v3.26.1

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2023	3,116,966
Balance at Dec. 31, 2023	$ 31	$ 30,398	$ 39,433	$ (17,684)	$ 52,178
Net income	0	0	4,278	0	4,278
Other comprehensive loss	$ 0	0	0	1,175	1,175
Stock-based compensation (in shares)	0
Stock-based compensation	$ 0	18			18
Vested restricted stock units (in shares)	1,000
Vested restricted stock units	$ 0	0	0	0	0
Cash dividends, $0.67 per share	0	0	2,098	0	2,098
Cash dividends, $0.67 per share	$ 0	0	(2,098)	0	(2,098)
Dividends reinvested (in shares)	48,687
Dividends reinvested	$ 1	720	0	0	721
Balance (in shares) at Dec. 31, 2024	3,166,653
Balance at Dec. 31, 2024	$ 32	31,136	41,613	(16,509)	56,272
Net income	0	0	5,766	0	5,766
Other comprehensive loss	$ 0	0	0	3,779	3,779
Stock-based compensation (in shares)	8,694
Stock-based compensation	$ 0	172	0
Vested restricted stock units (in shares)	1,000
Vested restricted stock units	$ 0	0	0	0	0
Cash dividends, $0.67 per share	0	0	2,169	0	2,169
Cash dividends, $0.67 per share	$ 0	0	(2,169)	0	(2,169)
Dividends reinvested (in shares)	53,448
Dividends reinvested	$ 0	840	0	0	840
Balance (in shares) at Dec. 31, 2025	3,229,795
Balance at Dec. 31, 2025	$ 32	$ 32,148	$ 45,210	$ (12,730)	$ 64,660

The amount of adjustments related to capital dividends for reinvested adjustment.

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Farmers & Merchants Bancshares, Inc. 10-K