FARMERS & MERCHANTS BANCORP INC (FMAO)
2025-06-30 | 2025-03-31 | 2024-09-30 | ||
|---|---|---|---|---|
| Noninterest income-Bank Servicing | 330 | - | - | |
| Noninterest income-Financial Service Other | 1,206 | - | - | |
| Net gain on sale of loans | 257 | 284 | 215 | |
| Gain (loss) on sale of other assets owned | 15 | -54 | - | |
| Loan servicing income | 629 | 762 | 710 | |
| Increase in cash surrender value of bank owned life insurance | 239 | 244 | - | |
| Interchange income | 1,259 | 1,421 | 1,315 | |
| Noninterest income | - | 1,505 | 1,455 | |
| Increase in cash surrender value of bank owned life insurance | - | - | 265 | |
| Total noninterest income | 3,935 | 4,162 | 3,960 | |
| Franchise taxes | 397 | 397 | 410 | |
| Other general and administrative | 1,918 | 1,484 | 1,128 | |
| Salaries and wages | 7,567 | 7,878 | 7,713 | |
| Professional fees | 502 | 559 | 453 | |
| Net occupancy expense | 1,075 | 1,199 | 1,054 | |
| Data processing | 1,057 | 557 | 339 | |
| Fdic assessment | 448 | 465 | 516 | |
| Furniture and equipment | 1,414 | 1,278 | 1,472 | |
| Employee benefits | 2,265 | 2,404 | 2,112 | |
| Advertising | 356 | 503 | 597 | |
| Loan expense | 328 | 228 | 244 | |
| Intangible asset amortization | 444 | 445 | 445 | |
| Consulting fees | 494 | 745 | 251 | |
| Atm expense | 761 | 491 | 472 | |
| Servicing rights amortization - net | 234 | 127 | 219 | |
| Total noninterest expense | 19,260 | 18,760 | 17,425 | |
| Provision for credit losses - off balance sheet credit exposures | - | - | -267 | |
| Provision for credit losses - loans | 661 | 811 | 282 | |
| Provision for (recovery of) credit losses - off balance sheet credit exposures | 27 | -260 | - | |
| Subordinated notes | 285 | 284 | 284 | |
| Borrowed funds | 2,411 | 2,550 | 2,804 | |
| Federal funds purchased and securities sold under agreements to repurchase | 272 | 271 | 277 | |
| Deposits | 14,813 | 13,988 | 16,947 | |
| Total interest expense | 17,781 | 17,093 | 20,312 | |
| Federal funds sold | - | - | 7 | |
| U.s. treasury and government agencies | 2,231 | 2,097 | 1,467 | |
| Municipalities | 369 | 382 | 387 | |
| Other | 1,051 | 1,113 | 2,833 | |
| Loans, including fees | 39,530 | 37,072 | 36,873 | |
| Dividends | 311 | 338 | 334 | |
| Total interest income | 43,492 | 41,002 | 41,901 | |
| Net interest income - before provision for credit losses | 25,711 | 23,909 | 21,589 | |
| Net interest income - after provision for credit losses | 25,023 | 23,358 | 21,574 | |
| Income before income taxes | 9,698 | 8,760 | 8,109 | |
| Income taxes | 1,988 | 1,808 | 1,593 | |
| Net income | 7,710 | 6,952 | 6,516 | |
| Earnings per share, basic | 0.56 | 0.51 | 0.48 | |
| Earnings per share, diluted | 0.56 | 0.51 | 0.48 | |
| Weighted average number of shares outstanding, basic | 13,547,445 | 13,541,847 | 13,528,371 | |