	$0
Participant contributions at end of year	2023-01-01	$11,158
Participant contributions at beginning of year	2023-01-01	$9,855
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-01-01	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Value of net income/loss	2023-01-01	$1,555,784
Value of net assets at end of year (total assets less liabilities)	2023-01-01	$10,803,682
Value of net assets at beginning of year (total assets less liabilities)	2023-01-01	$9,247,898
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-01-01	No
Were any leases to which the plan was party in default or uncollectible	2023-01-01	No
Investment advisory and management fees	2023-01-01	$77,641
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-01-01	$9,511,157
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-01-01	$8,698,771
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-01-01	$1,271,482
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-01-01	$530,461
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-01-01	$1,329,389
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-01-01	No
Was there a failure to transmit to the plan any participant contributions	2023-01-01	No
Has the plan failed to provide any benefit when due under the plan	2023-01-01	No
Contributions received in cash from employer	2023-01-01	$346,763
Employer contributions (assets) at end of year	2023-01-01	$9,885
Employer contributions (assets) at beginning of year	2023-01-01	$8,811
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-01-01	$463,945
Contract administrator fees	2023-01-01	$12,228
Did the plan have assets held for investment	2023-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-01-01	No
Opinion of an independent qualified public accountant for this plan	2023-01-01	1
Accountancy firm name	2023-01-01	FINLEY & COOK P.L.L.C
Accountancy firm EIN	2023-01-01	730604334
2022 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-698,788
Total of all expenses incurred	2022-12-31	$565,873
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$458,086
Expenses. Certain deemed distributions of participant loans	2022-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$742,200
Value of total assets at end of year	2022-12-31	$9,247,898
Value of total assets at beginning of year	2022-12-31	$10,512,559
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$107,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$423,386
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$0
Participant contributions at end of year	2022-12-31	$9,855
Participant contributions at beginning of year	2022-12-31	$9,064
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,264,661
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$9,247,898
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$10,512,559
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$95,752
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$8,698,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$10,022,235
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$530,461
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$473,071
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,440,988
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$318,814
Employer contributions (assets) at end of year	2022-12-31	$8,811
Employer contributions (assets) at beginning of year	2022-12-31	$8,189
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$458,086
Contract administrator fees	2022-12-31	$12,035
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2022-12-31	730604334
Total income from all sources (including contributions)	2022-01-01	$-698,788
Total of all expenses incurred	2022-01-01	$565,873
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-01-01	$458,086
Expenses. Certain deemed distributions of participant loans	2022-01-01	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-01-01	$742,200
Value of total assets at end of year	2022-01-01	$9,247,898
Value of total assets at beginning of year	2022-01-01	$10,512,559
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-01-01	$107,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-01-01	No
Was this plan covered by a fidelity bond	2022-01-01	Yes
Value of fidelity bond cover	2022-01-01	$2,000,000
If this is an individual account plan, was there a blackout period	2022-01-01	No
Were there any nonexempt tranactions with any party-in-interest	2022-01-01	No
Contributions received from participants	2022-01-01	$423,386
Participant contributions at end of year	2022-01-01	$0
Participant contributions at beginning of year	2022-01-01	$0
Participant contributions at end of year	2022-01-01	$9,855
Participant contributions at beginning of year	2022-01-01	$9,064
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-01-01	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-01-01	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Value of net income/loss	2022-01-01	$-1,264,661
Value of net assets at end of year (total assets less liabilities)	2022-01-01	$9,247,898
Value of net assets at beginning of year (total assets less liabilities)	2022-01-01	$10,512,559
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-01-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-01-01	No
Were any leases to which the plan was party in default or uncollectible	2022-01-01	No
Investment advisory and management fees	2022-01-01	$95,752
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-01-01	$8,698,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-01-01	$10,022,235
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-01-01	$530,461
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-01-01	$473,071
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-01-01	$-1,440,988
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-01-01	No
Was there a failure to transmit to the plan any participant contributions	2022-01-01	No
Has the plan failed to provide any benefit when due under the plan	2022-01-01	No
Contributions received in cash from employer	2022-01-01	$318,814
Employer contributions (assets) at end of year	2022-01-01	$8,811
Employer contributions (assets) at beginning of year	2022-01-01	$8,189
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-01-01	$458,086
Contract administrator fees	2022-01-01	$12,035
Did the plan have assets held for investment	2022-01-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-01-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-01-01	No
Opinion of an independent qualified public accountant for this plan	2022-01-01	1
Accountancy firm name	2022-01-01	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2022-01-01	730604334
2021 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$2,083,600
Total of all expenses incurred	2021-12-31	$561,907
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$465,823
Expenses. Certain deemed distributions of participant loans	2021-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$704,426
Value of total assets at end of year	2021-12-31	$10,512,559
Value of total assets at beginning of year	2021-12-31	$8,990,866
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$96,084
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$0
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$421,114
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$0
Participant contributions at end of year	2021-12-31	$9,064
Participant contributions at beginning of year	2021-12-31	$8,733
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,521,693
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$10,512,559
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,990,866
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$90,307
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$10,022,235
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$8,712,326
Interest on participant loans	2021-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$55,491
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$55,491
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$473,071
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$206,648
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,379,174
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$283,312
Employer contributions (assets) at end of year	2021-12-31	$8,189
Employer contributions (assets) at beginning of year	2021-12-31	$7,668
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$465,823
Contract administrator fees	2021-12-31	$5,777
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2021-12-31	730604334
