Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Tax Rate % : 22.09% (As of Mar. 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 Mar. 2024 was $0.35 Mil. Farmers and Merchants Bancshares (MD)'s Pre-Tax Income for the three months ended in Mar. 2024 was $1.57 Mil. Therefore, Farmers and Merchants Bancshares (MD)'s Tax Rate % for the quarter that ended in Mar. 2024 was 22.09%.

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

Tax Rate %

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32.65

33.60

22.99

23.50

23.91

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
Tax Rate %	Get a 7-Day Free Trial															25.51	24.54	24.59	20.10	22.09

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. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2.017	/	8.436
	=	23.91 %

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

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.346	/	1.566
	=	22.09 %

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

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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 » Tax Rate %

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.