{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-021168","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.893169+00:00","generated_at":"2026-06-12T22:09:56.597319+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Farmers & Merchants Bancshares Q2 net income falls 19% YoY to $1.67M; EPS $0.54","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-021168","json":"https://secwatch.observer/filing/0001437749-23-021168.json","markdown":"https://secwatch.observer/filing/0001437749-23-021168.md","text":"https://secwatch.observer/filing/0001437749-23-021168.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923021168/0001437749-23-021168-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923021168/fmfg20230731_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:09:56.597319+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":"846e122957db7a9b7d8804528b9793c1e4072555","claim":"Farmers & Merchants Bancshares, Inc. reported the three months ended June 30, 2023 results: net income $1,670,117, EPS $0.54 per common share (basic and diluted).","evidence_excerpt":"Net income for the three months ended June 30, 2023 was $1,670,117, or $0.54 per common share (basic and diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923021168/0001437749-23-021168-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$1,670,117"},{"label":"EPS","value":"$0.54 per common share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b22cc2471baf7ca746fe102e1404aa9228246e9f","claim":"Farmers & Merchants Bancshares, Inc. reported the six months ended June 30, 2023 results: net income $3,570,968, EPS $1.16 per common share (basic and diluted).","evidence_excerpt":"net income for the six months ended June 30, 2023 was $3,570,968, or $1.16 per common share (basic and diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923021168/0001437749-23-021168-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Net income","value":"$3,570,968"},{"label":"EPS","value":"$1.16 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"}