Dividends and Basic Earnings Per Common Share

3 Months Ended

Mar. 31, 2015

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 2015 or 2014.

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, 2015 and 2014.

(net income in thousands)	2015		2014
Net Income	$	6,403	$	6,282
Weighted Average Number of Common Shares Outstanding		785,366		777,882
Basic Earnings Per Common Share Amount	$	8.15	$	8.08