← FARMERS & MERCHANTS BANCORP INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $11.7m $12.7m $14.9m $18.4m $20.1m $23.5m $32.5m $22.8m $25.9m $33.3m
Net Income (Loss) Available to Common Stockholders, Basic $11.6m $12.6m $14.8m $18.3m $19.9m $23.3m $32.2m $22.5m $25.4m $32.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $14.9m $18.4m $20.1m $23.5m $32.5m $22.8m $25.9m $33.3m
Amortization of Debt Issuance Costs — — — — — $50k $115k $116k $116k $115k
Amortization of Intangible Assets $323k $245k $167k $727k $720k $677k $1.0m $1.7m $1.7m $1.7m
Depreciation $1.5m $1.6m $1.7m $2.3m $2.5m $2.6m $2.7m $3.4m $3.8m $3.6m
Depreciation, Nonproduction $1.5m $1.6m $1.7m $2.3m $2.5m $2.6m $2.7m $3.4m $3.8m $3.6m
Deferred Income Tax Expense (Benefit) — — $472k $227k ($1.7m) ($1.8m) $171k $2.2m $307k ($126k)
Share-based Payment Arrangement, Noncash Expense $402k $507k $745k $1.1m $1.0m $822k $899k $1.3m $1.4m $1.4m
Goodwill and Intangible Asset Impairment — — — — — — — — $0 $0
Gain (Loss) on Disposition of Other Assets ($81k) ($27k) ($44k) ($81k) ($7k) ($434k) $259k ($135k) $71k ($41k)
Gain (Loss) on Disposition of Assets for Financial Service Operations $85.7m $13.6m $10.1m $11.1m $11.8m $9.3m ($259k) $22.0m ($71k) $41k
Income Tax Expense (Benefit) $4.7m $5.2m $3.2m $4.2m $5.1m $6.0m $8.0m $5.6m $6.6m $9.2m
Additional Financial Items
Bank Owned Life Insurance Income — — ($361k) ($351k) $430k ($636k) ($691k) ($834k) $965k $1.4m
Gain (Loss) on Sales of Loans, Net $888k $811k $757k $677k $4.0m $3.9m $1.4m $699k $859k $1.3m
Parent Company $4.1m $4.4m $5.0m $6.3m $7.2m $7.7m $10.3m $11.3m $11.9m $12.1m
Debt Securities, Available-for-sale, Realized Gain (Loss) ($588k) ($47k) ($9k) ($26k) $270k $293k — ($891k) $0 $0
Equipment Expense $1.7m $1.9m $2.1m $2.8m $3.1m $3.3m $4.2m $5.0m $5.3m $5.6m
Gain (Loss) on Sale of Derivatives $81k $27k $44k $81k $7k $434k ($259k) $40k $59k $66k
Goodwill $4.1m $4.1m $4.1m $47.3m $47.3m $80.4m $86.4m $86.4m $86.4m $86.4m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — $944k $2.6m
Net Cash Provided by (Used in) Operating Activities $12.4m $19.3m $12.1m $23.9m $27.4m $34.7m $40.7m $22.1m $32.5m $36.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.4m $1.8m $2.6m $3.5m $3.2m $2.0m $2.6m $10.9m $1.9m $1.8m
Payments to Acquire Businesses, Net of Cash Acquired — — — $2.1m — — — — — —
Net Cash Provided by (Used in) Investing Activities ($64.2m) ($49.8m) $66k ($149.3m) ($177.7m) ($265.7m) ($389.9m) ($194.1m) ($44.4m) ($138.7m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $41.8m $23.1m $29.7m $67.1m $91.0m $56.3m $31.1m $24.0m $34.8m $69.7m
Payments for Repurchase of Common Stock $194k $196k $490k $381k $383k $338k $308k $218k $664k $362k
Payments of Ordinary Dividends, Common Stock $4.1m $4.4m $5.0m $6.3m $7.2m $7.7m $10.3m $11.3m $11.9m $12.1m
Dividends Payable $1.1m $1.2m $1.4m $1.8m $1.9m $2.5m $2.8m $3.0m $3.0m $3.1m
Other Interest and Dividend Income $43k $124k — — — — — — — —
Net Cash Provided by (Used in) Financing Activities $58.1m $36.7m ($8.3m) $138.3m $274.8m $236.1m $252.8m $229.7m $46.0m $23.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $6.3m $6.1m $3.9m $12.9m $124.4m $5.1m ($96.4m) $57.8m $34.1m ($78.6m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.2m $5.1m $6.5m $13.5m $10.1m $7.0m $13.7m $55.1m $76.5m $69.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.