2014 Q4 Form 10-K Financial Statement

#000119312516474789 Filed on February 24, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $8.519M $8.471M $8.304M
YoY Change 4.95% 7.99% 6.94%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.495M $1.444M
YoY Change 8.18% 0.42%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $580.0K $570.0K
YoY Change -6.98% 20.83% 14.0%
% of Gross Profit
Operating Expenses $1.495M $1.444M
YoY Change 8.18% 0.42%
Operating Profit
YoY Change
Interest Expense $907.0K $895.0K $970.0K
YoY Change -14.27% -20.73% -18.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.775M $3.476M $3.436M
YoY Change 19.8% 21.67% -2.14%
Income Tax $1.114M $1.002M $881.0K
% Of Pretax Income 29.51% 28.83% 25.64%
Net Earnings $2.661M $2.474M $2.553M
YoY Change 16.35% 19.75% 2.04%
Net Earnings / Revenue 31.24% 29.21% 30.74%
Basic Earnings Per Share $0.57 $0.54 $0.55
Diluted Earnings Per Share $287.6K $267.3K $275.7K
COMMON SHARES
Basic Shares Outstanding 4.627M shares 4.621M shares 4.626M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $24.30M $17.28M $19.10M
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 $20.30M $20.29M $19.96M
YoY Change 8.5% 9.98% 9.16%
Goodwill $4.074M $4.074M $4.074M
YoY Change 0.0% 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 $941.2M $925.2M $948.2M
YoY Change -2.56% -0.31% 2.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $7.200M $5.100M $5.600M
YoY Change 28.57% -7.27% 19.15%
Deferred Revenue
YoY Change
Short-Term Debt $56.00M $62.20M $70.10M
YoY Change -19.77% 1.47% 28.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.200M $6.100M $6.600M
YoY Change 24.24% -4.69% 17.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.200M $6.100M $6.600M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $826.7M $813.2M $837.7M
YoY Change -3.57% -0.87% 2.78%
SHAREHOLDERS EQUITY
Retained Earnings $113.8M $112.1M $110.5M
YoY Change 5.42% 5.13% 4.79%
Common Stock $12.22M $12.68M $12.68M
YoY Change -0.73% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.93M $11.92M $12.19M
YoY Change 2.73% 7.27% 14.17%
Treasury Stock Shares 572.7K shares 572.2K shares 585.3K shares
Shareholders Equity $114.5M $112.0M $110.5M
YoY Change
Total Liabilities & Shareholders Equity $941.2M $925.2M $948.2M
YoY Change -2.56% -0.31% 2.81%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $2.661M $2.474M $2.553M
YoY Change 16.35% 19.75% 2.04%
Depreciation, Depletion And Amortization $400.0K $580.0K $570.0K
YoY Change -6.98% 20.83% 14.0%
Cash From Operating Activities $6.100M $3.480M $6.900M
YoY Change 15.53% 47.46% 81.58%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K -$710.0K -$1.780M
YoY Change -11.54% 42.0% 104.6%
Acquisitions
YoY Change
Other Investing Activities -$9.290M $20.38M $5.750M
YoY Change -29.19% -454.43% -132.18%
Cash From Investing Activities -$9.520M $19.67M $3.970M
YoY Change -28.9% -414.72% -121.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.44M -24.97M -19.35M
YoY Change 79.07% -943.58% -3.83%
NET CHANGE
Cash From Operating Activities 6.100M 3.480M 6.900M
Cash From Investing Activities -9.520M 19.67M 3.970M
Cash From Financing Activities 10.44M -24.97M -19.35M
Net Change In Cash 7.020M -1.820M -8.480M
YoY Change -407.89% 95.7% -75.81%
FREE CASH FLOW
Cash From Operating Activities $6.100M $3.480M $6.900M
Capital Expenditures -$230.0K -$710.0K -$1.780M
Free Cash Flow $6.330M $4.190M $8.680M
YoY Change 14.26% 46.5% 85.87%

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CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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13114000
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CY2015Q4 us-gaap Goodwill
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CY2015Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
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CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2015Q4 us-gaap Financing Receivable Recorded Investment Past Due
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CY2015Q4 us-gaap Property Plant And Equipment Gross
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CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2015Q4 us-gaap Servicing Asset At Amortized Value
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CY2015Q4 fmao Allowance For Unfunded Loan Commitments And Letters Of Credit
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CY2015Q4 fmao Impaired Loans Classified As Troubled Debt Restructured
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CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Premises And Equipment
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CY2015Q4 fmao Available For Sale Securities Debt Maturities Fair Value Excluding Mortgage Backed Securities
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CY2015Q4 fmao Reserve Federal Reserve Bank
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CY2015Q4 fmao Recognition Of Core Deposit Intangible Asset With Acquired Purchase
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2260000
CY2015Q4 fmao Capitalized Service Right Assets Fair Market Value
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CY2015Q4 fmao Cet1
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CY2015Q4 fmao Deferred Tax Liabilities Net Unrealized Gain On Available For Sale Securities
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109000
CY2015Q4 fmao Residential Mortgage Loan
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CY2015Q4 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
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CY2015Q4 fmao Common Equity Tier1 To Risk Weighted Assets
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CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deposits
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29466000
CY2015Q4 fmao Deferred Tax Liabilities Fhlb Stock Dividends
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CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Interest Receivable
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CY2015Q4 fmao Available For Sale Debt Securities Amortized Cost Basis Excluding Mortgage Backed Securities
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208636000
CY2015Q4 fmao Capitalized Service Right Assets Included In Other Assets
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2100000
CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Core Deposit Intangible Asset
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1171000
CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets
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CY2015Q4 fmao Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deposit Liabilities
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17000
CY2015Q4 fmao Deferred Tax Liabilities Accreted Discounts On Bonds
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CY2015Q4 fmao Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds Based On Current Pledging
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4100000
CY2015Q4 fmao Common Equity Tier1 Capital Required For Capital Adequacy
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36626000
CY2015Q4 fmao Common Equity Tier1 Capital Required For Capital Adequacy To Risk Weighted Assets
CommonEquityTier1CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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16993000
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2013 us-gaap Earnings Per Share Basic And Diluted
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CY2013 us-gaap Common Stock Dividends Per Share Declared
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CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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2063000
CY2013 us-gaap Net Income Loss
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CY2013 us-gaap Interest Income Securities State And Municipal
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CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013 us-gaap Gains Losses On Sales Of Assets
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CY2013 us-gaap Payments For Proceeds From Loans And Leases
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CY2013 us-gaap Interest Paid
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CY2013 us-gaap Interest And Fee Income Loans And Leases
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CY2013 us-gaap Interest Income Expense Net
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CY2013 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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CY2013 us-gaap Available For Sale Securities Gross Realized Gains
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839000
CY2013 us-gaap Payments For Repurchase Of Common Stock
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2013 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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CY2013 us-gaap Fees And Commissions
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CY2013 us-gaap Income Taxes Paid
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CY2013 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2013 us-gaap Interest Income Securities Us Treasury And Other Us Government
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CY2013 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2013 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2013 us-gaap Interest And Dividend Income Operating
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775000
CY2013 us-gaap Servicing Fees Net
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CY2013 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2013 us-gaap Transfer Of Other Real Estate
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CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
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253000
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CY2013 us-gaap Interest And Dividend Income Securities
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CY2013 us-gaap Share Based Compensation
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CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2013 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Employee Benefits And Share Based Compensation
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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34000
CY2013 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
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CY2013 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
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CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2013 us-gaap Provision For Loan And Lease Losses
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CY2013 us-gaap Available For Sale Securities Gross Realized Losses
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CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2013 us-gaap Occupancy Net
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CY2013 us-gaap Current Federal Tax Expense Benefit
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CY2013 us-gaap Amortization Of Intangible Assets
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CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2013 us-gaap Dividends Common Stock Cash
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CY2013 us-gaap Salaries And Wages
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CY2013 us-gaap Information Technology And Data Processing
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CY2013 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2013 us-gaap Taxes Excluding Income And Excise Taxes
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CY2013 us-gaap Depreciation Nonproduction
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CY2013 fmao Available For Sale Securities Gross Realized Gain Loss Tax Expenses
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264000
CY2014 us-gaap Earnings Per Share Basic And Diluted
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CY2014 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
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CY2014 us-gaap Common Stock Dividends Per Share Declared
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CY2014 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
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0.096 pure
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014 us-gaap Net Income Loss
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CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2014 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
