36.90
+1.51%
Close of 9 Nov 2026, in USD
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About Farmers & Merchants Bancorp
From its filings with the US Securities and Exchange Commission
Farmers & Merchants Bancorp is based in Archbold, Ohio and is incorporated in Ohio. Its shares trade on Nasdaq under the ticker FMAO. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 31 December 2025, it reported net income of $33.3m. At that date it held total assets of $3.43bn and shareholders' equity of $370.9m.
Northwest Ohio, Northeast Indiana and Southeast Michigan, a substantial amount of the loan portfolio is comprised of loans made to customers in the agricultural industry for such items as farmland, farm equipment, livestock and operating loans for seed, fertilizer, and feed. Other types of lending activities include loans for home improvements and loans for such items as autos, trucks, recreational vehicles and motorcycles. With the expansion into newer market areas, the most recent increases in loan activity have been in commercial and industrial, providing operating lines of credit and machinery purchases, and commercial real estate. The Bank also operates three Loan Production Offices (LPOs), two in Ohio and one in Indiana.
The Bank also provides checking account services, as well as savings and time deposit services such as certificates of deposits. In addition, Automated Teller Machines (ATMs) or Interactive Teller Machines (ITMs) are provided at most branch locations along with other independent locations in the market area. ITMs operate as an ATM with the addition of remote teller access to assist the user. The Bank has custodial services for Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The Bank provides on-line banking access for consumer and business customers. For consumers, this includes bill-pay, on-line statement opportunities and mobile banking. For business customers, it provides the option of electronic transaction origination such as wire and Automated Clearing House (ACH) file transmittal.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 23 Nov 2004
- Employees
- 474
- Head office
- 307-11 N DEFIANCE ST, ARCHBOLD, OH, 43502
- Incorporated in
- OH
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Andrew BriggsChairman of the Board, since 2019$78,307
- Mr. Lars EllerPresident, Chief Executive Officer, Director, since 2018$925,165
- Mr. Kevin SauderIndependent Vice Chairman of the Board$70,007
- Mrs. Barbara BritenrikerChief Financial Officer, Executive Vice President, since 2023$481,783
- Mr. David GerkenExecutive Vice President, Chief Lending Officer$399,988
- Ms. Shalini SinghalSenior Vice President, Chief Information Officer$330,449
- Mr. Eric FaustSenior Vice President, Chief Risk Officer$363,799
- Mr. Ian BoyceIndependent Director$65,007
- Mr. Kevin FreyIndependent Director$10,060
- Ms. Lori JohnstonIndependent Director$70,007
- Dr. Marcia LattaIndependent Director$70,007
- Mr. Steven PlansonIndependent Director$65,007
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 55
- Environment
- 64
- Social
- 23
- Governance
- 77
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Farmers & Merchants Bancorp Inc has built a strong and reliable reputation in the banking industry. With decades of experience, the company has gained the trust and confidence of its customers.
- The company has consistently delivered strong financial results, exhibiting stability and profitability. This demonstrates its ability to effectively manage its resources and generate sustainable returns.
- Farmers & Merchants Bancorp Inc places a strong emphasis on customer satisfaction. By prioritizing the needs and preferences of their clients, the company strives to deliver personalized banking solutions and maintain long-term relationships.
Weaknesses
- Farmers & Merchants Bancorp Inc operates in a limited geographic area, which restricts its potential customer base and growth opportunities in other regions. This dependence on a single market can present challenges in expanding its market share.
- The company heavily relies on traditional banking methods, such as physical branch networks. In an era of rapid technological advancements and changing customer preferences, this may hinder its ability to adapt to digital banking trends effectively.
Opportunities
- Farmers & Merchants Bancorp Inc has the potential to expand its operations into new geographic locations. By capitalizing on untapped markets, the company can diversify its customer base and increase its overall market presence.
- By investing in and adopting modern digital banking technologies, Farmers & Merchants Bancorp Inc can enhance its customer experience and attract tech-savvy customers. Embracing innovations like online banking and mobile apps can provide a competitive edge in the industry.
Threats
- The banking industry is highly competitive, with numerous established players and emerging fintech companies. Farmers & Merchants Bancorp Inc faces the risk of losing market share to competitors who offer innovative products and services, potentially impacting its growth and profitability.
- Compliance with ever-changing banking regulations poses a challenge to Farmers & Merchants Bancorp Inc. Adapting to new rules and regulations can increase operational costs and potentially affect the company's ability to effectively serve its customers.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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