{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-001673","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2023-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.182778+00:00","generated_at":"2026-06-20T10:54:35.683291+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FMFG reports FY2022 net income $8.09M ($2.66/sh), down 0.7% YoY; book value declines to $15.56","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-001673","json":"https://secwatch.observer/filing/0001437749-23-001673.json","markdown":"https://secwatch.observer/filing/0001437749-23-001673.md","text":"https://secwatch.observer/filing/0001437749-23-001673.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923001673/0001437749-23-001673-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923001673/fmfg20230124_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:54:35.683291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36da7319efbb61d46d1b9da02c26211cae188819","claim":"Farmers & Merchants Bancshares, Inc. reported year ended December 31, 2022 results: net income $8,090,127, EPS $2.66 per common share (basic and diluted).","evidence_excerpt":"FARMERS AND MERCHANTS BANCSHARES, INC. REPORTS EARNINGS OF $8,090,127 OR $2.66 PER COMMON SHARE FOR THE YEAR ENDED DECEMBER 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923001673/0001437749-23-001673-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Net income","value":"$8,090,127"},{"label":"EPS","value":"$2.66 per common share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d94125fe5954d332994ef9e7f6c4c31668705a58","claim":"Farmers & Merchants Bancshares, Inc. reported three months ended December 31, 2022 results: net income $2,014,282, EPS $0.66 per common share (basic and diluted).","evidence_excerpt":"Net income for the three months ended December 31, 2022 was $2,014,282, or $0.66 per common share (basic and diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923001673/0001437749-23-001673-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Net income","value":"$2,014,282"},{"label":"EPS","value":"$0.66 per common share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}