---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024469"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2022-10-20T23:59:59+00:00"
generated_at: "2026-06-23T02:20:24.433278+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Farmers & Merchants Bancshares reports 9M net income $6.08M ($2.00/sh); book value down to $15.01 due to AFS losses

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-024469
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2022-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774922024469/0001437749-22-024469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774922024469/fmfg20221019_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024469
- JSON: https://secwatch.observer/filing/0001437749-22-024469.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024469.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.