Farmers and Merchants Bancshares, Inc.: 10-Q filed 2023-11-14
What Farmers and Merchants Bancshares, Inc. reported in its quarterly report filed 2023-11-14 (fiscal Q3 2023): 24 published measures, 67 facts as tagged in accession 0001437749-23-031906.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2023-11-14
- Fiscal period
- fiscal Q3 2023
- Accession
- 0001437749-23-031906 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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 756,637,767 | USD | |
| At 2022-12-31 | 718,210,672 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 708,375,831 | USD | |
| At 2022-12-31 | 670,435,709 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 48,261,936 | USD | |
| At 2023-06-30 | 49,834,244 | USD | |
| At 2023-01-01 | 49,492,852 | USD | |
| At 2022-12-31 | 47,774,963 | USD | |
| At 2022-09-30 | 45,842,908 | USD | |
| At 2022-06-30 | 48,188,980 | USD | |
| At 2021-12-31 | 56,621,458 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 1,432,139 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 5,003,107 | USD | 273 |
| 2022-07-01 to 2022-09-30 | 1,974,310 | USD | 92 |
| 2022-01-01 to 2022-09-30 | 6,075,845 | USD | 273 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-09-30 | 5,083,631 | USD | 273 |
| 2022-01-01 to 2022-09-30 | 5,403,561 | USD | 273 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-09-30 | 36,852,575 | USD | 273 |
| 2022-01-01 to 2022-09-30 | 10,673,096 | USD | 273 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-09-30 | -24,188,065 | USD | 273 |
| 2022-01-01 to 2022-09-30 | -26,507,019 | USD | 273 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 38,940,539 | USD | |
| At 2022-12-31 | 35,300,166 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 3,090,542 | shares | 92 |
| 2023-01-01 to 2023-09-30 | 3,078,429 | shares | 273 |
| 2022-07-01 to 2022-09-30 | 3,053,487 | shares | 92 |
| 2022-01-01 to 2022-09-30 | 3,043,006 | shares | 273 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 0.46 | USD/shares | 92 |
| 2023-01-01 to 2023-09-30 | 1.63 | USD/shares | 273 |
| 2022-07-01 to 2022-09-30 | 0.65 | USD/shares | 92 |
| 2022-01-01 to 2022-09-30 | 2 | USD/shares | 273 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 467,128 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 1,661,640 | USD | 273 |
| 2022-07-01 to 2022-09-30 | 575,236 | USD | 92 |
| 2022-01-01 to 2022-09-30 | 1,779,239 | USD | 273 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 6,093,372 | USD | |
| At 2022-12-31 | 6,186,594 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 38,250 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 38,250 | USD | 273 |
| 2022-01-01 to 2022-09-30 | 0 | USD | 273 |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 2,814,708 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 6,323,561 | USD | 273 |
| 2022-07-01 to 2022-09-30 | 494,313 | USD | 92 |
| 2022-01-01 to 2022-09-30 | 1,522,911 | USD | 273 |
Goodwill carrying amount
Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 6,978,208 | USD | |
| At 2022-12-31 | 6,978,208 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 3,090,368 | shares | |
| At 2022-12-31 | 3,071,214 | shares |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 29,979,718 | USD | |
| At 2022-12-31 | 29,549,914 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | -20,689,245 | USD | |
| At 2022-12-31 | -17,105,829 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-09-30 | 13,683,195 | USD | |
| At 2022-12-31 | 15,095,642 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-01-01 | 129,607 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | 1,899,267 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 6,664,747 | USD | 273 |
| 2022-07-01 to 2022-09-30 | 2,549,546 | USD | 92 |
| 2022-01-01 to 2022-09-30 | 7,855,084 | USD | 273 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-07-01 to 2023-09-30 | -1,610,558 | USD | 92 |
| 2023-01-01 to 2023-09-30 | 1,419,691 | USD | 273 |
| 2022-07-01 to 2022-09-30 | -2,346,073 | USD | 92 |
| 2022-01-01 to 2022-09-30 | -10,177,187 | USD | 273 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-09-30 | 5,236,743 | USD | 273 |
| 2022-01-01 to 2022-09-30 | 1,675,435 | USD | 273 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-09-30 | 1,850,848 | USD | 273 |
| 2022-01-01 to 2022-09-30 | 2,531,122 | USD | 273 |
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
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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"])))