Farmers and Merchants Bancshares, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $46.1M | $64.0M | $44.4M | $6.4M | $25.3M | $39.9M | $6.7M | $11.5M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $7.1M | $7.3M | $6.6M | $6.2M | $6.3M | $7.7M | $5.0M | $5.1M |
| Goodwill | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $0 | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $872.0M | $844.6M | $799.9M | $718.2M | $716.7M | $677.3M | $442.2M | $417.2M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $12.0M | $11.3M | $13.2M | $15.1M | $17.0M | $17.0M | — | — |
| Total Liabilities | $807.3M | $788.4M | $747.8M | $670.4M | $660.1M | $625.6M | $392.8M | $371.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $45.2M | $41.6M | $39.4M | $35.3M | $29.1M | $22.7M | $21.6M | $18.6M |
| Total Stockholders' Equity | $64.7M | $56.3M | $52.2M | $47.8M | $56.6M | $51.7M | $49.5M | $45.4M |