secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001437749-22-017403
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers and Merchants Bancshares reports net income of $4.1M for H1 2022, or $1.35 per share
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774922017403/0001437749-22-017403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774922017403/fmfg20220718_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017403

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