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Shareholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2022
Shareholders' Equity [Abstract]  
Compliance with Regulatory Capital Requirements under Banking Regulations

The Company’s and Bank’s actual and required capital amounts and ratios are as follows: 
   
June 30, 2022
 
   
Actual
    
Minimum to be
Categorized as
“Adequately Capitalized”
    
Minimum to be
Categorized as
“Well Capitalized”
  
(Dollars in thousands)
  
Amount
    
Ratio
    
Amount
    
Ratio
    
Amount
    
Ratio
  
Farmers & Merchants Bancorp
                                    
CET1 capital to risk-weighted assets
  
$
468,463
      
11.55
%
  
$
182,499
      
4.50
%
    
N/A
      
N/A
  
Tier 1 capital to risk-weighted assets
    
478,463
      
11.80
%
    
243,332
      
6.00
%
    
N/A
      
N/A
  
Risk-based capital to risk-weighted assets
    
529,311
      
13.05
%
    
324,442
      
8.00
%
    
N/A
      
N/A
  
Tier 1 leverage capital ratio
    
478,463
      
8.94
%
    
214,167
      
4.00
%
    
N/A
      
N/A
  
                                                 
Farmers & Merchants Bank
                                                
CET1 capital to risk-weighted assets
  
$
475,077
      
11.72
%
  
$
182,470
      
4.50
%
  
$
263,567
      
6.50
%
Tier 1 capital to risk-weighted assets
    
475,077
      
11.72
%
    
243,293
      
6.00
%
    
324,391
      
8.00
%
Risk-based capital to risk-weighted assets
    
525,918
      
12.97
%
    
324,391
      
8.00
%
    
405,488
      
10.00
%
Tier 1 leverage capital ratio
    
475,077
      
8.89
%
    
213,871
      
4.00
%
    
267,339
      
5.00
%


   
December 31, 2021
  
   
Actual
    
Minimum to be
Categorized as
“Adequately Capitalized”
    
Minimum to be
Categorized as
“Well Capitalized”
  
(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
%
Earnings Per Common Share

Earnings per common share have been computed based on the following:

   
Three Months Ended
June 30,
  
(Dollars in thousands, except share and per share amounts)
  
2022
    
2021
  
Numerator
            
Net income
  
$
18,443
    
$
16,153
  

               
Denominator                
Weighted average number of common shares outstanding
    
781,880
      
789,646
  
Weighted average number of dilutive shares outstanding
    
781,880
      
789,646
  
                 
Basic earnings per common share
  
$
23.58
    
$
20.45
  
Diluted earning per common share
  
$
23.58
    
$
20.45
  

   
Six Months Ended
June 30,
  
(Dollars in thousands, except share and per share amounts)
  
2022
   
2021
 
Numerator
            
Net income
  
$
35,501
    
$
32,866
  
                 
Denominator
                
Weighted average number of common shares outstanding
    
783,976
      
789,646
  
Weighted average number of dilutive shares outstanding
    
783,976
      
789,646
  
                 
Basic earnings per common share
  
$
45.28
    
$
41.62
  
Diluted earning per common share
  
$
45.28
    
$
41.62