Flagship explainer
How Farmers & Merchants Bancshares, Inc. earns its spread
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $24.4M | 100% |
| |
| Income before tax | $7.4M | 30% |
|
| Income tax | $1.6M | 7% |
|
| $5.8M | 24% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001437749-26-009952