Farmers & merchants bancorp inc (FMAO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income

18,402

14,949

12,720

11,664

-

-

-

-

-

-

-

Net income

-

-

-

-

10,340

9,646

9,007

9,788

8,514

6,981

6,605

Adjustments to reconcile net income to net cash from operating activities:
Depreciation

2,307

1,711

1,551

1,464

1,365

1,293

1,184

1,154

1,135

1,147

1,171

Amortization of available-for-sale securities, net

-822

-957

-1,106

-1,146

-1,239

-1,430

-2,149

-3,075

-2,902

-1,595

-809

Amortization of servicing rights

487

364

353

419

374

344

426

768

498

683

933

Amortization of core deposit intangible

727

167

245

323

323

480

319

312

312

235

157

Net amortization (accretion) of fair value adjustments

-1,379

6

62

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,088

745

507

402

314

232

253

217

-

-

-

Deferred income taxes

227

472

21

55

-

-

-

-

-165

210

142

Compensation Expense related to Stock Awards

-

-

-

-

-

-

-

-

182

-

-

Provision for loan loss

1,138

324

222

1,121

625

1,191

858

738

1,715

5,325

3,558

Gain on sale of loans held for sale

677

757

811

888

700

647

1,123

2,041

807

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

1,395

1,203

Originations of loans held for sale

73,562

51,807

57,391

66,014

52,706

37,432

62,360

96,472

52,853

83,705

118,491

Proceeds from sale of loans held for sale

68,579

51,381

59,520

63,988

52,764

41,992

65,391

95,435

53,631

82,315

118,284

Loss on sale of other assets owned

-81

-44

-27

-81

-47

-157

-144

-634

-1,169

-

-

(Gain) loss on sales of securities available-for-sale

-26

-9

47

588

-

-

-

-

-

-

-

Gain on sales of securities available-for-sale

-

-

-

-

451

494

775

-

-

-

-

Loss on sale of other assets

-

-

-

-

-

-

-

-

-

-109

-75

Gain on sales of securities

-

-

-

-

-

-

-

852

504

956

230

Change in other assets and other liabilities, net

-5,665

7,828

436

743

-1,275

-971

-1,520

-1,458

162

1,109

6,026

Net cash provided by operating activities

23,931

10,737

17,649

12,430

-

-

-

-

15,203

11,435

5,784

Cash Flows from Investing Activities
Net cash provided by (used in) operating activities

-

-

-

-

14,809

19,163

16,993

14,214

-

-

-

Activity in available-for-sale securities:
Maturities, prepayments and calls

67,071

29,691

23,064

41,825

26,059

17,817

33,228

42,851

53,661

104,602

78,292

Sales

11,100

10,081

13,562

85,723

-

-

-

-

-

-

-

Purchases

110,166

13,866

15,335

-

-

-

-

-

-

-

-

Activity in other securities, at cost:
Sales

237

-

-

-

-

-

-

-

-

-

-

Purchases

21

-

-

-

-

-

-

-

-

-

-

Sales

-

-

-

-

47,029

57,928

91,039

60,513

30,376

55,700

16,333

Purchases

-

-

-

114,819

60,925

-

103,320

-

-

-

-

Change in interest-bearing time deposits

-290

-1

-2,103

-1,915

-

-

-

-

-

-

-

Proceeds from sale of other assets owned

564

120

138

41

-

-

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

134,435

117,744

244,812

124,354

Proceeds from redemption of FHLB stock

-

-

-

-

-

499

-

-

-

-

-

Proceeds from sales of other assets owned

-

-

-

-

64

24

1,138

1,146

1,970

716

494

Additions to premises and equipment

3,510

2,628

1,888

2,406

1,716

2,908

2,063

1,774

947

2,294

412

Loan originations and principal collections, net

112,212

21,926

65,611

72,639

64,483

50,853

67,194

-5,245

-18,266

-38,094

3,723

Acquisition of Limberlost, net of cash received

2,089

-

-

-

-

-

-15,215

-

-

1,141

-

Net cash used in investing activities

-

-

-

-

-53,972

22,507

-31,957

-26,454

-

-

-

Net cash provided by (used in) investing activities

-149,316

1,471

-48,173

-64,190

-

-

-

-

-14,418

-49,135

-33,370

Cash Flows from Financing Activities
Net change in deposits

153,088

9,450

77,137

70,864

8,779

-13,904

-16,254

23,870

14,869

48,069

60,712

Net change in federal funds purchased and securities sold under agreements to repurchase

15,892

-7,314

-30,829

-8,491

22,853

-13,794

18,444

-1,128

1,199

7,984

-4,957

Proceeds of FHLB advances

-

-

-

-

10,000

-

-

-

-

-

-

Repayment of FHLB advances

23,938

5,000

5,000

-

-

4,500

7,100

5,062

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

9,000

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

13,212

13,326

11,436

Purchase of treasury stock

381

490

196

194

803

576

1,236

894

310

894

555

Cash dividends paid on common stock

6,345

4,956

4,443

4,115

3,943

3,864

3,719

3,597

3,567

3,402

3,417

Net cash provided by financing activities

-

-

-

-

36,886

-36,638

-9,865

13,189

-

-

-

Net cash provided by financing activities

138,316

-8,310

36,669

58,064

-

-

-

-

-1,021

47,431

40,347

Net Increase in Cash and Cash Equivalents

12,931

3,898

6,145

6,304

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

-

-2,277

5,032

-24,829

949

-236

9,731

12,761

Supplemental Information
Cash paid during the year for:
Interest

13,540

6,472

5,064

4,151

-

-

-

-

-

-

-

Interest

-

-

-

-

3,610

3,732

4,679

6,304

8,285

11,244

13,275

Income taxes

3,845

3,107

5,102

5,012

3,079

4,285

3,240

4,085

1,850

1,875

2,725

Noncash investing activities:
Transfer of loans to other real estate owned

287

68

59

419

231

139

1,053

562

2,236

3,867

1,588

The Company purchased all of the capital stock of Limberlost for $78,902 on January 1, 2019. In conjunction with the acquisition, liabilities were assumed as follows:
Limberlost Bancshares, Inc. [Member]
Fair value of assets acquired

336,380

-

-

-

-

-

-

-

-

-

-

Less: common stock issued

70,437

-

-

-

-

-

-

-

-

-

-

Cash paid for the capital stock

8,465

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

257,478

-

-

-

-

-

-

-

-

-

-