Interest Expense of Farmers & Merchants Bancshares, Inc. from 31 Mar 2016 to 31 Mar 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Farmers & Merchants Bancshares, Inc. quarterly and annual Interest Expense in USD history and change rate from 31 Mar 2016 to 31 Mar 2024.
  • Farmers & Merchants Bancshares, Inc. Interest Expense for the quarter ending 31 Mar 2024 was $3,891,806, a 179% increase year-over-year.
  • Farmers & Merchants Bancshares, Inc. Interest Expense for the twelve months ending 31 Mar 2024 was $12,403,470, a 311% increase year-over-year.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2023 was $9,907,125, a 362% increase from 2022.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2022 was $2,146,158, a 23% decline from 2021.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2021 was $2,805,299, a 19% decline from 2020.
Source SEC data
View on sec.gov
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Quarterly (USD)
Interest Expense, YoY Quarterly Change (%)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Change (%)

Farmers & Merchants Bancshares, Inc. Quarterly Interest Expense (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q1 2024 $12,403,470 $3,891,806 +$2,496,345 +179% 01 Jan 2024 31 Mar 2024 10-Q 14 May 2024 2024 Q1
Q4 2023 $9,907,125 $3,583,564 +$2,960,317 +475% 01 Oct 2023 31 Dec 2023 10-K 11 Mar 2024 2023 FY
Q3 2023 $6,946,808 $2,814,708 +$2,320,395 +469% 01 Jul 2023 30 Sep 2023 10-Q 14 Nov 2023 2023 Q3
Q2 2023 $4,626,413 $2,113,392 +$1,610,430 +320% 01 Apr 2023 30 Jun 2023 10-Q 14 Aug 2023 2023 Q2
Q1 2023 $3,015,983 $1,395,461 +$869,825 +165% 01 Jan 2023 31 Mar 2023 10-Q 14 May 2024 2024 Q1
Q4 2022 $2,146,158 $623,247 +$15,954 +2.6% 01 Oct 2022 31 Dec 2022 10-K 11 Mar 2024 2023 FY
Q3 2022 $2,130,204 $494,313 -$167,966 -25% 01 Jul 2022 30 Sep 2022 10-Q 14 Nov 2023 2023 Q3
Q2 2022 $2,298,170 $502,962 -$235,628 -32% 01 Apr 2022 30 Jun 2022 10-Q 14 Aug 2023 2023 Q2
Q1 2022 $2,533,798 $525,636 -$271,501 -34% 01 Jan 2022 31 Mar 2022 10-Q 15 May 2023 2023 Q1
Q4 2021 $2,805,299 $607,293 -$300,452 -33% 01 Oct 2021 31 Dec 2021 10-K 10 Mar 2023 2022 FY
Q3 2021 $3,105,751 $662,279 -$59,326 -8.2% 01 Jul 2021 30 Sep 2021 10-Q 14 Nov 2022 2022 Q3
Q2 2021 $3,165,077 $738,590 -$146,235 -17% 01 Apr 2021 30 Jun 2021 10-Q 15 Aug 2022 2022 Q2
Q1 2021 $3,311,312 $797,137 -$147,365 -16% 01 Jan 2021 31 Mar 2021 10-Q 13 May 2022 2022 Q1
Q4 2020 $3,458,677 $907,745 -$69,550 -7.1% 01 Oct 2020 31 Dec 2020 10-K 19 Mar 2021 2020 FY
Q3 2020 $3,528,227 $721,605 -$234,806 -25% 01 Jul 2020 30 Sep 2020 10-Q 15 Nov 2021 2021 Q3
Q2 2020 $3,763,033 $884,825 -$40,039 -4.3% 01 Apr 2020 30 Jun 2020 10-Q 16 Aug 2021 2021 Q2
Q1 2020 $3,803,072 $944,502 +$123,119 +15% 01 Jan 2020 31 Mar 2020 10-Q 17 May 2021 2021 Q1
Q4 2019 $3,679,953 $977,295 +$250,746 +35% 01 Oct 2019 31 Dec 2019 10-K 19 Mar 2021 2020 FY
Q3 2019 $3,429,207 $956,411 +$292,393 +44% 01 Jul 2019 30 Sep 2019 10-K 19 Mar 2021 2020 FY
Q2 2019 $3,136,814 $924,864 +$343,951 +59% 01 Apr 2019 30 Jun 2019 10-K 19 Mar 2021 2020 FY
Q1 2019 $2,792,863 $821,383 +$285,622 +53% 01 Jan 2019 31 Mar 2019 10-K 19 Mar 2021 2020 FY
Q4 2018 $2,507,241 $726,549 +$260,445 +56% 01 Oct 2018 31 Dec 2018 10-K 06 Mar 2020 2019 FY
Q3 2018 $2,246,796 $664,018 +$221,213 +50% 01 Jul 2018 30 Sep 2018 10-K 06 Mar 2020 2019 FY
Q2 2018 $2,025,583 $580,913 +$168,295 +41% 01 Apr 2018 30 Jun 2018 10-K 06 Mar 2020 2019 FY
Q1 2018 $1,857,288 $535,761 +$150,048 +39% 01 Jan 2018 31 Mar 2018 10-K 06 Mar 2020 2019 FY
Q4 2017 $1,707,240 $466,104 +$97,219 +26% 01 Oct 2017 31 Dec 2017 10-K 21 Mar 2019 2018 FY
Q3 2017 $1,610,021 $442,805 +$102,706 +30% 01 Jul 2017 30 Sep 2017 10-K 21 Mar 2019 2018 FY
Q2 2017 $1,507,315 $412,618 +$90,078 +28% 01 Apr 2017 30 Jun 2017 10-K 21 Mar 2019 2018 FY
Q1 2017 $1,417,237 $385,713 +$71,117 +23% 01 Jan 2017 31 Mar 2017 10-K 21 Mar 2019 2018 FY
Q4 2016 $1,346,120 $368,885 01 Oct 2016 31 Dec 2016 10-K 28 Mar 2018 2017 FY
Q3 2016 $340,099 01 Jul 2016 30 Sep 2016 10-K 28 Mar 2018 2017 FY
Q2 2016 $322,540 01 Apr 2016 30 Jun 2016 10-K 28 Mar 2018 2017 FY
Q1 2016 $314,596 01 Jan 2016 31 Mar 2016 10-K 28 Mar 2018 2017 FY

Farmers & Merchants Bancshares, Inc. Annual Interest Expense (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2023 $9,907,125 +$7,760,967 +362% 01 Jan 2023 31 Dec 2023 10-K 11 Mar 2024 2023 FY
2022 $2,146,158 -$659,141 -23% 01 Jan 2022 31 Dec 2022 10-K 11 Mar 2024 2023 FY
2021 $2,805,299 -$653,378 -19% 01 Jan 2021 31 Dec 2021 10-K 10 Mar 2023 2022 FY
2020 $3,458,677 -$221,276 -6% 01 Jan 2020 31 Dec 2020 10-K 11 Mar 2022 2021 FY
2019 $3,679,953 +$1,172,712 +47% 01 Jan 2019 31 Dec 2019 10-K 19 Mar 2021 2020 FY
2018 $2,507,241 +$800,001 +47% 01 Jan 2018 31 Dec 2018 10-K 06 Mar 2020 2019 FY
2017 $1,707,240 +$361,120 +27% 01 Jan 2017 31 Dec 2017 10-K 21 Mar 2019 2018 FY
2016 $1,346,120 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.