{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-003311","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2025-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.484426+00:00","generated_at":"2026-05-27T00:12:44.129851+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 reports $4.28M net income for 2024, down 33% from prior year","bullets":["Net income for 2024 was $4,277,703 ($1.37 per share), compared to $6,418,337 ($2.08 per share) in 2023.","Loan portfolio grew 11.4% to $583 million at December 31, 2024 from $523 million a year earlier.","Net interest margin decreased to 2.68% for 2024 from 2.97% in 2023, driven by higher interest expense from Fed rate hikes.","Core system conversion completed in October 2024, increasing expenses but expected to boost efficiency and customer experience."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-003311","json":"https://secwatch.observer/filing/0001437749-25-003311.json","markdown":"https://secwatch.observer/filing/0001437749-25-003311.md","text":"https://secwatch.observer/filing/0001437749-25-003311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774925003311/0001437749-25-003311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774925003311/fmfg20250210_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-27T00:12:44.129851+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"}