{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-031730","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2024-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.261407+00:00","generated_at":"2026-05-30T11:41:41.019681+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Farmers & Merchants Bancshares Q3 EPS $0.36 vs $0.46 YoY; 9-month EPS $1.09 vs $1.63","bullets":["Nine-month net income $3.42M ($1.09/sh) down 31.6% from $5.00M ($1.63/sh) YoY on higher interest expense.","Q3 net income $1.12M ($0.36/sh) vs $1.43M ($0.46/sh); ROE 8.05%, ROA 0.56% vs 11.54% and 0.77%.","Loan portfolio grew 12.5% annualized to $572M; NIM compressed to 2.67% from 3.04%; no credit loss provision.","Book value $18.81/sh (up from $16.74); tangible equity $52M; BTFP borrowings $54M; core conversion Oct 28."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-031730","json":"https://secwatch.observer/filing/0001437749-24-031730.json","markdown":"https://secwatch.observer/filing/0001437749-24-031730.md","text":"https://secwatch.observer/filing/0001437749-24-031730.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924031730/0001437749-24-031730-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774924031730/fmfg20241022_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T11:41:41.019681+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"}