For the quarter ending 2025-09-30, FMFG has $869,632K in assets. $806,469K in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 51,666 | 30,282 | ||
| Federal funds sold and other interest-bearing deposits | 521 | 1,001 | ||
| Cash and cash equivalents | 52,187 | 31,283 | ||
| Certificates of deposit in other banks | 100 | 100 | ||
| Securities available for sale, at fair value | 121,138 | 121,434 | ||
| Securities held to maturity, at amortized cost less allowance for credit losses of 79 and 60 | 21,128 | 21,328 | ||
| Equity security, at fair value | 546 | 535 | ||
| Restricted stock, at cost | 3,100 | 1,190 | ||
| Mortgage loans held for sale | 0 | 641 | ||
| Loans | 627,764 | - | ||
| Financing receivable, allowance for credit loss, excluding accrued interest | 4,257 | - | ||
| Deferred origination fees net of costs | 1,050 | - | ||
| Loans, less allowance for credit losses of 4,257 and 4,260 | 622,457 | 615,469 | ||
| Premises and equipment, net | 7,222 | 7,267 | ||
| Accrued interest receivable | 2,550 | 2,388 | ||
| Deferred income taxes, net | 6,410 | 7,120 | ||
| Other real estate owned, net | 2,775 | 2,758 | ||
| Bank owned life insurance | 15,640 | 15,535 | ||
| Goodwill and other intangibles, net | 7,020 | 7,022 | ||
| Other assets | 7,359 | 8,148 | ||
| Total assets | 869,632 | 842,218 | ||
| Noninterest-bearing | 116,187 | 121,398 | ||
| Interest-bearing | 617,909 | 627,500 | ||
| Total deposits | 734,096 | 748,898 | ||
| Securities sold under repurchase agreements | 2,458 | 4,772 | ||
| Federal home loan bank of atlanta advances | 50,200 | 10,000 | ||
| Long-term debt, net of issuance costs | 12,024 | 10,388 | ||
| Accrued interest payable | 935 | 919 | ||
| Other Liabilities | 6,756 | 6,995 | ||
| Total liabilities | 806,469 | 781,972 | ||
| Common stock, par value .01 per share, authorized 5,000,000 shares issued and outstanding 3,202,935 shares in 2025 and 3,166,653 shares in 2024 | 32 | 32 | ||
| Additional paid-in capital | 31,718 | 31,299 | ||
| Retained earnings | 44,602 | 43,976 | ||
| Accumulated other comprehensive loss | -13,189 | -15,061 | ||
| Total stockholders' equity | 63,163 | 60,246 | ||
| Total liabilities and stockholders' equity | 869,632 | 842,218 | ||
Farmers & Merchants Bancshares, Inc. (FMFG)
Farmers & Merchants Bancshares, Inc. (FMFG)