Farmers & Merchants Bancorp (FMCB) Financial Statements (2024 and earlier)

Company Profile

Business Address FARMERS AND MERCHANTS BANCORP
LODI, CA 95240-2184
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (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 investments588,257715,460383,837294,758145,564187,149
Cash and cash equivalents588,257715,460383,837294,758145,564187,149
Total current assets:588,257715,460383,837294,758145,564187,149
Noncurrent Assets
Operating lease, right-of-use asset 3,4004,0504,8004,980
Property, plant and equipment49,47647,73050,14745,27132,62328,679
Intangible assets, net (including goodwill)13,99214,585    
Goodwill11,18311,183    
Intangible assets, net (excluding goodwill)2,8093,402    
Deferred income tax assets31,50725,542  
Total noncurrent assets:98,37591,90754,94750,25132,62328,679
Other undisclosed assets4,640,7674,370,3534,111,6693,376,8213,256,0562,859,624
TOTAL ASSETS:5,327,3995,177,7204,550,4533,721,8303,434,2433,075,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,842,0914,714,5844,126,7883,352,5343,123,0282,775,792
Total liabilities:4,842,0914,714,5844,126,7883,352,5343,123,0282,775,792
Equity
Equity, attributable to parent485,308463,136423,665369,296311,215299,660
Common stock888888
Additional paid in capital57,20677,51677,51679,94772,97493,624
Accumulated other comprehensive income (loss)(21,838)(1,719)13,0713,305(2,988)(817)
Retained earnings449,932387,331333,070286,036241,221206,845
Total equity:485,308463,136423,665369,296311,215299,660
TOTAL LIABILITIES AND EQUITY:5,327,3995,177,7204,550,4533,721,8303,434,2433,075,452

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
Revenues165,435150,664158,692153,709133,453122,069
Net investment income176,124148,110158,652153,708133,453114,612
Cost of revenue(6,450)(1,910)(4,500)(200)(5,533)(2,850)
Provision for loan, lease, and other losses(6,450)(1,910)(4,500)(200)(5,533)
Financial services costs(2,850)
Gross profit:158,985148,754154,192153,509127,920119,219
Operating expenses(6,778)(10,879)(5,690)(7,896)(9,038)(50,740)
Other operating income, net
(Noninterest Income, Other Operating Income)
4,2663,7823,6183,7915,6474,920
Operating income:156,473141,657152,120149,404124,52973,399
Nonoperating income2,2332,1752,0882,0311,9002,236
Gains on sales of other real estate      414
Bank owned life insurance income2,2332,1752,0882,0311,9001,822
Interest and debt expense(4,840)(4,332)(9,491)(13,194)(7,950)(6,289)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (66,766)(62,928)(58,749)(14,865)
Income from continuing operations before equity method investments, income taxes:153,866139,50077,95175,31359,73054,481
Other undisclosed loss from continuing operations before income taxes(54,125)(51,179)    
Income from continuing operations before income taxes:99,74188,32177,95175,31359,73054,481
Income tax expense(24,651)(21,985)(19,217)(19,277)(14,203)(26,111)
Income from continuing operations:75,09066,33658,73456,03645,52728,370
Income before gain (loss) on sale of properties:66,33658,73456,03645,52728,370
Net income available to common stockholders, diluted:75,09066,33658,73456,03645,52728,370

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:75,09066,33658,73456,03645,52728,370
Other comprehensive income (loss)(28,564)(20,997)  (3,059)(730)
Comprehensive income:46,52645,33958,73456,03642,46827,640
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8,4456,2079,7666,293888(76)
Comprehensive income, net of tax, attributable to parent:54,97151,54668,50062,32943,35627,564

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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