Security
FMFG · Farmers & Merchants Bancshares, Inc.
FMFGOTCCommon stockCurrentCIK 1698022Updated Sep 24, 2026
FMFG price & chart
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OTC:FMFG on TradingView ↗About the company
The Bank is a Maryland commercial bank chartered on October 24, 1919 that is engaged in a general commercial and retail banking business. The Bank’s main office is located in Upperco, Maryland, and it has six additional full service branches located in the Maryland communities of Hampstead, Greenmount, Reisterstown, Owings Mills, Eldersburg, and Westminster. In addition, the Bank has a satellite branch located at the senior living community of Carroll Lutheran Village in Westminster, Maryland and a loan production office in Towson, Maryland. The Bank is an independent community bank providing a wide range of retail and commercial banking services to businesses and individuals in its market areas. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation.
In the news
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Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement · Material Modification to Rights of Security Holders
Items 1.01, 3.03, 9.01
Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
Items 5.05, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 871,958,000Source | 844,643,000Source | 799,940,826Source | 718,210,672Source |
| Property, Plant and Equipment, NetUSD | 7,141,000Source | 7,349,000Source | 6,583,452Source | 6,186,594Source |
| GoodwillUSD | 6,978,000Source | 6,978,000Source | 6,978,208Source | 6,978,208Source |
| Operating Lease, Right-of-Use AssetUSD | 1,065,000Source | 1,285,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 807,298,000Source | 788,371,000Source | 747,762,535Source | 670,435,709Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 32,000Source | 32,000Source | 31,170Source | 30,712Source |
| Additional Paid in CapitalUSD | 32,148,000Source | 31,136,000Source | 30,398,080Source | 29,549,914Source |
| Retained Earnings (Accumulated Deficit)USD | 45,210,000Source | 41,613,000Source | 39,433,185Source | 35,300,166Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -12,730,000Source | -16,509,000Source | -17,684,144Source | -17,105,829Source |
| Stockholders' Equity Attributable to ParentUSD | 64,660,000Source | 56,272,000Source | 52,178,291Source | 47,774,963Source |
| Liabilities and EquityUSD | 871,958,000Source | 844,643,000Source | 799,940,826Source | 718,210,672Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 1,115,000Source | 873,000Source | 557,235Source | 564,909Source |
| Long-term DebtUSD | 12,036,000Source | 11,329,000Source | 13,212,378Source | 15,095,642Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 172,000Source | 18,000Source | 42,788Source | — |
| Deferred Income Tax Expense (Benefit)USD | -89,000Source | 257,000Source | 392,170Source | -250,672Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 6,050,000Source | 2,292,000Source | 5,904,410Source | 7,155,962Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -41,499,000Source | -22,709,000Source | -42,359,493Source | -35,358,568Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 17,469,000Source | 40,386,000Source | 73,881,883Source | 9,004,037Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | — | 1,889,000Source | 1,888,889Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -17,980,000Source | 19,969,000Source | 37,426,800Source | -19,198,569Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 17,667,000Source | 17,998,000Source | 8,830,152Source | 2,239,129Source |
| Income Taxes Paid, NetUSD | 888,000Source | 724,000Source | 2,390,848Source | 3,365,318Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | 6,000Source | 5,625Source | 5,625Source |
| Amortization of Intangible AssetsUSD | 172,100Source | 77,400Source | 43,528Source | 36,550Source |
| Bank Owned Life Insurance IncomeUSD | 424,000Source | 394,000Source | 345,412Source | 229,179Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 0Source | -13,000Source | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | 18,000Source | — | 0Source |
| Depreciation, Amortization and Accretion, NetUSD | 750,000Source | 636,000Source | 510,087Source | 482,489Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 0Source | 260,000Source | 45,721Source | — |
| Equipment ExpenseUSD | 1,611,000Source | 1,293,000Source | 983,126Source | 891,250Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 16,000Source | -4,000Source | 5,445Source | -62,094Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 725,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 0Source | -5,000Source | 9,000Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | -5,000Source | — | — |
| Gain (Loss) on Sales of Loans, NetUSD | 89,000Source | 0Source | 19,392Source | 158,123Source |
| GoodwillUSD | 6,978,000Source | 6,978,000Source | 6,978,208Source | 6,978,208Source |
| Income Tax Expense (Benefit)USD | 1,607,000Source | 1,231,000Source | 2,017,250Source | 2,485,026Source |
| Net Income (Loss) Attributable to ParentUSD | 5,766,000Source | 4,278,000Source | 6,418,337Source | 8,090,127Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 13,259,000Source | 18,071,000Source | 12,910,294Source | 19,994,811Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | -699,557Source | 475,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 698,000Source | 150,000Source | -570,000Source | — |
| Unrealized Gain (Loss) on DerivativesUSD | -790,000Source | 2,162,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 7,373,000Source | 5,509,000Source | 8,435,587Source | 10,575,153Source |
| Income Tax Expense (Benefit)USD | 1,607,000Source | 1,231,000Source | 2,017,250Source | 2,485,026Source |
| Net Income (Loss) Attributable to ParentUSD | 5,766,000Source | 4,278,000Source | 6,418,337Source | 8,090,127Source |
| Earnings Per Share, BasicUSD per share | 1.81Source | 1.37Source | 2.08Source | 2.66Source |
| Earnings Per Share, DilutedUSD per share | 1.81Source | 1.37Source | 2.08Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,188,030Source | 3,132,876Source | 3,083,021Source | 3,046,377Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,188,107Source | 3,133,001Source | 3,086,021Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 172,100Source | 77,400Source | 43,528Source | 36,550Source |
| Bank Owned Life Insurance IncomeUSD | 424,000Source | 394,000Source | 345,412Source | 229,179Source |
| Current Income Tax Expense (Benefit)USD | 1,696,000Source | 974,000Source | 1,625,080Source | 2,735,698Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | 0Source | -13,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 578,000Source | 559,000Source | 466,559Source | 445,939Source |
| Equipment ExpenseUSD | 1,611,000Source | 1,293,000Source | 983,126Source | 891,250Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 725,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 7,373,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 9,907,125Source | 2,146,158Source |
| InterestExpenseOperatingUSD | 17,965,000Source | 17,527,000Source | — | — |
| Interest Expense, Securities Sold under Agreements to RepurchaseUSD | 59,000Source | 65,000Source | 41,873Source | 12,768Source |
| Interest Income (Expense), NetUSD | 24,390,000Source | 20,836,000Source | 21,416,013Source | 24,123,495Source |
| Labor and Related ExpenseUSD | 8,718,000Source | 7,854,000Source | 7,544,773Source | 7,865,194Source |