Farmers & Merchants Bancshares, Inc. (FMFG) › Capital ExpendituresFarmers & Merchants Bancshares, Inc. (FMFG) — Capital ExpendituresAnnual figures by fiscal year, from SEC filings.2016: $181.5K2017: $114.2K2018: $191.7K2019: $256.6K2020: $387.1K2021: $300.4K2022: $410.8K2023: $863.0K2024: $1.34M2025: $370.0K$370.0K2016Capital Expenditures (USD)2025Fiscal YearCapital ExpendituresChange YoY2025$370.0K-72.4%2024$1.34M+55.2%2023$863.0K+110.1%2022$410.8K+36.8%2021$300.4K-22.4%2020$387.1K+50.9%2019$256.6K+33.8%2018$191.7K+67.8%2017$114.2K-37.1%2016$181.5K—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowShares OutstandingDividends Per Share