Farmers & Merchants Bancshares, Inc. Quarterly Income Tax Expense (Benefit) in USD from Q1 2016 to Q3 2024

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/annual Income Tax Expense (Benefit) history and growth rate from Q1 2016 to Q3 2024.
  • Farmers & Merchants Bancshares, Inc. Income Tax Expense (Benefit) for the quarter ending September 30, 2024 was $342K, a 26.9% decline year-over-year.
  • Farmers & Merchants Bancshares, Inc. Income Tax Expense (Benefit) for the twelve months ending September 30, 2024 was $1.35M, a 43% decline year-over-year.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2023 was $2.02M, a 18.8% decline from 2022.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2022 was $2.49M, a 2.15% increase from 2021.
  • Farmers & Merchants Bancshares, Inc. annual Income Tax Expense (Benefit) for 2021 was $2.43M, a 399% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Quarterly (USD)
Income Tax Expense (Benefit), YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2024 $1.35M $342K -$126K -26.9% Jul 1, 2024 Sep 30, 2024 10-Q 2024-11-14
Q2 2024 $1.47M $306K -$238K -43.8% Apr 1, 2024 Jun 30, 2024 10-Q 2024-08-14
Q1 2024 $1.71M $346K -$305K -46.8% Jan 1, 2024 Mar 31, 2024 10-Q 2024-05-14
Q4 2023 $2.02M $356K -$350K -49.6% Oct 1, 2023 Dec 31, 2023 10-K 2024-03-11
Q3 2023 $2.37M $467K -$108K -18.8% Jul 1, 2023 Sep 30, 2023 10-Q 2024-11-14
Q2 2023 $2.48M $543K -$51.2K -8.61% Apr 1, 2023 Jun 30, 2023 10-Q 2024-08-14
Q1 2023 $2.53M $651K +$41.7K +6.84% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-14
Q4 2022 $2.49M $706K +$34.7K +5.17% Oct 1, 2022 Dec 31, 2022 10-K 2024-03-11
Q3 2022 $2.45M $575K -$31.1K -5.12% Jul 1, 2022 Sep 30, 2022 10-Q 2023-11-14
Q2 2022 $2.48M $595K +$24.8K +4.35% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-14
Q1 2022 $2.46M $609K +$23.8K +4.06% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-15
Q4 2021 $2.43M $671K +$644K +2398% Oct 1, 2021 Dec 31, 2021 10-K 2023-03-10
Q3 2021 $1.79M $606K +$529K +689% Jul 1, 2021 Sep 30, 2021 10-Q 2022-11-14
Q2 2021 $1.26M $570K +$339K +147% Apr 1, 2021 Jun 30, 2021 10-Q 2022-08-15
Q1 2021 $920K $586K +$433K +283% Jan 1, 2021 Mar 31, 2021 10-Q 2022-05-13
Q4 2020 $487K $26.9K -$228K -89.5% Oct 1, 2020 Dec 31, 2020 10-K 2022-03-11
Q3 2020 $715K $76.9K -$231K -75% Jul 1, 2020 Sep 30, 2020 10-Q 2021-11-15
Q2 2020 $946K $231K +$7.76K +3.48% Apr 1, 2020 Jun 30, 2020 10-Q 2021-08-16
Q1 2020 $938K $153K -$101K -39.8% Jan 1, 2020 Mar 31, 2020 10-Q 2021-05-17
Q4 2019 $1.04M $255K -$16.7K -6.16% Oct 1, 2019 Dec 31, 2019 10-K 2021-03-19
Q3 2019 $1.06M $308K -$20.1K -6.14% Jul 1, 2019 Sep 30, 2019 10-Q 2020-11-10
Q2 2019 $1.08M $223K -$23.2K -9.41% Apr 1, 2019 Jun 30, 2019 10-Q 2020-08-07
Q1 2019 $1.1M $254K -$6.88K -2.64% Jan 1, 2019 Mar 31, 2019 10-Q 2020-05-13
Q4 2018 $1.11M $272K -$565K -67.5% Oct 1, 2018 Dec 31, 2018 10-K 2020-03-06
Q3 2018 $1.67M $328K -$35.2K -9.7% Jul 1, 2018 Sep 30, 2018 10-Q 2019-11-13
Q2 2018 $1.71M $246K -$200K -44.9% Apr 1, 2018 Jun 30, 2018 10-Q 2019-08-08
Q1 2018 $1.91M $261K -$96.3K -27% Jan 1, 2018 Mar 31, 2018 10-Q 2019-05-14
Q4 2017 $2M $836K +$394K +89.1% Oct 1, 2017 Dec 31, 2017 10-K 2019-03-21
Q3 2017 $1.61M $363K -$209K -36.5% Jul 1, 2017 Sep 30, 2017 10-Q 2018-11-13
Q2 2017 $1.82M $446K -$50.6K -10.2% Apr 1, 2017 Jun 30, 2017 10-Q 2018-08-10
Q1 2017 $1.87M $357K -$159K -30.8% Jan 1, 2017 Mar 31, 2017 10-Q 2018-05-14
Q4 2016 $2.03M $442K Oct 1, 2016 Dec 31, 2016 10-K 2018-03-28
Q3 2016 $572K Jul 1, 2016 Sep 30, 2016 10-Q 2017-11-13
Q2 2016 $497K Apr 1, 2016 Jun 30, 2016 10-Q 2017-08-11
Q1 2016 $516K Jan 1, 2016 Mar 31, 2016 10-Q 2017-06-02
* An asterisk sign (*) next to the value indicates that the value is likely invalid.