Company: FMFG
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001437749-25-018314
Chunk: 7

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 7
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 stockholders of record who reside in Arizona, California, Ohio, Oregon or any other jurisdiction in which it is unlawful for us to permit participation are not eligible to participate in the Plan.

Summary Financial Data

At March 31, 2025, we had total assets of approximately $817.6 million, net loans of approximately $600.0 million, and deposits of approximately $735.6 million. Stockholders’ equity at March 31, 2025 was approximately $58.5 million. We recorded net income of approximately $1.165 million for the quarter ended March 31, 2025 and approximately $4.278 million for the year ended December 31, 2024.

<div align='center'>A WARNING ABOUT FORWARD-LOOKING STATEMENTS</div>

Some of the statements contained, or incorporated by reference, in this prospectus may include projections, predictions, expectations or statements as to beliefs or future events or results or refer to other matters that are not historical facts. Such statements constitute forward-looking statements and are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking statements are based on various factors and were derived using numerous assumptions. In some cases, you can identify these forward-looking statements by words like “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “intend”, “believe”, “estimate”, “predict”, “potential”, or “continue” or the negative of those words and other comparable words. You should be aware that those statements reflect only our predictions. If known or unknown risks or uncertainties should materialize, or if underlying assumptions should prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bear this in mind when reading this prospectus and not place undue reliance on these forward-looking statements. Factors or events that could cause our actual results to differ from our forward-looking statements may emerge from time to time, and it is not possible for us to predict all of them. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

<div align='center'>-4-</div>

The following factors are among those that may cause actual results to differ materially from our forward-looking statements in this prospectus:

| ● | unexpected changes in the housing market,