{"filings":[{"id":1084920,"accession_number":"0001437749-26-020810","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-06-16T20:34:35+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"Extends shareholder rights plan expiration date to July 29, 2027","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Second Amendment to Rights Agreement with Equiniti Trust Company extends final expiration to July 29, 2027.","No other terms of the Rights Agreement were modified.","Prior expiration date was under the First Amendment dated June 17, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":582358,"accession_number":"0001437749-26-018092","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-05-21T20:19:41+00:00","items":["5.05","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares amends Code of Ethics; gifts threshold raised to $100","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved amended Code of Ethics shifting to concise, principle-based format with compliance focus.","Nominal value threshold for gifts increased from $50 to $100; simplified standards.","New anti-retaliation protections for good-faith reporting; annual acknowledgment required.","Expanded policies on data protection, insider trading, and external employment disclosure.","Removed prescriptive detail; replaced with principles and management oversight."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":528316,"accession_number":"0001437749-26-017800","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-05-19T20:46:00+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares declares $0.36 quarterly dividend, up 5.9%","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.36 per share, payable June 18, 2026 to holders of record June 2, 2026.","Represents a 5.9% increase over the previous quarterly dividend paid in December.","Annualized payout ratio is approximately 33%.","Dividend declared by Board on May 18, 2026 and announced via press release on May 19, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94785,"accession_number":"0001437749-26-014235","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Shareholders elect two directors, approve say-on-pay and auditor ratification at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Class IV directors Robert G. Pollokoff and Teresa L. Smack elected with 1,692,169 and 1,699,759 votes for, respectively.","Non-binding advisory resolution on 2025 executive compensation approved with 1,741,137 for, 18,822 against.","Ratification of Yount, Hyde & Barbour, P.C. as independent auditor for 2026 approved with 2,021,935 for, none against.","Broker non-votes of 238,737 reported for director elections and say-on-pay; auditor ratification had none.","Meeting held April 28, 2026; all three proposals passed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94784,"accession_number":"0001437749-26-013896","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares amends equity plan, adds 200K shares for issuance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board amended 2023 Equity Compensation Plan on April 28, 2026 to authorize 200,000 additional shares.","Total shares authorized under the plan increased from 30,000 to 230,000.","Amended plan retains same terms; company will file Form S-8 to register the additional shares.","No changes to leadership, financial results, or other material items in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94783,"accession_number":"0001437749-26-013241","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-04-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares reports Q1 2026 EPS $0.56, net income up 57% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.8M ($0.56/share) for Q1 2026, up 57% from $1.2M ($0.37) in Q1 2025.","Net interest income $6.8M, up 23% YoY due to higher yields and higher average earning assets.","No provision for credit losses; zero non-accrual loans at March 31, 2026.","Total assets $863.4M; deposits decreased $9.2M to $711.3M due to repayment of brokered CDs.","Book value per share $20.43, tangible equity $59.1M; CEO expresses confidence for 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107401,"accession_number":"0001437749-26-002410","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares FY2025 net income $5.8M, EPS $1.81, up 35% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $5.8M ($1.81/share) for 2025 vs $4.3M ($1.37/share) in 2024, a 35% increase.","Q4 2025 net income $1.7M ($0.53/share) vs $0.9M ($0.27/share) in Q4 2024.","Net interest margin widened to 3.01% from 2.68%; loan portfolio grew 9% to $633.1M.","Zero non-accrual loans; asset quality remains strong.","Issued $12.5M subordinated debt in Sept 2025 to repay term loan and boost capital."],"consensus_eps_estimate":null,"consensus_eps_actual":1.81,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123752,"accession_number":"0001437749-25-035659","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-11-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares declares $0.34/share cash dividend","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.34 per share declared on November 17, 2025.","Payable December 15, 2025 to stockholders of record on December 5, 2025.","Company is parent of Farmers and Merchants Bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123751,"accession_number":"0001437749-25-031752","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-10-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q3 net income $1.7M ($0.53 EPS); 9-month $4.1M ($1.28 EPS)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for 9 months ended Sep 30, 2025: $4.1M vs $3.4M YoY; basic EPS $1.28 vs $1.09.","Q3 2025 net income $1.7M ($0.53 EPS) vs $1.1M ($0.36 EPS) in Q3 2024.","Net interest income increased $2.4M in 9 months; net yield on earning assets widened to 2.98% from 2.67%.","Loans net of allowance grew $39.5M to $622.5M; zero non-accrual loans at Sep 30, 2025.","Issued $12.5M subordinated debt in Sep 2025 to repay term loan and bolster bank capital."],"consensus_eps_estimate":null,"consensus_eps_actual":1.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140437,"accession_number":"0001437749-25-029881","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-09-25T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares issues $12.5M of 7.875% Subordinated Notes due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $12.5M aggregate principal of 7.875% Fixed-to-Floating Rate Subordinated Notes due Sept 25, 2035.","Net proceeds to repay ~$10M Term Note owed to First Horizon Bank (orig. $17M) plus general corporate purposes.","Fixed rate 7.875% until Sept 2030, then floats at 3-month SOFR + 458 bps; qualifies as Tier 2 capital.","Subordinated, unsecured, not guaranteed by subsidiary bank; redeemable at par after Sept 2030 subject to Fed approval.","Private placement under Rule 506(b); no sinking fund, no conversion, no holder redemption."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140436,"accession_number":"0001437749-25-023317","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-07-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q2 net income $1.2M, EPS $0.38; NIM expands to 2.92%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for H1 2025: $2.4M ($0.74/share), flat vs H1 2024; Q2 net income $1.2M ($0.38) vs $1.1M ($0.35) in Q2 2024.","Net interest margin widened to 2.92% from 2.70% on higher loan yields; provision of $268k recorded vs $0 in prior year (one loan write-down).","Loans grew $32.5M net in H1 to $615.5M; deposits decreased $9.9M to $748.9M. Tangible equity $53.2M; book value $18.97/share.","CEO cites strong loan growth and moderating funding costs; asset quality remains high with few delinquencies."],"consensus_eps_estimate":null,"consensus_eps_actual":0.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140435,"accession_number":"0001437749-25-021743","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-07-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares appoints Paul Susie as CFO after Krebs retirement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark C. Krebs retired as CFO effective June 30, 2025.","Paul B. Susie appointed Treasurer & CFO effective July 1, 2025; previously SVP Chief Accounting Officer.","Susie's annual base salary set at $210,000; eligible for bonus program.","Susie brings prior CFO experience at Severn Bancorp, First Mariner Bancorp, and others."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158110,"accession_number":"0001437749-25-020785","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"F&M Bancshares extends poison pill expiration to July 29, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["First Amendment to Rights Agreement extends final expiration date from July 29, 2025 to July 29, 2026.","Amendment entered with Equiniti Trust Company, LLC as Rights Agent.","Extension is subject to further extension or acceleration per the Rights Agreement.","No other changes made to the poison pill terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158109,"accession_number":"0001437749-25-019884","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares declares $0.34/share dividend, new DRIP registered","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.34 per share declared, payable July 25, 2025 to holders of record July 11.","New 2025 Dividend Reinvestment Plan (DRIP) registered with SEC effective June 6, 2025.","Stockholders may obtain DRIP prospectus free of charge by contacting the Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158108,"accession_number":"0001437749-25-018520","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-05-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares adopts new DRIP, delays semi-annual dividend until June 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed S-1 registration statement for new 2025 Dividend Reinvestment Plan to replace exhausted 2017 plan.","Board delays semi-annual cash dividend pending SEC effectiveness of the S-1; anticipates June 2025 declaration.","One-time deviation; company reaffirms intention to continue semi-annual dividend policy going forward.","New DRIP will allow common stock issuance after SEC declares registration effective."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158104,"accession_number":"0001437749-25-015805","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K/A","filed_at":"2025-05-09T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares amends 8-K to disclose omitted vote details from annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Steven W. Eline received 1,735,829 votes for election, 80,992 withheld, and 253,032 broker non-votes.","Bruce L. Schindler received 1,718,457 votes for election, 98,364 withheld, and 253,032 broker non-votes.","Ratification of Yount, Hyde & Barbour as auditor passed with 2,069,050 votes for, 0 against, and 803 abstentions.","Amendment corrects omission of abstentions and broker non-votes from the May 2, 2025 Original Report."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158107,"accession_number":"0001437749-25-014544","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-05-05T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Appoints Barry Luciani as EVP and Chief Retail Banking Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Appointed as Executive Vice President and Chief Retail Banking Officer effective April 29, 2025.","Annual base salary of $190,000 and eligibility for the Bank's executive bonus program.","Previously served as SVP Director of Retail Banking since October 2020; joined through Carroll Community Bank acquisition.","Mr. Luciani has not served as a public company director in the last five years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158106,"accession_number":"0001437749-25-014331","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Farmers & Merchants Bancshares shareholders elect directors and ratify auditor at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Steven W. Eline elected director with 1,735,829 for, 80,992 withheld.","Bruce L. Schindler elected director with 1,718,457 for, 98,364 withheld.","Yount, Hyde & Barbour, P.C. ratified as auditor with 2,069,050 for, 0 against, 803 abstain.","Annual meeting held April 29, 2025; both proposals passed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158105,"accession_number":"0001437749-25-013416","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-04-29T23:59:59+00:00","items":["2.02","7.01","8.01","5.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q1 net income $1.2M ($0.37/share) flat YoY; CFO Krebs to retire, Susie appointed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.2M ($0.37 EPS) vs $1.2M ($0.39 EPS) Q1 2024; ROAA 0.57% vs 0.61%.","Net interest income $5.5M, up $321K YoY; avg loans $593.7M, up $59.1M.","Noninterest expense +$386K on occupancy, FDIC premiums, and legal fees for stockholder matters.","CFO Mark Krebs to retire June 30, 2025; Paul B. Susie (SVP-CAO) to be appointed CFO.","Total assets $817.6M (down from $844.6M Dec 2024); book value $18.44 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176482,"accession_number":"0001437749-25-003311","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2025-02-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares reports $4.28M net income for 2024, down 33% from prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for 2024 was $4,277,703 ($1.37 per share), compared to $6,418,337 ($2.08 per share) in 2023.","Loan portfolio grew 11.4% to $583 million at December 31, 2024 from $523 million a year earlier.","Net interest margin decreased to 2.68% for 2024 from 2.97% in 2023, driven by higher interest expense from Fed rate hikes.","Core system conversion completed in October 2024, increasing expenses but expected to boost efficiency and customer experience."],"consensus_eps_estimate":null,"consensus_eps_actual":1.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193331,"accession_number":"0001437749-24-035729","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-11-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares declares $0.34 dividend, 14th consecutive annual increase","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.34 per share declared, payable Dec 17, 2024 to holders of record Dec 3, 2024.","Dividend increased $0.01 from the prior dividend paid in June 2024; total 2024 payout is $0.67 per share.","Annual dividend has increased for 14 consecutive years; 2024 dividend is $0.01 higher than $0.66 paid in 2023.","Dividend yield of 4.5% based on current market value of $14.75 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193330,"accession_number":"0001437749-24-031730","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-10-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q3 EPS $0.36 vs $0.46 YoY; 9-month EPS $1.09 vs $1.63","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Nine-month net income $3.42M ($1.09/sh) down 31.6% from $5.00M ($1.63/sh) YoY on higher interest expense.","Q3 net income $1.12M ($0.36/sh) vs $1.43M ($0.46/sh); ROE 8.05%, ROA 0.56% vs 11.54% and 0.77%.","Loan portfolio grew 12.5% annualized to $572M; NIM compressed to 2.67% from 3.04%; no credit loss provision.","Book value $18.81/sh (up from $16.74); tangible equity $52M; BTFP borrowings $54M; core conversion Oct 28."],"consensus_eps_estimate":null,"consensus_eps_actual":1.