How to File Taxes with Confidence: Deductions, Refund Timelines, and What Virginians Should Know in 2026

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Tax season is here, with plenty of changes at the state and federal level in terms of deductions. We know filing your state and federal income tax returns can be a real pain in the neck, so amid this changing landscape, we put together this Virginia 2026 tax filing guide to help you make the most of your deductions and keep more of what you earn.

The deadline to file your federal income tax returns is April 15, while the tax filing deadline in Virginia is May 1. In this blog, we’ll discuss tax deductions in Virginia as well as those at the federal level.

Who Must File State Income Taxes in Virginia

The income limits for those who must file state income tax returns in Virginia are based on their Virginia adjusted gross income (VAGI). These requirements apply to all residents, part-time residents, and nonresidents earning income from Virginia sources. We’ll explain how to calculate your VAGI below, but for 2025, these limits are:

  • Individuals: $11,950 or more.
  • Married couples filing jointly: $23,900 or more.
  • Married couples filing separately: $11,950 or more.

Those who aren’t required to file an income tax return in Virginia might still benefit from doing so if they’re eligible for refunds or tax credits.

Who Must File Federal Income Taxes

The requirements for filing a federal income tax return are largely based gross income:

  • Individuals: $15,750 or more.
  • The head of a household: $23,625 or more.
  • Married couples filing jointly: $31,500 or more (if both spouses are less than 65 years old), or $31,100 or more if one spouse is less than 65 years old.
  • Married couples filing separately: $5 or more.
  • Qualifying surviving spouse: $31,500 or more.

Even if you made less than these amounts, you still might want to file a return to get a refund on any taxes withheld by your employer. If you’re unsure if you need to file a federal tax return, the IRS has an online tool to help you determine this. The IRS has different income limits for those who are 65 and older, and for parents who have a blind dependent.

2025 Tax Deductions in Virginia

For the 2025 tax year, the standard deduction in Virginia for individuals is $8,750 for single filers and $17,500 for married couples filing jointly. Virginia taxpayers might also benefit from several tax credits and deductions that reduce their income tax liability.

The refundable Virginia Earned Income Tax Credit (EITC)

The refundable Virginia Earned Income Tax Credit (EITC) will increase from 15% to 20% of your federal EITC.

Those who claim this credit are prohibited from claiming a Credit for Low Income Individuals or a non-refundable Virginia Earned Income Tax Credit. Filers also can’t claim this credit if they’re claimed as a dependent on someone else’s Virginia income tax return or if you, your spouse, or any of your dependents claim any of these exemptions, deductions, or subtractions:

  • Subtraction for wages or salaries by members of the Virginia National Guard.
  • Subtraction for up to $15,000 of military basic pay for military personnel on extended active duty.
  • Subtraction for up to $15,000 of salary for a federal or state employee whose annual salary is $15,000 or less.
  • Personal exemption for blind or aged taxpayers.
  • Age deductions and subtractions.

Credit for Low Income Individuals (CLI)

The Credit for Low Income Individuals (CLI) is an income tax credit of up to $300 per person that are dependent deduction claimed on your Virginia income tax or credit. The credit may not exceed your tax liability, and those who claim the CLI can’t also claim either of Virginia’s Earned Income Tax Credits. To qualify, your family’s total Virginia adjusted gross income (VAGI) must be below federal poverty guidelines (more on that below).

Filers may not claim this credit if they’re claimed as a dependent on someone else’s Virginia income tax return, or if you, your spouse, or your dependents listed on your return claim any of the exemptions, deductions, or subtractions listed in the (EITC) limits mentioned above.

Income Limits for Virginia’s Credit for Low Income Individuals (CLI)

To qualify for Virginia’s Credit for Low Income Individuals (CLI), your household’s VAGI must be below federal poverty guidelines. Eligible exemptions for this credit apply to personal exemptions only. Someone may not claim this credit if they also claim exemptions for blindness or age.

Under the 2025 Federal Poverty Guidelines, the VAGI limits depend on the number of people in your household:

  • 1 Person: $15,650
  • 2 People: $21,150
  • 3 People: $26,650
  • 4 People: $32,150
  • 5 People: $37,650
  • 6 People: $43,150
  • 7 People: $48,650
  • 8 People: $54,150

Add $5,500 per person for each additional member.

How To Calculate Your Virginia Adjusted Gross Income (VAGI)

You can calculate your Virginia adjusted gross income (VAGI) by taking the adjusted gross income from your federal income tax return, including your spouse if you are filing jointly, and that of any dependents you are claiming on your returns. Then add any required additions to income required by the state, and subtract any Social Security income you receive, as well as any allowable subtractions from income.

For married couples filing separately, only one of them may claim a state tax credit. They must include the other spouse’s VAGI and any others listed as the spouse’s dependents on their return. While one spouse may claim the CLI, the entire family’s VAGI is used in determining their tax credit eligibility.

Virginia Subtractions from Income

The Commonwealth of Virginia allows several deductions and subtractions when determining your VAGI, as well as many tax credits. Some of the more frequently used subtractions involve age, disability, and military status.

Deductions for Those Age 65 and Older in Virginia

Those who were born on or before Jan. 1, 1960, may qualify for an age deduction on their VAGI. For those who are married and filing jointly, each person may claim an age deduction based on their date of birth. Those born before Jan. 1, 1939, may claim an age deduction of $12,000.

For those born on or between Jan. 1, 1939, and Jan. 1, 1960, the age deduction is based on the taxpayer’s federal adjusted gross income, modified for any adjustments, and reduced by any taxable Social Security and Tier 1 Railroad Benefits. The deduction is reduced by the amount that the taxpayer’s federal adjusted gross income exceeds $50,000 for individuals or $75,000 for married couples filing jointly. This deduction is not eligible for those who claim the disability income subtraction.

The Commonwealth of Virginia has an Age Deduction Calculator to help taxpayers figure out their eligibility for the age deduction.

Deductions for the Disabled in Virginia

Qualified taxpayers who are disabled can deduct up to $20,000 of disability income as defined by the IRS. Filers cannot claim this subtraction if they also claim the Age Deduction for Taxpayers Age 65 and older.

Basic Military Pay Exemptions in Virginia

For active service members, up to $15,000 of their military basic pay may be exempted from their state income taxes. The subtraction is reduced on a dollar-for-dollar basis for those whose income exceeds $15,000 and is fully phased out when someone’s pay reaches $30,000. Military personnel must serve on active duty for 90 days or more and can be stationed inside or outside of Virginia.

