secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001437749-25-013416
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774925013416/0001437749-25-013416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774925013416/fmfg20250428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-013416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer