Farmers & Merchants Bancshares, Inc. (FMBN) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17127
Cash and cash equivalents16127
Short-term investments11 
Total current assets:17127
Noncurrent Assets
Property, plant and equipment555
Intangible assets, net (including goodwill)  0
Intangible assets, net (excluding goodwill)  0
Deferred income tax assets1
Total noncurrent assets:655
Other undisclosed assets412400390
TOTAL ASSETS:435417403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt81122
Total current liabilities:81122
Noncurrent Liabilities
Other undisclosed liabilities378361339
Total liabilities:386372361
Stockholders' equity
Stockholders' equity attributable to parent494542
Common stock000
Additional paid in capital282727
Accumulated other comprehensive income (loss)0(1)(0)
Retained earnings211915
Total stockholders' equity:494542
TOTAL LIABILITIES AND EQUITY:435417403

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues181818
Net investment income181816
Cost of revenue(0)(0)(1)
Cost of goods and services sold  (1)
Provision for loan, lease, and other losses(0) 
Policyholder benefits and claims incurred, net (0)
Gross profit:181817
Operating expenses(1)(2)(5)
Other undisclosed operating loss(2)  
Operating income:161612
Nonoperating income  0
Losses on sales of other real estate  (0)
Bank owned life insurance income  0
Interest and debt expense(3)(3)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(7)(5)
Income from continuing operations before income taxes:666
Income tax expense(1)(1)(2)
Net income available to common stockholders, diluted:554

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
Net income:554
Comprehensive income:554
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(0)(0)
Comprehensive income, net of tax, attributable to parent:654

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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