{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-023133","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2024-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.150507+00:00","generated_at":"2026-05-31T18:33:52.453684+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 & Merchants Bancshares H1 2024 net income down 35.6% to $2.3M ($0.74 EPS)","bullets":["Net income for Q2 2024 was $1.08M ($0.35 EPS) vs $1.67M ($0.54 EPS) in Q2 2023, down 35.4%.","Net interest margin shrank to 2.70% from 3.09% due to 128bp increase in cost of deposits and borrowings.","Loans grew to $546M from $523M at Dec 2023; deposits fell to $651M from $681M.","BTFP borrowings increased to $54M at June 30, 2024; no provision for credit losses recorded.","Management expects no significant NIM improvement in H2 2024; core system conversion underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-023133","json":"https://secwatch.observer/filing/0001437749-24-023133.json","markdown":"https://secwatch.observer/filing/0001437749-24-023133.md","text":"https://secwatch.observer/filing/0001437749-24-023133.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924023133/0001437749-24-023133-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924023133/fmfg20240719_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:33:52.453684+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}