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209680,"accession_number":"0001437749-24-029261","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-09-16T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Christopher T. Oswald Retires as Senior Vice President and COO of Farmers and Merchants Bancshares","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Christopher T. Oswald retired as Senior Vice President of Farmers and Merchants Bancshares, Inc. on August 19, 2024.","He also served as Executive Vice President and Chief Operations Officer of its bank subsidiary, Farmers and Merchants Bank.","The retirement was disclosed in a Form 8-K filed with the SEC on September 16, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209679,"accession_number":"0001437749-24-023928","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-07-30T23:59:59+00:00","items":["1.01","3.03","8.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares adopts one-year stockholder rights plan with 11% trigger after activist filing","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Adopted rights plan triggered at 11% beneficial ownership; expires July 29, 2025.","Action follows July 8 Schedule 13D/A by Renbaum investor group owning ~10.1% seeking to acquire up to 24.9%.","Rights plan designed to prevent creeping control without board negotiation or control premium.","Existing holders as of Aug 12, 2024 receive one right per share; rights become exercisable on distribution date.","Board can redeem rights at $0.001 per right before distribution date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209678,"accession_number":"0001437749-24-023133","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-07-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares H1 2024 net income down 35.6% to $2.3M ($0.74 EPS)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for Q2 2024 was $1.08M ($0.35 EPS) vs $1.67M ($0.54 EPS) in Q2 2023, down 35.4%.","Net interest margin shrank to 2.70% from 3.09% due to 128bp increase in cost of deposits and borrowings.","Loans grew to $546M from $523M at Dec 2023; deposits fell to $651M from $681M.","BTFP borrowings increased to $54M at June 30, 2024; no provision for credit losses recorded.","Management expects no significant NIM improvement in H2 2024; core system conversion underway."],"consensus_eps_estimate":null,"consensus_eps_actual":0.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227812,"accession_number":"0001437749-24-017753","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-05-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares declares $0.33 per share cash dividend","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.33 per share declared on May 20, 2024.","Payable June 21, 2024 to stockholders of record June 3, 2024.","Represents a 4.1% annual yield based on $16.25 market price."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227811,"accession_number":"0001437749-24-012975","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-04-24T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Farmers & Merchants Bancshares annual meeting elects directors, say-on-pay approved; future votes every 2 years","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Four director nominees elected with 1,473,994 to 1,585,499 votes cast for; broker non-votes of 237,426.","Non-binding say-on-pay resolution approved with 1,368,787 for, 224,196 against, 84,134 abstain.","Advisory vote on frequency of say-on-pay favored 2 years (1,116,350 votes) over 1 year (400,231).","Board decides future say-on-pay votes every 2 years, beginning with 2026 annual meeting.","Ratification of Yount, Hyde & Barbour as auditor for 2024 passed with 1,865,024 for, 4,372 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227810,"accession_number":"0001437749-24-012766","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-04-23T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"FMFG Q1 2024 net income falls 36% YoY to $1.22M, EPS $0.39 vs $0.62","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1,219,987 ($0.39 per share) vs $1,900,851 ($0.62) in Q1 2023, down 36%.","Net interest margin compressed to 2.69% from 3.24% due to higher deposit and borrowing costs.","Loans grew to $537M from $523M at Dec. 2023; deposits fell to $656M from $681M.","No credit loss provision recorded vs $270K recovery in Q1 2023; noninterest expense up $355K.","BTFP borrowings increased to $54M at Mar. 31, 2024; liquidity of ~$364M available."],"consensus_eps_estimate":null,"consensus_eps_actual":0.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246616,"accession_number":"0001437749-24-002711","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares FY2023 net income $6.42M ($2.08 EPS), down 21% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for FY2023 $6.42M ($2.08/diluted) vs $8.09M ($2.66) in FY2022.","Q4 2023 net income $1.42M ($0.46/share) vs $2.01M ($0.66) in Q4 2022.","Net interest income fell $2.71M YoY as net yield dropped to 2.97% from 3.54%.","Total assets $800M (Dec 2023) vs $718M (Dec 2022); deposits $681M vs $624M.","CECL credit loss recovery of $570K vs provision of $475K in 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":2.08,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264032,"accession_number":"0001437749-23-032703","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-11-21T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Farmers & Merchants Bancshares declares $0.33 dividend, 4.8% YoY increase, 13th straight annual rise","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.33 per share, payable Dec 15, 2023 to holders of record Dec 1, 2023.","Quarterly rate unchanged from June 2023; combined 2023 dividend $0.66 per share.","2023 dividend represents 4.8% increase over $0.63 per share paid in 2022.","Annual dividend has increased for 13 consecutive years.","Dividend yield of 3.8% based on market price of $17.52 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264029,"accession_number":"0001437749-23-032146","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K/A","filed_at":"2023-11-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares amends 8-K to correct CEO RSU grant date to Oct 24, 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Corrects Grant Date on 3,000 RSU award to CEO Gary A. Harris from Sept 22 to Oct 24, 2023.","Vesting schedule unchanged: 1/3 on each of Sept 22, 2024, 2025, 2026.","Item 5.02 amended to more precisely define vesting period; original agreement replaced.","No other changes to previously disclosed terms of the equity award."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264031,"accession_number":"0001437749-23-028823","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-10-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares grants CEO Gary Harris 3,000 RSUs vesting over 3 years","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["RSUs vest in 3 equal tranches of 1,000 shares on Sep 22, 2024, 2025, and 2026.","Grant effective Sep 22, 2023; agreement signed Oct 24, 2023 under 2023 Equity Compensation Plan.","No stockholder rights (voting or dividends) until settlement in common shares after each vesting.","Award contains customary forfeiture and clawback provisions; no performance conditions attached."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264030,"accession_number":"0001437749-23-028820","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-10-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q3 net income falls 27% to $0.46 EPS; nine-month EPS $1.63 vs $2.00","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2023 net income $1.43M ($0.46 per share) vs $1.97M ($0.65) a year ago.","Nine-month net income $5.00M ($1.63 per share) vs $6.08M ($2.00); ROAE 13.45% vs 15.53%.","Net interest income fell $1.7M on higher deposit/borrowing costs; cost of funds rose 113 bps to 1.52%.","Recovery of credit losses $570K vs provision $95K; total assets $757M; loans $526M; deposits $644M.","Unrealized AFS portfolio loss $29M; BTFP borrowings $33M; 20% of deposits uninsured."],"consensus_eps_estimate":null,"consensus_eps_actual":1.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281258,"accession_number":"0001437749-23-026756","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-09-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEO Gary Harris gets 2,000 immediate shares, up to 3,000 more in conditional grants through 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Gary A. Harris granted 2,000 fully-vested shares effective Sept 22, 2023 under 2023 Equity Compensation Plan.","Conditional grants of 1,000 vested shares each on Sept 22, 2024, 2025, and 2026 if employed in good standing.","Total potential grant of 5,000 shares of common stock (par value $0.01 per share) over four years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281257,"accession_number":"0001437749-23-024923","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-08-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares elects Robert Pollokoff to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert G. Pollokoff elected to boards of Company and Bank, effective August 29, 2023.","Pollokoff is President & CEO of The Fedder Company, a commercial real estate firm.","Will receive $775 per board meeting and $490 per committee meeting as standard director compensation.","Expected to join Directors' Loan, Facilities, and Marketing Steering committees.","CEO Gary Harris says Pollokoff's real estate expertise will add value to the board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281256,"accession_number":"0001437749-23-023841","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-08-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Emily Bollinger Miller elected to Farmers and Merchants Bancshares board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Emily Bollinger Miller, 37, elected director of both the Company and Farmers and Merchants Bank effective August 15, 2023.","Miller is owner/partner and Secretary-Treasurer of Barnes-Bollinger Insurance Services, a full-service insurance firm.","Expected to serve on Facilities, Compensation, and Marketing Steering Committees.","Receives standard non-employee director compensation: $800 per board meeting and $510 per committee meeting attended.","No reportable transactions with the Company under Item 404(a) of Regulation S-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281255,"accession_number":"0001437749-23-021168","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares Q2 net income falls 19% YoY to $1.67M; EPS $0.54","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Six-month net income $3.57M ($1.16 EPS) vs $4.10M ($1.35 EPS) YoY, down 13%.","Q2 net interest margin compressed due to 90bps increase in deposit/borrowing costs to 1.29%.","Loans grew to $531M from $517M at Dec 2022; deposits increased to $632M.","Recorded a $495,000 recovery of credit losses under CECL; no credit deterioration in AFS portfolio.","Utilized $10M from FRB BTFP; total liquidity access ~$328M."],"consensus_eps_estimate":null,"consensus_eps_actual":1.