Farmers & merchants bancorp inc (FMAO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities
Net income

4,105

4,723

4,275

6,180

3,224

3,193

3,875

4,114

3,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

2,839

-

3,015

2,974

2,481

2,772

2,620

2,597

2,351

2,661

2,474

2,553

1,958

2,287

2,066

2,502

2,152

2,525

2,441

2,538

2,284

2,885

2,081

1,567

1,981

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

655

327

663

661

656

305

484

474

448

125

456

515

455

352

377

368

367

189

396

390

390

202

372

358

361

268

307

305

304

255

322

288

289

241

219

337

338

Amortization of available-for-sale securities, net

-250

-243

-212

-197

-170

-214

-243

-248

-252

-263

-265

-285

-293

-313

-286

-273

-274

-315

-314

-316

-294

-300

-321

-390

-419

-435

-494

-585

-635

-729

-759

-802

-785

-756

-724

-730

-692

Amortization of servicing rights

132

158

149

105

75

100

84

95

85

87

85

97

84

108

123

99

89

98

93

103

80

86

92

84

82

81

88

120

137

219

177

178

194

184

133

90

91

Amortization of core deposit intangible

182

181

182

182

182

41

42

42

42

42

42

80

81

81

81

80

81

81

81

80

81

120

120

120

120

85

78

78

78

78

78

78

78

78

78

78

78

Net amortization of fair value adjustments

157

-

-

-

155

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

282

263

234

157

434

248

183

154

160

161

122

113

111

105

81

112

104

90

91

55

78

27

80

64

61

51

109

47

46

340

-209

41

45

-

-

-

-

Deferred income taxes

-3

-

-

-

-

-

-

-

-

-1,095

-162

1,150

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan loss

1,430

728

247

133

30

105

47

132

40

25

99

25

73

197

308

339

277

85

243

183

114

37

282

444

428

276

303

112

167

296

236

78

128

193

93

657

772

Gain on sale of loans held for sale

227

119

260

196

102

140

184

301

132

211

181

218

201

269

216

234

169

169

183

173

175

150

205

203

89

145

176

322

480

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161

-

111

63

75

Originations of loans held for sale

17,302

23,134

24,748

17,340

8,340

10,993

13,598

15,590

11,626

14,790

12,359

15,838

14,404

21,718

16,803

15,483

12,010

12,866

14,957

15,684

9,199

11,120

10,456

11,333

4,523

7,486

11,543

19,280

24,051

-4,287

30,813

42,312

27,634

22,601

13,294

7,286

9,672

Proceeds from sale of loans held for sale

18,690

20,036

24,833

15,946

7,764

11,946

11,817

17,647

9,971

14,946

12,916

15,351

16,307

19,869

16,898

14,795

12,426

12,952

15,148

15,006

9,658

11,601

10,485

14,964

4,942

7,434

11,076

19,469

27,412

-8,712

32,401

41,826

29,920

21,613

13,517

7,118

11,383

Loss on sale of other assets owned

-1

-16

-22

-28

-15

-27

-1

1

-17

-

-

-

-

-42

6

0

-45

-4

-32

-5

-6

-4

-95

-19

-39

3

-21

-110

-16

-

-

-

-

-

-

-

-

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

270

0

0

0

-26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

0

16

31

-

47

343

113

33

172

137

109

0

192

180

122

43

134

377

221

-

-

-

-

-

-

-

-

Loss on sale of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-

-186

-166

-648

Gain on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

653

30

0

169

0

132

33

339

Change in other assets and other liabilities, net

3,431

85

-960

-1,274

-3,516

4,378

2,536

-3,101

4,015

-2,482

729

1,868

321

-557

-1,578

1,333

1,545

-1,660

-1,533

217

1,701

-2,340

-12

382

999

-2,041

327

-447

641

-2,140

5,410

-6,522

1,794

-139

-621

-481

1,403

Net cash provided by operating activities

4,651

3,915

6,919

5,292

7,805

1,160

1,045

9,521

-989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-441

9,627

4,032

2,752

4,115

3,842

4,494

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

-

-

-

-

-

-

-

-

-

-

-

-

5,414

-

5,675

1,647

2,307

5,178

5,239

2,524

1,868

6,108

3,480

6,898

2,677

5,281

2,362

3,796

5,554

-

-

-

-

-

-

-

-

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

21,646

32,687

29,452

3,229

1,703

17,938

3,041

6,618

2,094

6,382

2,035

6,935

7,712

18,915

3,176

15,504

4,230

18,036

2,719

3,514

1,790

4,536

2,431

4,051

6,799

4,506

11,417

3,903

13,402

12,447

13,976

3,814

12,614

25,040

15,815

3,958

8,848

Sales

11,843

0

0

0

11,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

10,569

65,230

14,873

30,098

-35

-

-

-

1,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity in other securities, at cost:
Sales

-

0

0

0

237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales

-

-

-

-

-

-

-

-

-

-

0

7,985

5,577

-

2,674

25,291

17,453

2,405

14,598

13,725

16,301

0

28,638

20,121

9,169

27,469

5,157

23,282

35,131

31,429

4,500

0

24,584

0

10,618

3,397

16,361

Purchases

-

-

-

-

-

-

-

-

-

-

0

2,356

1,031

58,956

13,488

30,967

11,408

12,521

7,244

26,927

14,233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in interest-bearing time deposits

