Farmers and Merchants Bancshares, Inc.: 10-Q filed 2024-05-14

Name: Farmers and Merchants Bancshares, Inc.: 10-Q filed 2024-05-14
Creator: Farmers and Merchants Bancshares, Inc.

What Farmers and Merchants Bancshares, Inc. reported in its quarterly report filed 2024-05-14 (fiscal Q1 2024): 24 published measures, 52 facts as tagged in accession 0001437749-24-016592.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-05-14
Fiscal period: fiscal Q1 2024
Accession: 0001437749-24-016592 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 2024-03-31	794,593,240	USD
At 2023-12-31	799,940,826	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-03-31	741,516,438	USD
At 2023-12-31	747,762,535	USD

Stockholders equity

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

Period	Value	Unit
At 2024-03-31	53,076,802	USD
At 2023-12-31	52,178,291	USD
At 2023-03-31	50,757,141	USD
At 2022-12-31	47,774,963	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
2024-01-01 to 2024-03-31	1,219,987	USD	91
2023-01-01 to 2023-03-31	1,900,851	USD	90

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
2024-01-01 to 2024-03-31	484,281	USD	91
2023-01-01 to 2023-03-31	2,150,689	USD	90

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
2024-01-01 to 2024-03-31	-5,615,514	USD	91
2023-01-01 to 2023-03-31	1,150,047	USD	90

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
2024-01-01 to 2024-03-31	-13,925,874	USD	91
2023-01-01 to 2023-03-31	-997,919	USD	90

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 2024-03-31	40,653,172	USD
At 2023-12-31	39,433,185	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
2024-01-01 to 2024-03-31	3,116,966	shares	91
2023-01-01 to 2023-03-31	3,071,214	shares	90

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	3,117,172	shares	91
2023-01-01 to 2023-03-31	3,071,214	shares	90

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
2024-01-01 to 2024-03-31	0.39	USD/shares	91
2023-01-01 to 2023-03-31	0.62	USD/shares	90

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	0.39	USD/shares	91
2023-01-01 to 2023-03-31	0.62	USD/shares	90

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
2024-01-01 to 2024-03-31	346,217	USD	91
2023-01-01 to 2023-03-31	651,196	USD	90

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 2024-03-31	7,282,487	USD
At 2023-12-31	6,583,452	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
2024-01-01 to 2024-03-31	4,538	USD	91
2023-01-01 to 2023-03-31	0	USD	90

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
2024-01-01 to 2024-03-31	3,891,806	USD	91
2023-01-01 to 2023-03-31	1,395,461	USD	90

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
At 2024-03-31	6,978,208	USD
At 2023-12-31	6,978,208	USD
At 2023-03-31	6,978,208	USD
At 2022-12-31	6,978,208	USD

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 2024-03-31	30,402,618	USD
At 2023-12-31	30,398,080	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 2024-03-31	-18,010,158	USD
At 2023-12-31	-17,684,144	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 2024-03-31	12,741,562	USD
At 2023-12-31	13,212,378	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
2024-01-01 to 2024-03-31	1,566,204	USD	91
2023-01-01 to 2023-03-31	2,552,047	USD	90

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
2024-01-01 to 2024-03-31	893,973	USD	91
2023-01-01 to 2023-03-31	3,331,413	USD	90

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
2024-01-01 to 2024-03-31	3,969,006	USD	91
2023-01-01 to 2023-03-31	1,051,398	USD	90

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
2024-01-01 to 2024-03-31	0	USD	91
2023-01-01 to 2023-03-31	0	USD	90

Inspect the source

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

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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"])))