​​​​​​​Tax Deductions for Federal and State Employees in Virginia

Those who work for the state or federal government who earned $15,000 or less may subtract up to $15,000 when determining their adjusted gross income. This includes those who work directly for the state as well as employees of state-supported institutions of higher education.

Those who are active military members, reservists, in the National Guard, or employees of the United States Postal Service are not eligible for this subtraction. Unearned income, such as pensions and annuities, is not considered in determining eligibility for this subtraction.

The Virginia Firearm Safety Device Credit

The Firearm Safety Device Credit used to apply only to firearm safety devices purchased from a federally licensed firearms dealer. This credit now also applies to safety devices purchased from a commercial retailer. To qualify, someone must purchase one or more firearm safety devices during the year from a commercial retailer. The credit is equal to the cost of the safety device, up to $300 (or $600 for married couples filing jointly, with each spouse submitting an application. Any unused credit can be carried forward for up to five years.

The commonwealth issues up to $5 million in firearm safety device credits per year, which are allocated on a first-come, first-served basis. Allowable devices include gun safes, gun cases, lockboxes, trigger locks, and any other locking device that can be used to store a firearm. Filers should save the receipt when they purchase their safety device so they can use it when applying for the credit.

How to Check Your Income Tax Refund Status in Virginia

Virginia refund timelines in 2026 depend on how you filed your returns. Electronically filed returns can take up to four weeks, whereas returns filed on paper can take up to eight weeks. For any returns sent by certified mail, taxpayers should allow an additional three weeks. To check the status of your refund, you can use Virginia’s online Where’s my Refund tool or call 804.367.2486 for an automated refund system. Both options are available 24 hours a day, 7 days a week. The Virginia Department of taxation declares that those who file electronically before Feb. 2 can expect their refund to be processed by March 9.

How to Check the Refund Status on Your Federal Income Tax Return

The IRS says you can check your refund status within 24 hours after filing a current year tax return electronically, or four weeks after filing on paper. You will need your Social Security number or individual taxpayer ID number (ITIN), your filing status, and the refund expected on your return.

How to File Taxes for Free in Virginia

In Virginia, there are several options to file your income taxes for free electronically, based on your income level. Members of the military can use one of these services or use MilTax, a free tax preparation program for active-duty service members, eligible family members, survivors, and recent veterans within one year of their separation from service. Eligible users can file at no cost, connect with a tax consultant for free, and file up to five state returns and their federal returns for no charge.

Federal Changes for the 2025 Tax Year

Of course, changes have also been made at the federal level that impact your tax returns. These include:

Tax Cuts Made Permanent

The 2017 tax cuts that were set to expire will remain in place, along with federal tax brackets of 10% to 37%. A near-doubling of the standard deduction is now permanent.

SALT Deduction Expanded

For 2025, the state and local tax deduction (SALT) from $10,000 to $40,000 per return, but only for households earning less than $500,000. For those above that limit, the deduction phases down to $10,000. This is set to expire after 2029.

Child Tax Credit Increase

The child tax credit will increase to $2,200 per child in 2025 and will be indexed for inflation thereafter.

Estate and Gift Tax Exemption is Set at $15 Million

The estate and gift tax exemption is $15 million per person and will be indexed for inflation thereafter.

Changes for Tipped Wages and Overtime

Tipped workers may deduct up to $25,000 of their tipped income if their total income is below $150,000 for single filers or $300,000 for joint filers.

Those who receive overtime can deduct up to $12,500 for single filers and $25,000 for joint filers for qualified overtime pay.

The Auto Loan Interest Deduction Returns

For 2025, individuals can deduct up to $10,000 of interest charges on loans for U.S. assembled vehicles, although only for loans that began after Dec. 31, 2024. This deduction phases out above incomes of $100,000 for individuals or $200,000 for joint filers.

Contact Us for Help with Tax Season Financial Planning

If you’d like to discuss any savings strategies for your refund or planning around tax payments, please contact us today to set up an appointment at one of our many locations in Virginia, West Virginia, and the Shenandoah Valley area. Let us help you achieve your financial goals and make your money work for you.

Smart Financial Habits to Start the New Year: Virginia Families’ 2026 Checklist

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While many people make New Year’s resolutions such as exercising more and eating better, a new year financial checklist can be just as important and one you should definitely stick with. Family budgeting in Virginia isn’t just about making sure you’re saving enough and setting something aside for your future needs. Many parents hope to pass something on to their offspring with an inheritance, yet not keeping a budget can make that more difficult to accomplish, while also missing out on a chance to teach their children about financial responsibility.

Why Start Fresh Financial Habits in 2026?

It’s estimated that at least 75% of Americans have a monthly budget, yet only about 25% of them actually stick with it. Why not start the new year by setting aside old habits and learning some new ones? It could get you on the right path and help you develop the skills you need to build financial resiliency and make the most of what you earn.

Set Clear Goals for the New Year

All goals should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. Many people say they would like to save more money or set something aside for retirement, but something that vague really doesn’t give you something to aim for. It also doesn’t let you measure your progress. Drafting a list of clearly defined goals, how you’ll achieve them, and reviewing them throughout the year (along with your budget) makes it far more likely that you’ll accomplish them.

Review Your 2025 Money Wins & Lessons

It’s hard to chart a course for the future without looking into the rearview mirror. Take a close look at your income, expenses, and any debts you incurred or reduced over the past year. If you started the year with a budget, did you review it from time to time to see how you were doing? Did you meet your goals? If not, what obstacles got in your way? See what you can learn from the past year, in terms of your finances and your personal habits. Use this information to figure out how you can increase your odds of following through on your goals this year.

6 Smart Money Habits for Virginia Families

Good Virginia family financial habits can take time to develop so don’t feel like you have to adopt these personal finance tips for 2026 overnight, although the sooner you get started the better off you’ll be in the long run.

Create or Refresh Your Budget

If you’ve never created a budget before, or you haven’t reviewed yours in a while, start by making a list of all your household income. For many people, this starts with their wages or salary. Even if your income fluctuates or is seasonal in nature, try to get a firm monthly total that you can reasonably expect to make over the year. Also include any other sources of income, such as any side hustles or second jobs.

