Farmers and Merchants Bancshares, Inc.

FMFG

FMFGFarmers and Merchants Bancshares, Inc. US flag

Other OTC

17.50

USD

+0.07

- -

56.62MMarket Cap

Income Statement (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	6	6	7	8	8	25	26	22	22	26
+ Sales & Services Revenue	6	6	7	8	8	25	26	22	22	26
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	-1	-2	-2	-2	-3	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	2	2	2	3	3	10	11	10	11	12
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-2	-2	-2	-3	-3	-10	-11	-10	-11	-12
Operating Income (Loss)	1	2	2	2	3	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	-11	-11	-8	-6	-7
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	-11	-11	-8	-6	-7
Pretax Income	1	2	2	2	3	11	11	8	6	7
- Income Tax Expense (Benefit)	- -	1	- -	1	1	2	2	2	1	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	1	2	2	8	8	6	4	6
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	1	1	2	2	8	8	6	4	6
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	1	1	2	2	8	8	6	4	6
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	1	2	2	8	8	6	4	6
EBIT	1	2	2	2	3	- -	- -	- -	- -	- -
EBITDA	2	3	2	2	3	- -	- -	1	1	1
EBITDA Margin (%)	29.73	43.16	35.47	32.16	34.42	1.98	1.88	2.24	2.92	2.88
EBITA	1	2	2	2	3	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	22.57	30.56	25.86	32.16	34.42	- -	- -	- -	- -	- -
Profit Margin (%)	15.5	21.39	18.29	21.68	22.85	33.01	31.18	28.53	19.49	22.43
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.05	0.06	0.13	- -	- -	0.38	0.4	0.4	0.44	0.42
Depreciation Expense	- -	1	1	- -	- -	- -	- -	1	1	1
Basic Weighted Avg Shares	2	3	3	3	3	3	3	3	3	3
Basic EPS, GAAP	0.37	0.51	0.47	0.64	0.75	2.7	2.66	2.08	1.37	1.81
Basic EPS from Cont Ops	0.37	0.51	0.47	0.64	0.75	2.7	2.66	2.08	1.37	1.81
Diluted Weighted Avg Shares	2	3	3	3	3	3	3	3	3	3
Diluted EPS, GAAP	0.37	0.51	0.47	0.64	0.75	2.7	2.66	2.08	1.37	1.81
Diluted EPS from Cont Ops	0.37	0.51	0.47	0.64	0.75	2.7	2.66	2.08	1.37	1.81

Balance Sheet (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	6	6	6	7	8	175	133	201	184	158
+ Cash & Cash Equivalents	6	6	6	7	8	26	7	45	64	46
+ ST Investments	- -	- -	- -	- -	- -	149	126	156	120	112
+ Accounts & Notes Receiv	1	1	1	1	1	2	2	2	2	3
+ Accounts Receivable, Net	1	1	1	1	1	2	2	2	2	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-7	-7	-6	-7	-9	-176	-135	-203	-186	-161
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	6	6	7	7	7
+ Property, Plant & Equip	- -	- -	- -	- -	- -	14	14	15	16	16
- Accumulated Depreciation	- -	- -	- -	- -	- -	7	8	8	9	9
+ LT Investments & Receivables	35	35	26	27	25	172	147	185	147	140
+ LT Investments	35	35	26	27	25	172	147	185	147	140
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-35	-35	-26	-27	-25	-178	-153	-191	-154	-147
+ Total Intangible Assets	- -	- -	- -	- -	- -	7	7	7	7	7
+ Goodwill	- -	- -	- -	- -	- -	7	7	7	7	7
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-35	-35	-26	-27	-25	-185	-161	-198	-161	-154
Total Assets	134	146	152	159	160	717	718	800	845	872
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	1	1	1
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	2	- -	- -	- -	- -	22	35	18	16	75
+ LT Borrowings	2	- -	- -	- -	- -	22	35	18	16	75
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-2	- -	- -	- -	- -	-22	-35	-18	-16	-75
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-2	- -	- -	- -	- -	-22	-35	-18	-16	-75
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	120	130	136	142	141	660	670	748	788	807
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	12	12	14	14	15	29	30	30	31	32
+ Common Stock	6	6	7	7	7	- -	- -	- -	- -	- -
+ Additional Paid in Capital	6	6	7	7	7	29	30	30	31	32
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	2	3	2	3	4	29	35	39	42	45
+ Other Equity	- -	- -	- -	- -	- -	-1	-17	-18	-17	-13
Equity Before Minority Interest	14	15	16	17	19	57	48	52	56	65
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	14	15	16	17	19	57	48	52	56	65
Total Liabilities & Equity	134	146	152	159	160	717	718	800	845	872
Shares Outstanding	2	3	3	3	3	3	3	3	3	3
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-4	-6	-6	-7	-8	-4	29	-26	-48	29
Net Debt to Equity	-28.15	-39.05	-34.75	-37.99	-42.43	-6.41	59.82	-50.39	-84.83	44.11
Tangible Common Equity Ratio	10.67	10.54	10.58	10.82	11.73	6.99	5.73	5.69	5.88	6.66
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1	1	1	- -	- -	8	8	6	4	6
+ Depreciation & Amortization	- -	1	1	- -	- -	- -	- -	1	1	1
+ Non-Cash Items	1	- -	- -	- -	- -	- -	-1	-1	-1	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	- -	- -	- -	- -	- -	-1	-2	-2	- -
+ Chg in Non-Cash Work Cap	- -	- -	- -	- -	- -	3	- -	- -	-1	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	3	- -	-1	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2	2	2	- -	- -	12	7	6	2	6
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-8	-1	8	- -	- -	-96	2	-36	38	13
+ Dec in LT Investment	19	18	10	- -	- -	34	22	13	42	14
+ Inc in LT Investment	-26	-19	-2	- -	- -	-131	-20	-50	-4	-1
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-4	-11	-21	- -	- -	36	-37	-5	-60	-54
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-12	-12	-13	- -	- -	-59	-35	-42	-23	-41
+ Dividends Paid	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1
+ Net Cash From Debt	-2	-2	- -	- -	- -	- -	13	16	-35	58
+ Cash From Debt	- -	- -	- -	- -	- -	- -	15	33	- -	70
+ Repayments of Debt	-2	-2	- -	- -	- -	- -	-2	-17	-35	-11
+ Other Financing Activities	13	13	6	- -	- -	34	-3	59	77	-40
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	11	10	5	- -	- -	33	9	74	40	17
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	1	-6	- -	- -	-15	-19	37	20	-18
EBITDA	2	3	2	2	3	- -	- -	1	1	1
EBITDA Margin (%)	29.73	43.16	35.47	32.16	34.42	1.98	1.88	2.24	2.92	2.88
Free Cash Flow	2	2	2	- -	- -	11	7	5	1	6
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	2	2	2	- -	- -	11	7	5	1	6
Free Cash Flow to Equity	- -	- -	2	- -	- -	13	20	21	-34	64
Free Cash Flow per Basic Share	0.86	0.95	0.74	- -	- -	3.78	2.21	1.64	0.31	1.78
Price/Free Cash Flow	- -	5.46	6.98	- -	- -	4.97	8.18	7.64	17.56	8.54
Cash Flow to Net Income	2.3	1.87	1.57	- -	- -	1.44	0.88	0.92	0.54	1.05
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -