Farmers & Merchants Bancshares, Inc. Annual Interest Expense in USD from 2016 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Farmers & Merchants Bancshares, Inc. quarterly/annual Interest Expense history and growth rate from 2016 to 2023.
  • Farmers & Merchants Bancshares, Inc. Interest Expense for the quarter ending March 31, 2024 was $3.89M, a 179% increase year-over-year.
  • Farmers & Merchants Bancshares, Inc. Interest Expense for the twelve months ending March 31, 2024 was $12.4M, a 311% increase year-over-year.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2023 was $9.91M, a 362% increase from 2022.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2022 was $2.15M, a 23.5% decline from 2021.
  • Farmers & Merchants Bancshares, Inc. annual Interest Expense for 2021 was $2.81M, a 18.9% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
* An asterisk sign (*) next to the value indicates that the value is likely invalid.