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207000
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CY2015 dei Document Fiscal Period Focus
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FY
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14809000
CY2015 dei Document Fiscal Year Focus
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2015
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false
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4617058 shares
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2.24
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CY2015 dei Document Type
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10-K
CY2015 dei Entity Central Index Key
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0000792966
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CY2015 dei Entity Filer Category
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Accelerated Filer
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35000 shares
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CY2015 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'; MARGIN-LEFT: 125px; WIDOWS: 1; MARGIN-TOP: 0pt; 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: 10pt; 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="84%" align="center" border="0"> <tr> <td width="49%"></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="6%"></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">December&#xA0;31, 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" 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" 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"><font style="WHITE-SPACE: nowrap">30-90&#xA0;days</font></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> Greater&#xA0;Than<br /> <u>90 days</u></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" 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"> Federal funds Purchased</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">22,000</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</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">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</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">22,000</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Repurchase Agreements</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></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: 3em; TEXT-INDENT: -1em"> US Treasury&#xA0;&amp; agency securities</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">39,691</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</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">&#xA0;</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">&#xA0;</td> <td valign="bottom" align="right">17,124</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">56,815</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) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Total</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">61,691</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">$</td> <td valign="bottom" align="right">17,124</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">78,815</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> <br class="Apple-interchange-newline" /> </div>
CY2015 dei Entity Registrant Name
EntityRegistrantName
FARMERS & MERCHANTS BANCORP INC
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CommonStockDividendsPerShareDeclared
0.87
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CurrentFiscalYearEndDate
--12-31
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
16000 shares
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 0pt"> <b>Reclassification</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> Certain amounts in the 2014 and 2013 consolidated financial statements have been reclassified to conform with the 2015 presentation.</p> </div>
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4582058 shares
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of mortgage servicing rights, goodwill, available for sale investment securities, other real estate owned and impaired loans. Actual results could differ from those estimates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 12pt"> The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 6pt"> The Bank&#x2019;s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors&#x2019; ability to honor their contracts is dependent on local economic conditions in the agricultural industry.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 12pt"> While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.</p> </div>
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CY2015 dei Trading Symbol
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CY2015 fmao Factor Multiplication Of Value Of Goodwill
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5 Multiplier
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1000
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153000
CY2015 fmao Minimum Percentage Of Eligible Compensation On Pre Tax Basis For Eligible Employees To Save
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208000
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P7Y
CY2015 fmao Percentage Of Likelihood Of Realization Of Recognized Tax Benefit Minimum
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0.50 pure
CY2015 fmao Delinquent Period For Charging Down Consumer Loans
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P120D
CY2015 fmao Delinquent Period For Charging Down Commercial And Agricultural Credits
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CY2015 fmao Maximum Time For Reevaluation
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CY2015 fmao Dividends May Be Paid Without Prior Regulatory Approval
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12300000
CY2015 fmao Unpledged Securities
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Interest And Dividend Income Operating
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CY2015Q4 us-gaap Income Tax Expense Benefit
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1049000
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InterestExpense
923000
CY2015Q4 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
85000

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