Farmers & Merchants Bancshares, Inc.
Close on Oct 19, 2026
- Market cap
- $60.25M
- P/E (TTM)
- 8.5
- Dividend yield
- –
About Farmers & Merchants Bancshares
Savings Institutions, Not Federally Chartered, SIC 6036
Farmers and Merchants Bancshares, Inc. operates as a financial and bank holding company that conducts commercial and consumer banking through its primary subsidiary, Farmers and Merchants Bank. The institution provides retail deposit accounts, including checking, savings, money market, and retirement accounts, along with residential mortgages, home equity credit lines, personal installment loans, and credit cards. For commercial and agricultural clients, the organization delivers checking accounts, cash management services, merchant payment processing, lines of credit, equipment financing, commercial mortgages, and government-guaranteed loans.
The banking franchise operates primarily within Carroll County and Baltimore County, Maryland, maintaining its main office in Upperco. Its physical delivery network encompasses six full-service branch facilities, one satellite facility at a senior living community, a loan production office, automated teller machines, and participation in a nationwide surcharge-free network. Digital account access is provided through online and mobile banking platforms.
Summary of the business section of Farmers & Merchants Bancshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Farmers & Merchants Bancshares, Inc.
- Founded
- 2016
- Headquarters
- Hampstead, MD
- Address
- 4510 Lower Beckleysville Road, Suite H 21074
- Phone
- (410) 374-1510
- Employees
- 95, Dec 31, 2025
- Industry
- Savings Institutions, Not Federally Chartered
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- YOUNT, HYDE & BARBOUR, P.C., Richmond, Virginia
Stock & identifiers
- Ticker
- FMFG
- Exchange
- OTC
- Shares outstanding
- 3M, Aug 11, 2026
- Public float
- $53.19M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 7-for-4, Nov 13, 2019; 2-for-1, Oct 15, 2013; 120-for-100, Aug 25, 2004
- SEC CIK
- 1698022
- CUSIP
- 308856103
- ISIN
- US3088561036
- LEI
- 549300405153JT7VIV16
- EIN
- 81-3605835
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Gary A. Harris | President & CEO, Director | 3,357 |
| Barry Luciani | EVP | 1,416 |
| Paul B. Susie | Chief Financial Officer | 0 |
| Emily Bollinger Miller | Director | 2,886 |
| Teresa L. Smack | Director | 8,378 |
| Ronald W. Hux | Director | 39,208 |
| Robert G. Pollokoff | Director | 2,282 |
| Bruce L. Schindler | Director | 105,066 |
| Joseph Lawrence Mekulski | Director | 2,866 |
| Paul F. Wooden Jr. | Director | 47,275 |
| Roger D. Cassell | Director | 9,371 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $503.91K | $499.20K | $258.84K | $83 | – |
| FY2024 | $462.45K | $468.40K | $250.72K | $99 | – |
| FY2023 | $588.15K | $586.21K | $316.91K | $87 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 95 individuals, of whom 91 were full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 20, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 8, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 1, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |