Farmers & merchants bancorp inc (FMAO)
CashFlow / TTM
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

19,283

18,402

16,872

16,472

14,406

14,949

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

12,022

-

11,242

10,847

10,470

10,340

10,229

10,083

10,039

9,646

9,272

8,864

8,813

9,007

9,245

9,620

9,656

9,788

10,148

9,788

8,817

8,514

0

0

0

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

2,306

2,307

2,285

2,106

1,919

1,711

1,531

1,503

1,544

1,551

1,778

1,699

1,552

1,464

1,301

1,320

1,342

1,365

1,378

1,354

1,322

1,293

1,359

1,294

1,241

1,184

1,171

1,186

1,169

1,154

1,140

1,037

1,086

1,135

0

0

0

Amortization of available-for-sale securities, net

-902

-822

-793

-824

-875

-957

-1,006

-1,028

-1,065

-1,106

-1,156

-1,177

-1,165

-1,146

-1,148

-1,176

-1,219

-1,239

-1,224

-1,231

-1,305

-1,430

-1,565

-1,738

-1,933

-2,149

-2,443

-2,708

-2,925

-3,075

-3,102

-3,067

-2,995

-2,902

0

0

0

Amortization of servicing rights

544

487

429

364

354

364

351

352

354

353

374

412

414

419

409

379

383

374

362

361

342

344

339

335

371

426

564

653

711

768

733

689

601

498

0

0

0

Amortization of core deposit intangible

727

727

587

447

307

167

168

168

206

245

284

323

323

323

323

323

323

323

362

401

441

480

445

403

361

319

312

312

312

312

312

312

312

312

0

0

0

Net amortization of fair value adjustments

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

936

1,088

1,073

1,022

1,019

745

658

597

556

507

451

410

409

402

387

397

340

314

251

240

249

232

256

285

268

253

542

224

218

217

0

0

0

-

-

-

-

Deferred income taxes

0

-

-

-

-

-

-

-

-

21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan loss

2,538

1,138

515

315

314

324

244

296

189

222

394

603

917

1,121

1,009

944

788

625

577

616

877

1,191

1,430

1,451

1,119

858

878

811

777

738

635

492

1,071

1,715

0

0

0

Gain on sale of loans held for sale

802

677

698

622

727

757

828

825

742

811

869

904

920

888

788

755

694

700

681

703

733

647

642

613

732

1,123

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Originations of loans held for sale

82,524

73,562

61,421

50,271

48,521

51,807

55,604

54,365

54,613

57,391

64,319

68,763

68,408

66,014

57,162

55,316

55,517

52,706

50,960

46,459

42,108

37,432

33,798

34,885

42,832

62,360

50,587

69,857

92,889

96,472

123,360

105,841

70,815

52,853

0

0

0

Proceeds from sale of loans held for sale

79,505

68,579

60,489

47,473

49,174

51,381

54,381

55,480

53,184

59,520

64,443

68,425

67,869

63,988

57,071

55,321

55,532

52,764

51,413

46,750

46,708

41,992

37,825

38,416

42,921

65,391

49,245

70,570

92,927

95,435

125,760

106,876

72,168

53,631

0

0

0

Loss on sale of other assets owned

-67

-81

-92

-71

-42

-44

0

0

0

-

-

-

-

-81

-43

-81

-86

-47

-47

-110

-124

-157

-150

-76

-167

-144

0

0

0

-

-

-

-

-

-

-

-

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

270

-26

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

0

0

506

-

536

661

455

451

418

438

481

494

537

479

676

775

0

0

0

-

-

-

-

-

-

-

-

Loss on sale of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Gain on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

852

199

301

334

504

0

0

0

Change in other assets and other liabilities, net

1,282

-5,665

-1,372

2,124

297

7,828

968

-839

4,130

436

2,361

54

-481

743

-360

-315

-1,431

-1,275

-1,955

-434

-269

-971

-672

-333

-1,162

-1,520

-1,619

3,464

-2,611

-1,458

543

-5,488

553

162

0

0

0

Net cash provided by operating activities

20,777

23,931

21,176

15,302

19,531

10,737

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,970

20,526

14,741

15,203

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

15,537

-

14,807

14,371

15,248

14,809

15,739

13,980

18,354

19,163

18,336

17,218

14,116

16,993

0

0

0

-

-

-

-

-

-

-

-

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

87,014

67,071

52,322

25,911

29,300

29,691

18,135

17,129

17,446

23,064

35,597

36,738

45,307

41,825

40,946

40,489

28,499

26,059

12,559

12,271

12,808

17,817

17,787

26,773

26,625

33,228

41,169

43,728

43,639

42,851

55,444

57,283

57,427

53,661

0

0

0

Sales

11,843

11,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

120,770

110,166

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity in other securities, at cost:
Sales

