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)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments189,276143,657154,70073,24567,21587,527
Cash and cash equivalents189,276143,657154,70073,24567,21587,527
Total current assets:189,276143,657154,70073,24567,21587,527
Noncurrent Assets
Operating lease, right-of-use asset  5,918    
Property, plant and equipment35,00735,79031,72330,39828,67928,381
Intangible assets, net (including goodwill)86,35886,35886,35886,35886,35886,358
Goodwill86,35886,35886,35886,35886,35886,358
Total noncurrent assets:121,365128,066118,081116,756115,037114,739
Other undisclosed assets2,976,9133,011,5062,961,8992,957,4422,887,8232,813,085
TOTAL ASSETS:3,287,5543,283,2293,234,6803,147,4433,070,0753,015,351
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt28,21860,70030,50030,60030,500103,107
Total current liabilities:28,21860,70030,50030,60030,500103,107
Noncurrent Liabilities
Liabilities, other than long-term debt3,900     
Investment program, proportional amortization method, elected, commitment3,900     
Total noncurrent liabilities:3,900     
Other undisclosed liabilities2,937,7462,905,9862,900,9962,812,1802,733,8182,614,104
Total liabilities:2,969,8642,966,6862,931,4962,842,7802,764,3182,717,211
Equity
Equity, attributable to parent317,690316,543303,184304,663305,757298,140
Common stock135,482135,515135,171135,647135,241135,497
Treasury stock, value(10,851)(11,040)(11,008)(11,298)(11,310)(11,573)
Accumulated other comprehensive loss(30,589)(29,012)(39,489)(35,922)(31,186)(38,233)
Retained earnings223,648221,080218,510216,236213,012212,449
Total equity:317,690316,543303,184304,663305,757298,140
TOTAL LIABILITIES AND EQUITY:3,287,5543,283,2293,234,6803,147,4433,070,0753,015,351

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

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Revenues35,64035,28034,32331,62129,00227,593
Net investment income35,53334,85834,02931,51329,82627,428
Cost of revenue   (164)(159) 
Provision for loan, lease, and other losses      
Amortization of mortgage servicing rights (msrs)    (164)(159) 
Other undisclosed gross profit      (145)
Gross profit:35,64035,28034,32331,45728,84327,448
Operating expenses(2,452)(2,641)(2,412)(2,643)(3,077)(2,976)
Operating income:33,18832,63931,91128,81425,76624,472
Interest and debt expense (18,536)(18,335)(16,697)(13,259)(10,120)(6,935)
Income from continuing operations before equity method investments, income taxes:14,65214,30415,21415,55515,64617,537
Other undisclosed loss from continuing operations before income taxes(7,874)(7,429)(9,316)(8,023)(7,597)(8,643)
Income from continuing operations before income taxes:6,7786,8755,8987,5328,0498,894
Income tax expense(1,419)(1,332)(1,121)(1,531)(1,583)(1,706)
Net income attributable to parent:5,3595,5434,7776,0016,4667,188
Undistributed earnings (loss) allocated to participating securities, basic(26)(30)(20)(35)(33)(39)
Other undisclosed net loss available to common stockholders, basic(35)(33)(33)(31)(32)(30)
Net income available to common stockholders, diluted:5,2985,4804,7245,9356,4017,119

Comprehensive Income ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Net income:5,3595,5434,7776,0016,4667,188
Other comprehensive income (loss)(1,577) (3,567)(4,736)7,047 
Other undisclosed comprehensive income (loss)  9,221   (35,049)
Comprehensive income (loss):3,78214,7641,2101,26513,513(27,861)
Other undisclosed comprehensive income, net of tax, attributable to parent  1,256   34,553
Comprehensive income, net of tax, attributable to parent:3,78216,0201,2101,26513,5136,692

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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