Farmers & Merchants Bk Md SEC Filings

Farmers and Merchants Bancshares (FMFG) reported stronger Q3 2025 results. Net income rose to $1.706M from $1.123M a year ago, with diluted EPS of $0.53 versus $0.36. Net interest income increased to $6.353M as interest income expanded to $10.959M while interest expense eased slightly to $4.606M. The company recorded a $327K provision for credit losses after no provision in the prior-year quarter.

Balance sheet trends were mixed. Total assets reached $869.6M and loans grew to $627.8M. Total deposits declined to $734.1M, while Federal Home Loan Bank advances increased to $50.2M. Accumulated other comprehensive loss improved to $(13.189)M as securities marks recovered. Asset quality strengthened: there were no nonaccrual loans at quarter end, compared with $2.44M at year-end 2024, though commercial real estate loans 90+ days past due and accruing stood at $1.262M. The allowance for credit losses on loans was $4.257M. The company paid a cash dividend of $0.34 per share in the quarter. Shares outstanding were 3,202,935 as of November 13, 2025.

Farmers and Merchants Bancshares, Inc. (FMFG)Exhibit 99.1. The information in Item 2.02 and Exhibit 99.1 is furnished and not deemed “filed” for purposes of Section 18 of the Exchange Act, and is not incorporated by reference unless expressly stated.

Farmers & Merchants Bancshares, Inc. filed a Form D reporting a completed private offering of debt securities under Rule 506(b). The company raised the full $12,500,000 and reports remaining to be sold. The first sale occurred on 2025-09-25. The offering accepted a minimum outside investment of $100,000 and lists 9 total investors. Sales commissions are reported at $375,000 (estimate) and finders' fees at $0. The issuer is a Maryland corporation operating in commercial banking with principal offices in Hampstead, Maryland. The Form D is signed by President & CEO Gary A. Harris.

Farmers and Merchants Bancshares, Inc. issued $12,500,000 aggregate principal amount of 7.875% Fixed to Floating Rate Subordinated Notes due September 25, 2035. The Notes were sold in a private placement at par and are intended to fund repayment of approximately $10,019,442 outstanding under a 2020 Term Note with First Horizon Bank and for general corporate purposes. Interest is fixed at 7.875% through September 25, 2030, then resets quarterly at Three-Month Term SOFR plus 458 basis points (floors at 0% SOFR). The Notes are unsecured, subordinated obligations of the company, rank junior to senior indebtedness, are not guaranteed by subsidiaries, and are intended to qualify as Tier 2 regulatory capital. Redemptions by the company are limited prior to September 26, 2030 and require regulatory approvals where applicable.