Farmers & Merchants Bancshares Q1 net income $1.2M ($0.37/share) flat YoY; CFO Krebs to retire, Susie appointed

Farmers & Merchants Bancshares, Inc.

2025-Q1 EPS reported $0.37

Net income $1.2M ($0.37 EPS) vs $1.2M ($0.39 EPS) Q1 2024; ROAA 0.57% vs 0.61%.
Net interest income $5.5M, up $321K YoY; avg loans $593.7M, up $59.1M.
Noninterest expense +$386K on occupancy, FDIC premiums, and legal fees for stockholder matters.
CFO Mark Krebs to retire June 30, 2025; Paul B. Susie (SVP-CAO) to be appointed CFO.
Total assets $817.6M (down from $844.6M Dec 2024); book value $18.44 per share.

item 2.02 item 7.01 item 8.01 item 5.02 item 9.01

Executive movements

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Appointed

Paul B. Susie

Chief Financial Officer

FMFG · Farmers & Merchants Bancshares, Inc.

Filed: April 29, 2025, 7:59 PM ET

The Company will disclose the information required by Item 5.02 of Form 8-K with respect to Mr. Susie in a Form 8-K that will be filed within four business days of his appointment as the CFO.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.7

Paul B. Susie was appointed as Chief Financial Officer at Farmers & Merchants Bancshares, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Company will disclose the information required by Item 5.02 of Form 8-K with respect to Mr. Susie in a Form 8-K that will be filed within four business days of his appointment as the CFO.

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Farmers & Merchants Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-013416

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