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10-Q Filing

Farmers & Merchants Bancshares, Inc. CIK: 1698022 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001437749-21-026636
Period End Date 20210930
Filing Date 20211115
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance fmfg20210930_10q_htm.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for loan losses LoansAndLeasesReceivableAllowance $3.74M USD Point-in-time
Allowance for loan losses LoansAndLeasesReceivableAllowance $3.30M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $39.16M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $39.90M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Federal funds sold and other interest-bearing deposits FederalFundsSoldAndOtherInterestBearingDeposits $444.01K USD Point-in-time
Common stock, share authorized (in shares) CommonStockSharesAuthorized 5.00M shares Point-in-time
Federal funds sold and other interest-bearing deposits FederalFundsSoldAndOtherInterestBearingDeposits $1.08M USD Point-in-time
Common stock, share authorized (in shares) CommonStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $39.60M USD Point-in-time
Common stock, share issued (in shares) CommonStockSharesIssued 3.01M shares Point-in-time
Cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $40.98M USD Point-in-time
Common stock, share issued (in shares) CommonStockSharesIssued 3.02M shares Point-in-time
Common stock, share outstanding (in shares) CommonStockSharesOutstanding 3.02M shares Point-in-time
Certificates of deposit in other banks TimeDepositsAtCarryingValue $850.00K USD Point-in-time
Certificates of deposit in other banks TimeDepositsAtCarryingValue $350.00K USD Point-in-time
Common stock, share outstanding (in shares) CommonStockSharesOutstanding 3.01M shares Point-in-time
Securities available for sale, at fair value AvailableForSaleSecuritiesDebtSecurities $121.27M USD Point-in-time
Securities available for sale, at fair value AvailableForSaleSecuritiesDebtSecurities $54.48M USD Point-in-time
Securities held to maturity, at cost HeldToMaturitySecurities $23.08M USD Point-in-time
Securities held to maturity, at cost HeldToMaturitySecurities $21.88M USD Point-in-time
Equity security at fair value EquitySecuritiesFvNi $552.57K USD Point-in-time
Equity security at fair value EquitySecuritiesFvNi $547.35K USD Point-in-time
Restricted stock, at cost FederalHomeLoanBankStock $675.40K USD Point-in-time
Restricted stock, at cost FederalHomeLoanBankStock $900.50K USD Point-in-time
Mortgage loans held for sale MortgageLoansOnRealEstate $1.67M USD Point-in-time
Mortgage loans held for sale MortgageLoansOnRealEstate $1.76M USD Point-in-time
Loans, less allowance for loan losses of $3,744,218 and $3,296,538 LoansAndLeasesReceivableNetReportedAmount $521.69M USD Point-in-time
Loans, less allowance for loan losses of $3,744,218 and $3,296,538 LoansAndLeasesReceivableNetReportedAmount $495.78M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $6.29M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $7.74M USD Point-in-time
Accrued interest receivable InterestReceivable $2.06M USD Point-in-time
Accrued interest receivable InterestReceivable $1.58M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $1.61M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $1.22M USD Point-in-time
Other real estate owned, net of valuation allowance OtherRealEstate $1.41M USD Point-in-time
Other real estate owned, net of valuation allowance OtherRealEstate $1.41M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $11.30M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $15.23M USD Point-in-time
Goodwill and other intangibles IntangibleAssetsNetIncludingGoodwill $7.06M USD Point-in-time
Goodwill and other intangibles IntangibleAssetsNetIncludingGoodwill $7.05M USD Point-in-time
Other assets OtherAssets $2.34M USD Point-in-time
Other assets OtherAssets $1.70M USD Point-in-time
Assets, Total Assets $677.32M USD Point-in-time
Assets, Total Assets $716.74M USD Point-in-time
Noninterest-bearing NoninterestBearingDepositLiabilities $125.84M USD Point-in-time
Noninterest-bearing NoninterestBearingDepositLiabilities $103.16M USD Point-in-time
Interest-bearing InterestBearingDepositLiabilities $496.09M USD Point-in-time
Interest-bearing InterestBearingDepositLiabilities $470.25M USD Point-in-time