You can then make a list of all your regular monthly expenses. Taking a close look at your checking account and credit card statements can help jog your memory so you don’t leave anything out. A general rule of thumb for household budgeting is known as the 50/20/30 rule, where you allocate your after-tax income into three general categories:

  • 50% on your household needs such as housing (rent or a mortgage), utilities, clothes, and groceries. This may also include any regular financial support that you provide to your family, such as help with living or education costs.
  • 30% on wants, which refer to things you like to have but don’t exactly need. This could include nonessential or expensive food items, food delivery, streaming services, gym memberships, etc.
  • 20% on savings and debt. Savings doesn’t just mean whatever you may have in your savings account; it could also involve setting something aside for a future goal, such as saving up for a major purchase, retirement funds, or an education fund. Your debt payments may include a mortgage, loans, and credit cards.

Once you have these figures nailed down, you can subtract your monthly expenses from your monthly income to give you a bottom line of where you stand. If you routinely have a surplus at the end of each month, consider how to best use that money such as reducing debts or saving for retirement and other goals. If your monthly figures show you falling behind or just breaking even, consider ways to reduce your spending or increase your income to balance your budget and give you some breathing room.

Build (or Boost) Your Emergency Fund

Financial and budgeting experts recommend having three to six months’ worth of household living expenses as an emergency fund, kept in a safe location that you could access at any time. Most people keep their emergency funds in a savings account so they can also earn interest. Some keep their emergency funds in a savings account specifically designated for this purpose, to reduce the temptation of spending the money.

Now that you have your monthly budget figures in mind, you can figure out how much of an emergency fund you need in case of an unexpected expense or loss of income. For smaller families or those with a reliable income, six months could be enough in their emergency fund. Those with seasonal incomes, or who are the primary breadwinners with several dependents, may need more than six months’ worth of emergency savings to get by. This is one of the reasons why doing a detailed review of your finances is so important, so you can better prepare yourself for the unexpected.

A Federal Reserve survey last year revealed that 63% of adults said they could cover an unexpected $400 expense by using cash, savings, or a credit card that they could pay off in full when the statement arrived. Among those who couldn’t cover such an expense this way, 24% said they would cover the expense some other way, with the most frequent option being using a credit card and carrying a balance. The remaining 13% of adults said they would be unable to cover such an expense.

Clean Up and Track Your Credit Score

Your credit score has a direct impact on your ability to qualify for loans and the interest rate you’ll have to pay. It can even impact your ability to get a job. Fortunately, you can get a free credit report by visiting AnnualCreditReport.com. This service used to be available once per year, but you can now check your credit every week.

Checking your credit regularly not only lets you see how you’re doing, it also gives you a chance to spot any risks to your credit, such as identity theft. When you check your credit, take a close look at each report. If you see any inaccuracies or signs of fraud, such as accounts or debts that you don’t recognize, contact whichever bureau is reporting the information: Equifax, Experian, and TransUnion.

The three most important factors in determining your credit score are:

  • Your payment history (paying your bills on time): 35%.
  • Credit utilization (your total amount of available credit versus how much you’re actually using): 30%.
  • Your length of credit history (how long you’ve had each account): 15%.

Paying all your bills on time is crucial to maintaining a good credit rating. Your credit utilization does not include installment loans that you’re making regular payments on, such as mortgages and auto loans. It refers to things like credit cards and personal lines of credit. If you’re frequently maxing out or approaching the upper limits on your credit cards, that’s going to be a significant drag on your credit rating.

Your length of credit history includes all your active accounts, including any credit cards that you don’t use very much. Credit card companies will cancel the card after a period of inactivity, which could be anywhere from six months to two years. Even if you have a card that you don’t really use, it’s a good idea to keep it active because doing so can help your credit card in two ways. It’s a source of available credit, so having it available reduces your credit utilization ratio. It also helps with your length of credit history.

Applying for new credit can temporarily reduce your credit score, so if you plan on applying for any loans in the near future, you may want to hold off on any credit card or other applications in the meantime.

Plan for Big Expenses (College, Home, Travel)

It can take a long time to save up for college, so if there are any tuition bills in your family’s future, the sooner you start saving, the easier it’ll be when the time comes. Starting early not only gives you a chance to set more aside, you can also benefit from compound interest as your funds grow over time.

If you’re saving up for a down payment on a mortgage, take a close look at your home loan options in the Shenandoah Valley and consider a federally backed affordable housing program to see if you might be eligible. Of course, you can also check out real estate listings online to get an idea of what your buying costs could be.

Figuring out how to achieve these goals is a key reason why developing new financial habits and monthly budgeting are so important.

Talk to Your Kids About Money

For most kids, parents are their biggest influence and source of knowledge about money and budgeting—and whatever positive habits and money handling skills they learn at a young age can help set them up for success when they get older. Start teaching your kids about money as soon as possible.

Make sure they understand where money comes from, the hard work involved in earning a living, and the importance of spending (and saving) responsibly. If you’re saving up for a family vacation, let your kids know that this kind of expense takes planning and sacrifices. You might set up a chart and keep them informed on your progress as you explain how to reach your financial goal.

Even everyday purchases can be a teachable moment. At the grocery store, you could explain why you choose certain items and how the more you save today, the sooner you’ll have enough money to meet that vacation goal. If you have a major expense, such as a car repair, give them an idea of how much time you spend working to be able to afford this. Make sure they also understand that debt, such as carrying a balance on your credit card, reduces how much you can spend on other things, while saving and having something in the bank makes life easier for all of you.

Automate Savings & Bills

Many customers have part of each paycheck split between their checking and savings accounts, or they place their income into a checking account and have a specific amount automatically transferred into a savings account on a weekly or monthly basis. Many people discover that this makes it easier for them to save money and reduces the temptation to spend what they might’ve contributed to their savings goals. You could also have the transfer split between more than one savings account, such as an emergency fund, college fund, and your regular savings account. Automating your bill payments can help you pay your bills on time, which can help your credit score, as long as you always have enough in your checking account to cover your bills when they post to your account.

Tools and Resources to Keep You on Track

At F&M Bank, we offer personal banking resources such as checking accounts, credit cards, personal loans, savings accounts, and CDs. We also provide digital banking tools that make it easy for you to manage your funds, pay your bills, and transfer money through our online portal and mobile banking app.

Visit Us to Get Started

If you have any questions on New Year’s financial habits, personal banking, and how to meet your financial goals, please contact us today to set up an appointment at one of our many locations in Virginia, West Virginia, and the Shenandoah Valley area. Let us help you achieve your financial goals and make your money work for you.

