Highest-materiality recent filing
Extends shareholder rights plan expiration date to July 29, 2027
Second Amendment to Rights Agreement with Equiniti Trust Company extends final expiration to July 29, 2027.
Farmers and Merchants Bancshares amends Code of Ethics; gifts threshold raised to $100
Board approved amended Code of Ethics shifting to concise, principle-based format with compliance focus.
Farmers and Merchants Bancshares declares $0.36 quarterly dividend, up 5.9%
Cash dividend of $0.36 per share, payable June 18, 2026 to holders of record June 2, 2026.
Shareholders elect two directors, approve say-on-pay and auditor ratification at annual meeting
Class IV directors Robert G. Pollokoff and Teresa L. Smack elected with 1,692,169 and 1,699,759 votes for, respectively.
Farmers & Merchants Bancshares amends equity plan, adds 200K shares for issuance
Board amended 2023 Equity Compensation Plan on April 28, 2026 to authorize 200,000 additional shares.
Farmers and Merchants Bancshares reports Q1 2026 EPS $0.56, net income up 57% YoY
Net income $1.8M ($0.56/share) for Q1 2026, up 57% from $1.2M ($0.37) in Q1 2025.
Farmers & Merchants Bancshares FY2025 net income $5.8M, EPS $1.81, up 35% YoY
Net income $5.8M ($1.81/share) for 2025 vs $4.3M ($1.37/share) in 2024, a 35% increase.
Farmers & Merchants Bancshares declares $0.34/share cash dividend
Dividend of $0.34 per share declared on November 17, 2025.
Farmers & Merchants Bancshares Q3 net income $1.7M ($0.53 EPS); 9-month $4.1M ($1.28 EPS)
Net income for 9 months ended Sep 30, 2025: $4.1M vs $3.4M YoY; basic EPS $1.28 vs $1.09.
Farmers and Merchants Bancshares issues $12.5M of 7.875% Subordinated Notes due 2035
Issued $12.5M aggregate principal of 7.875% Fixed-to-Floating Rate Subordinated Notes due Sept 25, 2035.
Farmers & Merchants Bancshares Q2 net income $1.2M, EPS $0.38; NIM expands to 2.92%
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.
Farmers and Merchants Bancshares appoints Paul Susie as CFO after Krebs retirement
Mark C. Krebs retired as CFO effective June 30, 2025.
F&M Bancshares extends poison pill expiration to July 29, 2026
First Amendment to Rights Agreement extends final expiration date from July 29, 2025 to July 29, 2026.
Farmers & Merchants Bancshares declares $0.34/share dividend, new DRIP registered
Cash dividend of $0.34 per share declared, payable July 25, 2025 to holders of record July 11.
Farmers and Merchants Bancshares adopts new DRIP, delays semi-annual dividend until June 2025
Filed S-1 registration statement for new 2025 Dividend Reinvestment Plan to replace exhausted 2017 plan.
Farmers and Merchants Bancshares amends 8-K to disclose omitted vote details from annual meeting
Steven W. Eline received 1,735,829 votes for election, 80,992 withheld, and 253,032 broker non-votes.
Appoints Barry Luciani as EVP and Chief Retail Banking Officer
Appointed as Executive Vice President and Chief Retail Banking Officer effective April 29, 2025.
Farmers & Merchants Bancshares shareholders elect directors and ratify auditor at annual meeting
Steven W. Eline elected director with 1,735,829 for, 80,992 withheld.
Net income $1.2M ($0.37 EPS) vs $1.2M ($0.39 EPS) Q1 2024; ROAA 0.57% vs 0.61%.
Farmers and Merchants Bancshares reports $4.28M net income for 2024, down 33% from prior year
Net income for 2024 was $4,277,703 ($1.37 per share), compared to $6,418,337 ($2.08 per share) in 2023.
