Farmers and Merchants Bancshares, Inc. (FMFG)

FMFG Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	52.19	64.66	44.69	7.26	26.46	40.98
Investment Securities	142.91	29.42	30.59	32.06	34.14	34.05
Trading Asset Securities	-	0.63	-	-	-	-
Mortgage-Backed Securities	-	117.41	154.26	115.35	137.84	44.91
Total Investments	142.91	147.46	184.86	147.41	171.98	78.96
Gross Loans	622.46	587.96	528.17	521.68	486.38	525.91
Allowance for Loan Losses	-	-4.26	-4.29	-4.15	-3.65	-3.3
Other Adjustments to Gross Loans	-	-0.71	-0.57	-0.61	-0.72	-0.92
Net Loans	622.46	582.99	523.31	516.92	482.01	521.69
Property, Plant & Equipment	7.22	8.63	7.38	7.13	7.35	8.98
Goodwill	-	6.98	6.98	6.98	6.98	6.98
Other Intangible Assets	7.02	0.99	0.12	0.16	0.19	0.24
Loans Held for Sale	-	0.16	-	0.43	0.13	1.67
Accrued Interest Receivable	2.55	2.44	2.18	1.82	1.61	2.06
Long-Term Deferred Tax Assets	6.41	7.61	8.31	8.39	2.18	1.22
Other Real Estate Owned & Foreclosed	2.78	1.18	1.24	1.24	1.24	1.41
Other Long-Term Assets	26.1	21.56	20.87	20.47	16.54	13.14
Total Assets	869.63	844.64	799.94	718.21	716.68	677.32
Interest Bearing Deposits	617.91	589.96	502.28	458.94	467.54	431.55
Institutional Deposits	-	61.65	63.4	37.98	34.7	38.7
Non-Interest Bearing Deposits	116.19	107.2	115.29	126.7	124.18	103.16
Total Deposits	734.1	758.81	680.96	623.61	626.41	573.4
Short-Term Borrowings	2.46	5.59	41.32	5.18	5.41	24.75
Current Portion of Long-Term Debt	-	5	-	15	-	-
Current Portion of Leases	-	0.32	-	-	-	-
Accrued Interest Payable	0.94	1	1.48	0.35	0.3	0.41
Long-Term Debt	12.02	11.33	13.21	15.1	16.98	16.97
Federal Home Loan Bank Debt, Long-Term	50.2	-	5	5	5	5
Long-Term Leases	-	1.18	1.01	1.17	1.31	1.44
Other Long-Term Liabilities	6.76	5.14	4.77	5.04	4.64	3.61
Total Liabilities	806.47	788.37	747.76	670.44	660.06	625.59
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	31.72	31.14	30.4	29.55	28.86	28.29
Retained Earnings	44.6	41.61	39.43	35.3	29.13	22.7
Comprehensive Income & Other	-13.19	-16.51	-17.68	-17.11	-1.39	0.71
Shareholders' Equity	63.16	56.27	52.18	47.77	56.62	51.73
Total Liabilities & Equity	869.63	844.64	799.94	718.21	716.68	677.32
Total Debt	64.68	23.43	60.55	41.44	28.7	48.17
Net Cash (Debt)	-12.4	41.96	-15.76	-34.07	-1.89	-6.35
Net Cash Per Share	-3.92	13.39	-5.11	-11.19	-0.63	-2.13
Filing Date Shares Outstanding	3.2	3.18	3.12	3.07	3.04	3.01
Total Common Shares Outstanding	3.2	3.17	3.12	3.07	3.04	3.01
Book Value Per Share	19.72	17.77	16.74	15.56	18.64	17.18
Tangible Book Value	56.14	48.31	45.08	40.64	49.45	44.51
Tangible Book Value Per Share	17.53	15.25	14.46	13.23	16.28	14.78

Source: S&P Global Market Intelligence. Banks template. Financial Sources.