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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 7 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)
Interest Income $11.22M $10.96M $10.29M $9.89M $10.27M $9.85M $9.18M
Interest Expense $4.67M $4.61M $4.30M $4.39M $4.83M $4.76M $4.05M
Net Interest Income $6.55M $6.35M $5.99M $5.50M $5.44M $5.08M $5.13M
Provision for Credit Losses $103.00K $327.00K $238.00K $30.00K $150.00K - -
Net Interest Income After Provision $6.45M $6.03M $5.75M $5.46M $5.29M $5.08M $5.13M
Non-Interest Income $456.00K $551.00K $456.00K $514.00K $422.61K $451.02K $373.96K
Non-Interest Expense $4.66M $4.41M $4.73M $4.50M $4.62M $4.07M $4.12M
Compensation & Benefits $2.14M $2.18M $2.19M $2.21M $2.01M $1.88M $1.99M
Occupancy Expense $279.00K $281.00K $280.00K $328.00K $271.40K $274.58K $277.69K
Technology & Equipment $426.00K $370.00K $480.00K $335.00K $395.50K $327.20K $327.88K
Professional Fees $173.00K $174.00K $218.00K $173.00K $335.14K $166.49K -
Other Non-Interest Expense $518.00K $500.00K $540.00K $567.00K $360.30K $539.31K $1.08M
Income Before Tax $2.25M $2.17M $1.48M $1.48M $1.09M $1.46M $1.38M
Income Tax Expense $549.00K $462.00K $280.00K $316.00K $237.71K $341.51K $305.56K
Net Income $1.70M $1.71M $1.20M $1.16M $856.38K $1.12M $1.08M
Basic EPS nan 0.53 0.38 0.37 0.28 0.36 0.35
Diluted EPS nan 0.53 0.38 0.37 0.28 0.36 0.35
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)
Cash & Due from Banks $46.11M $51.67M $30.28M $21.78M $63.96M $16.27M $24.21M
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
Investment Securities - HTM $21.05M $21.13M $21.33M - $20.50M - -
Loans & Leases (Gross) $638.34M - - - $587.96M - -
Allowance for Loan Losses - - - $4.30M $4.26M $4.19M $4.08M
Loans & Leases (Net) $633.14M $622.46M $615.47M - $582.99M - -
Goodwill & Intangibles $6.98M - - - $6.98M - -
Premises & Equipment $7.14M $7.22M $7.27M $7.32M $7.35M $7.44M $7.46M
Other Assets $7.30M $7.36M $8.15M $7.75M $8.16M $7.01M $7.25M
Total Assets $871.96M $869.63M $842.22M $817.56M $844.64M $817.53M $798.56M
Total Deposits $720.46M $734.10M $748.90M $735.60M $758.81M $673.74M $651.21M
Long-term Debt $12.04M $12.02M $10.39M $10.86M $11.33M $11.80M $12.27M
Other Liabilities $6.51M $6.76M $7.00M $6.31M $6.67M $8.36M $6.56M
Total Liabilities $807.30M $806.47M $781.97M $759.01M $788.37M $758.37M $744.01M
Common Stock $32.00K $32.00K $32.00K $32.00K $32.00K $31.46K $31.45K
Retained Earnings $45.21M $44.60M $43.98M $42.78M $41.61M $41.83M $40.70M
AOCI $-12.73M $-13.19M $-15.06M $-15.56M $-16.51M $-13.53M $-17.02M
Total Stockholders Equity $64.66M $63.16M $60.25M $58.55M $56.27M $59.16M $54.54M
Total Liabilities & Equity $871.96M $869.63M $842.22M $817.56M $844.64M $817.53M $798.56M
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)
Net Income $1.70M $1.71M $2.36M $1.16M $856.38K $1.12M $1.08M
Stock-based Compensation $4.00K $168.00K $163.00K $158.00K $4.39K $13.61K $4.54K
Operating Cash Flow $1.32M $4.73M $1.90M $590.00K $-145.51K $2.44M $1.93M
Purchases of Securities $129.00K $887.00K - - $-141.00 $3.27M $3.27M
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
Investing Cash Flow $-6.88M $-34.62M $-28.63M $-13.79M $15.47M $-38.18M $-17.81M
Long-term Debt Repaid - - $944.00K $472.00K $472.33K $1.42M $944.44K
Dividends Paid $664.00K $665.00K - - $774.13K $602.87K $602.87K
Financing Cash Flow $59.00K $17.41M $-6.64M $-28.76M $32.49M $7.89M $-4.30M
Net Change in Cash $-5.51M $-12.47M $-33.38M $-41.96M $47.82M $-27.85M $-20.18M
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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