Farmers and Merchants Bancshares declares $0.34 dividend, 14th consecutive annual increase
Cash dividend of $0.34 per share declared, payable Dec 17, 2024 to holders of record Dec 3, 2024.
Farmers & Merchants Bancshares Q3 EPS $0.36 vs $0.46 YoY; 9-month EPS $1.09 vs $1.63
Nine-month net income $3.42M ($1.09/sh) down 31.6% from $5.00M ($1.63/sh) YoY on higher interest expense.
Christopher T. Oswald Retires as Senior Vice President and COO of Farmers and Merchants Bancshares
Christopher T. Oswald retired as Senior Vice President of Farmers and Merchants Bancshares, Inc. on August 19, 2024.
Adopted rights plan triggered at 11% beneficial ownership; expires July 29, 2025.
Farmers & Merchants Bancshares H1 2024 net income down 35.6% to $2.3M ($0.74 EPS)
Net income for Q2 2024 was $1.08M ($0.35 EPS) vs $1.67M ($0.54 EPS) in Q2 2023, down 35.4%.
Farmers and Merchants Bancshares declares $0.33 per share cash dividend
Dividend of $0.33 per share declared on May 20, 2024.
Four director nominees elected with 1,473,994 to 1,585,499 votes cast for; broker non-votes of 237,426.
FMFG Q1 2024 net income falls 36% YoY to $1.22M, EPS $0.39 vs $0.62
Net income $1,219,987 ($0.39 per share) vs $1,900,851 ($0.62) in Q1 2023, down 36%.
Farmers and Merchants Bancshares FY2023 net income $6.42M ($2.08 EPS), down 21% YoY
Net income for FY2023 $6.42M ($2.08/diluted) vs $8.09M ($2.66) in FY2022.
Farmers & Merchants Bancshares declares $0.33 dividend, 4.8% YoY increase, 13th straight annual rise
Cash dividend of $0.33 per share, payable Dec 15, 2023 to holders of record Dec 1, 2023.
Farmers & Merchants Bancshares amends 8-K to correct CEO RSU grant date to Oct 24, 2023
Corrects Grant Date on 3,000 RSU award to CEO Gary A. Harris from Sept 22 to Oct 24, 2023.
Farmers & Merchants Bancshares Q3 net income falls 27% to $0.46 EPS; nine-month EPS $1.63 vs $2.00
Q3 2023 net income $1.43M ($0.46 per share) vs $1.97M ($0.65) a year ago.
Farmers & Merchants Bancshares grants CEO Gary Harris 3,000 RSUs vesting over 3 years
RSUs vest in 3 equal tranches of 1,000 shares on Sep 22, 2024, 2025, and 2026.
CEO Gary Harris gets 2,000 immediate shares, up to 3,000 more in conditional grants through 2026
CEO Gary A. Harris granted 2,000 fully-vested shares effective Sept 22, 2023 under 2023 Equity Compensation Plan.
Farmers & Merchants Bancshares elects Robert Pollokoff to board
Robert G. Pollokoff elected to boards of Company and Bank, effective August 29, 2023.
Emily Bollinger Miller elected to Farmers and Merchants Bancshares board
Emily Bollinger Miller, 37, elected director of both the Company and Farmers and Merchants Bank effective August 15, 2023.
Farmers & Merchants Bancshares Q2 net income falls 19% YoY to $1.67M; EPS $0.54
Six-month net income $3.57M ($1.16 EPS) vs $4.10M ($1.35 EPS) YoY, down 13%.
Farmers and Merchants Bancshares adopts 2023 Equity Compensation Plan with 30,000 shares reserved
Plan adopted July 17, 2023; authorizes 30,000 shares for stock awards, RSUs, and performance awards.
Farmers and Merchants Bancshares raises semi-annual dividend to $0.33 per share
Dividend of $0.33 per share declared, payable June 23, 2023 to holders of record June 2, 2023.
