$FMAO
FARMERS & MERCHANTS BANCORP INC

2022 Q3 Form 10-Q Financial Statement

#000156459022026426 Filed on July 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $25.85M $23.91M $21.90M
YoY Change 28.45% 36.4% 30.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.192M $2.242M $2.179M
YoY Change 12.35% 0.67% 7.18%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $910.0K $992.0K $970.0K
YoY Change -24.17% -28.63% -28.68%
% of Gross Profit
Operating Expenses $2.192M $2.242M $2.179M
YoY Change 12.35% 0.67% 7.18%
Operating Profit
YoY Change
Interest Expense $3.264M $2.047M $2.116M
YoY Change 95.22% 31.72% 22.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.21M $10.32M $10.05M
YoY Change 48.56% 63.77% 68.42%
Income Tax $2.253M $2.050M $1.951M
% Of Pretax Income 20.1% 19.86% 19.41%
Net Earnings $8.954M $8.271M $8.102M
YoY Change 51.25% 65.98% 65.04%
Net Earnings / Revenue 34.64% 34.59% 37.0%
Basic Earnings Per Share $0.68 $0.63 $0.62
Diluted Earnings Per Share $0.68 $0.63 $625.0K
COMMON SHARES
Basic Shares Outstanding 13.07M 12.96M 12.96M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $70.67M $71.44M $139.5M
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 $26.48M $26.49M $26.70M
YoY Change -0.06% -1.52% 0.0%
Goodwill $80.43M $80.43M
YoY Change
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 $2.784B $2.675B $2.686B
YoY Change 25.45% 23.44% 34.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $14.91M $18.06M $14.80M
YoY Change 5.77% 43.37% 15.63%
Deferred Revenue
YoY Change
Short-Term Debt $55.80M $71.94M $31.70M
YoY Change 88.52% 140.62% 5.32%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.64M $20.69M $17.30M
YoY Change 9.57% 42.69% 17.69%
LONG-TERM LIABILITIES
Long-Term Debt $44.56M $34.53M $74.50M
YoY Change 29.53%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $44.56M $34.53M $74.50M
YoY Change 29.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.64M $20.69M $17.30M
Total Long-Term Liabilities $44.56M $34.53M $74.50M
Total Liabilities $2.503B $2.394B $2.400B
YoY Change 27.44% 24.92% 37.4%
SHAREHOLDERS EQUITY
Retained Earnings $208.1M $200.8M
YoY Change
Common Stock $121.8M $123.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.55M $11.82M
YoY Change
Treasury Stock Shares $956.5K $998.2K
Shareholders Equity $280.6M $280.9M $286.5M
YoY Change
Total Liabilities & Shareholders Equity $2.784B $2.675B $2.686B
YoY Change 25.45% 23.44% 34.76%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $8.954M $8.271M $8.102M
YoY Change 51.25% 65.98% 65.04%
Depreciation, Depletion And Amortization $910.0K $992.0K $970.0K
YoY Change -24.17% -28.63% -28.68%
Cash From Operating Activities -$466.0K $14.53M $7.897M
YoY Change -103.27% 120.9% 22.53%
INVESTING ACTIVITIES
Capital Expenditures -$722.0K -$534.0K $448.0K
YoY Change 64.09% -19.09% 40.88%
Acquisitions
YoY Change
Other Investing Activities -$109.7M -$70.90M -$108.1M
YoY Change 114.43% -13.76% 17.74%
Cash From Investing Activities -$110.4M -$71.44M -$108.5M
YoY Change 114.0% -13.8% 17.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 110.1M -11.19M 59.32M
YoY Change 148.52% -121.55% -30.59%
NET CHANGE
Cash From Operating Activities -466.0K 14.53M 7.897M
Cash From Investing Activities -110.4M -71.44M -108.5M
Cash From Financing Activities 110.1M -11.19M 59.32M
Net Change In Cash -769.0K -68.09M -41.30M
YoY Change -111.05% 179.19% 19949.03%
FREE CASH FLOW
Cash From Operating Activities -$466.0K $14.53M $7.897M
Capital Expenditures -$722.0K -$534.0K $448.0K
Free Cash Flow $256.0K $15.07M $7.449M
YoY Change -98.26% 108.14% 21.58%

