For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Other fees and commissions-Deposit Account | - | - | - | 178 |
| Loss on sale of premises and equipment | - | 0* | 0 | - |
| Other fees and commissions-Financial Service Other | - | - | - | 124 |
| Gain on sale of sba loans | - | 22* | - | - |
| Loss on insurance proceeds, net | - | -56* | 73 | 0 |
| Other fees and commissions-Deposit Account | 157 | 244* | 185 | - |
| Other fees and commissions-Financial Service Other | 119 | 132* | 106 | - |
| Loss on sale of debt securities | - | - | - | 0 |
| Mortgage banking income | 58 | 6 | 75 | 47 |
| Bank owned life insurance income | 100 | 108 | 105 | 106 |
| Fair value adjustment of equity security | -3 | -1 | 7 | 1 |
| Loss on sale of debt securities | - | 0* | 0 | - |
| Gain on settlement of fair value hedge | 0 | 0 | 0 | 0 |
| Total noninterest income | 431 | 455 | 551 | 456 |
| Interest income | 9,762 | 9,490 | 9,307 | 8,899 |
| Investment securities - taxable | 845 | 977 | 1,071 | 1,070 |
| Investment securities - tax exempt | 141 | 157 | 157 | 153 |
| Federal funds sold and other interest earning assets | 402 | 592 | 424 | 171 |
| Federal reserve bank advances | - | 0 | 0 | 0 |
| Total interest income | 11,150 | 11,217 | 10,959 | 10,293 |
| Deposits | 3,505 | 3,796 | 4,344 | 4,071 |
| Securities sold under repurchase agreements | 16 | 17 | 13 | 12 |
| Federal home loan bank advances | 599 | 596 | 129 | 110 |
| Long-term debt | 258 | 257 | 120 | 109 |
| Total interest expense | 4,378 | 4,666 | 4,606 | 4,302 |
| Net interest income | 6,772 | 6,551 | 6,353 | 5,991 |
| Provision for credit losses | 0 | 103 | 327 | 238 |
| Net interest income after provision for credit losses | 6,772 | 6,448 | 6,026 | 5,753 |
| Salaries | 2,077 | 2,142 | 2,178 | 2,191 |
| Employee benefits | 694 | 514 | 573 | 531 |
| Occupancy | 345 | 280 | 281 | 280 |
| Furniture and equipment | 465 | 426 | 370 | 480 |
| Professional services | 143 | 173 | 174 | 218 |
| Automated teller machine and debit card expenses | 169 | 253 | 71 | 168 |
| Federal deposit insurance corporation premiums | 101 | 112 | 150 | 117 |
| Postage, delivery, and armored carrier | 66 | 66 | 62 | 64 |
| Advertising | 57 | 56 | 63 | 74 |
| Other real estate owned expense, net | 44 | 118 | -13 | 67 |
| Other | 581 | 518 | 500 | 540 |
| Total noninterest expense | 4,742 | 4,658 | 4,409 | 4,730 |
| Income before income taxes | 2,461 | 2,245 | 2,168 | 1,479 |
| Income taxes | 636 | 549 | 462 | 280 |
| Net income | 1,825 | 1,696 | 1,706 | 1,199 |
| Basic EPS | 0.56 | 0.529 | 0.53 | 0.38 |
| Diluted EPS | 0.56 | 0.529 | 0.53 | 0.38 |
| Basic Average Shares | 3,235,247 | 3,208,454 | 3,195,097 | 3,175,347 |
| Diluted Average Shares | 3,235,247 | 3,208,455 | 3,195,097 | 3,175,511 |
Farmers & Merchants Bancshares, Inc. (FMFG)
Farmers & Merchants Bancshares, Inc. (FMFG)