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Farmers & Merchants Bancshares, Inc.

CIK: 1698022 SIC: 6036
$20.84M
Net Interest Income
$4.28M
Net Income
74.9%
Efficiency Ratio
2.47%
Net Int. Margin
8.2%
ROE
Financial Statements Quarterly (10-Q)
Showing 14 of 27 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Interest Income $11.22M $10.96M $10.29M $9.89M $10.27M $9.85M $9.18M $9.07M $8.88M $8.00M $7.38M $7.05M $6.92M $6.59M
Interest Expense $4.67M $4.61M $4.30M $4.39M $4.83M $4.76M $4.05M $3.89M $3.58M $2.81M $2.11M $1.40M $623.25K $494.31K
Net Interest Income $6.55M $6.35M $5.99M $5.50M $5.44M $5.08M $5.13M $5.17M $5.30M $5.19M $5.27M $5.66M $6.30M $6.09M
Provision for Credit Losses $103.00K $327.00K $238.00K $30.00K $150.00K - - - - $-75.00K $-225.00K $-270.00K $380.00K -
Net Interest Income After Provision $6.45M $6.03M $5.75M $5.46M $5.29M $5.08M $5.13M $5.17M $5.30M $5.26M $5.50M $5.93M $5.92M $6.00M
Non-Interest Income $456.00K $551.00K $456.00K $514.00K $422.61K $451.02K $373.96K $504.42K $422.61K $383.23K $403.25K $382.41K $1.02M $337.49K
Non-Interest Expense $4.66M $4.41M $4.73M $4.50M $4.62M $4.07M $4.12M $4.11M $3.95M $3.75M $3.69M $3.76M $4.21M $3.78M
Compensation & Benefits $2.14M $2.18M $2.19M $2.21M $2.01M $1.88M $1.99M $1.98M $1.90M $1.92M $1.85M $1.88M $2.21M $1.99M
Occupancy Expense $279.00K $281.00K $280.00K $328.00K $271.40K $274.58K $277.69K $246.33K $229.38K $229.13K $202.15K $214.12K $219.99K $229.27K
Technology & Equipment $426.00K $370.00K $480.00K $335.00K $395.50K $327.20K $327.88K $242.42K $243.58K $246.90K $252.92K $239.73K $248.97K $203.07K
Professional Fees $173.00K $174.00K $218.00K $173.00K $335.14K $166.49K - - $326.54K - - - - -
Other Non-Interest Expense $518.00K $500.00K $540.00K $567.00K $360.30K $539.31K $1.08M $1.04M $-730.66K $1.01M $838.91K $833.09K $-957.40K $945.93K
Income Before Tax $2.25M $2.17M $1.48M $1.48M $1.09M $1.46M $1.38M $1.57M $1.77M $1.90M $2.21M $2.55M $2.72M $2.55M
Income Tax Expense $549.00K $462.00K $280.00K $316.00K $237.71K $341.51K $305.56K $346.22K $355.61K $467.13K $543.32K $651.20K $705.79K $575.24K
Net Income $1.70M $1.71M $1.20M $1.16M $856.38K $1.12M $1.08M $1.22M $1.42M $1.43M $1.67M $1.90M $2.01M $1.97M
Basic EPS nan 0.53 0.38 0.37 0.28 0.36 0.35 0.39 0.45 0.46 0.54 0.62 0.66 0.65
Diluted EPS nan 0.53 0.38 0.37 0.28 0.36 0.35 0.39 0.45 nan nan nan nan nan
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Due from Banks $46.11M $51.67M $30.28M $21.78M $63.96M $16.27M $24.21M $25.38M $44.40M $23.47M $11.03M $8.30M $6.41M $14.50M
Interest-Bearing Deposits $566.00K $521.00K $1.00M $918.00K $697.00K - - - - - - - - -
Investment Securities - AFS $118.73M $121.14M $121.43M $123.78M $125.71M $159.50M $157.52M $162.13M $164.08M $136.56M $119.76M $125.82M $126.31M $128.61M
Investment Securities - HTM $21.05M $21.13M $21.33M - $20.50M - - - - - - - $20.51M $20.54M
Loans & Leases (Gross) $638.34M - - - $587.96M - - - - - - - - -
Allowance for Loan Losses - - - $4.30M $4.26M $4.19M $4.08M $4.32M $4.29M $4.52M $4.65M $4.59M $4.15M -
Loans & Leases (Net) $633.14M $622.46M $615.47M - $582.99M - - - - - - - $516.92M $505.40M
Goodwill & Intangibles $6.98M - - - $6.98M - - - - - - - - -
Premises & Equipment $7.14M $7.22M $7.27M $7.32M $7.35M $7.44M $7.46M $7.28M $6.58M $6.09M $6.05M $6.10M $6.19M $6.32M
Other Assets $7.30M $7.36M $8.15M $7.75M $8.16M $7.01M $7.25M $6.78M $5.94M $6.21M $5.69M $5.63M $5.59M $5.82M
Total Assets $871.96M $869.63M $842.22M $817.56M $844.64M $817.53M $798.56M $794.59M $799.94M $756.64M $730.26M $722.68M $718.21M $717.13M
