 HAMPSTEAD, Md., Feb. 08, 2021 GLOBE NEWSWIRE -- Farmers and Merchants Bancshares, Inc. the Company, the parent of Farmers and Merchants Bank the Bank, announced that net income for the year ended December 31, 2020 was 2,682,003, or 0.90 per common share, compared to 4,560,804, or 1.54 per common share, for the year ended December 31, 2019. Net income for the three months ended December 31, 2020 was 417,394, or 0.14 per common share, compared to 1,060,786, or 0.36 per common share, for the three months ended December 31, 2019. On October 1, 2020, the Company consummated its previously-announced acquisition of Carroll Bancorp, Inc. and Carroll Community Bank collectively Carroll. 