-

237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales

-

-

-

-

-

-

-

-

-

-

0

0

73,847

-

47,823

59,747

48,181

47,029

44,624

58,664

65,060

57,928

85,397

61,916

65,077

91,039

94,999

94,342

71,060

60,513

29,084

35,202

38,599

30,376

0

0

0

Purchases

-

-

-

-

-

-

-

-

-

-

62,343

75,831

104,442

114,819

68,384

62,140

58,100

60,925

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in interest-bearing time deposits

-360

-290

-535

-492

-492

-1

-1,478

-1,476

-2,172

-2,103

-626

-581

115

-1,915

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other assets owned

517

564

482

482

190

120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

131,644

146,005

132,785

134,435

123,910

119,524

133,414

117,744

0

0

0

Proceeds from sales of other assets owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

17

64

64

0

0

0

-

-

-

-

-

-

-

-

1,146

1,962

1,962

1,966

1,970

0

0

0

Additions to premises and equipment

3,224

3,510

3,630

3,535

2,521

2,628

2,232

2,681

2,481

1,888

1,964

1,426

1,973

2,406

2,580

2,371

2,281

1,716

1,261

1,730

2,804

2,908

2,943

2,735

1,828

2,063

2,981

2,597

2,013

1,774

798

795

898

947

0

0

0

Loan originations and principal collections, net

145,286

112,212

58,630

-1,713

6,459

21,926

40,952

40,071

60,755

65,611

58,838

61,102

65,414

72,639

103,914

111,483

93,446

64,483

27,913

23,762

36,751

50,853

77,916

89,578

87,746

67,194

31,662

3,969

-7,791

-5,245

-11,121

-5,812

-16,992

-18,266

0

0

0

Acquisition of Limberlost, net of cash received

-

2,089

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-52,520

-

-87,994

-77,701

-79,043

-53,972

-19,827

4,859

24,604

22,507

18,642

-7,284

-29,989

-31,957

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-170,287

-149,316

-46,829

2,174

26,824

1,471

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,097

-20,060

-19,328

-14,418

0

0

0

Cash Flows from Financing Activities
Net change in deposits

160,948

153,088

142,784

105,280

27,868

9,450

25,493

53,291

58,647

77,137

65,265

74,629

96,559

70,864

70,059

41,198

21,445

8,779

23,136

576

-13,577

-13,904

-30,128

-16,006

-11,648

-16,254

10,737

-2,539

8,625

23,870

15,246

27,544

23,489

14,869

0

0

0

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

5,064

15,892

3,030

3,204

2,214

-7,314

-8,524

-16,197

-4,654

-30,829

-23,937

-35,847

-41,429

-8,491

-2,017

17,959

17,649

22,853

-715

-12,083

-7,034

-13,794

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in short-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Repayment of FHLB advances

442

23,938

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,500

7,100

7,100

7,100

7,100

0

0

0

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,099

10,137

13,175

13,212

0

0

0

Purchase of treasury stock

338

381

0

0

0

-

-

-

-

-

-

-

-

194

504

507

507

803

493

490

968

576

1,078

1,735

1,257

1,236

839

288

738

894

879

773

450

310

0

0

0

Cash dividends paid on common stock

6,734

6,345

5,974

5,605

5,142

4,956

4,863

4,722

4,583

4,443

4,303

4,209

4,161

4,115

4,071

4,028

3,985

3,943

3,901

3,853

3,862

3,864

3,825

3,796

3,755

3,719

3,724

3,678

3,638

3,597

3,556

3,562

3,563

3,567

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

50,969

-

73,467

64,622

44,602

36,886

18,027

-15,850

-25,441

-36,638

-41,234

-13,299

-14,072

-9,865

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

158,498

138,316

110,524

73,238

-4,414

-8,310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,352

18,600

4,294

-1,021

0

0

0

Net Increase in Cash and Cash Equivalents

8,988

12,931

84,871

90,714

41,941

3,898

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

13,986

-

280

1,292

-19,193

-2,277

13,939

2,989

17,517

5,032

-4,256

-3,365

-29,945

-24,829

-8,094

-19,228

-1,708

949

-8,775

19,066

-293

-236

0

0

0

Supplemental Information
Cash paid during the year for:
Interest

14,102

13,540

11,728

9,539

7,648

6,472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

4,386

-

4,054

3,869

3,716

3,610

3,468

3,456

3,550

3,732

3,908

4,166

4,501

4,679

5,160

5,537

5,884

6,304

6,658

7,195

7,652

8,285

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

5,102

5,004

4,106

4,866

5,012

5,184

4,016

2,705

3,079

3,853

5,719

4,728

4,285

2,687

2,307

3,317

3,240

3,389

3,589

3,659

4,085

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

59

43

203

419

419

494

401

185

231

113

46

75

139

247

1,017

1,088

1,053

1,173

555

487

562

424

902

1,001

2,236

0

0

0

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: common stock issued

-

70,437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for the capital stock

-

8,465

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

257,478

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-