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Parent Company Financial Information
 12 Months Ended
Dec. 31, 2020
Parent Company Financial Information [Abstract]  
Parent Company Financial Information
22. Parent Company Financial Information

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

Farmers & Merchants Bancorp
Condensed Balance Sheets

(in thousands)
  
2020
    
2019
  
Cash
  
$
4,551
    
$
1,341
  
Investment in Farmers & Merchants Bank of Central California
    
429,037
      
378,271
  
Investment Securities
    
434
      
411
  
Other Assets
    
832
      
102
  
Total Assets
  
$
434,854
    
$
380,125
  
                 
Subordinated Debentures
  
$
10,310
    
$
10,310
  
Liabilities
    
879
      
519
  
Shareholders’ Equity
    
423,665
      
369,296
  
Total Liabilities and Shareholders’ Equity
  
$
434,854
    
$
380,125
  

Farmers & Merchants Bancorp
Condensed Statements of Income

  
Year Ended December 31,
  
(in thousands)
  
2020
    
2019
    
2018
  
Equity (Loss) in Undistributed Earnings in Farmers & Merchants Bank of Central California
  
$
40,597
    
$
44,571
    
$
(26,488
)
Dividends from Subsidiary
    
19,874
      
13,166
      
73,010
  
Interest Income
    
11
      
17
      
16
  
Other Expenses, Net
    
(2,477
)
    
(2,416
)
    
(1,527
)
Tax Benefit
    
729
      
698
      
516
  
Net Income
  
$
58,734
    
$
56,036
    
$
45,527
  


Farmers & Merchants Bancorp
Condensed Statements of Cash Flows

  
Year Ended December 31,
  
(in thousands)
  
2020
    
2019
    
2018
  
Cash Flows from Operating Activities:
                  
Net Income
  
$
58,734
    
$
56,036
    
$
45,527
  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
                        
(Equity) Loss in Undistributed Net Earnings from Subsidiary
    
(40,597
)
    
(44,571
)
    
26,488
  
Net (Increase) in Other Assets
    
(753
)
    
(160
)
    
(125
)
Net Increase (Decrease) in Liabilities
    
360
      
222
      
(942
)
Net Cash Provided by Operating Activities
    
17,744
      
11,527
      
70,948
  
Investing Activities:
                        
Payments for Business Acquisition
    
-
      
-
      
(28,642
)
Payments for Investments in Non-Qualified Retirement Plan
    
(403
)
    
(6,273
)
    
(10,503
)
Net Cash Used by Investing Activities
    
(403
)
    
(6,273
)
    
(39,145
)
Financing Activities:
                        
Stock Repurchased
    
(2,834
)
    
-
      
(31,152
)
Issuance of Common Stock
    
403
      
6,973
      
10,503
  
Cash Dividends
    
(11,700
)
    
(11,221
)
    
(11,151
)
Net Cash Used by Financing Activities
    
(14,131
)
    
(4,248
)
    
(31,800
)
Increase in Cash and Cash Equivalents
    
3,210
      
1,006
      
3
  
Cash and Cash Equivalents at Beginning of Year
    
1,341
      
335
      
332
  
Cash and Cash Equivalents at End of Year
  
$
4,551
    
$
1,341
    
$
335