Total deposits Deposits $621.93M USD Point-in-time
Total deposits Deposits $573.40M USD Point-in-time
Securities sold under repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $24.75M USD Point-in-time
Securities sold under repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $10.48M USD Point-in-time
Federal Home Loan Bank of Atlanta advances AdvancesFromFederalHomeLoanBanks $5.00M USD Point-in-time
Federal Home Loan Bank of Atlanta advances AdvancesFromFederalHomeLoanBanks $5.00M USD Point-in-time
Long-term debt, net of issuance costs LongTermDebt $16.98M USD Point-in-time
Long-term debt, net of issuance costs LongTermDebt $16.97M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $409.62K USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $323.42K USD Point-in-time
Other liabilities OtherLiabilities $5.05M USD Point-in-time
Other liabilities OtherLiabilities $5.73M USD Point-in-time
Liabilities, Total Liabilities $625.59M USD Point-in-time
Liabilities, Total Liabilities $660.44M USD Point-in-time
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,023,487 in 2021 and 3,011,255 in 2020 CommonStockValue $30.23K USD Point-in-time
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,023,487 in 2021 and 3,011,255 in 2020 CommonStockValue $30.11K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $28.29M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $28.56M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $28.04M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-322.29K USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $706.28K USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $49.45M USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $51.57M USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $51.93M USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $51.73M USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $56.31M USD Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance StockholdersEquity $54.42M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $716.74M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $677.32M USD Point-in-time
Income Statement 120 line items
Line Item Tag Value Unit Period
Loans, including fees InterestAndFeeIncomeLoansAndLeases $17.83M USD 3 Qtrs
Loans, including fees InterestAndFeeIncomeLoansAndLeases $13.21M USD 3 Qtrs
Loans, including fees InterestAndFeeIncomeLoansAndLeases $4.49M USD 1 Quarter
Loans, including fees InterestAndFeeIncomeLoansAndLeases $6.06M USD 1 Quarter
Investment securities - taxable InterestIncomeSecuritiesTaxable $426.89K USD 1 Quarter
Investment securities - taxable InterestIncomeSecuritiesTaxable $159.28K USD 1 Quarter
Investment securities - taxable InterestIncomeSecuritiesTaxable $967.84K USD 3 Qtrs
Investment securities - taxable InterestIncomeSecuritiesTaxable $561.04K USD 3 Qtrs
Investment securities - tax exempt InterestIncomeSecuritiesTaxExempt $149.38K USD 1 Quarter
Investment securities - tax exempt InterestIncomeSecuritiesTaxExempt $462.36K USD 3 Qtrs
Investment securities - tax exempt InterestIncomeSecuritiesTaxExempt $462.31K USD 3 Qtrs
Investment securities - tax exempt InterestIncomeSecuritiesTaxExempt $163.52K USD 1 Quarter
Federal funds sold and other interest earning assets InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets $18.30K USD 1 Quarter
Federal funds sold and other interest earning assets InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets $58.36K USD 3 Qtrs
Federal funds sold and other interest earning assets InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets $47.74K USD 3 Qtrs
Federal funds sold and other interest earning assets InterestIncomeFromFederalFundssOldAndOtherInterestEarningAssets $9.56K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $6.65M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $14.29M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $19.31M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $4.82M USD 1 Quarter
Deposits InterestExpenseDeposits $1.59M USD 3 Qtrs
Deposits InterestExpenseDeposits $2.43M USD 3 Qtrs
Deposits InterestExpenseDeposits $460.38K USD 1 Quarter
Deposits InterestExpenseDeposits $690.83K USD 1 Quarter
Securities sold under repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $95.71K USD 3 Qtrs
