Farmers & Merchants Bancshares, Inc.
FMFG · Savings Institutions, Not Federally Chartered · 3.2M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $16.00 · est. market cap ~$52M — last insider purchase, 2025-11-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67Farmers & Merchants Bancshares (MD) — small thrift with solid ROE.
Strengths
- ROE 8.9% (79th pct), ROA (59th); low leverage (40th)
Risks
- Very small scale
- Rate sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Key metrics
Return on equity
8.9%
Return on assets
0.7%
Net-income growth
34.8%
Debt / equity
0.2×
Tangible book value
$58M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-01-21 | Luciani Barry | Grant | 1.2K | — |
| 2026-01-08 | Krebs Mark C. | Grant | 265 | $17.02 |
| 2026-01-08 | Pollokoff Robert G | Grant | 823 | $17.02 |
| 2026-01-08 | Miller Emily Bollinger | Grant | 910 | $17.02 |
| 2026-01-08 | Smack Teresa L. | Grant | 827 | $17.02 |
| 2026-01-08 | Schindler Bruce L. | Grant | 2.3K | $17.02 |
| 2026-01-08 | Hux Ronald W. | Grant | 800 | $17.02 |
| 2025-12-15 | RENBAUM BARRY J. | Other | 6.9K | $16.66 |
| 2025-11-25 | Miller Emily Bollinger | Buy | 750 | $16.00 |
| 2025-07-25 | RENBAUM CAROL ELLEN | Other | 6.9K | $16.43 |
| 2025-07-25 | RENBAUM BARRY J. | I | 6.9K | $16.43 |
| 2025-01-23 | Smack Teresa L. | Grant | 841 | — |
| 2025-01-23 | Miller Emily Bollinger | Grant | 872 | — |
| 2025-01-23 | Schindler Bruce L. | Grant | 2.3K | — |
| 2025-01-23 | Pollokoff Robert G | Grant | 1.4K | — |
| 2025-01-23 | Mekulski Joseph Lawrence | Grant | 1.4K | — |
| 2025-01-23 | Krebs Mark C. | Grant | 125 | — |
| 2025-01-23 | Harris Gary A | Grant | 100 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Material agreement3.03Exhibits | filing ↗ |
| 2026-05-21 | 5.05Exhibits | filing ↗ |
| 2026-05-19 | OtherExhibits | filing ↗ |
| 2026-04-30 | Shareholder voteExhibits | filing ↗ |
| 2026-04-29 | Exec/director changeExhibits | filing ↗ |
| 2026-04-24 | ResultsExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
| 2025-11-19 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001437749-26-020810 ↗ |
| 8-K | 2026-05-21 | 2026-05-18 | 0001437749-26-018092 ↗ |
| 8-K | 2026-05-19 | 2026-05-18 | 0001437749-26-017800 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001437749-26-017230 ↗ |
| 8-K | 2026-04-30 | 2026-04-28 | 0001437749-26-014235 ↗ |
| 8-K | 2026-04-29 | 2026-04-28 | 0001437749-26-013896 ↗ |
| 8-K | 2026-04-24 | 2026-04-24 | 0001437749-26-013241 ↗ |
| 10-K | 2026-03-26 | 2025-12-31 | 0001437749-26-009952 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001437749-26-002410 ↗ |
| 8-K | 2025-11-19 | 2025-11-17 | 0001437749-25-035659 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001437749-25-035228 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001437749-25-031752 ↗ |