{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002711","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.156831+00:00","generated_at":"2026-06-06T13:47:21.902313+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Farmers and Merchants Bancshares FY2023 net income $6.42M ($2.08 EPS), down 21% YoY","bullets":["Net income for FY2023 $6.42M ($2.08/diluted) vs $8.09M ($2.66) in FY2022.","Q4 2023 net income $1.42M ($0.46/share) vs $2.01M ($0.66) in Q4 2022.","Net interest income fell $2.71M YoY as net yield dropped to 2.97% from 3.54%.","Total assets $800M (Dec 2023) vs $718M (Dec 2022); deposits $681M vs $624M.","CECL credit loss recovery of $570K vs provision of $475K in 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002711","json":"https://secwatch.observer/filing/0001437749-24-002711.json","markdown":"https://secwatch.observer/filing/0001437749-24-002711.md","text":"https://secwatch.observer/filing/0001437749-24-002711.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924002711/0001437749-24-002711-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924002711/fmfg20240131_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:47:21.902313+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":"2838d681090df9a1eb81987812414f2e3046611e","claim":"Farmers & Merchants Bancshares, Inc. reported the year ended December 31, 2023 results: net income $6,418,337, EPS $2.08 per common share (basic and diluted).","evidence_excerpt":"Farmers and Merchants Bancshares, Inc. (the “Company”), the parent of Farmers and Merchants Bank (the “Bank”), announced that net income for the year ended December 31, 2023 was $6,418,337, or $2.08 per common share (basic and diluted), compared to $8,090,127, or $2.66 per common share (basic and diluted), for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924002711/0001437749-24-002711-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$6,418,337"},{"label":"EPS","value":"$2.08 per common share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6327cddbabbb2eb5cf01152b9137da9e0f1c42ec","claim":"Farmers & Merchants Bancshares, Inc. reported the three months ended December 31, 2023 results: net income $1,415,230, EPS $0.46 per common share (basic and diluted).","evidence_excerpt":"Net income for the three months ended December 31, 2023 was $1,415,230, or $0.46 per common share (basic and diluted), compared to $2,014,282, or $0.66 per common share (basic and diluted), for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924002711/0001437749-24-002711-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Net income","value":"$1,415,230"},{"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"}