Securities sold under repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $38.13K USD 3 Qtrs
Securities sold under repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $18.02K USD 1 Quarter
Securities sold under repurchase agreements InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase $9.65K USD 1 Quarter
Federal Home Loan Bank advances and other borrowings InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm $570.54K USD 3 Qtrs
Federal Home Loan Bank advances and other borrowings InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm $25.73K USD 3 Qtrs
Federal Home Loan Bank advances and other borrowings InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm $192.25K USD 1 Quarter
Federal Home Loan Bank advances and other borrowings InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm $12.75K USD 1 Quarter
Total interest expense InterestExpense $721.61K USD 1 Quarter
Total interest expense InterestExpense $662.28K USD 1 Quarter
Total interest expense InterestExpense $2.20M USD 3 Qtrs
Total interest expense InterestExpense $2.55M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $11.74M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $5.99M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $4.10M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $17.11M USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $430.00K USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $475.00K USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $330.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses - USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $4.10M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $16.68M USD 3 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $5.66M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $11.26M USD 3 Qtrs
Mortgage banking income FeesAndCommissionsMortgageBankingAndServicing $272.30K USD 1 Quarter
Mortgage banking income FeesAndCommissionsMortgageBankingAndServicing $207.47K USD 1 Quarter
Mortgage banking income FeesAndCommissionsMortgageBankingAndServicing $704.40K USD 3 Qtrs
Mortgage banking income FeesAndCommissionsMortgageBankingAndServicing $684.66K USD 3 Qtrs
Bank owned life insurance income BankOwnedLifeInsuranceIncome $79.94K USD 1 Quarter
Bank owned life insurance income BankOwnedLifeInsuranceIncome $127.47K USD 3 Qtrs
Bank owned life insurance income BankOwnedLifeInsuranceIncome $42.25K USD 1 Quarter
Bank owned life insurance income BankOwnedLifeInsuranceIncome $232.98K USD 3 Qtrs
Gain on sale of premises and equipment GainLossOnDispositionOfAssets - USD 1 Quarter
Gain on sale of premises and equipment GainLossOnDispositionOfAssets $44.51K USD 3 Qtrs
Gain on sale of premises and equipment GainLossOnDispositionOfAssets $6.90K USD 1 Quarter
Gain on sale of premises and equipment GainLossOnDispositionOfAssets - USD 3 Qtrs
Fair value adjustment on equity security EquitySecuritiesFvNiUnrealizedGainLoss $13.05K USD 3 Qtrs
Fair value adjustment on equity security EquitySecuritiesFvNiUnrealizedGainLoss $1.00 USD 1 Quarter
Fair value adjustment on equity security EquitySecuritiesFvNiUnrealizedGainLoss $-2.06K USD 1 Quarter
Fair value adjustment on equity security EquitySecuritiesFvNiUnrealizedGainLoss $-10.21K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet - USD 1 Quarter
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $63.63K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $6.92K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $6.92K USD 1 Quarter
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 3 Qtrs
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 1 Quarter
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss $621.00 USD 1 Quarter
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss $9.19K USD 3 Qtrs
Total noninterest income NoninterestIncome $1.40M USD 3 Qtrs
Total noninterest income NoninterestIncome $1.64M USD 3 Qtrs
Total noninterest income NoninterestIncome $531.98K USD 1 Quarter
Total noninterest income NoninterestIncome $487.37K USD 1 Quarter
Salaries LaborAndRelatedExpense $4.11M USD 3 Qtrs
Salaries LaborAndRelatedExpense $1.46M USD 1 Quarter
Salaries LaborAndRelatedExpense $1.90M USD 1 Quarter
Salaries LaborAndRelatedExpense $5.37M USD 3 Qtrs
Employee benefits EmployeeBenefitsAndShareBasedCompensation $1.18M USD 3 Qtrs
