FMFG · XBRL financial data

Farmers and Merchants Bancshares financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (FMFG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Interest expense	3,459	2,805	2,146	9,907	—	—
Income tax expense (benefit)	487	2,433	2,485	2,017	1,231	1,607
Net income (loss)	2,682	8,150	8,090	6,418	4,278	5,766
Earnings per share, basic USD per share	—	2.70	2.66	2.08	1.37	1.81
Earnings per share, diluted USD per share	—	—	2.66	2.08	1.37	1.81
Weighted average shares, basic thousands of shares	2,984	3,018	3,046	3,083	3,133	3,188
Weighted average shares, diluted thousands of shares	—	—	3,046	3,086	3,133	3,188

Fiscal years (FMFG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Property and equipment, net	7,737	6,259	6,187	6,583	7,349	7,141
Right-of-use asset	—	—	—	794	1,285	1,065
Goodwill	6,978	6,978	6,978	6,978	6,978	6,978
Total assets	677,317	716,677	718,211	799,941	844,643	871,958
Total deposits	573,402	626,415	623,611	680,963	758,806	720,459
Total liabilities	625,588	660,056	670,436	747,763	788,371	807,298
Retained earnings	22,699	29,129	35,300	39,433	41,613	45,210
Total stockholders' equity	51,729	56,621	47,775	52,178	56,272	64,660
Total liabilities and equity	677,317	716,677	718,211	799,941	844,643	871,958
Common shares outstanding (cover page) thousands of shares	3,011	3,037	3,071	3,117	3,175	3,236

Fiscal years (FMFG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	2,682	8,150	8,090	6,418	4,278	5,766
Stock-based compensation	—	—	0	43	18	172
Net cash from operating activities	4,452	11,705	7,156	5,904	2,292	6,050
Net cash from investing activities	(45,701)	(58,985)	(35,359)	(42,359)	(22,709)	(41,499)
Dividends paid	1,070	1,156	1,226	1,236	1,377	1,329
Proceeds from long-term debt	16,972	0	—	—	—	—
Repayments of long-term debt	—	—	1,889	1,889	1,889	—
Net cash from financing activities	73,103	32,767	9,004	73,882	40,386	17,469
Net change in cash	31,854	(14,514)	(19,199)	37,427	19,969	(17,980)

SIC 6036 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6036 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Farmers & Merchants Bancshares	54,323	not reported	1,590*	3.3M	—	Q2 FY26 10-QJun 30, 2026
Broadway Financial Corp de	48,905	44	4,049*	not reported	—	Q2 FY26 10-QJun 30, 2026
IF Bancorp	8,791	not reported	1,802*	3.4M	—	Q2 FY26 10-QDec 31, 2025
Bogota Financial	29,897	not reported	2,357*	12.8M	—	Q2 FY26 10-QJun 30, 2026
Central Plains Bancshares	34,442	not reported	(198)	4.2M	173.9 quarters	Q1 FY27 10-QJun 30, 2026
First Seacoast Bancorp	5,496	not reported	(202)*	4.7M	—	Q2 FY26 10-QJun 30, 2026
Fifth District Bancorp	19,161	not reported	862*	5.2M	—	Q2 FY26 10-QJun 30, 2026
NSTS Bancorp	47,522	not reported	2,915*	5.3M	—	Q2 FY26 10-QJun 30, 2026
Rhinebeck Bancorp	304,563	not reported	5,591*	15.6M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.