FMFG (Farmers and Merchants Bancshares (MD)) Tax Rate % : 21.76% (As of Dec. 2024)

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What is Farmers and Merchants Bancshares (MD) Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Farmers and Merchants Bancshares (MD)'s Tax Expense for the three months ended in Dec. 2024 was $0.24 Mil. Farmers and Merchants Bancshares (MD)'s Pre-Tax Income for the three months ended in Dec. 2024 was $1.09 Mil. Therefore, Farmers and Merchants Bancshares (MD)'s Tax Rate % for the quarter that ended in Dec. 2024 was 21.76%.

Farmers and Merchants Bancshares (MD) Tax Rate % Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'s Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Farmers and Merchants Bancshares (MD) Tax Rate % Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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33.60

22.99

23.50

23.91

22.35

Farmers and Merchants Bancshares (MD) Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															20.06	22.09	22.11	23.34	21.76

Farmers and Merchants Bancshares (MD) Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Farmers and Merchants Bancshares (MD)'s Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	1.231	/	5.509
	=	22.35 %

Farmers and Merchants Bancshares (MD)'s Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	0.238	/	1.094
	=	21.76 %

Farmers and Merchants Bancshares (MD) Tax Rate % Related Terms

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Farmers and Merchants Bancshares (MD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4510 Lower Beckleysville Road, Suite H, Hampstead, MD, USA, 21074

Website

https://www.fmb1919.bank

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland, and surrounding areas of northern Maryland. It provides Personal, Business, and Electronic banking services.