$FMAO
FARMERS & MERCHANTS BANCORP INC

2024 Q3 Form 10-Q Financial Statement

#000095017024092627 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $41.90M $41.17M
YoY Change 15.24% 23.34%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.128M $1.495M
YoY Change -52.26% -43.44%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.737M $1.620M
YoY Change 18.16% 12.42%
% of Gross Profit
Operating Expenses $1.128M $1.495M
YoY Change -52.26% -43.44%
Operating Profit
YoY Change
Interest Expense $19.79M
YoY Change 49.26%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.109M $7.159M
YoY Change 37.49% -4.95%
Income Tax $1.593M $1.477M
% Of Pretax Income 19.64% 20.63%
Net Earnings $6.516M $5.682M
YoY Change 36.4% -4.26%
Net Earnings / Revenue 15.55% 13.8%
Basic Earnings Per Share $0.48 $0.42
Diluted Earnings Per Share $0.48 $0.42
COMMON SHARES
Basic Shares Outstanding 13.68M 13.68M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $245.5M $193.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $33.78M $34.51M
YoY Change 6.48% 5.56%
Goodwill $86.36M $86.36M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.389B $3.323B
YoY Change 4.78% 5.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $40.83M $27.83M
YoY Change 86.45% 53.08%
Deferred Revenue
YoY Change
Short-Term Debt $27.29M $27.22M
YoY Change -10.52% -47.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.12M $58.02M
YoY Change 28.84% -20.06%
LONG-TERM LIABILITIES
Long-Term Debt $34.79M $34.76M
YoY Change 0.26% 0.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $34.79M $34.76M
YoY Change 0.26% 0.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.12M $58.02M
Total Long-Term Liabilities $34.79M $34.76M
Total Liabilities $3.054B $3.000B
YoY Change 4.17% 5.53%
SHAREHOLDERS EQUITY
Retained Earnings $230.5M $226.4M
YoY Change 5.47% 4.71%
Common Stock $135.2M $135.8M
YoY Change 0.02% 0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.90M $11.01M
YoY Change -0.94% -2.58%
Treasury Stock Shares
Shareholders Equity $335.4M $322.7M
YoY Change
Total Liabilities & Shareholders Equity $3.389B $3.323B
YoY Change 4.78% 5.57%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $6.516M $5.682M
YoY Change 36.4% -4.26%
Depreciation, Depletion And Amortization $1.737M $1.620M
YoY Change 18.16% 12.42%
Cash From Operating Activities $18.66M $9.718M
YoY Change 289.62% 163.36%
INVESTING ACTIVITIES
Capital Expenditures $357.0K $566.0K
YoY Change -89.12% -82.79%
Acquisitions
YoY Change
Other Investing Activities -$3.336M -$28.84M
YoY Change 147.11% -58.77%
Cash From Investing Activities -$3.693M -$29.41M
YoY Change -20.06% -59.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.47M 24.97M
YoY Change -54.2% -67.31%
NET CHANGE
Cash From Operating Activities 18.66M 9.718M
Cash From Investing Activities -3.693M -29.41M
Cash From Financing Activities 37.47M 24.97M
Net Change In Cash 52.44M 5.286M
YoY Change -36.04% -23.03%
FREE CASH FLOW
Cash From Operating Activities $18.66M $9.718M
Capital Expenditures $357.0K $566.0K
Free Cash Flow $18.31M $9.152M
YoY Change 1112.32% 2176.62%

