XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Shareholders' Equity [Abstract]  
Compliance with Regulatory Capital Requirements under Banking Regulations
The Company’s actual and required capital amounts and ratios are as follows:

    December 31, 2021  
  
 
Actual
   
Minimum Capital Requirement
   
Well Capitalized
Requirment
 
(Dollars in thousands)
 
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
Farmers & Merchants Bancorp
                                   
CET1 capital to risk-weighted assets
 
$
450,687
     
11.68
%
 
$
173,674
     
4.50
%
 
N/A
     
N/A
Tier 1 capital to risk-weighted assets
   
460,687
     
11.94
%
   
231,566
     
6.00
%
   
N/A
     
N/A
Risk-based capital to risk-weighted assets
   
509,091
     
13.19
%
   
308,755
     
8.00
%
   
N/A
     
N/A
Tier 1 leverage capital ratio
   
460,687
     
8.92
%
   
206,606
     
4.00
%
   
N/A
     
N/A
 
 
                                               
Farmers & Merchants Bank
                                               
CET1 capital to risk-weighted assets
 
$
459,813
     
11.91
%
 
$
173,664
     
4.50
%
 
$
250,847
     
6.50
%
Tier 1 capital to risk-weighted assets
   
459,813
     
11.91
%
   
231,551
     
6.00
%
   
308,735
     
8.00
%
Risk-based capital to risk-weighted assets
   
508,215
     
13.17
%
   
308,735
     
8.00
%
   
385,919
     
10.00
%
Tier 1 leverage capital ratio
   
459,813
     
8.91
%
   
206,426
     
4.00
%
   
258,033
     
5.00
%
 
  
 
December 31, 2020
 
  
 
Actual
   
Minimum Capital Requirement
   
Well Capitalized
Requirment
 
(Dollars in thousands)
 
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
Farmers & Merchants Bancorp
                                   
CET1 capital to risk-weighted assets
 
$
395,941
     
11.05
%
 
$
161,178
     
4.50
%
 

N/A
     
N/A
Tier 1 capital to risk-weighted assets
   
405,941
     
11.33
%
   
214,904
     
6.00
%
   
N/A
     
N/A
Risk-based capital to risk-weighted assets
   
450,890
     
12.59
%
   
286,539
     
8.00
%
   
N/A
     
N/A
Tier 1 leverage capital ratio
   
405,941
     
9.13
%
   
177,820
     
4.00
%
   
N/A
     
N/A
 
 
                                               
Farmers & Merchants Bank
                                               
CET1 capital to risk-weighted assets
 
$
401,313
     
11.21
%
 
$
161,135
     
4.50
%
 
$
232,750
     
6.50
%
Tier 1 capital to risk-weighted assets
   
401,313
     
11.21
%
   
214,846
     
6.00
%
   
286,462
     
8.00
%
Risk-based capital to risk-weighted assets
   
446,251
     
12.46
%
   
286,462
     
8.00
%
   
358,077
     
10.00
%
Tier 1 leverage capital ratio
   
401,313
     
9.04
%
   
177,605
     
4.00
%
   
222,006
     
5.00
%
Earnings Per Common Share
Earnings per common share have been computed based on the following:


 
Year Ended December 31,
 
(Dollars in thousands, except share and per share amounts)
 
2021
   
2020
   
2019
 
Numerator
                 
Net income
 
$
66,336
   
$
58,734
   
$
56,036
 
 
                       
Denominator
                       
Weighted average number of common shares outstanding
   
789,646
     
793,337
     
787,227
 
Weighted average number of dilutive shares outstanding
   
789,646
     
793,337
     
787,227
 
 
                       
Basic earnings per common share
 
$
84.01
   
$
74.03
   
$
71.18
 
Diluted earning per commons share
 
$
84.01
   
$
74.03
   
$
71.18