FARMERS & MERCHANTS BANCORP INC
For the period ended Oct 22, 2026. Filed Oct 22, 2026.
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Oct 22, 2026 · Filed Oct 22, 2026
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FMAO$36.35-0.1%Stored close · as of Nov 6, 2026
Contents
EX-99 · SELECT FINANCIAL DATA
SELECT FINANCIAL DATA
| For the Three Months Ended · For the Nine Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected financial data · September30, 2026 · June30, 2026 · March31, 2026 · December31, 2025 · September30, 2025 · September30, 2026 · September30, 2025 | ||||||||||||
| Return on average assets | 1.29% | 1.34% | 1.14% | 1.14% | 1.05% | 1.25% | 0.94% | |||||
| Return on average equity | 11.76% | 12.37% | 10.31% | 10.55% | 9.83% | 11.45% | 8.99% | |||||
| Yield on earning assets | 5.61% | 5.48% | 5.38% | 5.55% | 5.62% | 5.50% | 5.42% | |||||
| Cost of interest-bearing liabilities | 2.59% | 2.56% | 2.54% | 2.69% | 2.83% | 2.56% | 2.84% | |||||
| Net interest spread | 3.02% | 2.92% | 2.84% | 2.86% | 2.79% | 2.94% | 2.58% | |||||
| Net interest margin | 3.57% | 3.48% | 3.42% | 3.46% | 3.40% | 3.50% | 3.22% | |||||
| Efficiency ratio | 58.09% | 56.08% | 60.08% | 58.38% | 63.11% | 58.15% | 64.87% | |||||
| Dividend payout ratio | 29.45% | 26.53% | 32.62% | 31.90% | 34.90% | 29.34% | 38.64% | |||||
| Tangible book value per share | $ | 21.62 | $ | 21.41 | $ | 20.76 | $ | 20.40 | $ | 19.71 | ||
| Tier 1 leverage ratio | 9.14% | 8.99% | 9.02% | 8.81% | 8.74% | |||||||
| Average shares outstanding | 13,779,936 | 13,773,387 | 13,754,684 | 13,749,420 | 13,733,858 | 13,769,428 | 13,720,168 | |||||
| Loans · September 30, 2026 · June 30, 2026 · March 31, 2026 · December 30, 2025 · September 30, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Dollar amounts in thousands) | ||||||||||
| Commercial real estate | $ | 1,321,021 | $ | 1,308,600 | $ | 1,315,549 | $ | 1,355,571 | $ | 1,355,166 |
| Agricultural real estate | 210,321 | 208,223 | 215,846 | 217,034 | 222,145 | |||||
| Consumer real estate | 548,913 | 533,438 | 534,987 | 526,439 | 522,416 | |||||
| Commercial and industrial | 343,720 | 337,487 | 309,046 | 314,405 | 296,084 | |||||
| Agricultural | 245,639 | 244,611 | 228,730 | 218,050 | 179,361 | |||||
| Consumer | 47,251 | 50,953 | 55,576 | 58,838 | 60,469 | |||||
| Other | 22,089 | 22,574 | 22,564 | 23,133 | 24,086 | |||||
| Less: Net deferred loan fees costs and other (1) | (1,635) | (1,419) | (1,436) | (1,511) | (1,452) | |||||
| Total loans, net | $ | 2,737,319 | $ | 2,704,467 | $ | 2,680,862 | $ | 2,711,959 | $ | 2,658,275 |
| (1) Excludes carrying value adjustments of ($159) thousand as of September 30, 2026, $546 thousand as of June 30, 2026, $1.1 million as of March 31, 2026, $1.7 million as of December 31, 2025 and $1.9 million as of September 30, 2025 related to interest rate swaps associated with fixed rate loans | ||||||||||
SELECT FINANCIAL DATA (continued)
| Asset quality data · September30, 2026 · June30, 2026 · March31, 2026 · December31, 2025 · September30, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Dollar amounts in thousands) | ||||||||||
| Nonaccrual loans | $ | 6,219 | $ | 7,383 | $ | 11,070 | $ | 11,256 | $ | 5,155 |
| 90 day past due and accruing | $ | - | $ | - | $ | - | $ | - | $ | - |
| Nonperforming loans | $ | 6,219 | $ | 7,383 | $ | 11,070 | $ | 11,256 | $ | 5,155 |
| Other real estate owned | $ | - | $ | - | $ | 319 | $ | - | $ | - |
| Nonperforming assets | $ | 6,219 | $ | 7,383 | $ | 11,389 | $ | 11,256 | $ | 5,151 |
| Allowance for credit losses - loans | $ | 27,802 | $ | 27,941 | $ | 27,830 | $ | 27,688 | $ | 27,475 |
| Allowance for credit losses - off balance sheet credit exposures | 1,668 | 1,189 | 1,041 | 1,035 | 1,037 | |||||
| Total allowance for credit losses | $ | 29,470 | $ | 29,130 | $ | 28,871 | $ | 28,723 | $ | 28,512 |
| Total allowance for credit losses/ total loans | 1.08% | 1.08% | 1.08% | 1.06% | 1.07% | |||||
| Net charge-offs: | ||||||||||
| Quarter-to-date | $ | 35 | $ | 62 | $ | 160 | $ | 354 | $ | 59 |
| Year-to-date | $ | 257 | $ | 222 | $ | 160 | $ | 734 | $ | 380 |
| Net charge-offs to average loans | ||||||||||
| Quarter-to-date | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | |||||
| Year-to-date | 0.01% | 0.01% | 0.01% | 0.03% | 0.01% | |||||
| Nonperforming loans/total loans | 0.23% | 0.27% | 0.42% | 0.42% | 0.19% | |||||
| Allowance for credit losses/ nonperforming loans | 447.05% | 378.45% | 251.40% | 245.98% | 532.98% | |||||
| NPA coverage ratio | 447.05% | 378.45% | 244.36% | 245.98% | 532.98% | |||||
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