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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 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:

    December 31, 2022  
  
 
Actual
   
Required for Capital Adequacy Purposes
   
Minimum to be Categorized as “Well
Capitalized” Under Prompt Corrective
Action Regulation
 
(Dollars in thousands)
 
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
Farmers & Merchants Bancorp
                                   
CET1 capital to risk-weighted assets
 
$
493,438
     
11.57
%
 
$
191,984
     
4.50
%
 
N/A
     
N/A
Tier 1 capital to risk-weighted assets
   
503,438
     
11.80
%
   
255,978
     
6.00
%
   
N/A
     
N/A
Risk-based capital to risk-weighted assets
   
556,964
     
13.06
%
   
341,305
     
8.00
%
   
N/A
     
N/A
Tier 1 leverage capital ratio
   
503,438
     
9.36
%
   
215,201
     
4.00
%
   
N/A
     
N/A
 
 
                                               
Farmers & Merchants Bank
                                               
CET1 capital to risk-weighted assets
 
$
502,838
     
11.79
%
 
$
191,970
     
4.50
%
 
$
277,290
     
6.50
%
Tier 1 capital to risk-weighted assets
   
502,838
     
11.79
%
   
255,960
     
6.00
%
   
341,280
     
8.00
%
Risk-based capital to risk-weighted assets
   
556,361
     
13.04
%
   
341,280
     
8.00
%
   
426,600
     
10.00
%
Tier 1 leverage capital ratio
   
502,838
     
9.35
%
   
215,018
     
4.00
%
   
268,772
     
5.00
%
 
  
 
December 31, 2021
 
  
 
Actual
   
Required for Capital Adequacy Purposes
   
Minimum to be Categorized as “Well
Capitalized” Under Prompt Corrective
Action Regulation
 
(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:


 
Year Ended December 31,
 
(Dollars in thousands, except share and per share amounts)
 
2022
   
2021
   
2020
 
Numerator
                 
Net income
 
$
75,090
   
$
66,336
   
$
58,734
 
 
                       
Denominator
                       
Weighted average number of common shares outstanding
   
777,726
     
789,646
     
793,337
 
Weighted average number of dilutive shares outstanding
   
777,726
     
789,646
     
793,337
 
 
                       
Basic earnings per common share
 
$
96.55
   
$
84.01
   
$
74.03
 
Diluted earning per commons share
 
$
96.55
   
$
84.01
   
$
74.03