MyFinsight

HomeAboutContact
Curious boy with magnifying glass
A worm made of letters APL
A worm made of letters BOA

MyFinsight

Making company financials insightful for everyone

Quick Links

  • About
  • Contact

Follow Us

  • X.com
  • Thread
  • Instagram

© 2024 MyFinsight. All rights reserved.

Income Statement
Farmers & Merchants Bancshares, Inc. (FMFG)
source: myfinsight.com
DownloadDownload image
Federal funds sold andother interest...$171,000 (-19.36%↓ Y/Y)Loans, including fees$8,899,000 (22.95%↑ Y/Y)Investment securities -taxable$1,070,000 (-32.80%↓ Y/Y)Investment securities - taxexempt$153,000 (11.20%↑ Y/Y)Total interest income$10,293,000 (12.13%↑ Y/Y)Net interest income$5,991,000 (16.71%↑ Y/Y)Bank owned lifeinsurance income$106,000 (12.21%↑ Y/Y)Fair valueadjustment of equity...$1,000 (141.15%↑ Y/Y)Mortgage banking income$47,000 (155.77%↑ Y/Y)Other fees andcommissions-Financial Service Other$124,000 Other fees andcommissions-Deposit Account$178,000 Total interestexpense$4,302,000 (6.32%↑ Y/Y)Net interest incomeafter provision for...$5,753,000 (12.07%↑ Y/Y)Total noninterestincome$456,000 (21.94%↑ Y/Y)Provision for (recoveryof) credit losses$238,000 Deposits$4,071,000 (25.96%↑ Y/Y)Federal home loan bankadvances$110,000 (244.51%↑ Y/Y)Long-term debt$109,000 (-15.31%↓ Y/Y)Securities sold underrepurchase agreements$12,000 (-7.94%↓ Y/Y)Income before incometaxes$1,479,000 (6.86%↑ Y/Y)Total noninterestexpense$4,730,000 (14.72%↑ Y/Y)Net income$1,199,000 (11.17%↑ Y/Y)Income taxes$280,000 (-8.36%↓ Y/Y)Automated teller machineand debit card...$168,000 Other real estateowned...$67,000 Postage, delivery, andarmored carrier$64,000 Advertising$74,000 Employee benefits$531,000 (20.26%↑ Y/Y)Furniture and equipment$480,000 (46.39%↑ Y/Y)Federal depositinsurance corporation...$117,000 Salaries$2,191,000 (9.90%↑ Y/Y)Occupancy$280,000 (0.83%↑ Y/Y)Other$540,000 (-50.12%↓ Y/Y)Professional services$218,000