2020 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$1,580,014
Total of all expenses incurred	2020-12-31	$239,569
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$162,039
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$784,890
Value of total assets at end of year	2020-12-31	$8,990,866
Value of total assets at beginning of year	2020-12-31	$7,650,421
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$77,530
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$403,867
Participant contributions at end of year	2020-12-31	$0
Participant contributions at end of year	2020-12-31	$8,733
Participant contributions at beginning of year	2020-12-31	$8,411
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$51,907
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,340,445
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,990,866
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$7,650,421
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$76,594
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$8,712,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$7,390,305
Interest on participant loans	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$55,491
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$54,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$54,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$206,648
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$189,697
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$795,124
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$329,116
Employer contributions (assets) at end of year	2020-12-31	$7,668
Employer contributions (assets) at beginning of year	2020-12-31	$7,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$162,039
Contract administrator fees	2020-12-31	$936
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2020-12-31	730604334
2019 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$1,861,640
Total of all expenses incurred	2019-12-31	$1,332,407
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,255,727
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$644,141
Value of total assets at end of year	2019-12-31	$7,650,421
Value of total assets at beginning of year	2019-12-31	$7,121,188
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$76,680
Total interest from all sources	2019-12-31	$2,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$361,459
Participant contributions at end of year	2019-12-31	$8,411
Participant contributions at beginning of year	2019-12-31	$8,786
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$529,233
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$7,650,421
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$7,121,188
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$75,380
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$7,390,305
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$6,807,763
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$54,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$47,178
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$47,178
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2,485
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$189,697
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$249,746
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,215,014
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$282,682
Employer contributions (assets) at end of year	2019-12-31	$7,548
Employer contributions (assets) at beginning of year	2019-12-31	$7,715
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,255,727
Contract administrator fees	2019-12-31	$1,300
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2019-12-31	730604334
2018 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$267,696
Total of all expenses incurred	2018-12-31	$230,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$182,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$736,197
Value of total assets at end of year	2018-12-31	$7,121,188
Value of total assets at beginning of year	2018-12-31	$7,084,380
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$48,876
Total interest from all sources	2018-12-31	$3,677
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$368,556
Participant contributions at end of year	2018-12-31	$8,786
Participant contributions at beginning of year	2018-12-31	$8,586
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$84,114
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$36,808
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$7,121,188
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$7,084,380
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Investment advisory and management fees	2018-12-31	$47,730
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$6,807,763
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$6,797,578
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$47,178
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$17,529
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$17,529
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$3,677
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$249,746
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$251,984
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-472,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$283,527
Employer contributions (assets) at end of year	2018-12-31	$7,715
Employer contributions (assets) at beginning of year	2018-12-31	$8,703
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$182,012
Contract administrator fees	2018-12-31	$1,146
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	No
Opinion of an independent qualified public accountant for this plan	2018-12-31	Unqualified
Accountancy firm name	2018-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2018-12-31	730604334
2017 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k financial data
Total income from all sources (including contributions)	2017-12-31	$1,829,778
Total of all expenses incurred	2017-12-31	$245,154
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$194,723
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$830,517
Value of total assets at end of year	2017-12-31	$7,084,380
Value of total assets at beginning of year	2017-12-31	$5,499,756
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$50,431
Total interest from all sources	2017-12-31	$1,490
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$367,650
Participant contributions at end of year	2017-12-31	$8,586
Participant contributions at beginning of year	2017-12-31	$9,609
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$179,192
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$1,584,624
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$7,084,380
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$5,499,756
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Investment advisory and management fees	2017-12-31	$48,983
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$6,797,578
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$5,288,819
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$17,529
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$9,024
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$9,024
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$1,490
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-31	$251,984
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-12-31	$185,300
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$997,771
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$283,675
Employer contributions (assets) at end of year	2017-12-31	$8,703
Employer contributions (assets) at beginning of year	2017-12-31	$7,004
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$194,723
Contract administrator fees	2017-12-31	$1,448
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	No
Opinion of an independent qualified public accountant for this plan	2017-12-31	Unqualified
Accountancy firm name	2017-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2017-12-31	730604334
2016 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$959,196
Total of all expenses incurred	2016-12-31	$430,635
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$388,480
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$614,421
Value of total assets at end of year	2016-12-31	$5,499,756
Value of total assets at beginning of year	2016-12-31	$4,971,195
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$42,155
