F & M Bank Management
Management criteria checks 4/4
F & M Bank's CEO is Mike Wilkerson, appointed in Apr 2023, has a tenure of 1.58 years. total yearly compensation is $433.24K, comprised of 77.8% salary and 22.2% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth $409.88K. The average tenure of the management team and the board of directors is 2.1 years and 5 years respectively.
Key information
Mike Wilkerson
Chief executive officer
US$433.2k
Total compensation
| CEO salary percentage | 77.8% |
| CEO tenure | 1.6yrs |
| CEO ownership | 0.6% |
| Management average tenure | 2.1yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5m |
| Jun 30 2024 | n/a | n/a | US$6m |
| Mar 31 2024 | n/a | n/a | US$3m |
| Dec 31 2023 | US$433k | US$337k | US$3m |
| Sep 30 2023 | n/a | n/a | US$4m |
| Jun 30 2023 | n/a | n/a | US$5m |
| Mar 31 2023 | n/a | n/a | US$7m |
| Dec 31 2022 | US$403k | US$263k | US$8m |
| Sep 30 2022 | n/a | n/a | US$8m |
| Jun 30 2022 | n/a | n/a | US$8m |
| Mar 31 2022 | n/a | n/a | US$9m |
| Dec 31 2021 | US$345k | US$241k | US$11m |
Compensation vs Market: Mike's total compensation ($USD433.24K) is below average for companies of similar size in the US market ($USD652.28K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Wilkerson (66 yo)
1.6yrs
Tenure
US$433,236
Compensation
Mr. Aubrey Michael Wilkerson also known as Mike., serves as Chief executive Officer and Director at F & M Bank Corp. and Farmers & Merchants Bank since April 10, 2023 and had been its Northern Market Execu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.6yrs | US$433.24k | 0.56% $ 409.9k | |
| President | 1.6yrs | US$431.76k | 5.1% $ 3.7m | |
| Executive VP & Chief Development Officer | 2.2yrs | US$294.00k | 0.19% $ 141.0k | |
| Executive VP & CFO | 2.1yrs | no data | 0.072% $ 52.5k | |
| Senior VP & Marketing Director | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | no data | no data | 0.13% $ 97.4k | |
| Senior VP & Loan Operations Manager | no data | no data | no data | |
| Senior Vice President & Deposit Operations Officer | no data | no data | no data | |
| Senior VP & Dealer Finance Manager | no data | no data | no data | |
| Senior VP & Area Market Manager | 4.8yrs | no data | no data | |
| Senior VP of Agriculture & Rural Programs Leader | 4.2yrs | no data | no data | |
| Senior VP & Valley Market Executive | no data | no data | no data |
2.1yrs
Average Tenure
53yo
Average Age
Experienced Management: FMBM's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.6yrs | US$433.24k | 0.56% $ 409.9k | |
| Independent Chairman of the Board | 30.8yrs | US$47.87k | 0.37% $ 268.2k | |
| Vice Chairman | 20.8yrs | US$40.27k | 1.3% $ 949.2k | |
| Independent Director | 3.3yrs | US$40.77k | 0.51% $ 369.9k | |
| Independent Director | 14.5yrs | US$41.47k | 0.19% $ 139.1k | |
| Independent Director | 9.1yrs | US$39.87k | 4.96% $ 3.6m | |
| Independent Director | 7yrs | US$41.02k | 0.17% $ 124.5k | |
| Independent Director | 5yrs | US$40.67k | 0.045% $ 32.7k | |
| Independent Director | 3.3yrs | US$40.27k | 0.052% $ 38.3k | |
| Independent Director | 3.3yrs | US$40.17k | 0.018% $ 13.1k | |
| Director | less than a year | no data | no data |
5.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FMBM's board of directors are considered experienced (5 years average tenure).