Employee benefits EmployeeBenefitsAndShareBasedCompensation $388.88K USD 1 Quarter
Employee benefits EmployeeBenefitsAndShareBasedCompensation $376.86K USD 1 Quarter
Employee benefits EmployeeBenefitsAndShareBasedCompensation $1.30M USD 3 Qtrs
Occupancy OccupancyNet $241.56K USD 1 Quarter
Occupancy OccupancyNet $737.09K USD 3 Qtrs
Occupancy OccupancyNet $552.26K USD 3 Qtrs
Occupancy OccupancyNet $183.72K USD 1 Quarter
Furniture and equipment EquipmentExpense $175.01K USD 1 Quarter
Furniture and equipment EquipmentExpense $501.27K USD 3 Qtrs
Furniture and equipment EquipmentExpense $578.56K USD 3 Qtrs
Furniture and equipment EquipmentExpense $198.19K USD 1 Quarter
Acquisition BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Acquisition BusinessCombinationAcquisitionRelatedCosts - USD 3 Qtrs
Acquisition BusinessCombinationAcquisitionRelatedCosts $1.27M USD 1 Quarter
Acquisition BusinessCombinationAcquisitionRelatedCosts $1.61M USD 3 Qtrs
Other OtherNoninterestExpense $2.39M USD 3 Qtrs
Other OtherNoninterestExpense $660.08K USD 1 Quarter
Other OtherNoninterestExpense $740.72K USD 1 Quarter
Other OtherNoninterestExpense $1.97M USD 3 Qtrs
Total noninterest expense NoninterestExpense $9.93M USD 3 Qtrs
Total noninterest expense NoninterestExpense $10.37M USD 3 Qtrs
Total noninterest expense NoninterestExpense $3.47M USD 1 Quarter
Total noninterest expense NoninterestExpense $4.13M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.73M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.72M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $7.95M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $462.11K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $460.35K USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $606.29K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $1.76M USD 3 Qtrs
Income taxes IncomeTaxExpenseBenefit $76.86K USD 1 Quarter
Net income NetIncomeLoss $385.25K USD 1 Quarter
Net income NetIncomeLoss $2.26M USD 3 Qtrs
Net income NetIncomeLoss $2.12M USD 1 Quarter
Net income NetIncomeLoss $6.18M USD 3 Qtrs
Earnings per share - basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $2.05 USD 3 Qtrs
Earnings per share - basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.70 USD 1 Quarter
Earnings per share - basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.13 USD 1 Quarter
Earnings per share - basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $0.76 USD 3 Qtrs
Cash Flow Statement 120 line items
Line Item Tag Value Unit Period
Interest received ProceedsFromInterestReceived $14.62M USD 3 Qtrs
Interest received ProceedsFromInterestReceived $19.50M USD 3 Qtrs
Fees and commissions received ProceedsFromCommissionsReceived $1.35M USD 3 Qtrs
Fees and commissions received ProceedsFromCommissionsReceived $1.19M USD 3 Qtrs
Interest paid InterestPaidNet $2.48M USD 3 Qtrs
Interest paid InterestPaidNet $2.67M USD 3 Qtrs
Proceeds from sale of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $35.23M USD 3 Qtrs
Proceeds from sale of mortgage loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $32.80M USD 3 Qtrs
Origination of mortgage loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $32.88M USD 3 Qtrs
Origination of mortgage loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $37.64M USD 3 Qtrs
Cash paid to suppliers and employees PaymentsToSuppliersAndEmployees $8.99M USD 3 Qtrs
Cash paid to suppliers and employees PaymentsToSuppliersAndEmployees $9.24M USD 3 Qtrs
Income taxes paid, net of refunds received IncomeTaxesPaidNet $838.34K USD 3 Qtrs
Income taxes paid, net of refunds received IncomeTaxesPaidNet $1.06M USD 3 Qtrs
Net Cash Provided by (Used in) Operating Activities, Total NetCashProvidedByUsedInOperatingActivities $8.24M USD 3 Qtrs
Net Cash Provided by (Used in) Operating Activities, Total NetCashProvidedByUsedInOperatingActivities $653.61K USD 3 Qtrs
Proceeds from maturity and call of securities, Available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $15.22M USD 3 Qtrs
Proceeds from maturity and call of securities, Available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $24.27M USD 3 Qtrs
Proceeds from maturity and call of securities, Held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $2.12M USD 3 Qtrs
Proceeds from maturity and call of securities, Held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $1.90M USD 3 Qtrs
