Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Total Assets : $794.59 Mil (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Farmers and Merchants Bancshares (MD) Total Assets?

Farmers and Merchants Bancshares (MD)'s Total Assets for the quarter that ended in Mar. 2024 was $794.59 Mil.

Warning Sign:

If a company builds assets at 42% a year, faster than its revenue growth rate of 30.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Farmers and Merchants Bancshares (MD)'s average Total Assets Growth Rate was 3.10% per year. During the past 3 years, the average Total Assets Growth Rate was 57.30% per year. During the past 5 years, the average Total Assets Growth Rate was 42.00% per year.

During the past 8 years, Farmers and Merchants Bancshares (MD)'s highest 3-Year average Total Assets Growth Rate was 57.30%. The lowest was 2.80%. And the median was 54.70%.

Total Assets is connected with ROA %. Farmers and Merchants Bancshares (MD)'s annualized ROA % for the quarter that ended in Mar. 2024 was 0.61%. Total Assets is also linked to Revenue through Asset Turnover. Farmers and Merchants Bancshares (MD)'s Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Farmers and Merchants Bancshares (MD) Total Assets Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'s Total Assets 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.

* Premium members only.

Farmers and Merchants Bancshares (MD) Total Assets Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

159.24

159.98

716.68

718.21

799.94

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															722.68	730.26	756.64	799.94	794.59

Farmers and Merchants Bancshares (MD) Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Farmers and Merchants Bancshares (MD)'s Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	52.178	+	747.763
	=	799.94

Farmers and Merchants Bancshares (MD)'s Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	53.077	+	741.516
	=	794.59

Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) Total Assets Explanation

Total Assets is connected with ROA %.

Farmers and Merchants Bancshares (MD)'s annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	4.88	/	( (799.941	+	794.593)	/ 2 )
	=	4.88	/	797.267
	=	0.61 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Farmers and Merchants Bancshares (MD)'s Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5.679	/	( (799.941	+	794.593)	/ 2 )
=	5.679	/	797.267
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Farmers and Merchants Bancshares (MD) Total Assets Related Terms

Thank you for viewing the detailed overview of Farmers and Merchants Bancshares (MD)'s Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.