 

Mortgage Rates Near a Three-Year Low: What It Means for Homebuyers

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If you’ve been following housing headlines or scrolling social media lately, you may have noticed a lot of buzz around mortgage rates. Some reports suggest rates are approaching levels not seen in several years , and while the full story is more nuanced than a headline, there is meaningful news for buyers and homeowners.

Here’s what’s happening, what may be influencing rates, and why now could be a good time to start a conversation with a local mortgage expert.

Where Mortgage Rates Stand Today

Recent market data shows 30-year fixed mortgage rates hovering in the low 6% range, with some daily measures placing rates near their lowest levels in nearly three years. While rates are still higher than the historic lows seen during the pandemic, they’ve eased compared to the peaks many borrowers faced over the past year.

It’s important to remember that mortgage rates:

  • Change frequently, sometimes daily
  • Vary by loan type, credit profile, and down payment
  • Differ between national averages and individual borrower quotes

That’s why headlines don’t always tell the full story, and why personalized guidance matters.

What’s Contributing to This Shift in Rates?

Mortgage rates are influenced by a wide range of economic and market factors, not any single event or decision. Some of the dynamics currently at play include:

Market Expectations

Financial markets closely watch inflation trends, economic data, and signals about future interest rate policy. When investors expect inflation to cool or economic growth to slow, mortgage rates can ease.

Bond Market Activity

Mortgage rates are closely tied to the bond market, particularly mortgage-backed securities and U.S. Treasury yields. Changes in investor demand for these bonds can push rates up or down.

Headlines & Short-Term Volatility

News, policy discussions, and market speculation can cause short-term fluctuations in rates. These movements don’t always last, but they can create windows of opportunity for borrowers who are prepared.

The takeaway: mortgage rates move based on broader economic forces, and shifts like we’re seeing now are the result of multiple factors working together.

What This Could Mean for Buyers and Homeowners

While rates may not be “low” by historic standards, being near a multi-year low can still make a real difference:

  • Improved buying power compared to recent highs
  • Lower monthly payments than borrowers may have seen earlier
  • More flexibility for buyers re-entering the market

For homeowners, it may also be a good time to review refinance options or future plans, even if you’re not ready to act immediately.

Why Pre-Approval Matters More Than Ever

In a changing rate environment, being prepared is key. A mortgage pre-approval or rate quote can:

  • Give you a clearer picture of what you can afford
  • Help you move quickly if the right home comes along
  • Allow you to take advantage of favorable market shifts

Most importantly, it replaces guesswork with real numbers.

Talk With a Local Mortgage Expert

Online headlines can be helpful, but they can’t replace local insight and personalized advice. Our mortgage team lives and works in the communities we serve, and they’re here to help you:

  • Explore current rate options
  • Understand how market changes affect your situation
  • Build a plan that fits your goals, whether you’re buying now or planning ahead

Thinking about buying, refinancing, or just want clarity? Reach out to our local mortgage experts today to request a pre-approval or rate quote. A simple conversation can help you decide what makes sense, now or in the future.

 

Mortgage rates and terms are subject to change. Individual qualifications, credit profile, and loan details apply. Equal Housing Lender. FDIC Insured. NMLS# 414464

Personal Loans in Virginia: Smart Ways to Consolidate Debt, Fund Goals, and Build Financial Flexibility

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Having financial flexibility is important when faced with mounting life expenses. Whether it be credit card debt, student loans, unexpected home or auto repairs, or simply affording a major purchase, personal loans offer Virginia residents an easy and affordable way to pay for it. And what’s more, they can be afforded without dipping into your savings or using high-interest credit cards.

Personal loans are a great way to navigate financial hurdles without losing control over your budget. A well-structured loan can provide both stability and peace of mind. Knowing your options helps you borrow smarter and stay financially confident.

If you’re thinking about a personal loan, this blog explores how they work, smart and savvy ways to use them, and the benefits of partnering with a community bank like F&M.

What Is a Personal Loan?

Personal loans are installment loans that you repay in fixed monthly payments, typically over a term of one to seven years. Because the monthly payments are fixed, you don’t need to worry about fluctuating interest rates like you do with credit cards, and there is a clear payoff date.

Most personal loans are unsecured, which means you don’t need collateral to acquire them. Eligibility, loan amounts, and interest rates are based on your credit history, credit score, and income. There are some secured personal loans that require collateral, but these are less common.

Personal loans can be used for almost any personal purpose, from consolidating debt to making home repairs. Unlike payday loans or high-interest credit cards, personal loans from trusted Virginia lenders like F&M Bank come with transparent terms, competitive rates, and personalized service. This makes them one of the most versatile financial tools available for borrowers who want to plan responsibly and achieve their goals with confidence.

So, what are some smart ways to use personal loans?

1. Consolidate Debt for Simpler, Lower Payments

A popular use for personal loans is debt consolidation. Debt consolidation lets you combine multiple high-interest debts (such as credit cards or payday loans) into one monthly payment.

If you were paying off three credit cards that each had 20% interest, paying these off with a personal loan would allow you to:

  • Reduce the amount of total interest you pay
  • Simplify your finances
  • Pay off the debt more quickly and predictably

In addition to streamlining payments, debt consolidation can also help improve your credit over time, since you’re lowering your revolving credit utilization.

2. Fund Major Life Goals

Personal loans can also be used for large purchases or events. Getting married, making home improvements, or going on a family vacation can be paid for with a personal loan that will help you avoid using your savings or paying high credit card interest. Knowing the payments and end date will also allow you to budget yourself wisely.

Here are a few ways borrowers use personal loans to fund life goals:

  • Home improvement projects. Depending on the home improvement project, it may not be covered by a home equity line of credit or home improvement loan. A personal loan can help cover these costs.
  • Education or training costs. Pay for new certifications or cover tuition gaps that can help advance your career.
  • Life events. Weddings, adoptions, or milestone celebrations can be expensive. A personal loan helps you spread out the cost without depleting your savings.

3. Cover Emergency or Unexpected Expenses

Emergencies and surprises happen, and having options to pay for them is important. Personal loans can help cover the costs of unexpected situations such as the following:

  • Urgent travel expenses
  • Medical/Veterinary fees
  • Appliance replacement
  • Tax bills
  • Legal fees
  • Car/home repair

F&M Bank makes obtaining a personal loan easy. With personalized support, you can quickly get access to funds to cover an emergency expense without added stress. Instead of turning to high-interest or short-term payday loans, a personal loan from your local Virginia bank offers a safer, more affordable solution to get you through life’s surprises.