Total Deposits $720.46M $734.10M $748.90M $735.60M $758.81M $673.74M $651.21M $655.98M $680.96M $644.26M $631.81M $637.31M $623.61M $638.97M
Long-term Debt $12.04M $12.02M $10.39M $10.86M $11.33M $11.80M $12.27M $12.74M $13.21M $13.68M $14.15M $14.62M $15.10M $15.57M
Other Liabilities $6.51M $6.76M $7.00M $6.31M $6.67M $8.36M $6.56M $6.79M $7.34M $5.58M $5.28M $6.19M $6.20M $6.07M
Total Liabilities $807.30M $806.47M $781.97M $759.01M $788.37M $758.37M $744.01M $741.52M $747.76M $708.38M $680.43M $671.92M $670.44M $671.29M
Common Stock $32.00K $32.00K $32.00K $32.00K $32.00K $31.46K $31.45K $31.17K $31.17K $30.92K $30.90K $30.71K $30.71K $30.54K
Retained Earnings $45.21M $44.60M $43.98M $42.78M $41.61M $41.83M $40.70M $40.65M $39.43M $38.94M $37.51M $36.85M $35.30M $34.26M
AOCI $-12.73M $-13.19M $-15.06M $-15.56M $-16.51M $-13.53M $-17.02M $-18.01M $-17.68M $-20.69M $-17.65M $-15.68M $-17.11M $-17.65M
Total Stockholders Equity $64.66M $63.16M $60.25M $58.55M $56.27M $59.16M $54.54M $53.08M $52.18M $48.26M $49.83M $50.76M $47.77M $45.84M
Total Liabilities & Equity $871.96M $869.63M $842.22M $817.56M $844.64M $817.53M $798.56M $794.59M $799.94M $756.64M $730.26M $722.68M $718.21M $717.13M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $1.70M $1.71M $2.36M $1.16M $856.38K $1.12M $1.08M $1.22M $1.42M $5.00M $3.57M $1.90M $2.01M $6.08M
Stock-based Compensation $4.00K $168.00K $163.00K $158.00K $4.39K $13.61K $4.54K $4.54K $4.54K $38.25K - - - -
Operating Cash Flow $1.32M $4.73M $1.90M $590.00K $-145.51K $2.44M $1.93M $484.28K $820.78K $5.08M $3.30M $2.15M $1.75M $5.40M
Purchases of Securities $129.00K $887.00K - - $-141.00 $3.27M $3.27M $3.27M $24.85M $24.89M - - $1.91M $17.28M
Sales of Securities - - - - $23.37M $521.16K $521.16K - - - - - - -
Maturities of Securities $3.10M $10.16M $7.11M $3.85M $3.90M $14.17M $9.17M $3.85M $3.88M $9.03M $5.61M $2.62M $4.87M $15.12M
Investing Cash Flow $-6.88M $-34.62M $-28.63M $-13.79M $15.47M $-38.18M $-17.81M $-13.93M $-18.17M $-24.19M $-7.85M $-997.92K $-8.85M $-26.51M
Long-term Debt Repaid - - $944.00K $472.00K $472.33K $1.42M $944.44K $472.22K $472.22K $1.42M $944.44K $472.22K $472.22K $1.42M
Dividends Paid $664.00K $665.00K - - $774.13K $602.87K $602.87K - $606.41K $629.58K $629.58K $7.84K $624.37K $601.36K
Financing Cash Flow $59.00K $17.41M $-6.64M $-28.76M $32.49M $7.89M $-4.30M $-5.62M $37.03M $36.85M $9.57M $1.15M $-1.67M $10.67M
Net Change in Cash $-5.51M $-12.47M $-33.38M $-41.96M $47.82M $-27.85M $-20.18M $-19.06M $19.68M $17.75M $5.02M $2.30M $-8.77M $-10.43M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Interest Expense $4.61M $4.76M $13.83M $11.60M
Income Before Tax $2.17M $1.47M $5.13M $4.41M
Income Tax Expense $462.00K $342.00K $1.06M $993.00K
Net Income $1.71M $1.12M $4.07M $3.42M
Basic EPS 0.53 0.36 1.28 1.09
Diluted EPS 0.53 0.36 1.28 1.09
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Property Plant & Equipment $7.22M $7.35M
Total Assets $869.63M $844.64M
Long-term Debt $12.02M $11.33M
Total Liabilities $806.47M $788.37M
Common Stock $32.00K $32.00K
Retained Earnings $44.60M $41.61M
Total Stockholders Equity $63.16M $56.27M
Total Liabilities & Equity $869.63M $844.64M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.71M $1.12M $4.07M $3.42M
Stock-based Compensation - - $168.00K $14.00K
Operating Cash Flow - - $4.73M $2.45M
Capital Expenditure - - $305.00K $1.28M
Sales of Investments - - $10.16M $14.17M
Investing Cash Flow - - $-34.62M $-38.19M
Dividends Paid - - $665.00K $603.00K
Financing Cash Flow - - $17.41M $7.89M
Net Change in Cash - - $-12.47M $-27.85M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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