Farmers & Merchants Bancorp (FMCB)

FMCB Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	172.57	212.56	410.64	588.26	715.46	383.84
Investment Securities	-	107.59	112.03	96.74	98.94	151.49
Mortgage-Backed Securities	1,605	1,141	903.27	916.63	924.11	737.87
Total Investments	1,605	1,249	1,015	1,013	1,023	889.36
Gross Loans	3,623	3,690	3,665	3,522	3,248	3,112
Allowance for Loan Losses	-75.96	-75.28	-74.97	-66.89	-61.01	-58.86
Other Adjustments to Gross Loans	-	-11.83	-10.71	-9.36	-10.73	-11.94
Net Loans	3,547	3,603	3,580	3,445	3,176	3,041
Property, Plant & Equipment	-	53.57	54.61	52.88	51.78	54.95
Goodwill	-	11.18	11.18	11.18	11.18	11.18
Other Intangible Assets	-	1.69	2.24	2.81	3.4	4.01
Accrued Interest Receivable	-	30.15	28.52	21.6	18.1	20.33
Long-Term Deferred Tax Assets	-	36.73	50.07	31.51	25.54	17.09
Other Real Estate Owned & Foreclosed	-	0.87	0.87	0.87	0.87	0.87
Other Long-Term Assets	305.89	171.38	155.77	159.45	152.16	128.09
Total Assets	5,630	5,370	5,309	5,327	5,178	4,550
Interest Bearing Deposits	4,885	2,796	2,867	2,872	2,721	2,399
Institutional Deposits	-	385.07	318.83	128.85	168.87	185.94
Non-Interest Bearing Deposits	-	1,518	1,483	1,759	1,750	1,475
Total Deposits	4,885	4,699	4,668	4,759	4,640	4,060
Current Portion of Leases	-	0.77	-	-	-	-
Accrued Interest Payable	-	85.4	77.97	69.01	59.99	-
Long-Term Leases	-	1.51	2.8	3.5	4.13	4.92
Trust Preferred Securities	10.31	10.31	10.31	10.31	10.31	10.31
Other Long-Term Liabilities	89.29	-	-	-	-	51.29
Total Liabilities	4,985	4,797	4,759	4,842	4,715	4,127
Common Stock	645.25	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	-	-	36.85	57.21	77.52	77.52
Retained Earnings	-	592.43	525.36	449.93	387.33	333.07
Comprehensive Income & Other	-	-19.37	-12.46	-21.84	-1.72	13.07
Shareholders' Equity	645.25	573.07	549.76	485.31	463.14	423.67
Total Liabilities & Equity	5,630	5,370	5,309	5,327	5,178	4,550
Total Debt	10.31	12.58	13.11	13.81	14.44	15.23
Net Cash (Debt)	162.26	199.98	397.53	574.45	701.02	368.61
Net Cash Growth	-42.65%	-49.70%	-30.80%	-18.06%	90.18%	31.92%
Net Cash Per Share	231.68	273.60	524.91	738.62	887.76	464.63
Filing Date Shares Outstanding	0.69	0.7	0.74	0.76	0.79	0.79
Total Common Shares Outstanding	0.69	0.7	0.75	0.77	0.79	0.79
Book Value Per Share	934.34	818.91	735.00	631.63	586.51	536.53
Tangible Book Value	645.25	560.2	536.34	471.32	448.55	408.47
Tangible Book Value Per Share	934.34	800.52	717.05	613.42	568.04	517.28

Source: S&P Global Market Intelligence. Banks template. Financial Sources.