$FMFG
Farmers & Merchants Bancshares, Inc.

2023 Q3 Form 10-Q Financial Statement

#000143774923023647 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $8.002M $7.384M
YoY Change 21.49% 17.67%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.815M $2.113M
YoY Change 469.42% 320.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.899M $2.213M
YoY Change -25.51% -16.32%
Income Tax $467.1K $543.3K
% Of Pretax Income 24.6% 24.55%
Net Earnings $1.432M $1.670M
YoY Change -27.46% -18.56%
Net Earnings / Revenue 17.9% 22.62%
Basic Earnings Per Share $0.46 $0.54
Diluted Earnings Per Share $0.46 $0.54
COMMON SHARES
Basic Shares Outstanding 3.090M 3.071M
Diluted Shares Outstanding 3.091M 3.073M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $25.01M $12.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $6.093M $6.054M
YoY Change -3.53% -2.73%
Goodwill $6.978M $6.978M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $756.6M $730.3M
YoY Change 5.51% 2.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $708.4M $680.4M
YoY Change 5.52% 2.85%
SHAREHOLDERS EQUITY
Retained Earnings $38.94M $37.51M
YoY Change 13.65% 16.17%
Common Stock $30.92K $30.90K
YoY Change 1.27% 1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.26M $49.83M
YoY Change
Total Liabilities & Shareholders Equity $756.6M $730.3M
YoY Change 5.51% 2.89%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.432M $1.670M
YoY Change -27.46% -18.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
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CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2023Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4614047 usd
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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NotesReceivableGross
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FinancingReceivableDeferredIncome
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FinancingReceivableDeferredIncome
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CY2023Q2 us-gaap Notes Receivable Net
NotesReceivableNet
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NotesReceivableNet
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CY2023Q2 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
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CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
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0 usd
CY2023Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
655410 usd
CY2023Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
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FinancingReceivableNonaccrualNoAllowance
0 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
655410 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 usd
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
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CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
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CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
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CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
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ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
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ImpairedFinancingReceivableRecordedInvestment
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CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
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CY2022 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
234070 usd
fmfg Financing Receivable Modifications Number Of Contracts
FinancingReceivableModificationsNumberOfContracts
0 pure
CY2023Q2 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
34337978 usd
CY2023Q2 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
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CY2023Q2 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
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CY2023Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
35010000 usd
CY2023Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
46335568 usd
CY2023Q2 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
216199865 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
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FinancingReceivableAllowanceForCreditLosses
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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FinancingReceivableAllowanceForCreditLossesRecovery
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CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2023Q2 fmfg Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
476657 usd
CY2023Q2 fmfg Financing Receivables Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivablesAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
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CY2023Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3650268 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
10240 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
8100 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q2 fmfg Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
281910 usd
CY2022Q2 fmfg Financing Receivables Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivablesAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3366218 usd
CY2022Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
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CY2022Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
475000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
10240 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
35170 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4150198 usd
CY2022Q4 fmfg Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment
281910 usd
CY2022Q4 fmfg Financing Receivables Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivablesAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3868288 usd
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
7428214 usd
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
513671724 usd
CY2022Q4 fmfg Purchased Loans Accretable Yield
PurchasedLoansAccretableYield
930973 usd
fmfg Purchased Loans Accretable Yield Accretion
PurchasedLoansAccretableYieldAccretion
-214635 usd
CY2023Q2 fmfg Purchased Loans Accretable Yield
PurchasedLoansAccretableYield
716338 usd
CY2023Q2 fmfg Loans Acquired Accretable Yield
LoansAcquiredAccretableYield
676160 usd
CY2023Q2 fmfg Loans Acquired Outstanding Balance
LoansAcquiredOutstandingBalance
81459568 usd
CY2023Q2 fmfg Loans Acquired Carrying Amount Net
LoansAcquiredCarryingAmountNet
81419390 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 usd
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-35773 usd
CY2023Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
49300 usd
CY2023Q2 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000 pure
CY2023Q2 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
73482000 usd
CY2023Q2 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1222 pure
CY2023Q2 fmfg Banking Regulation Tier One Riskbased Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneRiskbasedCapitalCapitalAdequacyMinimumIncludingConversionBuffer
51111000 usd
CY2023Q2 fmfg Banking Regulation Tier One Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0850 pure
