As of Jun 30, 2026, Farmers and Merchants Bancshares, Inc. had total assets of $874.2 million and total liabilities of $806.6 million. Total assets were up 3.8% from a year earlier. Stockholders' equity was $67.6 million. It held $54.3 million in cash and investments against $12.1 million of total debt, net cash of $42.3 million.
USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash |
54
+79.4%
|
46
-27.9%
|
64
+44.0%
|
44
+592.2%
|
6
-74.6%
|
25
-36.7%
|
40
+498.7%
|
7
-42.0%
|
11
+84.1%
|
6
|
| Cash and investments |
54
+79.4%
|
46
-75.7%
|
190
-9.0%
|
208
+57.1%
|
133
-23.9%
|
174
+84.9%
|
94
+118.5%
|
43
+13.5%
|
38
+11.4%
|
34
|
| Property and equipment, net |
7
-3.9%
|
7
-2.8%
|
7
+11.6%
|
7
+6.4%
|
6
-1.2%
|
6
-19.1%
|
8
+53.6%
|
5
-0.8%
|
5
-2.5%
|
5
|
| Goodwill |
7
+0.0%
|
7
+0.0%
|
7
+0.0%
|
7
+0.0%
|
7
-0.0%
|
7
+0.0%
|
7
|
—
|
—
|
—
|
| Total assets |
874
+3.8%
|
872
+3.2%
|
845
+5.6%
|
800
+11.4%
|
718
+0.2%
|
717
+5.8%
|
677
+53.2%
|
442
+6.0%
|
417
+3.5%
|
403
|
| Liabilities and equity | ||||||||||
| Total liabilities |
807
+3.2%
|
807
+2.4%
|
788
+5.4%
|
748
+11.5%
|
670
+1.6%
|
660
+5.5%
|
626
+59.3%
|
393
+5.6%
|
372
+3.0%
|
361
|
| Stockholders' equity |
68
+12.2%
|
65
+14.9%
|
56
+7.8%
|
52
+9.2%
|
48
-15.6%
|
57
+9.5%
|
52
+4.6%
|
49
+8.9%
|
45
+8.6%
|
42
|
| Debt | ||||||||||
| Long-term debt |
12
+16.1%
|
12
+6.2%
|
11
-14.3%
|
13
-12.5%
|
15
-11.1%
|
17
+0.0%
|
17
|
—
|
—
|
—
|
| Lease liabilities |
—
|
1
-15.2%
|
2
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Total debt |
12
+16.1%
|
13
+3.7%
|
13
-2.9%
|
13
-12.5%
|
15
-11.1%
|
17
+0.0%
|
17
|
—
|
—
|
—
|
| Net cash |
42
+112.4%
|
33
-81.5%
|
177
-9.4%
|
195
+66.0%
|
118
-25.3%
|
158
+103.5%
|
77
|
—
|
—
|
—
|
| Ratios | ||||||||||
| Debt to equity |
0.18x
|
0.21x
|
0.23x
|
0.25x
|
0.32x
|
0.30x
|
0.33x
|
—
|
—
|
—
|
| Return on equity |
10.54%
|
8.92%
|
7.60%
|
12.30%
|
16.93%
|
14.39%
|
5.18%
|
9.22%
|
10.38%
|
9.07%
|
| Return on assets |
0.81%
|
0.66%
|
0.51%
|
0.80%
|
1.13%
|
1.14%
|
0.40%
|
1.03%
|
1.13%
|
0.94%
|
| Book value per share |
20.72
|
20.02
|
—
|
16.74
|
15.56
|
18.64
|
17.18
|
16.63
|
26.97
|
25.06
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.
Company profile
- Industry
- Savings Institutions, Not Federally Chartered (SIC 6036)
- Listed as
- FMFG (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- Hampstead, MD
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1698022
Other Savings Institutions, Not Federally Chartered companies
- Flagstar Bank, National Association FLG
- Beacon Financial Corp BBT
- Heritage Financial Corp /WA/ HFWA
- NB Bancorp, Inc. NBBK
- Southern Missouri Bancorp, Inc. SMBC
- Third Coast Bancshares, Inc. TCBX
- Greene County Bancorp Inc GCBC
- Home Bancorp, Inc. HBCP
All 40 Savings Institutions, Not Federally Chartered companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.