Farmers & Merchants Bancshares, Inc. (FMBN) financial statements (2021 and earlier)

Company profile

Business Address 4510 LOWER BECKLEYSVILLE ROAD
HAMPSTEAD, MD 21074
State of Incorp. MD
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments417127
Cash and cash equivalents417127
Short-term investments111 
Total current assets:417127
Noncurrent Assets
Property, plant and equipment8555
Intangible assets, net (including goodwill), including:7  0
Goodwill7   
Intangible assets, net (excluding goodwill)   0
Other undisclosed intangible assets, net (including goodwill)0   
Deferred income tax assets11
Total noncurrent assets:16655
Other undisclosed assets620429400390
TOTAL ASSETS:677442417403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt25111122
Total current liabilities:25111122
Noncurrent Liabilities
Other undisclosed liabilities601382361339
Total liabilities:626393372361
Stockholders' equity
Stockholders' equity attributable to parent52494542
Common stock0000
Additional paid in capital28282727
Accumulated other comprehensive income (loss)10(1)(0)
Retained earnings23221915
Total stockholders' equity:52494542
TOTAL LIABILITIES AND EQUITY:677442417403

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues21181818
Net investment income21181816
Cost of revenue(0)(0)(0)(1)
Cost of goods and services sold   (1)
Policyholder benefits and claims incurred, net(0)(0)(0)
Gross profit:21181817
Operating expenses(5)(2)(2)(5)
Operating income:15161612
Nonoperating income0  0
Losses on sales of other real estate   (0)
Bank owned life insurance income0  0
Interest and debt expense(3)(4)(3)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(9)(7)(7)(5)
Income from continuing operations before income taxes:3666
Income tax expense(0)(1)(1)(2)
Net income available to common stockholders, diluted:3554

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3554
Comprehensive income:3554
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(0)(0)
Comprehensive income, net of tax, attributable to parent:3554

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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