Farmers & Merchants Bancshares, Inc. (Burlington, IA)
Balance Sheet
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The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Farmers & Merchants Bancshares, Inc. (Burlington, IA)'s balance sheet done over the years? Its assets were worth $234,232,608 last year, which is less than in the previous period. 97% of Farmers & Merchants Bancshares, Inc. (Burlington, IA)’s total assets is currently financed by debt. Its liabilities reached the amount of $226,476,727, which means an decrease by -9% compared compared to last year.
Debt to Assets
| 2017 | 191696 | 0 | 0% |
|---|---|---|---|
| 2019 | 200201841 | 186.29M | 93.05% |
| 2020 | 229635867 | 214.13M | 93.25% |
| 2021 | 250688350 | 235.68M | 94.01% |
| 2022 | 256061702 | 250.24M | 97.73% |
| 2023 | 234232608 | 226.47M | 96.69% |
FMBN Balance Sheet (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | 5.19K | 13.75K | 13.69K | 22.00K | 21.28K | 7.10K |
Short term investments | -642.52K | 0 | 0 | 0 | 0 | 0 |
Net receivables | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
Other current assets | 6.39M | 14.72M | 14.63M | 22.97M | 22.35M | 128.20K |
Total current assets | 6.39M | 14.72M | 14.63M | 22.97M | 22.35M | 135.30K |
Non-current assets: | ||||||
Property, Plant and Equipment | 0 | 3.49M | 3.55M | 3.62M | 3.76M | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 730.9K | 351.8K | 326.6K | 791.3K | 2.28M | 39.33K |
Other non-current assets | 227.10M | 237.48M | 232.17M | 202.24M | 171.80M | 17.05K |
Total non-current assets | 227.84M | 241.33M | 236.05M | 206.66M | 177.84M | 56.38K |
Total assets | 234.23M | 256.06M | 250.68M | 229.63M | 200.20M | 191.69K |
Liabilities | ||||||
| Current liabilities: | ||||||
Accounts payable | ||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 12.8M | 0 | 0 | 0 | 1.23M | 0 |
Total current liabilities | 120.58M | 86.34M | 62.70M | 52.59M | 47.63M | 0 |
| Non-current liabilities: | ||||||
Long term debt | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 101.76M | 159.77M | 168.85M | 157.41M | 134.53M | 0 |
Total non-current liabilities | 105.88M | 163.89M | 172.97M | 161.53M | 138.65M | 0 |
Total liabilities | 226.47M | 250.24M | 235.68M | 214.13M | 186.29M | 0 |