Income Tax Expense (Benefit) of Farmers & Merchants Bancshares, Inc. from 31 Mar 2016 to 30 Sep 2025

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Farmers & Merchants Bancshares, Inc. quarterly and annual Income Tax Expense (Benefit) in USD history and change rate from 31 Mar 2016 to 30 Sep 2025.
  • Farmers & Merchants Bancshares, Inc. Income Tax Expense (Benefit) for the quarter ending 30 Sep 2025 was $462,000, a 35% increase year-over-year.
  • Farmers & Merchants Bancshares, Inc. Income Tax Expense (Benefit) for the twelve months ending 30 Sep 2025 was $1,296,000, a 3.9% decline year-over-year.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2024 was $1,231,000, a 39% decline from 2023.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2023 was $2,017,000, a 19% decline from 2022.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2022 was $2,485,026, a 2.1% increase from 2021.
Source SEC data
View on sec.gov
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Quarterly (USD)
Income Tax Expense (Benefit), YoY Quarterly Change (%)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Change (%)

Farmers & Merchants Bancshares, Inc. Quarterly Income Tax Expense (Benefit) (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q3 2025 $1,296,000 $462,000 +$120,000 +35% 01 Jul 2025 30 Sep 2025 10-Q 14 Nov 2025 2025 Q3
Q2 2025 $1,176,000 $280,000 -$25,000 -8.2% 01 Apr 2025 30 Jun 2025 10-Q 14 Aug 2025 2025 Q2
Q1 2025 $1,201,000 $316,000 -$30,000 -8.7% 01 Jan 2025 31 Mar 2025 10-Q 15 May 2025 2025 Q1
Q4 2024 $1,231,000 $238,000 -$117,360 -33% 01 Oct 2024 31 Dec 2024 10-K 13 Mar 2025 2024 FY
Q3 2024 $1,348,360 $342,000 -$125,128 -27% 01 Jul 2024 30 Sep 2024 10-Q 14 Nov 2025 2025 Q3
Q2 2024 $1,473,488 $305,000 -$238,316 -44% 01 Apr 2024 30 Jun 2024 10-Q 14 Aug 2025 2025 Q2
Q1 2024 $1,711,804 $346,000 -$305,196 -47% 01 Jan 2024 31 Mar 2024 10-Q 15 May 2025 2025 Q1
Q4 2023 $2,017,000 $355,360 -$350,427 -50% 01 Oct 2023 31 Dec 2023 10-K 13 Mar 2025 2024 FY
Q3 2023 $2,367,427 $467,128 -$108,108 -19% 01 Jul 2023 30 Sep 2023 10-Q 14 Nov 2024 2024 Q3
Q2 2023 $2,475,535 $543,316 -$51,191 -8.6% 01 Apr 2023 30 Jun 2023 10-Q 14 Aug 2024 2024 Q2
Q1 2023 $2,526,726 $651,196 +$41,700 +6.8% 01 Jan 2023 31 Mar 2023 10-Q 14 May 2024 2024 Q1
Q4 2022 $2,485,026 $705,787 +$34,692 +5.2% 01 Oct 2022 31 Dec 2022 10-K 11 Mar 2024 2023 FY
Q3 2022 $2,450,334 $575,236 -$31,056 -5.1% 01 Jul 2022 30 Sep 2022 10-Q 14 Nov 2023 2023 Q3
Q2 2022 $2,481,390 $594,507 +$24,782 +4.4% 01 Apr 2022 30 Jun 2022 10-Q 14 Aug 2023 2023 Q2
Q1 2022 $2,456,608 $609,496 +$23,795 +4.1% 01 Jan 2022 31 Mar 2022 10-Q 15 May 2023 2023 Q1
Q4 2021 $2,432,813 $671,095 +$644,234 +2398% 01 Oct 2021 31 Dec 2021 10-K 10 Mar 2023 2022 FY
Q3 2021 $1,788,579 $606,292 +$529,429 +689% 01 Jul 2021 30 Sep 2021 10-Q 14 Nov 2022 2022 Q3
Q2 2021 $1,259,150 $569,725 +$339,154 +147% 01 Apr 2021 30 Jun 2021 10-Q 15 Aug 2022 2022 Q2
Q1 2021 $919,996 $585,701 +$432,785 +283% 01 Jan 2021 31 Mar 2021 10-Q 13 May 2022 2022 Q1
Q4 2020 $487,211 $26,861 -$227,965 -89% 01 Oct 2020 31 Dec 2020 10-K 11 Mar 2022 2021 FY
Q3 2020 $715,176 $76,863 -$230,861 -75% 01 Jul 2020 30 Sep 2020 10-Q 15 Nov 2021 2021 Q3
Q2 2020 $946,037 $230,571 +$7,763 +3.5% 01 Apr 2020 30 Jun 2020 10-Q 16 Aug 2021 2021 Q2
Q1 2020 $938,274 $152,916 -$101,060 -40% 01 Jan 2020 31 Mar 2020 10-Q 17 May 2021 2021 Q1
Q4 2019 $1,039,334 $254,826 -$16,726 -6.2% 01 Oct 2019 31 Dec 2019 10-K 19 Mar 2021 2020 FY
Q3 2019 $1,056,060 $307,724 -$20,114 -6.1% 01 Jul 2019 30 Sep 2019 10-Q 10 Nov 2020 2020 Q3
Q2 2019 $1,076,174 $222,808 -$23,154 -9.4% 01 Apr 2019 30 Jun 2019 10-Q 07 Aug 2020 2020 Q2
Q1 2019 $1,099,328 $253,976 -$6,881 -2.6% 01 Jan 2019 31 Mar 2019 10-Q 13 May 2020 2020 Q1
Q4 2018 $1,106,209 $271,552 -$564,600 -68% 01 Oct 2018 31 Dec 2018 10-K 06 Mar 2020 2019 FY
Q3 2018 $1,670,809 $327,838 -$35,202 -9.7% 01 Jul 2018 30 Sep 2018 10-Q 13 Nov 2019 2019 Q3
Q2 2018 $1,706,011 $245,962 -$200,042 -45% 01 Apr 2018 30 Jun 2018 10-Q 08 Aug 2019 2019 Q2
Q1 2018 $1,906,053 $260,857 -$96,261 -27% 01 Jan 2018 31 Mar 2018 10-Q 14 May 2019 2019 Q1
Q4 2017 $2,002,314 $836,152 +$394,067 +89% 01 Oct 2017 31 Dec 2017 10-K 21 Mar 2019 2018 FY
Q3 2017 $1,608,247 $363,040 -$208,898 -37% 01 Jul 2017 30 Sep 2017 10-Q 13 Nov 2018 2018 Q3
Q2 2017 $1,817,145 $446,004 -$50,593 -10% 01 Apr 2017 30 Jun 2017 10-Q 10 Aug 2018 2018 Q2
Q1 2017 $1,867,738 $357,118 -$159,082 -31% 01 Jan 2017 31 Mar 2017 10-Q 14 May 2018 2018 Q1
Q4 2016 $2,026,820 $442,085 01 Oct 2016 31 Dec 2016 10-K 28 Mar 2018 2017 FY
Q3 2016 $571,938 01 Jul 2016 30 Sep 2016 10-Q 13 Nov 2017 2017 Q3
Q2 2016 $496,597 01 Apr 2016 30 Jun 2016 10-Q 11 Aug 2017 2017 Q2
Q1 2016 $516,200 01 Jan 2016 31 Mar 2016 10-Q 02 Jun 2017 2017 Q1

Farmers & Merchants Bancshares, Inc. Annual Income Tax Expense (Benefit) (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2024 $1,231,000 -$786,000 -39% 01 Jan 2024 31 Dec 2024 10-K 13 Mar 2025 2024 FY
2023 $2,017,000 -$468,026 -19% 01 Jan 2023 31 Dec 2023 10-K 13 Mar 2025 2024 FY
2022 $2,485,026 +$52,213 +2.1% 01 Jan 2022 31 Dec 2022 10-K 11 Mar 2024 2023 FY
2021 $2,432,813 +$1,945,602 +399% 01 Jan 2021 31 Dec 2021 10-K 10 Mar 2023 2022 FY
2020 $487,211 -$552,123 -53% 01 Jan 2020 31 Dec 2020 10-K 11 Mar 2022 2021 FY
2019 $1,039,334 -$66,875 -6% 01 Jan 2019 31 Dec 2019 10-K 19 Mar 2021 2020 FY
2018 $1,106,209 -$896,105 -45% 01 Jan 2018 31 Dec 2018 10-K 06 Mar 2020 2019 FY
2017 $2,002,314 -$24,506 -1.2% 01 Jan 2017 31 Dec 2017 10-K 21 Mar 2019 2018 FY
2016 $2,026,820 01 Jan 2016 31 Dec 2016 10-K 28 Mar 2018 2017 FY
* An asterisk sign (*) next to the value indicates that the value is likely invalid.