Farmers & Merchants Bancorp Inc
ir.fm.bankFarmers & Merchants Bancorp Inc (NASDAQ: FMAO) is a bank holding company that operates a community bank serving markets across Ohio, Indiana, and Michigan. The company earns revenue primarily through net interest income on loans and deposits, with additional fee income from deposit services, digital banking, and custodial accounts. The bank held a 5.14% deposit market share, ranked 4th, in its served markets as of June 30, 2025. Its primary market spans 11 Ohio counties, 6 Indiana counties, and Oakland County in Michigan. The bank competes directly against Huntington National Bank, Fifth Third Bank, PNC, Wells Fargo, KeyBank, and JPMorgan Chase, along with credit unions, farm credit services, and savings and loan institutions. As of December 31, 2025, the company employed 474 full-time equivalent employees. The bank was classified as well capitalized under FDICIA prompt corrective action guidelines as of December 31, 2025.
Products & Services
Commercial and agricultural loans, consumer loans (auto, boat, RV, motorcycle), residential mortgage loans (1-4 family), checking accounts, savings accounts, certificates of deposit, IRAs, HSAs, ATM and ITM services, online and mobile banking, bill pay, ACH and wire origination, remote deposit capture, floor plan lending.
Revenue Model
Net interest income from commercial, agricultural, consumer, and real estate loans, supplemented by fee income from checking accounts, certificates of deposit, IRA and HSA custodial services, wire and ACH transaction services, remote deposit capture, and digital banking products.
Customers & Markets
Retail consumers, small and mid-size businesses, agricultural borrowers, and commercial clients in Ohio, Indiana, and Michigan community markets.
Geographic Exposure
Primary markets in Ohio counties of Butler, Champaign, Defiance, Fulton, Hancock, Henry, Lucas, Shelby, Williams, and Wood; Indiana counties of Adams, Allen, DeKalb, Jay, Steuben, and Wells; Oakland County, Michigan.
Financial Snapshot
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