4. Improve or Build Credit History

Although this might not be its primary use, a responsibly managed personal loan can help improve your credit. Installment loans such as personal loans, auto loans, and mortgages diversify your credit profile and establish your ability to manage and make fixed payments.

This consistent repayment history makes you eligible for better rates on future loans. Over time, that translates to lower interest rates on a mortgage, a car loan, or even a new credit card.

If you take out a personal loan, here’s how to leverage it to improve your credit score:

  • Pay on time, every time. Making consistent and timely payments has the largest impact on your credit score.
  • Avoid taking on too much debt. Your credit score won’t go up just because you take out a higher loan amount. Take out what you can reasonably repay without being late or missing payments.
  • Keep older accounts open. Don’t close old accounts. Maintaining stable, long-lasting lines of credit shows stability.

5. Refinance or Pay Off Existing Loans

Like debt consolidation, using a personal loan to pay off another high-interest debt can save you money over time. Maybe your credit has improved since you took out that car loan, and you qualify for a lower rate. By adjusting your rate or loan term, you can reduce your monthly payment, pay off the loan faster, and keep more money in your pocket.

If you already have a personal loan, auto loan, or other installment debt with high interest, refinancing can save you money over time. By securing a lower rate or adjusting your term, you can reduce your monthly payment or pay off your loan faster.

F&M Bank offers flexible loan options to fit your current needs, whether that means refinancing an existing loan or consolidating multiple debts.

6. Support Small Business or Side Hustle Goals

When you’re just establishing a small business or side gig, a personal loan can help cover startup costs. Whether you’re starting an online shop, investing in home office equipment, or beginning to market your business, a personal loan can give you the influx of cash you need.

It’s important to check with your lender if your business expenses can be covered by a personal loan, as some lenders have restrictions. It may also be that a business loan is a better fit, especially if your business is already established. Experienced lenders can help you explore your options and decide which loan best suits your entrepreneurial goals.

The Benefits of Choosing a Local Lender Like F&M Bank

Applying for a personal loan should come with a personalized touch. Local banks such as F&M are more in touch with the community and its financial needs than the national lenders. Whether you’re consolidating debt, improving your home, or planning a big life event, F&M Bank provides the tools and support you need to borrow with confidence.

At F&M Bank, we believe in lending that’s personal — flexible, transparent, and rooted in community values. Our team is here to help you find the best loan for your needs. Stop by one of our convenient Shenandoah Valley locations or schedule an appointment today!

A Year-End Financial Reset: Simple Steps to Start 2026 Strong

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The end of the year is an ideal time to reassess your finances and set yourself up for success in the year ahead. A thoughtful financial reset now, before January arrives, can help you feel more confident, prepared, and in control in 2026.

Here are a few practical ways to fine-tune your financial health before the calendar turns.

 

Revisit Your Savings Strategy

As interest rates change, your savings approach should evolve too. Take time to review where your money is currently held, whether that is a traditional Savings Account, a Money Market account, or Certificates of Deposit.

For savers looking to balance growth and accessibility, a CD ladder can be an effective strategy. By staggering maturity dates, you may earn higher interest while still having periodic access to your funds.

 

Plan a January Financial Reset Budget

Holiday spending can easily carry into the new year. Creating a January budget now helps you reset without stress.

Outline your expected expenses, identify areas where you can temporarily scale back, and give yourself a clear financial roadmap. Starting the year with a plan can make a meaningful difference in staying on track with your financial goals.

 

Review Automatic Payments and Subscriptions

Recurring payments often go unnoticed but can significantly impact your monthly cash flow. Reviewing subscriptions and automatic withdrawals allows you to identify charges that may no longer serve your needs.

A simple review of your Financial Health Suite can uncover opportunities to save without sacrificing convenience.

 

What Is Your Financial Hurdle?

Everyone faces different financial challenges. Understanding yours can help you take intentional steps forward. Here are a few common hurdles, and some practical ways to tackle them.

 

If impulse buying is your challenge…

Small, frequent purchases can quickly add up.

Try this:

  • Set spending alerts through F&M Online or Mobile Banking
  • Create a separate ‘fun money’ account for discretionary spending
  • Pause for 24 hours before making non-essential purchases

Small guardrails can help you stay in control without feeling restricted.

 

If saving feels overwhelming…

Saving can feel overwhelming without a clear plan.

Try this:

  • Automate transfers to your savings accounts
  • Break goals into short-term and long-term milestones
  • Explore higher-yield savings options like Money Markets or Certificates of Deposit

Consistency matters more than perfection.

 

If long-term planning keeps getting pushed aside…

Retirement, emergencies, and future goals are easy to delay when life gets busy.

Try this:

  • Schedule regular financial check-ins
  • Review beneficiaries and account designations
  • Work with a financial professional, like our F&M Wealth team, to create a plan aligned with your goals

A clear plan can turn uncertainty into confidence.

 

Let’s Plan for 2026, Together

A financial reset does not require major changes, just intentional ones. By taking a fresh look at your savings, spending, and goals now, you can move into 2026 feeling prepared and empowered.

If you would like help reviewing your accounts or planning your next steps, our team is here to support you.

Why Credit Scores Are Not That Scary

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Let’s face it – today’s financial landscape is a challenge for everyone. From everyday expenses to saving for a big purchase like a car or home, knowing how to plan and navigate finances can feel overwhelming. While many people use simple tools like savings accounts to plan for the future, it won’t make any difference when it comes to large purchases if you don’t know your credit score.

Credit scores are used by all major financial institutions to determine how much you can borrow, and how much it will cost you. The better the credit score, the more you can borrow and the less interest you’ll pay. A bad credit score? That’s a whole other story.

Not knowing or not working on your credit score can mean higher than average interest rates with lower borrowing power. Want that new car you’ve been dreaming of, or do you think you’re ready to buy a home? Without knowing or having a strong credit score it probably won’t happen, or you’ll pay more in the end.

F&M Bank can help break down what makes up a credit score, how to improve, tips for staying on track, and help make the idea of knowing your credit score less scary. Since the 1900s, F&M Bank has been serving the residents of the greater Shenandoah Vally with small town customer services and robust digital banking.

Now get ready to take some notes, create your action plan to check and improve your score, and feel secure when you apply for an F&M Bank credit card or other financial products.

