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

Farmers & Merchants Bancorp

Condensed Balance Sheets

(in thousands)	2015		2014
Cash	$	308	$	363
Investment in Farmers & Merchants Bank of Central California		261,626		242,852
Investment Securities		409		410
Other Assets		60		201
Total Assets	$	262,403	$	243,826

Subordinated Debentures	$	10,310	$	10,310
Liabilities		258		338
Shareholders' Equity		251,835		233,178
Total Liabilities and Shareholders' Equity	$	262,403	$	243,826

Farmers & Merchants Bancorp

Condensed Statements of Income

	Year Ended December 31,
(in thousands)	2015			2014			2013
Equity in Undistributed Earnings in Farmers & Merchants Bank of Central California	$	17,352		$	18,211		$	14,352
Dividends from Subsidiary		10,875			8,000			10,450
Interest Income		10			10			10
Other Expenses, Net		(1,451	)		(1,406	)		(1,288	)
Tax Benefit		606			587			537
Net Income	$	27,392		$	25,402		$	24,061

Farmers & Merchants Bancorp

Condensed Statements of Cash Flows

	Year Ended December 31,
(in thousands)	2015			2014			2013
Cash Flows from Operating Activities:
Net Income	$	27,392		$	25,402		$	24,061
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Equity in Undistributed Net Earnings from Subsidiary		(17,352	)		(18,211	)		(14,352	)
Net (Increase) Decrease in Other Assets		(79	)		(114	)		38
Net Increase (Decrease) in Liabilities		141			(1	)		180
Net Cash Provided by Operating Activities		10,102			7,076			9,927
Investing Activities:
Payments for Investments in Subsidiaries		(3,360	)		-			-
Net Cash Used by Investing Activities		(3,360	)		-			-
Financing Activities:
Issuance of Common Stock		3,360			2,790			-
Cash Dividends		(10,157	)		(9,919	)		(9,723	)
Net Cash Used by Financing Activities		(6,797	)		(7,129	)		(9,723	)
(Decrease) Increase in Cash and Cash Equivalents		(55	)		(53	)		204
Cash and Cash Equivalents at Beginning of Year		363			416			212
Cash and Cash Equivalents at End of Year	$	308		$	363		$	416