Proceeds from Sale of Debt Securities, Available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $2.02M USD 3 Qtrs
Proceeds from Sale of Debt Securities, Available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 3 Qtrs
Proceeds from sale of securities, Held to maturity ProceedsFromSaleOfHeldToMaturitySecurities - USD 3 Qtrs
Proceeds from sale of securities, Held to maturity ProceedsFromSaleOfHeldToMaturitySecurities - USD 3 Qtrs
Purchase of securities, Available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $19.89M USD 3 Qtrs
Purchase of securities, Available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $92.99M USD 3 Qtrs
Purchase of securities, Held to maturity PaymentsToAcquireHeldToMaturitySecurities $842.06K USD 3 Qtrs
Purchase of securities, Held to maturity PaymentsToAcquireHeldToMaturitySecurities $4.96M USD 3 Qtrs
Redemption of certificates of deposit ProceedsFromSaleOfRestrictedInvestments - USD 3 Qtrs
Redemption of certificates of deposit ProceedsFromSaleOfRestrictedInvestments $500.00K USD 3 Qtrs
Loans made to customers, net of principal collected PaymentsForProceedsFromLoansMadeToCustomersNetOfPrincipalCollected $32.36M USD 3 Qtrs
Loans made to customers, net of principal collected PaymentsForProceedsFromLoansMadeToCustomersNetOfPrincipalCollected $-25.70M USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfLoansReceivable $683.88K USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfLoansReceivable $61.59K USD 3 Qtrs
Redemption(purchase) of stock in FHLB of Atlanta PaymentsForProceedsFromFederalHomeLoanBankStock $320.10K USD 3 Qtrs
Redemption(purchase) of stock in FHLB of Atlanta PaymentsForProceedsFromFederalHomeLoanBankStock $-225.10K USD 3 Qtrs
Deposit to transfer agent for subsequent acquisition PaymentsForDepositsOnBusinessAcquisitions $24.81M USD 3 Qtrs
Deposit to transfer agent for subsequent acquisition PaymentsForDepositsOnBusinessAcquisitions - USD 3 Qtrs
Purchase of bank owned life insurance PaymentsToAcquireLifeInsurancePolicies $3.70M USD 3 Qtrs
Purchase of bank owned life insurance PaymentsToAcquireLifeInsurancePolicies - USD 3 Qtrs
Proceeds from sale of premises and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.39M USD 3 Qtrs
Proceeds from sale of premises and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 3 Qtrs
Purchases of premises, equipment and software PaymentsToAcquireProductiveAssets $299.53K USD 3 Qtrs
Purchases of premises, equipment and software PaymentsToAcquireProductiveAssets $227.01K USD 3 Qtrs
Net Cash Provided by (Used in) Investing Activities, Total NetCashProvidedByUsedInInvestingActivities $-43.49M USD 3 Qtrs
Net Cash Provided by (Used in) Investing Activities, Total NetCashProvidedByUsedInInvestingActivities $-62.80M USD 3 Qtrs
Noninterest-bearing deposits NetChangeNoninterestBearingDepositsDomestic $22.69M USD 3 Qtrs
Noninterest-bearing deposits NetChangeNoninterestBearingDepositsDomestic $18.35M USD 3 Qtrs
Interest-bearing deposits NetChangeInterestBearingDepositsDomestic $26.05M USD 3 Qtrs
Interest-bearing deposits NetChangeInterestBearingDepositsDomestic $31.11M USD 3 Qtrs
Securities sold under repurchase agreements ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-4.64M USD 3 Qtrs
Securities sold under repurchase agreements ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $-14.28M USD 3 Qtrs
Federal Home Loan Bank of Atlanta advances ProceedsFromPaymentsForFederalHomeLoanBankAdvances - USD 3 Qtrs
Federal Home Loan Bank of Atlanta advances ProceedsFromPaymentsForFederalHomeLoanBankAdvances $7.00M USD 3 Qtrs
Long-term debt proceeds ProceedsFromIssuanceOfLongTermDebt $16.97M USD 3 Qtrs
Long-term debt proceeds ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Dividends paid, net of reinvestments PaymentsOfDividends $579.95K USD 3 Qtrs
Dividends paid, net of reinvestments PaymentsOfDividends $531.86K USD 3 Qtrs
Net Cash Provided by (Used in) Financing Activities, Total NetCashProvidedByUsedInFinancingActivities $33.87M USD 3 Qtrs
Net Cash Provided by (Used in) Financing Activities, Total NetCashProvidedByUsedInFinancingActivities $68.26M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.37M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $6.11M USD 3 Qtrs