Understanding the Credit Card Application Process

Before we dive into credit scores, ways to improve, and the importance of a budget, let’s start with understanding the application process for an F&M Bank credit card

There are 5 basic steps:

  • Understanding Your Credit Score – basic information on what makes up a credit score and how it impacts your approval.
  • Determine the Type of Credit Card You Need – consider what type of benefit you are looking for in a credit card
  • Research Credit Card Options – View side-by-side comparison of F&M Bank’s credit card options
  • Check Eligibility Requirements – Connect with an F&M Bank customer service representative to review all eligibility requirements.
  • Submit Your Credit Card Application – You can complete your application online or visit one of our locations if you want help with the application process.
  • What to Expect After Submitting Your Application – depending on the type of card you are applying for, it may take a few business days for a decision. Your F&M Bank customer service representative can help answer any questions.

What’s In a Number?

No other 3-digits in the world hold as much power as your credit score. This determines if you meet the minimum requirements for a credit card or home loan or auto loan.  impacts on the difference between a great interest rate vs. a high one. While the average credit score is 620, as many as 24% of people either don’t know their credit score or have not checked in the last 12 months.

But checking your credit score is easier than you think. Many banks offer credit services, along with these great resources that can not only help you know where you stand, but can offer tips and programs to improve your score.

Don’t Panic if Your Score is Below Average

Just because your credit score is below the average 620, you don’t have to panic. In fact, 20% of people either have a Poor or Average credit score. Knowing what steps you can take to improve in both the short and long term can help build better habits that can lead to a sustained good credit score.

The best way to start improving your credit score is to follow these tips:

Pay Bills On Time

Consistently paying regular bills like utilities, rent or mortgage, and even your cell or internet has a positive impact on your credit score. The best way to ensure you don’t get a late payment on your credit report is to pay bills on time, consistently, and using features like auto-pay can help you stay on track.

Review Credit Report for Errors

Many people simply look at their credit score but don’t take the time to thoroughly review, which can be a bad thing. Roughly 27% of credit reports actually have errors that should be addressed immediately. This can be anything from personal information, incorrect reporting of missed payments, or accounts that are marked ‘closed’ but are in fact still active. The Consumer Financial Protection Bureau has a great resource that outlines the most common errors and action you can take to get them fixed.

Keep a Healthy Credit Utilization

Even if you have only one credit card or merchant card, ensuring you’re not relying on rotating credit can improve your score. You want to aim for using about 30% of your available credit at all times; going above or maxing out account can actually lower your score. This is because financial institutions are looking for borrowers that use credit wisely, rather than consistently relying on available credit.

It will take some hard work and time but give yourself about 3 to 5 months and you will see results. F&M Bank also has a great resource to help you clean up your credit score to get ready to apply for a credit card or loan.

Create a Budget  

While this may seem like an obvious tip for getting control of your finances, many people don’t spend enough time creating and sticking to a budget. Roughly 27% of people either don’t use a budget or don’t feel it is needed. But understanding your finance can open up opportunities to keep a healthy credit score, get better rates on loans, and save for the future.

The most common budget framework is the 50%/30%/20% rule. Here is what it means:

  • 50% – goes to daily living expenses like rent or mortgage, utility bills, groceries, credit cards, really anything that is needed for day-to-day living.
  • 30% – goes to things that you want like saving for vacation, a new car, having a night on the town, and other fun but not needed expenses
  • 20% – goes to savings and financial goals like retirement and building more financial security

Once you create a budget that works for you, use the tools in F&M Bank’s Online and Mobile Banking App to monitor and track your daily expenses, pay bills, and set account alerts. Just like working on your credit score, sticking to a budget takes time and practice but pays off in the end.

Appy for an F&M Bank Credit Card

Now that you know how to check and improve your credit score, the credit card application process, and create a budget, it’s time to unlock for potential with an F&M Bank credit card. Apply online or visit one of our locations today and learn now more than 100 years of financial services in the greater Shenandoah Vally makes F&M Bank your trusted banking partner.

F&M Financial Services Announces Rebrand to F&M Wealth

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Timeless Guidance, Modern Approach

Timberville, VA – August 11, 2025 – F&M Financial Services, the wealth management division of F&M Bank, is pleased to announce that effective September 1, 2025, it will begin operating under a new name: F&M Wealth.

The updated brand reflects the division’s evolution and continued focus on helping clients navigate today’s complex financial landscape with clarity, purpose, and confidence. The refreshed name and logo will be introduced across marketing materials, client communications, and digital platforms.

“F&M Wealth better captures the forward-thinking, client-centered service our team has always provided,” said Calan Jansen, SVP with F&M Bank and Osaic Institutions Financial Advisor with F&M Wealth. “While our look is changing, our people and our commitment remain the same.”

The rebrand does not affect account structures, advisor relationships, or investment strategies. Clients will continue to work with the same trusted advisors and access the same suite of products and services they have come to rely on. Securities and advisory services will still be offered through F&M Wealth’s partner, Osaic Institutions, Inc.

About F&M Wealth

F&M Wealth provides comprehensive financial planning, retirement strategies, and investment solutions tailored to individual and business needs. The division is committed to building relationships through thoughtful guidance, fiduciary responsibility, and deep community ties.

 

Securities and advisory services offered through Osaic Institutions, Inc., member FINRA/SIPC. Osaic Institutions and F&M Bank are not affiliated. Products and services made available through Osaic Institutions, Inc. are:
• Not a deposit
• Not FDIC insured
• Not insured by any federal government agency
• Not guaranteed by the bank
• May go down in value

Fraud Alert: Beware of Spoofed Calls Claiming to Verify Debit Card Transactions

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Recent Scam Targeting Valley Residents

We have received multiple reports of customers receiving phone calls from 540-896-8941, with the caller posing as an F&M Bank representative attempting to verify debit card transactions. Please be aware that these calls are fraudulent and not from F&M Bank.

Important: If you have provided any personal or account information during such a call, please contact our Fraud Department immediately so we can take appropriate action to protect your account.

Understanding Spoofing and Phishing

Cybercriminals often use tactics like spoofing and phishing to deceive individuals. While these methods are related, they have distinct characteristics:

What is Spoofing?

Spoofing involves disguising communication from an unknown source to appear as if it’s from a trusted source. This can include:

  • Caller ID Spoofing: Making a phone call appear as if it’s coming from a legitimate number.