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":281254,"accession_number":"0001437749-23-020214","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-07-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares adopts 2023 Equity Compensation Plan with 30,000 shares reserved","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Plan adopted July 17, 2023; authorizes 30,000 shares for stock awards, RSUs, and performance awards.","Eligible participants include employees, directors, and consultants of the Company.","Plan is intended to attract, incentivize, and retain key personnel via equity-based compensation.","Registration statement will be filed before any grants; no awards until effective."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300035,"accession_number":"0001437749-23-015042","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares raises semi-annual dividend to $0.33 per share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Dividend of $0.33 per share declared, payable June 23, 2023 to holders of record June 2, 2023.","Dividend increased $0.01 from the prior semi-annual dividend paid in December 2022.","This marks the 27th consecutive semi-annual dividend that has increased or remained the same since June 2010."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300034,"accession_number":"0001437749-23-011106","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-04-26T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Farmers and Merchants Bancshares shareholders elect three directors, ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All three director nominees (Cassell, Wooden, Harris) were elected with over 1.6M votes for each.","Ratification of Yount, Hyde & Barbour as independent auditor passed with 1,961,663 votes for, 8,833 against.","Broker non-votes of 243,534 on director elections."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300033,"accession_number":"0001437749-23-010960","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-04-25T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"F&M Bancshares Q1 net income $1.9M ($0.62 EPS) vs $2.05M ($0.68) YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1,900,851 ($0.62/share) vs $2,050,802 ($0.68) in Q1 2022; ROAA 1.05% vs 1.15%.","Net interest income fell $307k; net yield to 3.24% from 3.56% due to higher deposit costs (Fed rate hikes).","Total assets $723M, loans $521M (up $4M), deposits $637M (up $13M) from Dec 2022.","Book value $16.53/share; tangible equity $44M; AFS portfolio unrealized loss $21M but no credit deterioration.","CEO cites low uninsured deposits (~20%), ample liquidity, no crypto; loan portfolio performing well."],"consensus_eps_estimate":null,"consensus_eps_actual":0.62,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320117,"accession_number":"0001437749-23-004638","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-02-27T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares enters SERP with President Gary A. Harris","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Retirement benefit: 35% of highest 3-year average base salary, paid monthly for 20 years starting at age 65.","Change in control benefit: present value of 20-year stream of 35% of high 3 average pay, paid over 5 years with 4% interest.","Death benefit: lump sum of greater of accrued benefit or $2,127,275.","Early termination and disability benefits: accrued benefit paid over 20 years with interest at Moody's AA bond rate minus 0.25%.","Benefits forfeited if termination for cause or violation of non-compete, confidentiality, or non-solicitation clauses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320116,"accession_number":"0001437749-23-001673","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-01-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"FMFG reports FY2022 net income $8.09M ($2.66/sh), down 0.7% YoY; book value declines to $15.56","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2022 net income $8.09M ($2.66 diluted EPS) vs $8.15M ($2.70) in 2021; Q4 net income $2.01M ($0.66) vs $1.97M ($0.65).","Book value per share fell to $15.56 from $18.64 due to $25M unrealized loss on AFS securities from rising interest rates.","Loans grew 7.2% to $517M despite $9M PPP loan forgiveness; deposits decreased to $624M from $626M.","Return on equity improved to 16.03% from 14.85%; return on assets was 1.13% vs 1.16%.","CEO James Bosley retired; Gary A. Harris, formerly President, now President & CEO as of January 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":2.66,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320115,"accession_number":"0001437749-23-001161","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2023-01-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"James