-560

245

-45

0

-490

0

-2

0

1

-1,477

0

-696

70

0

45

0

-1,960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other assets owned

28

193

0

296

75

111

0

4

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

28,460

54,850

48,334

14,361

15,240

56,500

37,809

9,975

29,130

40,830

Proceeds from sales of other assets owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

5

1

10

1

52

1

-

-

-

-

-

-

-

-

1,144

0

2

0

1,960

0

6

4

Additions to premises and equipment

420

705

636

1,463

706

825

541

449

813

429

990

249

220

505

452

796

653

679

243

706

88

224

712

1,780

192

259

504

873

427

1,177

120

289

188

201

117

392

237

Loan originations and principal collections, net

27,773

60,972

66,235

-9,694

-5,301

7,390

5,892

-1,522

10,166

26,416

5,011

19,162

15,022

19,643

7,275

23,474

22,247

50,918

14,844

5,437

-6,716

14,348

10,693

18,426

7,386

41,411

22,355

16,594

-13,166

5,879

-5,338

4,834

-10,620

3

-29

-6,346

-11,894

Acquisition of Limberlost, net of cash received

-

0

0

0

2,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-2,914

-

-15,306

-14,437

-14,584

-43,667

-5,013

-15,779

10,487

-9,522

19,673

3,966

8,390

-13,387

-6,253

-18,739

6,422

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-5,805

-93,803

-52,337

-18,342

15,166

8,684

-3,334

6,308

-10,187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,333

-16,547

-8,870

-11,013

16,370

-15,815

-3,960

Cash Flows from Financing Activities
Net change in deposits

60,276

10,235

35,597

54,840

52,416

-69

-1,907

-22,572

33,998

15,974

25,891

-17,216

52,488

4,102

35,255

4,714

26,793

3,297

6,394

-15,039

14,127

17,654

-16,166

-29,192

13,800

1,430

-2,044

-24,834

9,194

28,421

-15,320

-13,670

24,439

19,797

-3,022

-17,725

15,819

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

-17,488

18,017

2,954

1,581

-6,660

5,155

3,128

591

-16,188

3,945

-4,545

12,134

-42,363

10,837

-16,455

6,552

-9,425

17,311

3,521

6,242

-4,221

-6,257

-7,847

11,291

-10,981

-

-

-

-

-

-

-

-

-

-

-

-

Net change in short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,594

5,641

-2,225

-

373

4,401

-2,367

-

4,261

-3,134

839

Repayment of FHLB advances

155

0

0

287

23,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,500

2,600

0

0

4,500

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,017

17

17

5,048

5,055

3,055

54

Purchase of treasury stock

170

3

165

0

213

-

-

-

-

-

-

-

-

0

0

0

194

310

3

0

490

0

0

478

98

502

657

0

77

105

106

450

233

90

0

127

93

Cash dividends paid on common stock

1,768

1,657

1,654

1,655

1,379

1,286

1,285

1,192

1,193

1,193

1,144

1,053

1,053

1,053

1,050

1,005

1,007

1,009

1,007

962

965

967

959

971

967

928

930

930

931

933

884

890

890

892

890

891

894

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

9,072

-

17,750

10,261

16,167

29,289

8,905

-9,759

8,451

10,430

-24,972

-19,350

-2,746

5,834

2,963

-20,123

1,461

-

-

-

-

-

-

-

-

Net cash provided by financing activities

40,695

26,592

36,732

54,479

20,513

-1,200

-554

-23,173

16,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,954

-10,626

20,932

13,000

-4,706

-24,932

15,617

Net Increase in Cash and Cash Equivalents

39,541

-63,296

-8,686

41,429

43,484

8,644

-2,843

-7,344

5,441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

11,572

-

8,119

-2,529

3,890

-9,200

9,131

-23,014

20,806

7,016

-1,819

-8,486

8,321

-2,272

-928

-35,066

13,437

14,463

-12,062

-17,546

16,094

4,739

15,779

-36,905

16,151

Supplemental Information
Cash paid during the year for:
Interest

3,217

3,578

3,902

3,405

2,655

1,766

1,713

1,514

1,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

1,193

-

1,100

1,040

958

956

915

887

852

814

903

981

1,034

990

1,161

1,316

1,212

1,471

1,538

1,663

1,632

1,825

2,075

2,120

2,265

Income taxes

-

-

-

-

-

-

-

-

-

1,300

1,500

2,302

0

1,202

602

3,062

146

1,374

-566

1,751

520

2,148

1,300

760

77

550

920

1,770

0

699

1,120

1,840

426

-

-

-

-

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

-

-

-

-

-

-

-

-

-

59

0

0

0

43

160

216

0

118

67

0

46

0

0

29

110

108

770

100

75

228

152

32

150

90

630

131

1,385

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

-

0

0

0

336,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: common stock issued

-

0

0

0

70,437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for the capital stock

-

0

0

0

8,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

0

0

0

257,478

-

-

-

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