Farmers & Merchants Bancorp, Inc. (FMAO) Financial Statements (2024 and earlier)

Company Profile

Business Address 307-11 N DEFIANCE ST
ARCHBOLD, OH 43502
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments87,527146,398102,93254,44641,51137,498
Cash and cash equivalents87,527146,398102,93254,44641,51137,498
Total current assets:87,527146,398102,93254,44641,51137,498
Noncurrent Assets
Property, plant and equipment28,38126,91327,06326,28322,61221,617
Intangible assets, net (including goodwill)86,35880,43447,34050,8614,0744,074
Goodwill86,35880,43447,34047,3404,0744,074
Intangible assets, net (excluding goodwill)    3,521  
Total noncurrent assets:114,739107,34774,40377,14426,68625,691
Other undisclosed assets2,813,0852,384,5551,732,2091,475,7401,047,9661,043,820
TOTAL ASSETS:3,015,3512,638,3001,909,5441,607,3301,116,1631,107,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt103,10730,68830,20037,53825,70029,100
Total current liabilities:103,10730,68830,20037,53825,70029,100
Noncurrent Liabilities
Other undisclosed liabilities2,614,1042,310,4451,630,1841,339,534947,176943,772
Total liabilities:2,717,2112,341,1331,660,3841,377,072972,876972,872
Equity
Equity, attributable to parent298,140297,167249,160230,258143,287134,137
Common stock135,497122,67481,80481,53510,82311,546
Treasury stock, value(11,573)(11,724)(11,932)(12,456)(12,409)(12,160)
Accumulated other comprehensive income (loss)(38,233)(3,184)5,6971,098(3,014)(1,826)
Retained earnings212,449189,401173,591160,081147,887136,577
Total equity:298,140297,167249,160230,258143,287134,137
TOTAL LIABILITIES AND EQUITY:3,015,3512,638,3001,909,5441,607,3301,116,1631,107,009

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues95,93571,81965,45962,50642,52341,656
Net investment income94,58271,81965,45962,50642,52337,388
Cost of revenue(145)(5,024)(8,012)(1,625)(688)(575)
Provision for loan, lease, and other losses  (3,444)(6,981)(1,138)(324)
Amortization of mortgage servicing rights (msrs)(145)(1,580)(1,031)(487)(364)(353)
Financial services costs(222)
Other undisclosed gross profit      
Gross profit:95,79066,79557,44760,88141,83541,081
Operating expenses(9,318)(8,609)(6,105)(6,460)(4,362)(6,338)
Operating income:86,47258,18651,34254,42137,47334,743
Nonoperating income
(Investment Income, Nonoperating)
      58
Interest and debt expense(14,362)(7,342)(10,393)(14,759)(6,572)(5,127)
Income from continuing operations before equity method investments, income taxes:72,11050,84440,94939,66230,90129,674
Other undisclosed loss from continuing operations before income taxes(31,635)(21,347)(15,743)(17,028)(12,725)(11,771)
Income from continuing operations before income taxes:40,47529,49725,20622,63418,17617,903
Income tax expense(7,960)(6,002)(5,111)(4,232)(3,227)(5,183)
Income from continuing operations:32,51523,49520,09518,40214,94912,720
Income before gain (loss) on sale of properties:23,49520,09518,40214,94912,720
Net income attributable to parent:32,51523,49520,09518,40214,94912,720
Undistributed earnings (loss) allocated to participating securities, basic(187)(121)(96)(87)(98)(77)
Other undisclosed net loss available to common stockholders, basic(97)(70)(57)(51)(52)(45)
Net income available to common stockholders, diluted:32,23123,30419,94218,26414,79912,598

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:32,51523,49520,09518,40214,94912,720
Other comprehensive income (loss)(35,049)(8,881)4,5994,112(829)146
Other undisclosed comprehensive loss      
Comprehensive income (loss):(2,534)14,61424,69422,51414,12012,866
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(2,534)14,61424,69422,51414,12012,866

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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