{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-023317","form_type":"8-K","ticker":"FMFG","cik":"0001698022","company_name":"Farmers & Merchants Bancshares, Inc.","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.700681+00:00","generated_at":"2026-05-18T03:31:25.874367+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Farmers & Merchants Bancshares Q2 net income $1.2M, EPS $0.38; NIM expands to 2.92%","bullets":["Net income for H1 2025: $2.4M ($0.74/share), flat vs H1 2024; Q2 net income $1.2M ($0.38) vs $1.1M ($0.35) in Q2 2024.","Net interest margin widened to 2.92% from 2.70% on higher loan yields; provision of $268k recorded vs $0 in prior year (one loan write-down).","Loans grew $32.5M net in H1 to $615.5M; deposits decreased $9.9M to $748.9M. Tangible equity $53.2M; book value $18.97/share.","CEO cites strong loan growth and moderating funding costs; asset quality remains high with few delinquencies."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-023317","json":"https://secwatch.observer/filing/0001437749-25-023317.json","markdown":"https://secwatch.observer/filing/0001437749-25-023317.md","text":"https://secwatch.observer/filing/0001437749-25-023317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698022/000143774925023317/0001437749-25-023317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698022/000143774925023317/fmfg20250723_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:31:25.874367+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"}