2015 Q3 Form 10-Q Financial Statement

#000119312515355587 Filed on October 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $8.444M $8.471M
YoY Change -0.32% 7.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.475M $1.495M
YoY Change -1.34% 8.18%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $580.0K $580.0K
YoY Change 0.0% 20.83%
% of Gross Profit
Operating Expenses $1.475M $1.495M
YoY Change -1.34% 8.18%
Operating Profit
YoY Change
Interest Expense $935.0K $895.0K
YoY Change 4.47% -20.73%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.581M $3.476M
YoY Change 3.02% 21.67%
Income Tax $961.0K $1.002M
% Of Pretax Income 26.84% 28.83%
Net Earnings $2.620M $2.474M
YoY Change 5.9% 19.75%
Net Earnings / Revenue 31.03% 29.21%
Basic Earnings Per Share $0.57 $0.54
Diluted Earnings Per Share $286.0K $267.3K
COMMON SHARES
Basic Shares Outstanding 4.615M shares 4.621M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.28M
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 $20.11M $20.29M
YoY Change -0.92% 9.98%
Goodwill $4.074M $4.074M
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 $957.5M $925.2M
YoY Change 3.49% -0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $7.500M $5.100M
YoY Change 47.06% -7.27%
Deferred Revenue
YoY Change
Short-Term Debt $61.50M $62.20M
YoY Change -1.13% 1.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.500M $6.100M
YoY Change 39.34% -4.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.500M $6.100M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $838.0M $813.2M
YoY Change 3.05% -0.87%
SHAREHOLDERS EQUITY
Retained Earnings $118.4M $112.1M
YoY Change 5.68% 5.13%
Common Stock $12.98M $12.68M
YoY Change 2.36% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.05M $11.92M
YoY Change 9.49% 7.27%
Treasury Stock Shares 575.6K shares 572.2K shares
Shareholders Equity $119.5M $112.0M
YoY Change
Total Liabilities & Shareholders Equity $957.5M $925.2M
YoY Change 3.49% -0.31%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $2.620M $2.474M
YoY Change 5.9% 19.75%
Depreciation, Depletion And Amortization $580.0K $580.0K
YoY Change 0.0% 20.83%
Cash From Operating Activities $5.240M $3.480M
YoY Change 50.57% 47.46%
INVESTING ACTIVITIES
Capital Expenditures -$250.0K -$710.0K
YoY Change -64.79% 42.0%
Acquisitions
YoY Change
Other Investing Activities -$4.770M $20.38M
YoY Change -123.41% -454.43%
Cash From Investing Activities -$5.020M $19.67M
YoY Change -125.52% -414.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.910M -24.97M
YoY Change -135.68% -943.58%
NET CHANGE
Cash From Operating Activities 5.240M 3.480M
Cash From Investing Activities -5.020M 19.67M
Cash From Financing Activities 8.910M -24.97M
Net Change In Cash 9.130M -1.820M
YoY Change -601.65% 95.7%
FREE CASH FLOW
Cash From Operating Activities $5.240M $3.480M
Capital Expenditures -$250.0K -$710.0K
Free Cash Flow $5.490M $4.190M
YoY Change 31.03% 46.5%

Facts In Submission

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dei Document Type
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dei Entity Central Index Key
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dei Entity Filer Category
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us-gaap Weighted Average Number Of Shares Restricted Stock
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us-gaap Schedule Of Repurchase Agreements
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<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The table below shows the remaining contractual maturity in the repurchase agreements.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> &#xA0;</p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="61%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="18" align="center">September&#xA0;30, 2015</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="18" align="center">Remaining Contratual Maturity of the Agreements</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"> Overnight&#xA0;&amp;<br /> Continuous</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"> Up&#xA0;to&#xA0;30&#xA0;days</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">30-90&#xA0;days</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"> Greater&#xA0;Than&#xA0;90<br /> days</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">Total</td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Repurchase Agreements US Treasury &amp; agency securities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">44,465</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">17,039</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">61,504</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
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FARMERS & MERCHANTS BANCORP INC
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2015-09-30
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FMAO
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NoninterestIncome
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InterestAndDividendIncomeSecurities
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FederalDepositInsuranceCorporationPremiumExpense
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CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2015Q3 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
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CY2015Q3 us-gaap Provision For Loan And Lease Losses
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172000
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CY2015Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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-243000
CY2014Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
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1730000

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