$FMCB
FARMERS & MERCHANTS BANCORP

2022 Q4 Form 10-Q Financial Statement

#000114036122040327 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $51.71M $40.10M
YoY Change 28.97% 0.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $579.0K $579.0K $800.0K
YoY Change -12.27% -27.62% -8.05%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.256M $1.007M
YoY Change 24.73% -51.91%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $27.17M $26.14M $23.37M
YoY Change 27.25% 11.88% 18.28%
Income Tax $7.114M $6.605M $5.864M
% Of Pretax Income 26.19% 25.27% 25.1%
Net Earnings $20.05M $19.54M $17.50M
YoY Change 25.57% 11.62% 18.18%
Net Earnings / Revenue 37.78% 43.65%
Basic Earnings Per Share $25.20 $22.16
Diluted Earnings Per Share $26.11 $25.20 $22.16
COMMON SHARES
Basic Shares Outstanding 769.4K 775.2K 789.6K
Diluted Shares Outstanding 775.1K 789.6K

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $588.3M $882.9M $870.8M
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 $49.48M $49.18M $48.58M
YoY Change 3.66% 1.24% -1.29%
Goodwill $11.18M $11.18M
YoY Change 0.0%
Intangibles $2.809M $2.957M
YoY Change -17.43%
Long-Term Investments
YoY Change
Other Assets $31.51M $34.41M
YoY Change 23.56%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.327B $5.467B $5.103B
YoY Change 2.89% 7.13% 18.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.51M $79.04M $65.60M
YoY Change 20.85% 20.48% 19.06%
Accrued Expenses $4.300M
YoY Change -6.52%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $72.51M $79.04M $69.90M
YoY Change 13.12% 13.07% 17.09%
LONG-TERM LIABILITIES
Long-Term Debt $10.31M $10.31M $10.30M
YoY Change 0.1% 0.1% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.31M $10.31M $10.30M
YoY Change 0.1% 0.1% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.51M $79.04M $69.90M
Total Long-Term Liabilities $10.31M $10.31M $10.30M
Total Liabilities $4.842B $4.999B $4.649B
YoY Change 2.7% 7.53% 19.66%
SHAREHOLDERS EQUITY
Retained Earnings $449.9M $436.3M $377.5M
YoY Change 16.16% 15.56% 16.69%
Common Stock $8.000K $8.000K $8.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $485.3M $468.2M $454.2M
YoY Change
Total Liabilities & Shareholders Equity $5.327B $5.467B $5.103B
YoY Change 2.89% 7.13% 18.62%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $20.05M $19.54M $17.50M
YoY Change 25.57% 11.62% 18.18%
Depreciation, Depletion And Amortization $579.0K $579.0K $800.0K
YoY Change -12.27% -27.62% -8.05%
Cash From Operating Activities $22.10M $28.33M $24.62M
YoY Change 179.8% 15.08% 125.05%
INVESTING ACTIVITIES
Capital Expenditures $872.0K -$2.792M -$620.0K
YoY Change -181.5% 350.32% -72.2%
Acquisitions
YoY Change
Other Investing Activities -$157.1M -$24.13M -$144.3M
YoY Change -31.02% -83.28% 164.59%
Cash From Investing Activities -$158.0M -$26.92M -$144.9M
YoY Change -30.96% -81.42% 155.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -158.8M 133.7M 156.3M
YoY Change -342.03% -14.49% 377.34%
NET CHANGE
Cash From Operating Activities 22.10M 28.33M 24.62M
Cash From Investing Activities -158.0M -26.92M -144.9M
Cash From Financing Activities -158.8M 133.7M 156.3M
Net Change In Cash -294.6M 135.1M 36.05M
YoY Change 89.71% 274.74% -375.82%
FREE CASH FLOW
Cash From Operating Activities $22.10M $28.33M $24.62M
Capital Expenditures $872.0K -$2.792M -$620.0K
Free Cash Flow $21.23M $31.13M $25.24M
YoY Change 136.7% 23.32% 91.65%

Facts In Submission

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FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
3323862000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63617000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
3237177000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61007000
CY2022Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
288342000
CY2022Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
442375000
CY2022Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
327739000
CY2022Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
126780000
CY2022Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
179417000
CY2022Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
498657000
CY2022Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
1460552000
CY2022Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
3323862000
CY2022Q3 fmcb Collateral Dependent Loans And Lease Amortized Cost
CollateralDependentLoansAndLeaseAmortizedCost
15247000
CY2021Q4 fmcb Collateral Dependent Loans And Lease Amortized Cost
CollateralDependentLoansAndLeaseAmortizedCost
6095000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
62080000
CY2022Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1499000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
68000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
106000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
-38000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63617000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61007000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2606000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
362000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
366000
us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
-4000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63617000
CY2022Q3 fmcb Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
208242000
CY2021Q4 fmcb Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
223620000
CY2022Q3 fmcb Time Deposits250000 Or More
TimeDeposits250000OrMore
152142000
CY2021Q4 fmcb Time Deposits250000 Or More
TimeDeposits250000OrMore
168865000
CY2022Q3 us-gaap Time Deposits
TimeDeposits
360384000
CY2021Q4 us-gaap Time Deposits
TimeDeposits
392485000
CY2022Q3 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
107966000
CY2022Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
224552000
CY2022Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
22362000
CY2022Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
2783000
CY2022Q3 fmcb Time Deposit Maturities Year Four And Beyond
TimeDepositMaturitiesYearFourAndBeyond
2721000
CY2022Q3 us-gaap Time Deposits
TimeDeposits
360384000
CY2022Q3 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
482053000
CY2022Q3 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1182
CY2022Q3 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
183537000
CY2022Q3 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.045
CY2022Q3 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
492053000
CY2022Q3 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1206
CY2022Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
244716000
CY2022Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06
CY2022Q3 us-gaap Capital
Capital
543218000
CY2022Q3 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1332
CY2022Q3 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
326288000
CY2022Q3 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.08
CY2022Q3 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
492053000
CY2022Q3 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0912
CY2022Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
215702000
CY2022Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2021Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
450687000
CY2021Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1168
CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
173674000
CY2021Q4 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.045
CY2021Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
460687000
CY2021Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1194
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
231566000
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06
CY2021Q4 us-gaap Capital
Capital
509091000
CY2021Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1319
CY2021Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
308755000
CY2021Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.08
CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
460687000
CY2021Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0892
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
206606000
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
19536000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
17502000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
775109
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
789646
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
775109
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
789646
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
25.2
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
22.16
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
25.2
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
22.16
us-gaap Net Income Loss
NetIncomeLoss
55037000
us-gaap Net Income Loss
NetIncomeLoss
50368000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
780988
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
789646
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
780988
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
789646
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
70.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
63.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
70.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
63.79

Files In Submission

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fmcb-20220930_def.xml Edgar Link unprocessable
fmcb-20220930_lab.xml Edgar Link unprocessable
0001140361-22-040327-index-headers.html Edgar Link pending
0001140361-22-040327-index.html Edgar Link pending
0001140361-22-040327.txt Edgar Link pending
0001140361-22-040327-xbrl.zip Edgar Link pending
brhc10043593_10q.htm Edgar Link pending
brhc10043593_ex10-11.htm Edgar Link pending
brhc10043593_ex31-a.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
fmcb-20220930.xsd Edgar Link pending
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fmcb-20220930_pre.xml Edgar Link unprocessable
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brhc10043593_10q_htm.xml Edgar Link completed
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