{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012766","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.643741+00:00","generated_at":"2026-06-03T12:03:56.413345+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FMFG Q1 2024 net income falls 36% YoY to $1.22M, EPS $0.39 vs $0.62","bullets":["Net income $1,219,987 ($0.39 per share) vs $1,900,851 ($0.62) in Q1 2023, down 36%.","Net interest margin compressed to 2.69% from 3.24% due to higher deposit and borrowing costs.","Loans grew to $537M from $523M at Dec. 2023; deposits fell to $656M from $681M.","No credit loss provision recorded vs $270K recovery in Q1 2023; noninterest expense up $355K.","BTFP borrowings increased to $54M at Mar. 31, 2024; liquidity of ~$364M available."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012766","json":"https://secwatch.observer/filing/0001437749-24-012766.json","markdown":"https://secwatch.observer/filing/0001437749-24-012766.md","text":"https://secwatch.observer/filing/0001437749-24-012766.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924012766/0001437749-24-012766-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924012766/fmfg20240422_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T12:03:56.413345+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":"2c41a61a8ddfe4f7b81676915a96d2a9a191a52a","claim":"Farmers & Merchants Bancshares, Inc. reported the three months ended March 31, 2024 results: net income $1,219,987, EPS $0.39 per common share (basic and diluted).","evidence_excerpt":"FARMERS AND MERCHANTS BANCSHARES, INC. REPORTS EARNINGS OF $1,219,987 OR $0.39 PER SHARE FOR THE THREE MONTHS ENDED MARCH 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924012766/0001437749-24-012766-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Net income","value":"$1,219,987"},{"label":"EPS","value":"$0.39 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"}