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$3,500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$310,472
Participant contributions at beginning of year	2016-12-31	$0
Participant contributions at end of year	2016-12-31	$9,609
Participant contributions at beginning of year	2016-12-31	$6,714
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$88,332
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$528,561
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$5,499,756
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$4,971,195
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Investment advisory and management fees	2016-12-31	$40,272
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$5,288,819
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$4,732,799
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$9,024
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$18,607
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$18,607
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2016-12-31	$185,300
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2016-12-31	$206,301
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$344,775
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$215,617
Employer contributions (assets) at end of year	2016-12-31	$7,004
Employer contributions (assets) at beginning of year	2016-12-31	$6,774
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$388,480
Contract administrator fees	2016-12-31	$1,883
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2016-12-31	730604334
2015 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k financial data
Total income from all sources (including contributions)	2015-12-31	$328,655
Total of all expenses incurred	2015-12-31	$482,855
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$442,814
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$486,247
Value of total assets at end of year	2015-12-31	$4,971,195
Value of total assets at beginning of year	2015-12-31	$5,125,395
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$40,041
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$3,500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$274,069
Participant contributions at end of year	2015-12-31	$0
Participant contributions at end of year	2015-12-31	$6,714
Participant contributions at beginning of year	2015-12-31	$6,049
Value of other receiveables (less allowance for doubtful accounts) at end of year	2015-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$-154,200
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$4,971,195
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$5,125,395
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Investment advisory and management fees	2015-12-31	$39,159
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$4,732,799
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$4,776,021
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$18,607
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$2,549
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$2,549
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2015-12-31	$206,301
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2015-12-31	$325,439
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-157,592
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$212,178
Employer contributions (assets) at end of year	2015-12-31	$6,774
Employer contributions (assets) at beginning of year	2015-12-31	$15,337
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$442,814
Contract administrator fees	2015-12-31	$882
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	FINLEY & COOK P.L.L.C.
Accountancy firm EIN	2015-12-31	730604334
2014 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$917,369
Total of all expenses incurred	2014-12-31	$51,355
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$51,355
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$568,519
Value of total assets at end of year	2014-12-31	$5,125,395
Value of total assets at beginning of year	2014-12-31	$4,259,381
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$3,500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$255,280
Participant contributions at end of year	2014-12-31	$6,049
Participant contributions at beginning of year	2014-12-31	$5,987
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$105,014
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$866,014
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$5,125,395
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$4,259,381
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$5,104,009
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$4,236,577
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$348,850
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$208,225
Employer contributions (assets) at end of year	2014-12-31	$15,337
Employer contributions (assets) at beginning of year	2014-12-31	$16,817
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$51,355
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	FINLEY & COOK, P.L.L.C.
Accountancy firm EIN	2014-12-31	730604334
2013 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$1,237,382
Expenses. Total of all expenses incurred	2013-12-31	$95,021
Benefits paid (including direct rollovers)	2013-12-31	$95,021
Total plan assets at end of year	2013-12-31	$4,259,381
Total plan assets at beginning of year	2013-12-31	$3,117,020
Total contributions received or receivable from participants	2013-12-31	$243,365
Contributions received from other sources (not participants or employers)	2013-12-31	$47,882
Other income received	2013-12-31	$755,359
Net income (gross income less expenses)	2013-12-31	$1,142,361
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$4,259,381
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,117,020
Total contributions received or receivable from employer(s)	2013-12-31	$190,776
Value of certain deemed distributions of participant loans	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$0
2012 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$722,854
Expenses. Total of all expenses incurred	2012-12-31	$82,378
Benefits paid (including direct rollovers)	2012-12-31	$82,378
Total plan assets at end of year	2012-12-31	$3,121,322
Total plan assets at beginning of year	2012-12-31	$2,480,846
Value of fidelity bond covering the plan	2012-12-31	$3,500,000
Total contributions received or receivable from participants	2012-12-31	$217,486
Contributions received from other sources (not participants or employers)	2012-12-31	$46,419
Other income received	2012-12-31	$281,252
Net income (gross income less expenses)	2012-12-31	$640,476
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,121,322
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,480,846
Total contributions received or receivable from employer(s)	2012-12-31	$177,697
2011 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$186,233
Expenses. Total of all expenses incurred	2011-12-31	$326,860
Benefits paid (including direct rollovers)	2011-12-31	$326,860
Total plan assets at end of year	2011-12-31	$2,480,846
Total plan assets at beginning of year	2011-12-31	$2,621,473
Value of fidelity bond covering the plan	2011-12-31	$7,000,000
Total contributions received or receivable from participants	2011-12-31	$191,295
Other income received	2011-12-31	$-151,415
Net income (gross income less expenses)	2011-12-31	$-140,627
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,480,846
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,621,473
Total contributions received or receivable from employer(s)	2011-12-31	$146,353
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$736,907
Expenses. Total of all expenses incurred	2010-12-31	$344,599
Benefits paid (including direct rollovers)	2010-12-31	$344,599
Total plan assets at end of year	2010-12-31	$2,621,473
Total plan assets at beginning of year	2010-12-31	$2,229,165
Value of fidelity bond covering the plan	2010-12-31	$7,000,000
Total contributions received or receivable from participants	2010-12-31	$165,280
Contributions received from other sources (not participants or employers)	2010-12-31	$221,253
Other income received	2010-12-31	$269,185
Net income (gross income less expenses)	2010-12-31	$392,308
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,621,473
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,229,165
Total contributions received or receivable from employer(s)	2010-12-31	$81,189
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