Facts In Submission

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FARMERS & MERCHANTS BANCORP, INC.
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CY2024Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
265000
CY2023Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
379000
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
820000
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
745000
CY2024Q2 fmao Atm Expense
AtmExpense
397000
CY2023Q2 fmao Atm Expense
AtmExpense
683000
fmao Atm Expense
AtmExpense
870000
fmao Atm Expense
AtmExpense
1306000
CY2024Q2 us-gaap Advertising Expense
AdvertisingExpense
519000
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
830000
us-gaap Advertising Expense
AdvertisingExpense
1049000
us-gaap Advertising Expense
AdvertisingExpense
1344000
CY2024Q2 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
49000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
49000
CY2024Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
507000
CY2023Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
496000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1087000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
802000
CY2024Q2 fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
187000
CY2023Q2 fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
164000
fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
355000
fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
323000
CY2024Q2 fmao Loan Expense
LoanExpense
251000
CY2023Q2 fmao Loan Expense
LoanExpense
233000
fmao Loan Expense
LoanExpense
480000
fmao Loan Expense
LoanExpense
568000
CY2024Q2 fmao Consulting Fees
ConsultingFees
198000
CY2023Q2 fmao Consulting Fees
ConsultingFees
231000
fmao Consulting Fees
ConsultingFees
384000
fmao Consulting Fees
ConsultingFees
461000
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
527000
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
325000
us-gaap Professional Fees
ProfessionalFees
972000
us-gaap Professional Fees
ProfessionalFees
741000
CY2024Q2 fmao Intangible Asset Amortization
IntangibleAssetAmortization
444000
CY2023Q2 fmao Intangible Asset Amortization
IntangibleAssetAmortization
444000
fmao Intangible Asset Amortization
IntangibleAssetAmortization
889000
fmao Intangible Asset Amortization
IntangibleAssetAmortization
889000
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1495000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1641000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2828000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3522000
CY2024Q2 us-gaap Noninterest Expense
NoninterestExpense
17296000
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
16844000
us-gaap Noninterest Expense
NoninterestExpense
35137000
us-gaap Noninterest Expense
NoninterestExpense
33775000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7159000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7532000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13937000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15581000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1477000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1531000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2896000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3114000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
5682000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
6001000
us-gaap Net Income Loss
NetIncomeLoss
11041000
us-gaap Net Income Loss
NetIncomeLoss
12467000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
5682000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
6001000
us-gaap Net Income Loss
NetIncomeLoss
11041000
us-gaap Net Income Loss
NetIncomeLoss
12467000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2531000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-5996000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
536000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2034000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-891000
CY2024Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
2531000
CY2023Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-5996000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
536000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
2925000
CY2024Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
531000
CY2023Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-1260000
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
113000
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
614000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4736000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
423000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2311000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7682000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1265000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11464000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14778000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
316543000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
5359000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1577000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
94000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
434000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2975000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
317690000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
5682000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
239000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
320000
CY2024Q2 fmao Stock Issued During Period Directors Stock Awards
StockIssuedDuringPeriodDirectorsStockAwards
186000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2975000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
322664000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
298140000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6466000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7047000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
306000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2831000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
305757000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
6001000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4736000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
300000
CY2023Q2 fmao Stock Issued During Period Directors Stock Awards
StockIssuedDuringPeriodDirectorsStockAwards
180000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2834000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
304663000
us-gaap Profit Loss
ProfitLoss
11041000
us-gaap Profit Loss
ProfitLoss
12467000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
1979000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
1667000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-628000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-778000
fmao Capitalized Additions To Servicing Rights
CapitalizedAdditionsToServicingRights
211000
fmao Capitalized Additions To Servicing Rights
CapitalizedAdditionsToServicingRights
2409000
fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
355000
fmao Amortization Accretion Of Mortgage Servicing Rights Ms Rs
AmortizationAccretionOfMortgageServicingRightsMSRs
323000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
828000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
828000
fmao Amortization Of Customer List Intangible
AmortizationOfCustomerListIntangible
61000
fmao Amortization Of Customer List Intangible
AmortizationOfCustomerListIntangible
61000
fmao Amortization Accretion Of Fair Value Adjustments
AmortizationAccretionOfFairValueAdjustments
-1354000
fmao Amortization Accretion Of Fair Value Adjustments
AmortizationAccretionOfFairValueAdjustments
-1901000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
57000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
58000
us-gaap Share Based Compensation
ShareBasedCompensation
754000
us-gaap Share Based Compensation
ShareBasedCompensation
606000
fmao Share Based Compensation Director Stock Awards
ShareBasedCompensationDirectorStockAwards
186000
fmao Share Based Compensation Director Stock Awards
ShareBasedCompensationDirectorStockAwards
180000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
316000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
960000
fmao Provision For Credit Lossesoff Balance Sheet Credit Exposures
ProvisionForCreditLossesoffBalanceSheetCreditExposures
-284000
fmao Provision For Credit Lossesoff Balance Sheet Credit Exposures
ProvisionForCreditLossesoffBalanceSheetCreditExposures
-67000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
421000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
175000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
23376000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
14980000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
23745000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
14523000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
5000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
49000
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-891000
fmao Increase In Cash Surrender Value Of Bank Owned Life Insurance
IncreaseInCashSurrenderValueOfBankOwnedLifeInsurance
452000
fmao Increase In Cash Surrender Value Of Bank Owned Life Insurance
IncreaseInCashSurrenderValueOfBankOwnedLifeInsurance
397000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2597000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6648000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11201000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6765000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
13700000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6856000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
21963000
fmao Payments To Acquire Available For Sale Securities Debt Including Adjustment For Securities Acquired In Acquisition
PaymentsToAcquireAvailableForSaleSecuritiesDebtIncludingAdjustmentForSecuritiesAcquiredInAcquisition
20523000
fmao Proceeds To Acquire Sales Of Other Securities
ProceedsToAcquireSalesOfOtherSecurities
399000
fmao Payments To Acquire Sales Of Other Securities
PaymentsToAcquireSalesOfOtherSecurities
1138000
fmao Payments To Acquire Sales Of Other Securities
PaymentsToAcquireSalesOfOtherSecurities
8135000
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
1174000
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-481000
us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
957000
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
85000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
785000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5719000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-20914000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
157793000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12946000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-141472000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
33627000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
430000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-1000000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-2639000
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
15000000
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
345000000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
14625000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
205632000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
10000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
333000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5949000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5663000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26720000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
121491000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50867000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13216000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
142201000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
84409000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
193068000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71193000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
21463000
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
4000000
CY2023Q1 us-gaap Dividends
Dividends
2834000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-left:6.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Reclassification</span></p><p style="margin-left:6.667%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain amounts within the noninterest income and noninterest expense section of the Company's consolidated statements of income have been reclassified to conform with current year presentation to provide additional information to the reader.</span></p>
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
125
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
401398000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
53000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
36242000
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
365209000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
395203000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
136000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
36861000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
358478000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
201000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
19576000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
36041000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
333026000
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
36242000
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
352602000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
26000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
5797000
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CY2024Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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32000
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69000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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NetIncomeLossAvailableToCommonStockholdersBasic
5935000
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Issued Basic
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us-gaap Weighted Average Number Of Shares Issued Basic
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CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
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us-gaap Weighted Average Number Of Shares Restricted Stock
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us-gaap Weighted Average Number Of Shares Restricted Stock
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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0.42
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us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
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us-gaap Affordable Housing Project Investment Nature Of Write Down
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CY2021Q3 us-gaap Debt Instrument Frequency Of Periodic Payment
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1
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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