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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	31.28	64.66	44.69	7.26	26.46	40.98
Investment Securities	29.21	29.42	30.59	32.06	34.14	34.05
Trading Asset Securities	0.11	0.63	-	-	-	-
Mortgage-Backed Securities	114.19	117.41	154.26	115.35	137.84	44.91
Total Investments	143.51	147.46	184.86	147.41	171.98	78.96
Gross Loans	620.48	587.96	528.17	521.68	486.38	525.91
Allowance for Loan Losses	-4.23	-4.26	-4.29	-4.15	-3.65	-3.3
Other Adjustments to Gross Loans	-0.78	-0.71	-0.57	-0.61	-0.72	-0.92
Net Loans	615.47	582.99	523.31	516.92	482.01	521.69
Property, Plant & Equipment	7.27	8.63	7.38	7.13	7.35	8.98
Goodwill	6.98	6.98	6.98	6.98	6.98	6.98
Other Intangible Assets	0.04	0.99	0.12	0.16	0.19	0.24
Loans Held for Sale	0.64	0.16	-	0.43	0.13	1.67
Accrued Interest Receivable	2.39	2.44	2.18	1.82	1.61	2.06
Long-Term Deferred Tax Assets	7.12	7.61	8.31	8.39	2.18	1.22
Other Real Estate Owned & Foreclosed	2.76	1.18	1.24	1.24	1.24	1.41
Other Long-Term Assets	24.76	21.56	20.87	20.47	16.54	13.14
Total Assets	842.22	844.64	799.94	718.21	716.68	677.32
Interest Bearing Deposits	627.5	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	121.4	107.2	115.29	126.7	124.18	103.16
Total Deposits	748.9	758.81	680.96	623.61	626.41	573.4
Short-Term Borrowings	5.01	5.59	41.32	5.18	5.41	24.75
Current Portion of Long-Term Debt	10	5	-	15	-	-
Current Portion of Leases	-	0.32	-	-	-	-
Accrued Interest Payable	0.92	1	1.48	0.35	0.3	0.41
Long-Term Debt	10.39	11.33	13.21	15.1	16.98	16.97
Federal Home Loan Bank Debt, Long-Term	-	-	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	781.97	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	31.3	31.14	30.4	29.55	28.86	28.29
Retained Earnings	43.98	41.61	39.43	35.3	29.13	22.7
Comprehensive Income & Other	-15.06	-16.51	-17.68	-17.11	-1.39	0.71
Shareholders' Equity	60.25	56.27	52.18	47.77	56.62	51.73
Total Liabilities & Equity	842.22	844.64	799.94	718.21	716.68	677.32
Total Debt	25.39	23.43	60.55	41.44	28.7	48.17
Net Cash (Debt)	6.1	41.96	-15.76	-34.07	-1.89	-6.35
Net Cash Per Share	1.93	13.39	-5.11	-11.19	-0.63	-2.13
Filing Date Shares Outstanding	3.18	3.18	3.12	3.07	3.04	3.01
Total Common Shares Outstanding	3.18	3.17	3.12	3.07	3.04	3.01
Book Value Per Share	18.97	17.77	16.74	15.56	18.64	17.18
Tangible Book Value	53.22	48.31	45.08	40.64	49.45	44.51
Tangible Book Value Per Share	16.76	15.25	14.46	13.23	16.28	14.78

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