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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	607.25	212.56	410.64	588.26	715.46	383.84
Investment Securities	107.71	107.59	112.03	96.74	98.94	151.49
Mortgage-Backed Securities	1,163	1,141	903.27	916.63	924.11	737.87
Total Investments	1,270	1,249	1,015	1,013	1,023	889.36
Gross Loans	3,596	3,690	3,665	3,522	3,248	3,112
Allowance for Loan Losses	-75.42	-75.28	-74.97	-66.89	-61.01	-58.86
Other Adjustments to Gross Loans	-11.34	-11.83	-10.71	-9.36	-10.73	-11.94
Net Loans	3,509	3,603	3,580	3,445	3,176	3,041
Property, Plant & Equipment	51.24	53.57	54.61	52.88	51.78	54.95
Goodwill	11.18	11.18	11.18	11.18	11.18	11.18
Other Intangible Assets	1.56	1.69	2.24	2.81	3.4	4.01
Accrued Interest Receivable	23.71	30.15	28.52	21.6	18.1	20.33
Long-Term Deferred Tax Assets	32.46	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	0.87
Other Long-Term Assets	172.69	171.38	155.77	159.45	152.16	128.09
Total Assets	5,680	5,370	5,309	5,327	5,178	4,550
Interest Bearing Deposits	3,080	2,796	2,867	2,872	2,721	2,399
Institutional Deposits	385.98	385.07	318.83	128.85	168.87	185.94
Non-Interest Bearing Deposits	1,512	1,518	1,483	1,759	1,750	1,475
Total Deposits	4,978	4,699	4,668	4,759	4,640	4,060
Current Portion of Leases	-	0.77	-	-	-	-
Accrued Interest Payable	89.44	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	-	-	-	-	-	51.29
Total Liabilities	5,078	4,797	4,759	4,842	4,715	4,127
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	2.04	-	36.85	57.21	77.52	77.52
Retained Earnings	614.73	592.43	525.36	449.93	387.33	333.07
Comprehensive Income & Other	-14.47	-19.37	-12.46	-21.84	-1.72	13.07
Shareholders' Equity	602.31	573.07	549.76	485.31	463.14	423.67
Total Liabilities & Equity	5,680	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)	596.94	199.98	397.53	574.45	701.02	368.61
Net Cash Growth	-4.96%	-49.70%	-30.80%	-18.06%	90.18%	31.92%
Net Cash Per Share	828.99	273.60	524.91	738.62	887.76	464.63
Filing Date Shares Outstanding	0.7	0.7	0.74	0.76	0.79	0.79
Total Common Shares Outstanding	0.7	0.7	0.75	0.77	0.79	0.79
Book Value Per Share	861.55	818.91	735.00	631.63	586.51	536.53
Tangible Book Value	589.57	560.2	536.34	471.32	448.55	408.47
Tangible Book Value Per Share	843.33	800.52	717.05	613.42	568.04	517.28

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