Farmers & Merchants Bancshares, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Farmers & Merchants Bancshares, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.77M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $4.28M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $6.42M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $8.09M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $8.15M | Mar 10, 2023 |
| FY2020 | Dec 31, 2020 | $417.4K | Mar 19, 2021 |
| FY2020 | Sep 30, 2020 | $385.2K | Mar 19, 2021 |
| FY2020 | Jun 30, 2020 | $1.04M | Mar 19, 2021 |
| FY2020 | Mar 31, 2020 | $843.3K | Mar 19, 2021 |
| FY2020 | Dec 31, 2019 | $1.06M | Mar 19, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.05M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.31M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $5.90M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $7.16M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $11.70M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $4.45M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $5.72M | Mar 19, 2021 |
| FY2019 | Dec 31, 2018 | $5.36M | Mar 6, 2020 |
| FY2018 | Dec 31, 2017 | $7.68M | Mar 21, 2019 |
| FY2017 | Dec 31, 2016 | $2.44M | Mar 28, 2018 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $871.96M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $844.64M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $799.94M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $718.21M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $716.68M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $677.32M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $442.22M | Mar 19, 2021 |
| FY2019 | Dec 31, 2018 | $417.16M | Mar 6, 2020 |
| FY2018 | Dec 31, 2017 | $402.90M | Mar 21, 2019 |
| FY2017 | Dec 31, 2016 | $379.83M | Mar 28, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $807.30M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $788.37M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $747.76M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $670.44M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $660.06M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $625.59M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $392.76M | Mar 19, 2021 |
| FY2019 | Dec 31, 2018 | $371.76M | Mar 6, 2020 |
| FY2018 | Dec 31, 2017 | $361.11M | Mar 21, 2019 |
| FY2017 | Dec 31, 2016 | $340.82M | Mar 28, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $64.66M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $56.27M | Mar 26, 2026 |
| FY2025 | Dec 31, 2023 | $52.18M | Mar 26, 2026 |
| FY2023 | Jan 1, 2023 | $49.59M | Mar 11, 2024 |
| FY2024 | Dec 31, 2022 | $47.78M | Mar 13, 2025 |
| FY2023 | Dec 31, 2021 | $56.62M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $51.73M | Mar 10, 2023 |
| FY2021 | Dec 31, 2019 | $49.45M | Mar 11, 2022 |
| FY2020 | Dec 31, 2018 | $45.39M | Mar 19, 2021 |
| FY2019 | Dec 31, 2017 | $41.80M | Mar 6, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.98M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $6.98M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $6.98M | Mar 13, 2025 |
| FY2024 | Dec 31, 2022 | $6.98M | Mar 13, 2025 |
| FY2023 | Dec 31, 2021 | $6.98M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $6.98M | Mar 10, 2023 |
| FY2021 | Dec 31, 2019 | $0 | Mar 11, 2022 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $45.21M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $41.61M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $39.43M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $35.30M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $29.13M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $22.70M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | $21.57M | Mar 19, 2021 |
| FY2019 | Dec 31, 2018 | $18.62M | Mar 6, 2020 |
| FY2018 | Dec 31, 2017 | $15.31M | Mar 21, 2019 |
| FY2017 | Dec 31, 2016 | $12.71M | Mar 28, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $7.24M | Mar 28, 2018 |
| FY2017 | Dec 31, 2016 | $13.31M | Mar 28, 2018 |
| FY2017 | Dec 31, 2015 | $20.19M | Mar 28, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.04M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | $11.33M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | $13.21M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | $15.10M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $16.98M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $16.97M | Mar 11, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | 2 | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | 2 | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | 2 | Mar 10, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | 2 | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | 2 | Mar 11, 2024 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3.23M | Mar 26, 2026 |
| FY2025 | Dec 31, 2024 | 3.17M | Mar 26, 2026 |
| FY2024 | Dec 31, 2023 | 3.12M | Mar 13, 2025 |
| FY2023 | Dec 31, 2022 | 3.07M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | 3.04M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | 3.01M | Mar 11, 2022 |
| FY2020 | Dec 31, 2019 | 2.97M | Mar 19, 2021 |
| FY2019 | Dec 31, 2018 | 1.68M | Mar 6, 2020 |
| FY2018 | Dec 31, 2017 | 1.67M | Mar 21, 2019 |
| FY2017 | Dec 31, 2016 | 1.66M | Mar 28, 2018 |