CY2023Q2 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
48105000 usd
CY2023Q2 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800 pure
CY2023Q2 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
73482000 usd
CY2023Q2 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1222 pure
CY2023Q1 fmfg Financing Receivable Allowance For Credit Loss Including Unfunded Commitments
FinancingReceivableAllowanceForCreditLossIncludingUnfundedCommitments
4959706 usd
CY2022Q4 fmfg Financing Receivable Allowance For Credit Loss Including Unfunded Commitments
FinancingReceivableAllowanceForCreditLossIncludingUnfundedCommitments
4150198 usd
CY2023Q2 fmfg Provision For Loan Lease And Other Losses Including Unfunded Commitments
ProvisionForLoanLeaseAndOtherLossesIncludingUnfundedCommitments
-225000 usd
fmfg Provision For Loan Lease And Other Losses Including Unfunded Commitments
ProvisionForLoanLeaseAndOtherLossesIncludingUnfundedCommitments
-495000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
-0 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
-0 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
11875 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
386973 usd
CY2023Q2 fmfg Financing Receivable Allowance For Credit Loss Including Unfunded Commitments
FinancingReceivableAllowanceForCreditLossIncludingUnfundedCommitments
4746581 usd
CY2023Q2 fmfg Financing Receivable Allowance For Credit Loss Including Unfunded Commitments
FinancingReceivableAllowanceForCreditLossIncludingUnfundedCommitments
4746581 usd
CY2022Q4 us-gaap Goodwill
Goodwill
6978208 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
7042752 usd
fmfg Intangible Assets Net Including Goodwill Amortization And Impairment
IntangibleAssetsNetIncludingGoodwillAmortizationAndImpairment
4164 usd
CY2023Q2 us-gaap Goodwill
Goodwill
6978208 usd
CY2023Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
7038588 usd
CY2023Q2 us-gaap Capital
Capital
78179000 usd
CY2023Q2 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1300 pure
CY2023Q2 fmfg Banking Regulation Total Riskbased Capital Capital Adequacy Minimum Including Capital Conservation Buffer
BankingRegulationTotalRiskbasedCapitalCapitalAdequacyMinimumIncludingCapitalConservationBuffer
63137000 usd
CY2023Q2 fmfg Banking Regulation Total Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTotalRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.1050 pure
CY2023Q2 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
60131000 usd
CY2023Q2 fmfg Banking Regulation Common Equity Tier One Riskbased Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationCommonEquityTierOneRiskbasedCapitalCapitalAdequacyMinimumIncludingConversionBuffer
42091000 usd
CY2023Q2 fmfg Banking Regulation Common Equity Tier One Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationCommonEquityTierOneRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0700 pure
CY2023Q2 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
39085000 usd
CY2023Q2 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.0650 pure
CY2023Q2 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
73482000 usd
CY2023Q2 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0999 pure
CY2023Q2 fmfg Banking Regulation Tier One Leverage Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneLeverageCapitalCapitalAdequacyMinimumIncludingConversionBuffer
29436000 usd
CY2023Q2 fmfg Banking Regulation Tier One Leverage Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneLeverageCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0400 pure
CY2023Q2 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
36796000 usd
CY2023Q2 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500 pure
CY2022Q4 us-gaap Capital
Capital
75826000 usd
CY2022Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1296 pure
CY2022Q4 fmfg Banking Regulation Total Riskbased Capital Capital Adequacy Minimum Including Capital Conservation Buffer
BankingRegulationTotalRiskbasedCapitalCapitalAdequacyMinimumIncludingCapitalConservationBuffer
61410000 usd
CY2022Q4 fmfg Banking Regulation Total Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTotalRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.1050 pure
CY2022Q4 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
58486000 usd
CY2022Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000 pure
CY2022Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
71676000 usd
CY2022Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1226 pure
CY2022Q4 fmfg Banking Regulation Tier One Riskbased Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneRiskbasedCapitalCapitalAdequacyMinimumIncludingConversionBuffer
49713000 usd
CY2022Q4 fmfg Banking Regulation Tier One Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0850 pure
CY2022Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
46789000 usd
CY2022Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800 pure
CY2022Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
71676000 usd
CY2022Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1226 pure
CY2022Q4 fmfg Banking Regulation Common Equity Tier One Riskbased Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationCommonEquityTierOneRiskbasedCapitalCapitalAdequacyMinimumIncludingConversionBuffer
40940000 usd
CY2022Q4 fmfg Banking Regulation Common Equity Tier One Riskbased Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationCommonEquityTierOneRiskbasedCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0700 pure
CY2022Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
38016000 usd
CY2022Q4 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.0650 pure
CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
71676000 usd
CY2022Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0983 pure
CY2022Q4 fmfg Banking Regulation Tier One Leverage Capital Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneLeverageCapitalCapitalAdequacyMinimumIncludingConversionBuffer
29167000 usd
CY2022Q4 fmfg Banking Regulation Tier One Leverage Capital Ratio Capital Adequacy Minimum Including Conversion Buffer
BankingRegulationTierOneLeverageCapitalRatioCapitalAdequacyMinimumIncludingConversionBuffer
0.0400 pure
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
36459000 usd
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500 pure
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1670117 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
2050733 usd
us-gaap Net Income Loss
NetIncomeLoss
3570968 usd
us-gaap Net Income Loss
NetIncomeLoss
4101535 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3073319
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3038215
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3072272
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3037679
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
65775 usd
CY2022Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
59426 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
143450 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
139166 usd
CY2023Q2 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
1834 usd
CY2022Q2 us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
1702 usd
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
3668 usd
us-gaap Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
3405 usd

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