F&M Bank Corp. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's net income was $2.5 million compared with $2.2 million a year ago. Net income available to common was $2.4 million or $0.74 per share compared with $2.1 million or $0.62 per share a year ago. Return on average assets was 1.35% compared with 1.32% a year ago. Return on average assets was 1.35% compared with 1.32% a year ago. Return on average equity was 11.53% compared with 10.59% a year ago. As on December 31, 2016, the company's book value per common share was $24.28 and tangible book value per common share was $24.07.

For the year, the company's net income was $9.6 million compared with $8.4 million a year ago. Net income available to common was $9.1 million or $2.77 per share compared with $7.9 million or $2.40 per share a year ago. Return on average assets was 1.34% compared with 1.31% a year ago. Return on average equity was 11.18% compared with 10.46% a year ago. Net interest income was $28.5 million compared with $26.5 million a year ago. Income before income taxes was $12.9 million compared with $11.5 million a year ago.

The company announced net charge-offs of $28,000 for the fourth quarter ended December 31, 2016.