  • Email Spoofing: Sending emails that appear to come from a trusted email address.

  • Website Spoofing: Creating fake websites that mimic legitimate ones.

The goal is to trick individuals into believing they are interacting with a trusted entity, thereby gaining access to sensitive information or systems .

What is Phishing?

Phishing is a type of cyberattack where attackers send fraudulent messages, often via email, that appear to come from reputable sources. These messages typically aim to:

  • Steal sensitive data like login credentials or credit card numbers.

  • Install malware on the victim’s device.

  • Trick individuals into clicking malicious links or attachments.

Phishing attacks often use spoofing techniques to make their messages appear more convincing .

How F&M Bank Communicates About Fraud

At F&M Bank, your security is our top priority. Our fraud detection services may contact you via text, email, or phone call if we detect suspicious activity. However, please note:

  • We will never ask you to click on a link to cancel a charge.

  • Our legitimate fraud alerts will only ask you to confirm if you initiated a transaction by replying with “V” for Valid or “F” for Fraud.

  • While our fraud detection services may text, email, or call you for suspicious activity, these communications will come from an 800 number.

An example of a valid fraud alert from us would be:

“F&M Bank Fraud Alert: Did you attempt a transaction of $200 at XYZ Store? Reply ‘V’ if valid or ‘F’ if fraud.”

Tips to Protect Yourself

  • Be Skeptical of Unsolicited Communications: If you receive a call, text, or email asking for personal information, verify its authenticity by contacting us directly using official contact information.

  • Do Not Share Sensitive Information: Never provide your account numbers, passwords, or Social Security number to unsolicited callers or emails.

  • Monitor Your Accounts: Regularly check your bank statements and account activity for unauthorized transactions.

  • Report Suspicious Activity: If you suspect you’ve been targeted by a scam, contact us immediately.

  • Set up Transaction Alerts: Receive notifications from F&M Mobile and Online Banking when your account drops below a set balance or when large transactions hit your account.

  • Control Your Card: You can turn off your debit card at any time with F&M Mobile and Online Banking.

Contact Us

If you have any concerns or need to report suspicious activity, please reach out to your nearest F&M Bank location.

Stay vigilant and protect your personal information. Your security is our priority.

New Tariffs Drive Market Volatility

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New Tariffs Drive Market Volatility

At 4:00 p.m. on April 2, 2025, President Trump announced sweeping tariffs on imported goods that were significantly larger and different in structure than expected. The announcement was carefully timed to coincide with the close of the New York Stock Exchange to avoid immediate market volatility. But over the next two days, the S&P 500 — generally considered representative of the U.S. stock market — plunged by 10.5%. The Dow Jones Industrial Average lost 9.3%, and the tech-heavy NASDAQ index dropped 11.4%.1 The two-day rout erased $6.6 trillion in market value, the largest two-day shareholder loss in U.S. history.2

Market volatility continued on Monday, April 7, with prices swinging widely throughout the day, but the final results were more moderate. The S&P 500 dropped slightly by 0.23%, the NASDAQ was up slightly by 0.10%, and the Dow fell 0.91%.3

Obviously, a quick market drop is cause for concern, but it’s important not to overreact and to maintain a steady eye on long-term goals. It may be helpful to consider the causes of the current market volatility along with a longer-term view of market trends.

A surprising approach

The tariffs announced on April 2 were promised as a program of “reciprocal tariffs,” which are traditionally defined as matching the tariffs other countries levy on U.S. goods and theoretically leveling the playing field. Determining reciprocal tariffs typically requires exhaustive analysis of a complex web of global trade rules on tens of thousands of products. Investors hoped for a moderate, measured program, and it’s notable that the S&P 500 actually rose steadily in the three trading days before the announcement.4

The tariffs the president announced took investors by surprise. They were not reciprocal tariffs by the traditional definition but rather based on the trade deficit in goods between the United States and a given country. Trade in services, in which the United States often has a surplus, was not considered.

Specifically, the tariff was calculated based on the ratio of the country’s 2024 goods trade deficit with the United States to the total value of its goods exports to the United States, multiplied by one half. Thus, if Country A sold $200 billion in goods to the United States and bought $100 billion in U.S. goods, the deficit was $100 billion, and the tariff was calculated as $100B/$200B = 50% x ½ = 25% tariff. Nearly all countries were assessed a minimum 10% tariff, regardless of the balance of trade, but Canada and Mexico, which already have substantial tariffs due to previous actions, are exempt from the new round. Other exceptions include Russia and North Korea, which are under trade sanctions.5

The Trump administration maintains that this calculation will close trade deficits, but most economists believe that such deficits are not necessarily bad or the result of unfair trading practices — and the calculation resulted in unexpectedly high new tariffs.6 The European Union, which provides almost one-fifth of U.S. imports, was assessed a 20% tariff, while China was assessed 34% on top of the recent 20% boost and other tariffs already in place. Other important sources of imports with high new tariffs include Vietnam (46%), Taiwan (32%), India (27%), South Korea (26%), and Japan (24%).7 Tariffs on most countries are now higher than the tariffs they charge for U.S. goods, and even countries that buy more U.S. goods than they sell, such as Australia and Argentina, will still pay the 10% minimum tariff.8–9

Concerns and potential revenue

There is an adage that the market doesn’t like surprises, and part of the market reaction was due to the unusual approach, with an untried calculation, higher-than-expected tariffs on many trading partners, and a minimum tariff on nearly every country of the world. But there is also a fundamental concern that these tariffs, on top of previously levied tariffs, will increase consumer prices to a level that seriously slows consumer spending, the driving force of the U.S. economic engine. Higher import prices can also hurt U.S. companies that depend on imported materials and parts, while retaliatory tariffs and other economic sanctions could hurt U.S. companies that export goods and/or do business abroad.