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $39.60M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.12M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $15.23M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $40.98M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $39.60M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $9.12M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $15.23M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $40.98M USD Point-in-time
Net income NetIncomeLoss $385.25K USD 1 Quarter
Net income NetIncomeLoss $2.26M USD 3 Qtrs
Net income NetIncomeLoss $2.12M USD 1 Quarter
Net income NetIncomeLoss $6.18M USD 3 Qtrs
Depreciation and amortization DepreciationAmortizationAndAccretionNet $356.44K USD 3 Qtrs
Depreciation and amortization DepreciationAmortizationAndAccretionNet $274.24K USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $430.00K USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $475.00K USD 3 Qtrs
Provision for loan losses ProvisionForLoanAndLeaseLosses $330.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses - USD 1 Quarter
Amortization of right of use asset OperatingLeaseRightOfUseAssetAmortizationExpense $14.02K USD 3 Qtrs
Amortization of right of use asset OperatingLeaseRightOfUseAssetAmortizationExpense $25.68K USD 3 Qtrs
Equity security dividends reinvested EquitySecurityDividendsReinvested $7.69K USD 3 Qtrs
Equity security dividends reinvested EquitySecurityDividendsReinvested $5.00K USD 3 Qtrs
Fair value adjustment on equity securities EquitySecuritiesFvNiUnrealizedGainLoss $13.05K USD 3 Qtrs
Fair value adjustment on equity securities EquitySecuritiesFvNiUnrealizedGainLoss $1.00 USD 1 Quarter
Fair value adjustment on equity securities EquitySecuritiesFvNiUnrealizedGainLoss $-2.06K USD 1 Quarter
Fair value adjustment on equity securities EquitySecuritiesFvNiUnrealizedGainLoss $-10.21K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet - USD 1 Quarter
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $63.63K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $6.92K USD 3 Qtrs
Gain on sale of SBA loans GainLossOnSalesOfLoansNet $6.92K USD 1 Quarter
Gain on sale of premises and equipment GainLossOnDispositionOfAssets - USD 1 Quarter
Gain on sale of premises and equipment GainLossOnDispositionOfAssets $44.51K USD 3 Qtrs
Gain on sale of premises and equipment GainLossOnDispositionOfAssets $6.90K USD 1 Quarter
Gain on sale of premises and equipment GainLossOnDispositionOfAssets - USD 3 Qtrs
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 3 Qtrs
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 1 Quarter
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss $621.00 USD 1 Quarter
Gain on premium call of debt security DebtSecuritiesAvailableForSaleRealizedGainLoss $9.19K USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts - USD 3 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $4.22K USD 3 Qtrs
Amortization of premiums and accretion of discounts, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $38.03K USD 3 Qtrs
Amortization of premiums and accretion of discounts, net AccretionAmortizationOfDiscountsAndPremiumsInvestments $-283.21K USD 3 Qtrs
Bank owned life insurance cash surrender value IncreaseDecreaseInBankOwnedLifeInsuranceCashSurrenderValue $127.47K USD 3 Qtrs
Bank owned life insurance cash surrender value IncreaseDecreaseInBankOwnedLifeInsuranceCashSurrenderValue $232.98K USD 3 Qtrs
Deferred loan fees and costs, net IncreaseDecreaseInOtherDeferredLiability $105.00 USD 3 Qtrs
Deferred loan fees and costs, net IncreaseDecreaseInOtherDeferredLiability $531.44K USD 3 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $-86.20K USD 3 Qtrs
Accrued interest payable IncreaseDecreaseInInterestPayableNet $-116.04K USD 3 Qtrs
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $777.17K USD 3 Qtrs
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $196.66K USD 3 Qtrs
Mortgage loans held for sale IncreaseDecreaseInMortgageLoansHeldforsaleExcludingCollectionOfMortgageLoansHeldforsale $84.20K USD 3 Qtrs
Mortgage loans held for sale IncreaseDecreaseInMortgageLoansHeldforsaleExcludingCollectionOfMortgageLoansHeldforsale $2.41M USD 3 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-478.04K USD 3 Qtrs
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $195.74K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $465.14K USD 3 Qtrs