R. Bosley Jr. retires as CEO; Gary A. Harris appointed President and CEO effective Dec 31, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James R. Bosley, Jr. retired as CEO of Farmers and Merchants Bancshares and its bank subsidiary on Dec 31, 2022.","Gary A. Harris succeeded Bosley as President and CEO, effective Dec 31, 2022.","The leadership transition was previously announced on May 25, 2022 and July 20, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":338267,"accession_number":"0001437749-22-027877","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-11-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares declares Q4 dividend of $0.32, up 10.5% vs prior year","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Cash dividend of $0.32 per share, payable Dec 16, 2022 to holders of record Dec 2, 2022.","Dividend increased $0.01 from previous June 2022 payment; combined 2022 dividends $0.63 per share, up 10.5% from $0.57 in 2021.","Annual dividend increased for 12 consecutive years.","Dividend yield of 3.0% based on market price of $20.75 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":338266,"accession_number":"0001437749-22-024469","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-10-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers & Merchants Bancshares reports 9M net income $6.08M ($2.00/sh); book value down to $15.01 due to AFS losses","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2022 net income $1.97M ($0.65/sh) vs $2.12M ($0.70/sh) in Q3 2021.","Nine-month net income $6.08M ($2.00/sh) vs $6.18M ($2.05/sh) year ago.","Loans grew to $505M from $482M despite $9M PPP decline; deposits rose to $639M from $626M.","Book value fell to $15.01/sh from $18.64/sh due to $24M unrealized loss on AFS securities.","CEO notes strong YTD earnings but expects deposit rate increases to pressure Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355640,"accession_number":"0001437749-22-021306","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-08-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director John J. Schuster Jr. retires from Farmers and Merchants Bancshares board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John J. Schuster, Jr. retired as director of both the Company and its bank subsidiary effective August 22, 2022.","Retirement for personal reasons; no disagreement with operations, policies or practices.","No replacement director named in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355639,"accession_number":"0001437749-22-017445","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-07-20T23:59:59+00:00","items":["5.02","5.03","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares names Gary Harris President, successor CEO; Bosley CEO until Dec 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James R. Bosley, Jr. elected CEO effective July 18, 2022, to serve until his retirement on Dec 31, 2022.","Gary A. Harris elected President and will become CEO and President upon Bosley's retirement.","Harris also elected to the Board as a Class II director until 2024 annual meeting.","Harris entered into Change in Control Severance Agreement providing up to 2.99x base salary if terminated without cause within 12 months of a change in control.","Bylaws amended to establish CEO position and conform officer roles."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355638,"accession_number":"0001437749-22-017403","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-07-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Farmers and Merchants Bancshares reports net income of $4.1M for H1 2022, or $1.35 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income for six months ended June 30, 2022 was $4,101,535, or $1.35 per share, compared to $4,061,794 in same period 2021","Net interest income increased $620,298 due to $29.0M growth in average interest-earning assets to $679.3M","No provision for loan losses for six months versus $100,000 in prior year period","Book value per share decreased to $15.78 from $18.64 due to decline in AFS investment portfolio market value from rising interest rates"],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":373874,"accession_number":"0001437749-22-013438","cik":1698022,"company_name":"Farmers & Merchants Bancshares, Inc.","ticker":"FMFG","form_type":"8-K","filed_at":"2022-05-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Gary A. Harris to succeed James R. Bosley as President and CEO at year-end 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Gary A. Harris becomes President of Company and Bank on July 1, 2022; CEO on January 1, 2023 after James R. Bosley retires Dec 31, 2022.","Harris has been with Farmers and Merchants Bank since 2008, most recently as EVP and Chief Lending Officer.","Boards selected Harris after an East Coast search led by Kaplan Partners; he will be only the fifth President in 102-year bank history."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":57725015.21991982,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-25T23:59:59+00:00|373874"}