The following financial information is presented as of December 31 for the periods indicated.

Farmers & Merchants Bancorp

Condensed Balance Sheets

(in thousands)	2013		2012
Cash	$	416	$	212
Investment in Farmers & Merchants Bank of Central California		219,640		214,755
Investment Securities		410		410
Other Assets		87		267
Total Assets	$	220,553	$	215,644

Subordinated Debentures	$	10,310	$	10,310
Liabilities		339		301
Shareholders' Equity		209,904		205,033
Total Liabilities and Shareholders' Equity	$	220,553	$	215,644

Farmers & Merchants Bancorp

Condensed Statements of Income

	Year Ended December 31,
(in thousands)	2013			2012			2011
Equity in Undistributed Earnings in Farmers & Merchants Bank of Central California	$	14,352		$	13,247		$	12,715
Dividends from Subsidiary		10,450			10,900			10,325
Interest Income		10			10			10
Other Expenses, Net		(1,288	)		(1,386	)		(1,443	)
Tax Benefit		537			578			602
Net Income	$	24,061		$	23,349		$	22,209

Farmers & Merchants Bancorp

Condensed Statements of Cash Flows

	Year Ended December 31,
(in thousands)	2013			2012			2011
Cash Flows from Operating Activities:
Net Income	$	24,061		$	23,349		$	22,209
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Equity in Undistributed Net Earnings from Subsidiary		(14,352	)		(13,247	)		(12,715	)
Net Decrease (Increase) in Other Assets		38			(216	)		(3	)
Net Increase (Decrease) in Liabilities		180			(78	)		56
Net Cash Provided by Operating Activities		9,927			9,808			9,547
Investing Activities:
Securities Purchased		-			-			(1,296	)
Securities Sold or Matured		-			-			1,196
Net Cash Used by Investing Activities		-			-			(100	)
Financing Activities:
Stock Repurchased		-			(576	)		-
Cash Dividends		(9,723	)		(9,418	)		(9,158	)
Net Cash Used by Financing Activities		(9,723	)		(9,994	)		(9,158	)
Increase (Decrease) in Cash and Cash Equivalents		204			(186	)		289
Cash and Cash Equivalents at Beginning of Year		212			398			109
Cash and Cash Equivalents at End of Year	$	416		$	212		$	398