Other assets IncreaseDecreaseInOtherOperatingAssets $-493.86K USD 3 Qtrs
Net Cash Provided by (Used in) Operating Activities, Total NetCashProvidedByUsedInOperatingActivities $8.24M USD 3 Qtrs
Net Cash Provided by (Used in) Operating Activities, Total NetCashProvidedByUsedInOperatingActivities $653.61K USD 3 Qtrs
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $49.45M USD Point-in-time
Balance StockholdersEquity $51.57M USD Point-in-time
Balance StockholdersEquity $51.93M USD Point-in-time
Balance StockholdersEquity $51.73M USD Point-in-time
Balance StockholdersEquity $56.31M USD Point-in-time
Balance StockholdersEquity $54.42M USD Point-in-time
Net income NetIncomeLoss $385.25K USD 1 Quarter
Net income NetIncomeLoss $2.26M USD 3 Qtrs
Net income NetIncomeLoss $2.12M USD 1 Quarter
Net income NetIncomeLoss $6.18M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-232.57K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $741.91K USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.03M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-23.39K USD 1 Quarter
Dividends reinvested AdjustmentsRelatedToCapitalDividendsReinvestedAdjustment $261.00 USD 1 Quarter
Cash dividends DividendsCash $773.20K USD 3 Qtrs
Cash dividends DividendsCash $843.18K USD 3 Qtrs
Dividends reinvested StockIssuedDuringPeriodValueDividendReinvestmentPlan $263.23K USD 3 Qtrs
Dividends reinvested StockIssuedDuringPeriodValueDividendReinvestmentPlan $241.35K USD 3 Qtrs
Balance StockholdersEquity $49.45M USD Point-in-time
Balance StockholdersEquity $51.57M USD Point-in-time
Balance StockholdersEquity $51.93M USD Point-in-time
Balance StockholdersEquity $51.73M USD Point-in-time
Balance StockholdersEquity $56.31M USD Point-in-time
Balance StockholdersEquity $54.42M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $385.25K USD 1 Quarter
Net income NetIncomeLoss $2.26M USD 3 Qtrs
Net income NetIncomeLoss $2.12M USD 1 Quarter
Net income NetIncomeLoss $6.18M USD 3 Qtrs
Net unrealized gain (loss) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.02M USD 3 Qtrs
Net unrealized gain (loss) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-1.43M USD 3 Qtrs
Net unrealized gain (loss) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-32.26K USD 1 Quarter
Net unrealized gain (loss) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-321.49K USD 1 Quarter
Reclassification adjustment for realized gains and losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-9.19K USD 3 Qtrs
Reclassification adjustment for realized gains and losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 1 Quarter
Reclassification adjustment for realized gains and losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 3 Qtrs
Reclassification adjustment for realized gains and losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-621.00 USD 1 Quarter
Total unrealized gain (loss) on investment securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-320.87K USD 1 Quarter
Total unrealized gain (loss) on investment securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-32.26K USD 1 Quarter
Total unrealized gain (loss) on investment securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.02M USD 3 Qtrs
Total unrealized gain (loss) on investment securities available for sale OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-1.42M USD 3 Qtrs
Income tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $281.66K USD 3 Qtrs
Income tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-390.49K USD 3 Qtrs
Income tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-8.88K USD 1 Quarter
Income tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-88.30K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-1.03M USD 3 Qtrs
Total other comprehensive income (loss) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-232.57K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-23.39K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $741.91K USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $361.86K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $1.89M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $3.01M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTax $5.16M USD 3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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