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Farmers and Merchants Bancshares, Inc.: 10-K filed 2020-03-06

What Farmers and Merchants Bancshares, Inc. reported in its annual report filed 2020-03-06 (fiscal FY 2019): 26 published measures, 67 facts as tagged in accession 0001437749-20-004519.

This filing

Form
10-K (annual report)
Filed
2020-03-06
Fiscal period
fiscal FY 2019
Accession
0001437749-20-004519 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Farmers and Merchants Bancshares, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2019-12-31442,215,098USD
At 2018-12-31417,157,877USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2019-12-31392,761,582USD
At 2018-12-31371,763,170USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2019-12-3149,453,516USD
At 2018-12-3145,394,707USD
At 2017-12-3141,798,932USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2019-10-01 to 2019-12-311,060,786USD92
2019-01-01 to 2019-12-314,560,804USD365
2019-07-01 to 2019-09-301,177,910USD92
2019-04-01 to 2019-06-301,225,821USD91
2019-01-01 to 2019-03-311,096,287USD90
2018-10-01 to 2018-12-311,136,805USD92
2018-01-01 to 2018-12-314,712,676USD365
2018-07-01 to 2018-09-301,308,688USD92
2018-04-01 to 2018-06-301,145,065USD91
2018-01-01 to 2018-03-311,122,118USD90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2019-01-01 to 2019-12-315,715,516USD365
2018-01-01 to 2018-12-315,363,783USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2019-01-01 to 2019-12-3117,824,958USD365
2018-01-01 to 2018-12-319,227,719USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-29,037,359USD365
2018-01-01 to 2018-12-31-7,210,650USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2019-12-3121,568,161USD
At 2018-12-3118,621,382USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2019-01-01 to 2019-12-312,952,904shares365
2018-01-01 to 2018-12-312,925,631shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2019-01-01 to 2019-12-311,039,334USD365
2018-01-01 to 2018-12-311,106,209USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2019-12-315,036,851USD
At 2018-12-315,075,310USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2019-10-01 to 2019-12-31977,295USD92
2019-01-01 to 2019-12-313,679,953USD365
2019-07-01 to 2019-09-30956,411USD92
2019-04-01 to 2019-06-30924,864USD91
2019-01-01 to 2019-03-31821,383USD90
2018-10-01 to 2018-12-31726,549USD92
2018-01-01 to 2018-12-312,507,241USD365
2018-07-01 to 2018-09-30664,018USD92
2018-04-01 to 2018-06-30580,913USD91
2018-01-01 to 2018-03-31535,761USD90

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2019-12-312,974,019shares
At 2018-12-311,682,997shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2019-12-3127,812,991USD
At 2018-12-3127,324,794USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2019-12-3142,624USD
At 2018-12-31-568,299USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2019-12-3111,665,708USD
At 2018-12-3111,409,147USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2019-12-316,628,857USD
At 2018-12-316,333,837USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2019-12-311,522,611USD
At 2018-12-311,617,930USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2019-01-01 to 2019-12-315,171,727USD365
2018-01-01 to 2018-12-314,528,128USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2019-01-01 to 2019-12-3149,151USD365
2018-01-01 to 2018-12-3157,756USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2019-01-01 to 2019-12-311,093,175USD365
2018-01-01 to 2018-12-311,217,569USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-53,841USD365
2018-01-01 to 2018-12-31-111,360USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2019-01-01 to 2019-12-313,645,228USD365
2018-01-01 to 2018-12-312,376,372USD365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2019-01-01 to 2019-12-311,055,967USD365
2018-01-01 to 2018-12-311,399,920USD365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2018-01-01 to 2018-12-311,550USD365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2019-01-01 to 2019-12-31154,127USD365

Inspect the source

Entity
Farmers and Merchants Bancshares, Inc. / CIK 0001698022
Captured
2026-09-21T17:24:30.805Z
SEC response SHA-256
3f25a9c0895eae597ba9e1579e217fd11dde11805ea478cae6a5f4b3f59154df

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001698022.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))