FMFG — what changed in the latest 10-Q
A section-by-section comparison of FMFG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-11 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +25 | −15 | ~18 | 21 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Controls & procedures, Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-11
Total assets increased by $2.2 million, or 0.3%, to $874.2 million at June 30, 2026 from $872.0 million at December 31, 2025. The increase in total assets was due primarily to an increase of $8.8 million in cash and cash equivalents and an increase of $3.4 million in loans, offset by a decrease of $…
Stockholders’ equity increased by $2.9 million, or 4.5%, to $67.6 million at June 30, 2026 from $64.7 million at December 31, 2025. The increase was primarily due to net income of $3.7 million, $236 thousand in stock based compensation, and $352 thousand of reinvested dividends. These increases were…
Total deposits increased by $4.6 million, or 0.6%, to $725.1 million at June 30, 2026 from $720.5 million at December 31, 2025. The increase in deposits was due primarily to an $8.3 million increase in non-interest bearing demand deposits, a $5.0 million increase in certificates of deposit, a $1.7 m…
The following table shows the average balances and average costs of deposits for the six-month periods ended June 30, 2026 and 2025:
The Company’s contractual obligations consist primarily of borrowings and operating leases for various facilities.
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Total assets decreased by $9.0 million, or 1.0%, to $862.9 million at March 31, 2026 from $872.0 million at December 31, 2025. The decrease in total assets was due primarily to a decrease of $6.3 million in available for sale securities and a decrease of $4.8 million in loans, offset by an increase …
Stockholders’ equity increased by $1.4 million, or 2.2%, to $66.1 million at March 31, 2026 from $64.7 million at December 31, 2025. The increase was primarily due to net income of $1.8 million, partially offset by an increase of $500 thousand in accumulated other comprehensive loss.
Other assets remained consistent at $7.3 million as of March 31, 2026 and December 31, 2025.
Total deposits decreased by $9.2 million, or 1.3%, to $711.3 million at March 31, 2026 from $720.5 million at December 31, 2025. The decrease in deposits was due primarily to an $8.5 million decrease in brokered CDs, a $6.2 million decrease in money market accounts and a $1.7 million decrease in int…
The following table shows the average balances and average costs of deposits for the three-month periods ended March 31, 2026 and 2025:
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice