---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-013416"
form_type: "8-K"
ticker: "FMFG"
cik: "0001698022"
company_name: "Farmers & Merchants Bancshares, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:55:21.868071+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-013416
- form_type: 8-K
- ticker: FMFG
- cik: 0001698022
- company_name: Farmers & Merchants Bancshares, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698022/000143774925013416/0001437749-25-013416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698022/000143774925013416/fmfg20250428_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-013416
- JSON: https://secwatch.observer/filing/0001437749-25-013416.json
- Plain text: https://secwatch.observer/filing/0001437749-25-013416.txt

## Source-grounded claims
- claim_id: 145579bcab
  claim: Paul B. Susie was appointed as Chief Financial Officer at Farmers & Merchants Bancshares, Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698022/000143774925013416/0001437749-25-013416-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.