Facts In Submission

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BusinessAcquisitionsProFormaNetInterestIncomeBeforeProvisionForLoanLosses
38895000
CY2022Q2 fmao Business Acquisitions Pro Forma Provision For Loan Losses
BusinessAcquisitionsProFormaProvisionForLoanLosses
1628000
CY2021Q2 fmao Business Acquisitions Pro Forma Provision For Loan Losses
BusinessAcquisitionsProFormaProvisionForLoanLosses
641000
fmao Business Acquisitions Pro Forma Provision For Loan Losses
BusinessAcquisitionsProFormaProvisionForLoanLosses
2208000
fmao Business Acquisitions Pro Forma Provision For Loan Losses
BusinessAcquisitionsProFormaProvisionForLoanLosses
2342000
CY2022Q2 fmao Business Acquisitions Pro Forma Net Interest Income After Provision For Loan Losses
BusinessAcquisitionsProFormaNetInterestIncomeAfterProvisionForLoanLosses
20236000
CY2021Q2 fmao Business Acquisitions Pro Forma Net Interest Income After Provision For Loan Losses
BusinessAcquisitionsProFormaNetInterestIncomeAfterProvisionForLoanLosses
19004000
fmao Business Acquisitions Pro Forma Net Interest Income After Provision For Loan Losses
BusinessAcquisitionsProFormaNetInterestIncomeAfterProvisionForLoanLosses
39439000
fmao Business Acquisitions Pro Forma Net Interest Income After Provision For Loan Losses
BusinessAcquisitionsProFormaNetInterestIncomeAfterProvisionForLoanLosses
36553000
CY2022Q2 fmao Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
3319000
CY2021Q2 fmao Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
4141000
fmao Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
7662000
fmao Business Acquisitions Pro Forma Noninterest Income
BusinessAcquisitionsProFormaNoninterestIncome
9367000
CY2022Q2 fmao Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
13234000
CY2021Q2 fmao Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
13214000
fmao Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
26727000
fmao Business Acquisitions Pro Forma Noninterest Expense
BusinessAcquisitionsProFormaNoninterestExpense
27269000
CY2022Q2 fmao Business Acquisitions Pro Forma Income Loss Before Income Taxes
BusinessAcquisitionsProFormaIncomeLossBeforeIncomeTaxes
10321000
CY2021Q2 fmao Business Acquisitions Pro Forma Income Loss Before Income Taxes
BusinessAcquisitionsProFormaIncomeLossBeforeIncomeTaxes
9931000
fmao Business Acquisitions Pro Forma Income Loss Before Income Taxes
BusinessAcquisitionsProFormaIncomeLossBeforeIncomeTaxes
20374000
fmao Business Acquisitions Pro Forma Income Taxes Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxesExpenseBenefit
4001000
fmao Business Acquisitions Pro Forma Income Taxes Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxesExpenseBenefit
3668000
CY2022Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8271000
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
7885000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
16373000
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
39655000
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
399687000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
433962000
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
241627000
fmao Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
1.25
fmao Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
1.15
CY2022Q2 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
2500000
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
4600000
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
439259000
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
83000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3032000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7063000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
429931000
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
19970000
CY2022Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
148312000
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
39655000
CY2022Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
389939000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4842000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
256800000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2221000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
63659000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7063000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
320459000
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
293000
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
293000
fmao Available For Sale Securities Gross Realized Gain Loss Tax Expenses
AvailableForSaleSecuritiesGrossRealizedGainLossTaxExpenses
62000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
6479000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
6423000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
182012000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
170399000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
143265000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
127389000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
1509000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1495000
CY2022Q2 fmao Available For Sale Debt Securities Amortized Cost Basis Excluding Mortgage Backed Securities
AvailableForSaleDebtSecuritiesAmortizedCostBasisExcludingMortgageBackedSecurities
333265000
CY2022Q2 fmao Available For Sale Securities Debt Maturities Fair Value Excluding Mortgage Backed Securities
AvailableForSaleSecuritiesDebtMaturitiesFairValueExcludingMortgageBackedSecurities
305706000
CY2022Q2 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
93981000
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
439259000
CY2022Q2 fmao Mortgage Backed Securities Available For Sale Amortized Cost
MortgageBackedSecuritiesAvailableForSaleAmortizedCost
105994000
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
399687000
CY2022Q2 us-gaap Debt Securities
DebtSecurities
130000000.0
CY2021Q4 us-gaap Debt Securities
DebtSecurities
115000000.0
CY2021Q4 us-gaap Other Investments
OtherInvestments
3000000.0
CY2022Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
2036370000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1859157000
CY2022Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-1552000
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-1738000
CY2022Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2034818000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1857419000
CY2022Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
18424000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16242000
CY2022Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
2016394000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1841177000
CY2022Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2034818000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1857419000
CY2022Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5247000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8076000
CY2022Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5680000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1228000
CY2021Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
3063000
CY2022Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
4989000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
10711000
CY2021Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
8976000
CY2022Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
10669000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
11939000
CY2021Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12039000
CY2022Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2419000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2184000
CY2021Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1156000
CY2022Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5247000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8076000
CY2021Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7031000
CY2022Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2021Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9748000
CY2021Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11676000