On the other hand, the Trump administration’s stated goals are to stimulate U.S. manufacturing, address unfairness in international trade, and increase U.S. revenue, which could be used to decrease other taxes. Trump economic advisor Peter Navarro estimated that the tariffs could raise more than $6 trillion over ten years. This estimate is likely on the high end, because it assumes that tariffs, trade, and consumer behavior will not change. But revenue approaching that level could pay for extending the 2017 tax cuts, which are scheduled to expire at the end of 2025 and could decrease revenue by about $4.5 trillion over the next ten years if extended.10

Moreover, the tariffs as announced may be intended in part as a starting point for negotiations. President Trump and Vietnam’s leader, To Lam, have already begun discussions, with Lam offering to reduce his country’s tariffs on U.S. goods to 0% in return for reduction of the U.S. tariffs. It’s likely that there will be negotiations with many key U.S. trading partners as the tariff program evolves.11

Investing for the long term

Although it is impossible to predict the market, you can probably expect volatility for some time. The NASDAQ Index officially entered a bear market — a loss of at least 20% from a previous high — at the end of trading on April 4, while the S&P 500 Index — down more than 17% from its recent high — is approaching bear territory.12–13 While any substantial decline can be worrisome for investors, it’s important to remember that markets are cyclical. Regardless of the reasons for a downturn, the market has always bounced back. Here are some other considerations that may help provide perspective:

  • After a down year in 2022, the S&P 500 gained 24.23% in 2023 and 23.31% in 2024, the largest two-year increase since 1998. 14–15 Although 2025 has been rocky, the index set an all-time record on February 19, 2025, after the initial round of tariffs was announced. 16 So the current market turmoil is coming after a period of unusual strength. While it may be disturbing to watch the value of your investments decline, the current drop is from a high level, and the current value of your portfolio might be similar to what it was at a time when the value seemed satisfying.
  • The losses you see in your investment account are only paper losses until you sell. Panic selling locks in those losses. Historically, some of the best days of stock market performance have followed some of the worst days. No one can predict market direction, and pulling out of the market due to an emotional reaction can lead to missing gains on the way back up.
  • A down market can offer buying opportunities, but no one knows when the market has reached bottom, so — as with selling — purchasing decisions should be made rationally based on a long-term strategy.
  • Since 1928, the S&P 500 Index (including an earlier version) has returned an annual average of about 10%, but annual returns have varied widely. 17 Over 97 years, there have been 65 positive years, 30 negative years, and two flat years. 18
  • During this same period, there have been 24 S&P 500 bull markets (not counting the current bull) and 23 bear markets. The average bull market lasted 1,102 days and had a positive return of 121.4%. The average bear market lasted 340 days and had a negative return of -36.8%. 19 Put simply, bulls have lasted longer than bears, and bull gains have substantially eclipsed bear losses.

Past performance is not a guarantee of future results, but the clear message in these statistics is that it pays to be patient and stick to your long-term strategy. This is true during any period of market volatility, but the current situation — primarily driven by the reciprocal tariff regimen — is still so new and subject to change, it may be unwise to place too much emphasis on the initial market reaction. Even if the president maintains the current trade policy, the U.S. economy and the U.S. stock market have proven time and time again to be resilient and adaptable to changing economic conditions.

All investing involves risk, including the possible loss of principal, and there is no guarantee that any investment strategy will be successful. The S&P 500 Index is an unmanaged group of securities that is considered to be representative of the U.S. stock market in general. The performance of an unmanaged index is not indicative of the performance of any specific investment. Individuals cannot invest directly in an index. Past performance is no guarantee of future results. Actual results will vary.

1, 3–4, 13, 16) Yahoo Finance, April 7, 2025

2) Morningstar, April 4, 2025

5, 7, 9) The New York Times, April 4, 2025

6, 8) The Wall Street Journal, April 7, 2025

10) CNBC, April 2, 2025

11) The New York Times, April 6, 2025

12) Reuters, April 4, 2025

14) S&P Global Indices, 2025

15) MarketWatch, December 31, 2024

17) Investopedia, December 26, 2024

18) www.macrotrends.net, 2025

19) Yardeni Research, January 21, 2024

 

There is an adage that the market doesn’t like surprises, and part of the market reaction was due to the unusual approach.

Prepared by Broadridge Advisor Solutions. © 2025 Broadridge Financial Services, Inc.

Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. F&M Financial Services is a trade name of F&M Bank. Osaic Institutions and F&M Bank are not affiliated.

Securities and Insurance Products:

Not Guaranteed by the Bank | Not FDIC Insured | Not a Deposit | Not Insured by Any Federal Government Agency | May Lose Value Including Loss of Principal

There’s Still Time: What You Should Know About the IRA Contribution Deadline

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There’s Still Time: What You Should Know About the IRA Contribution Deadline

As tax season approaches, so does an important opportunity to invest in your future. If you haven’t yet made your IRA contribution for 2024, there’s still time. The IRS allows contributions to be made up until April 15, 2025, and taking advantage of this window can offer valuable financial benefits.

Why the Deadline Matters

Contributing to an IRA before the deadline allows you to maximize your retirement savings and potentially reduce your taxable income for the 2024 tax year.

2024 Contribution Limits

For 2024, you can contribute up to:

  • $7,000 if you’re under age 50
  • $8,000 if you’re age 50 or older (thanks to the $1,000 catch-up contribution)

These limits apply to the combined total of your contributions to both Traditional and Roth IRAs.

Traditional IRA vs. Roth IRA

Traditional IRA:

  • Contributions may be tax-deductible, depending on your income and whether you’re covered by a retirement plan at work
  • Taxes are paid when you withdraw funds in retirement

Roth IRA:

  • Contributions are made with after-tax dollars
  • Qualified withdrawals in retirement are tax-free

Choosing the right IRA depends on your income level, current tax bracket, and long-term goals.

Who Can Contribute?

You must have earned income to contribute to an IRA. For Roth IRAs, eligibility phases out at higher income levels:

  • For single filers: eligibility phases out between $146,000 and $161,000
  • For married couples filing jointly: between $230,000 and $240,000

Last-Minute Strategy Tips

  • Review your 2024 income and tax situation to determine which type of IRA offers the best advantage
  • Make your contribution as early as possible to give your money more time to grow
  • Consider a consultation with your financial advisor to ensure your contributions align with your overall retirement strategy

Let’s Talk Before the Deadline

Don’t leave potential tax savings on the table. Our wealth advisors are here to help you make smart moves before the April 15 deadline. Reach out today to schedule a conversation and get the most out of your 2024 contributions.

This article is for informational purposes only and should not be considered tax or investment advice. Please consult your financial and tax professionals for guidance specific to your situation.

Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. F&M Financial Services is a trade name of F&M Bank. Osaic Institutions and F&M Bank are not affiliated.

Securities and Insurance Products:

Not Guaranteed by the Bank | Not FDIC Insured | Not a Deposit | Not Insured by Any Federal Government Agency | May Lose Value Including Loss of Principal