$FMCB
FARMERS & MERCHANTS BANCORP

2023 Q3 Form 10-Q Financial Statement

#000114036123038598 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $65.71M $61.02M
YoY Change 27.07% 33.53%
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 $1.237M
YoY Change 113.64%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $12.27M $8.595M
YoY Change 877.07% 780.64%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $29.58M $28.49M
YoY Change 13.15% 20.21%
Income Tax $7.545M $7.182M
% Of Pretax Income 25.51% 25.21%
Net Earnings $22.03M $21.31M
YoY Change 12.79% 15.53%
Net Earnings / Revenue 33.53% 34.92%
Basic Earnings Per Share $29.23 $28.03
Diluted Earnings Per Share $29.23 $28.03
COMMON SHARES
Basic Shares Outstanding 754.4K 762.4K
Diluted Shares Outstanding 753.8K 760.3K

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $668.4M $587.0M
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 $52.09M $51.52M
YoY Change 5.91% 9.68%
Goodwill $11.18M $11.18M
YoY Change 0.0% 0.0%
Intangibles $2.380M $2.523M
YoY Change -19.51% -18.77%
Long-Term Investments
YoY Change
Other Assets $32.31M
YoY Change -6.12%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.375B $5.250B
YoY Change -1.67% -1.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.68M
YoY Change 8.4%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.68M
YoY Change 8.4%
LONG-TERM LIABILITIES
Long-Term Debt $10.31M
YoY Change 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.31M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.68M
Total Long-Term Liabilities $10.31M
Total Liabilities $4.845B $4.736B
YoY Change -3.08% -2.66%
SHAREHOLDERS EQUITY
Retained Earnings $510.5M $488.5M
YoY Change 17.03% 17.22%
Common Stock $7.000K $8.000K
YoY Change -12.5% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $530.6M $514.7M
YoY Change
Total Liabilities & Shareholders Equity $5.375B $5.250B
YoY Change -1.67% -1.43%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $22.03M $21.31M
YoY Change 12.79% 15.53%
Depreciation, Depletion And Amortization $1.237M
YoY Change 113.64%
Cash From Operating Activities $52.66M
YoY Change 85.87%
INVESTING ACTIVITIES
Capital Expenditures $2.950M
YoY Change -205.66%
Acquisitions
YoY Change
Other Investing Activities -$103.5M
YoY Change 328.77%
Cash From Investing Activities -$106.4M
YoY Change 295.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 192.5M
YoY Change 44.01%
NET CHANGE
Cash From Operating Activities 52.66M
Cash From Investing Activities -106.4M
Cash From Financing Activities 192.5M
Net Change In Cash 138.8M
YoY Change 2.72%
FREE CASH FLOW
Cash From Operating Activities $52.66M
Capital Expenditures $2.950M
Free Cash Flow $49.71M
YoY Change 59.72%

Facts In Submission

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CY2023Q2 fmcb Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
286881000
CY2022Q4 fmcb Time Deposits Less Than Or Equal To250000
TimeDepositsLessThanOrEqualTo250000
202554000
CY2023Q2 fmcb Time Deposits250000 Or More
TimeDeposits250000OrMore
265899000
CY2022Q4 fmcb Time Deposits250000 Or More
TimeDeposits250000OrMore
128846000
CY2023Q2 us-gaap Time Deposits
TimeDeposits
552780000
CY2022Q4 us-gaap Time Deposits
TimeDeposits
331400000
CY2023Q2 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
205571000
CY2023Q2 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
327243000
CY2023Q2 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
15007000
CY2023Q2 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
3894000
CY2023Q2 fmcb Time Deposit Maturities Year Four And Beyond
TimeDepositMaturitiesYearFourAndBeyond
1065000
CY2023Q2 us-gaap Time Deposits
TimeDeposits
552780000
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1600000000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1500000000
fmcb Line Of Credit Facility Average Interest Rate
LineOfCreditFacilityAverageInterestRate
0.0525
CY2023Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
655000000
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0525
CY2022Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
0
CY2023Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
0
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001140361-23-038598-index-headers.html Edgar Link pending
0001140361-23-038598-index.html Edgar Link pending
0001140361-23-038598.txt Edgar Link pending
0001140361-23-038598-xbrl.zip Edgar Link pending
brhc20056860_10q.htm Edgar Link pending
brhc20056860_ex31-a.htm Edgar Link pending
brhc20056860_ex31-b.htm Edgar Link pending
brhc20056860_ex32.htm Edgar Link pending
brhc20056860_10q_htm.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
fmcb-20230630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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fmcb-20230630_cal.xml Edgar Link unprocessable
fmcb-20230630_def.xml Edgar Link unprocessable
fmcb-20230630_lab.xml Edgar Link unprocessable
fmcb-20230630_pre.xml Edgar Link unprocessable
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