{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028820","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.089008+00:00","generated_at":"2026-06-09T14:19:31.279606+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Farmers & Merchants Bancshares Q3 net income falls 27% to $0.46 EPS; nine-month EPS $1.63 vs $2.00","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028820","json":"https://secwatch.observer/filing/0001437749-23-028820.json","markdown":"https://secwatch.observer/filing/0001437749-23-028820.md","text":"https://secwatch.observer/filing/0001437749-23-028820.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923028820/0001437749-23-028820-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923028820/fmfg20231024_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T14:19:31.279606+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":"20010ca530f74e3ad85b24fdadc878b2d1a06a34","claim":"Farmers & Merchants Bancshares, Inc. reported three- and nine-month periods ended September 30, 2023 results: net income Net income for the three months ended September 30, 2023 was $1,432,139, EPS $0.46 per common share (basic and diluted).","evidence_excerpt":"Net income for the nine months ended September 30, 2023 was $5,003,107, or $1.63 per common share (basic and diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923028820/0001437749-23-028820-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three- and nine-month periods ended September 30, 2023"},{"label":"Net income","value":"Net income for the three months ended September 30, 2023 was $1,432,139"},{"label":"EPS","value":"$0.46 per common share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"20010ca530f74e3ad85b24fdadc878b2d1a06a34","claim":"Farmers & Merchants Bancshares, Inc. reported three- and nine-month periods ended September 30, 2023 results: net income Net income for the three months ended September 30, 2023 was $1,432,139, EPS $0.46 per common share (basic and diluted).","evidence_excerpt":"Net income for the three months ended September 30, 2023 was $1,432,139, or $0.46 per common share (basic and diluted)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774923028820/0001437749-23-028820-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three- and nine-month periods ended September 30, 2023"},{"label":"Net income","value":"Net income for the three months ended September 30, 2023 was $1,432,139"},{"label":"EPS","value":"$0.46 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"}