| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Loans, including fees | 9,307,000 | 8,899,000 | 8,366,000 | 7,901,509 |
| Investment securities - taxable | 1,071,000 | 1,070,000 | 1,051,000 | 1,623,113 |
| Investment securities - tax exempt | 157,000 | 153,000 | 156,000 | 141,258 |
| Federal funds sold and other interest earning assets | 424,000 | 171,000 | 314,000 | 180,572 |
| Total interest income | 10,959,000 | 10,293,000 | 9,886,000 | 9,846,452 |
| Deposits | 4,344,000 | 4,071,000 | 4,249,000 | 3,910,840 |
| Securities sold under repurchase agreements | 13,000 | 12,000 | 17,000 | 13,069 |
| Federal home loan bank advances | 129,000 | 110,000 | 12,000 | 64,713 |
| Federal reserve bank advances | 0 | 0 | - | 647,882 |
| Long-term debt | 120,000 | 109,000 | 113,000 | 125,103 |
| Total interest expense | 4,606,000 | 4,302,000 | 4,391,000 | 4,761,607 |
| Net interest income | 6,353,000 | 5,991,000 | 5,495,000 | 5,084,845 |
| Provision for (recovery of) credit losses | 327,000 | 238,000 | 30,000 | - |
| Net interest income after provision for (recovery of) credit losses | 6,026,000 | 5,753,000 | 5,465,000 | 5,084,845 |
| Other fees and commissions-Deposit Account | 185,000 | - | - | - |
| Loss on sale of debt securities | - | 0 | - | - |
| Mortgage banking income | 75,000 | 47,000 | 29,000 | 43,035 |
| Bank owned life insurance income | 105,000 | 106,000 | 105,000 | 102,832 |
| Fair value adjustment of equity security | 7,000 | 1,000 | 9,000 | 19,808 |
| Noninterest income | - | - | 278,000 | 290,502 |
| Loss on sale of debt securities | 0 | - | - | - |
| Other fees and commissions-Deposit Account | - | 178,000 | - | - |
| Gain on settlement of fair value hedge | 0 | 0 | 94,000 | - |
| Other fees and commissions-Financial Service Other | - | 124,000 | - | - |
| Loss on sale of premises and equipment | 0 | - | - | -5,157 |
| Gain on insurance proceeds, net | 73,000 | 0 | - | - |
| Other fees and commissions-Financial Service Other | 106,000 | - | - | - |
| Total noninterest income | 551,000 | 456,000 | 514,000 | 451,020 |
| Salaries | 2,178,000 | 2,191,000 | 2,207,000 | 1,878,411 |
| Employee benefits | 573,000 | 531,000 | 382,000 | 548,892 |
| Occupancy | 281,000 | 280,000 | 328,000 | 274,580 |
| Furniture and equipment | 370,000 | 480,000 | 335,000 | 327,198 |
| Professional services | 174,000 | 218,000 | 173,000 | 166,485 |
| Automated teller machine and debit card expenses | 71,000 | 168,000 | 168,000 | 173,244 |
| Federal deposit insurance corporation premiums | 150,000 | 117,000 | 199,000 | 90,898 |
| Postage, delivery, and armored carrier | 62,000 | 64,000 | 78,000 | 72,206 |
| Advertising | 63,000 | 74,000 | 56,000 | - |
| Other real estate owned expense/(income), net | -13,000 | 67,000 | 5,000 | - |
| Other | 500,000 | 540,000 | 567,000 | 539,309 |
| Total noninterest expense | 4,409,000 | 4,730,000 | 4,498,000 | 4,071,223 |
| Income before income taxes | 2,168,000 | 1,479,000 | 1,481,000 | 1,464,642 |
| Income taxes | 462,000 | 280,000 | 316,000 | 341,515 |
| Net income | 1,706,000 | 1,199,000 | 1,165,000 | 1,123,127 |
| Earnings per common share - basic (in dollars per share) | 0.53 | 0.38 | 0.37 | 0.36 |
| Earnings per common share - diluted (in dollars per share) | 0.53 | 0.38 | 0.37 | 0.36 |
| Us-gaap_weightedaveragenumberofdilutedsharesoutstanding | 3,195,097 | 3,175,511 | 3,173,365 | 3,145,061 |
| Weighted average shares outstanding (in shares) | 3,195,097 | 3,175,347 | 3,173,222 | 3,145,061 |
Farmers & Merchants Bancshares, Inc. (FMFG)
Farmers & Merchants Bancshares, Inc. (FMFG)