Farmers and Merchants Bancshares shareholders elect three directors, ratify auditor
All three director nominees (Cassell, Wooden, Harris) were elected with over 1.6M votes for each.
F&M Bancshares Q1 net income $1.9M ($0.62 EPS) vs $2.05M ($0.68) YoY
Net income $1,900,851 ($0.62/share) vs $2,050,802 ($0.68) in Q1 2022; ROAA 1.05% vs 1.15%.
Farmers and Merchants Bancshares enters SERP with President Gary A. Harris
Retirement benefit: 35% of highest 3-year average base salary, paid monthly for 20 years starting at age 65.
FMFG reports FY2022 net income $8.09M ($2.66/sh), down 0.7% YoY; book value declines to $15.56
FY2022 net income $8.09M ($2.66 diluted EPS) vs $8.15M ($2.70) in 2021; Q4 net income $2.01M ($0.66) vs $1.97M ($0.65).
James R. Bosley, Jr. retired as CEO of Farmers and Merchants Bancshares and its bank subsidiary on Dec 31, 2022.
Farmers & Merchants Bancshares declares Q4 dividend of $0.32, up 10.5% vs prior year
Cash dividend of $0.32 per share, payable Dec 16, 2022 to holders of record Dec 2, 2022.
Q3 2022 net income $1.97M ($0.65/sh) vs $2.12M ($0.70/sh) in Q3 2021.
Director John J. Schuster Jr. retires from Farmers and Merchants Bancshares board
John J. Schuster, Jr. retired as director of both the Company and its bank subsidiary effective August 22, 2022.
Farmers and Merchants Bancshares reports net income of $4.1M for H1 2022, or $1.35 per share
Net income for six months ended June 30, 2022 was $4,101,535, or $1.35 per share, compared to $4,061,794 in same period 2021
James R. Bosley, Jr. elected CEO effective July 18, 2022, to serve until his retirement on Dec 31, 2022.
Gary A. Harris to succeed James R. Bosley as President and CEO at year-end 2022
Gary A. Harris becomes President of Company and Bank on July 1, 2022; CEO on January 1, 2023 after James R. Bosley retires Dec 31, 2022.
appointed Barry Luciani to serve as the Bank’s Executive Vice President and Chief Retail Banking Officer (“CRBO”).
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.
On August 19, 2024, Christopher T. Oswald, the Senior Vice President of Farmers and Merchants Bancshares, Inc. (the “Company”) and the Executive Vice President - Chief Operations Officer of Farmers and Merchants Bank, the Company’s bank subsidiary, retired.
Effective August 29, 2023, the boards of directors of Farmers and Merchants Bancshares, Inc. (the “Company”) and Farmers and Merchants Bank (the “Bank”) elected Robert G. Pollokoff to serve as a director of the Company and the Bank.
Effective August 15, 2023, the boards of directors of Farmers and Merchants Bancshares, Inc. (the “Company”) and Farmers and Merchants Bank (the “Bank”) elected Emily Bollinger Miller to serve as a director of the Company and the Bank.
was replaced by Gary A. Harris, who now holds the positions of President and Chief Executive Officer.
James R. Bosley, Jr. retired as the Chief Executive Officer of the Company and its bank subsidiary, Farmers and Merchants Bank, on December 31, 2022
On August 22, 2022, Farmers and Merchants Bank (the “Bank”), the wholly-owned subsidiary of Farmers and Merchants Bancshares, Inc. (the “Company”), received a letter from John J. Schuster, Jr. in which he notified the Bank that he was retiring as a director of the Bank and of the Company for personal reasons.
When Mr. Bosley retires, Mr. Harris will serve as both the President and the Chief Executive Officer.
they also elected Mr. Harris to serve as President
elected Mr. Bosley to serve in that office until his retirement
elected Mr. Harris to serve as a Class II director of the Company until the 2024 annual meeting
Max materiality 0.90 · Median 0.45 · Most common event earnings