2023: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-70021

Policy instance

Insurance contract or identification number	871-70021
Number of Individuals Covered	108
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-70021

Policy instance

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-70019

Policy instance

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

871-70021

Policy instance

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-Y1-LJ70

Policy instance

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-Y1-LJ70

Policy instance

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-Y1-LJ70

Policy instance

Potentially related plans

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Company Name:	F & M BANCSHARES, INC.
Employer identification number (EIN):	730956567
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Plan id#	Filing Submission Date	Name of Administrator
002	2024-01-01	AUDRA ARTERBURN
002	2023-01-01
002	2023-01-01	AUDRA ARTERBERN
002	2023-01-01	THERESA STEWART
002	2022-01-01
002	2022-01-01	THERESA STEWART
002	2021-01-01
002	2021-01-01	THERESA STEWART
002	2020-01-01
002	2019-01-01
002	2019-01-01
002	2017-01-01	THERESA STEWART
002	2016-01-01	THERESA STEWART
002	2015-01-01	THERESA STEWART
002	2014-01-01	THERESA STEWART
002	2013-01-01	THERESA STEWART
002	2012-01-01	THERESA STEWART
002	2011-01-01	HOWARD WINTER
002	2010-01-01	BARRY L. ANDERSON
002	2009-01-01	BARRY L. ANDERSON