Dividends and Basic Earnings Per Common Share

3 Months Ended

Mar. 31, 2013

Dividends and Basic Earnings Per Common Share [Abstract]

Dividends and Basic Earnings Per Common Share

6. Dividends and Basic Earnings Per Common Share

Farmers & Merchants Bancorp common stock is not traded on any exchange. The shares are primarily held by local residents and are not actively traded. No cash dividends were declared during the first quarter of 2013 or 2012.

Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. The following table calculates the basic earnings per common share for the three months ended March 31, 2013 and 2012.

(net income in thousands)	2013		2012
Net Income	$	6,251	$	6,190
Average Number of Common Shares Outstanding		777,882		779,296
Basic Earnings Per Common Share Amount	$	8.04	$	7.94