CY2021Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12206000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11258000
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12247000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12836000
CY2022Q2 fmao Additional Funds Available To Be Advanced In Connection With Impaired Loans
AdditionalFundsAvailableToBeAdvancedInConnectionWithImpairedLoans
0
CY2022Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
2700000
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
7600000
CY2021Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
5500000
CY2022Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
CY2021Q2 fmao Financing Receivables Impaired Number Of Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedNumberOfTroubledDebtRestructuringWriteDown
2
CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2021Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
fmao Maximum Time For Reevaluation
MaximumTimeForReevaluation
P12M
fmao Re Evaluation Period For Real Estate
ReEvaluationPeriodForRealEstate
P2Y
fmao Unsecured Consumer Loans Credit Card Credits And Overdraft
UnsecuredConsumerLoansCreditCardCreditsAndOverdraft
P90D
fmao Delinquent Period For Charging Down Consumer Loans
DelinquentPeriodForChargingDownConsumerLoans
P90D
fmao Delinquent Period For Charging Down Or Allocated Commercial And Agricultural Credits
DelinquentPeriodForChargingDownOrAllocatedCommercialAndAgriculturalCredits
P120D
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16242000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13672000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2208000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3444000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
211000
CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1332000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
185000
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
458000
CY2022Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
18424000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16242000
CY2022Q2 fmao Allowance For Unfunded Loan Commitments And Letters Of Credit
AllowanceForUnfundedLoanCommitmentsAndLettersOfCredit
1167000
CY2021Q4 fmao Allowance For Unfunded Loan Commitments And Letters Of Credit
AllowanceForUnfundedLoanCommitmentsAndLettersOfCredit
1041000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19591000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17283000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17847000
CY2022Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
117000
CY2022Q2 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
142000
CY2022Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1628000
CY2022Q2 fmao Other Non Interest Income Expense Recovery Related To Unfunded
OtherNonInterestIncomeExpenseRecoveryRelatedToUnfunded
91000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19591000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2419000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
17172000
CY2022Q2 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQualityEndingPeriod
0
CY2022Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2034818000
CY2022Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
10669000
CY2022Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2023141000
CY2022Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1008000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17283000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2184000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15099000
CY2021Q4 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQualityEndingPeriod
37000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1857419000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11939000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1844031000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15477000
CY2021Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
38000
CY2021Q2 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
59000
CY2021Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
641000
CY2021Q2 fmao Other Non Interest Income Expense Recovery Related To Unfunded
OtherNonInterestIncomeExpenseRecoveryRelatedToUnfunded
93000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16232000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1156000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
15076000
CY2021Q2 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQualityEndingPeriod
0
CY2021Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1458423000
CY2021Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12039000
CY2021Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1444645000
CY2021Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1739000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17283000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
211000
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
185000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2208000
fmao Other Non Interest Income Expense Recovery Related To Unfunded
OtherNonInterestIncomeExpenseRecoveryRelatedToUnfunded
126000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
19591000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2419000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
17172000
CY2021Q2 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQualityEndingPeriod
0
CY2022Q2 fmao Financing Receivable Allowance For Credit Losses Acquired With Deteriorated Credit Quality Ending Period
FinancingReceivableAllowanceForCreditLossesAcquiredWithDeterioratedCreditQualityEndingPeriod
0
CY2022Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
2034818000
CY2021Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1458423000
CY2021Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12039000
CY2022Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
10669000
CY2022Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2023141000
CY2021Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1444645000
CY2021Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1739000
CY2022Q2 us-gaap Notes Receivable Net
NotesReceivableNet
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us-gaap Net Income Loss
NetIncomeLoss
9892000
CY2022Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-14602000
CY2022Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-3067000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11535000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3264000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
213000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
286478000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
219000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
280873000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
175706000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71439000
us-gaap Interest Paid Net
InterestPaidNet
5647000
us-gaap Interest Paid Net
InterestPaidNet
3085000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3060000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3520000
us-gaap Interest Income Securities Us Treasury And Other Us Government
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
1608000
CY2021Q4 us-gaap Liabilities
Liabilities
2341133000
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11724000
CY2022Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22388000
CY2022Q2 us-gaap Advertising Expense
AdvertisingExpense
300000
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1449000
fmao Business Acquisitions Pro Forma Income Loss Before Income Taxes
BusinessAcquisitionsProFormaIncomeLossBeforeIncomeTaxes
18651000
CY2022Q2 fmao Business Acquisitions Pro Forma Income Taxes Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxesExpenseBenefit
2050000
CY2021Q2 fmao Business Acquisitions Pro Forma Income Taxes Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxesExpenseBenefit
2046000

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