|
Income Statement for
Farmers & Merchants Bancorp
(FMCB)
|
|
|
|
|
|
|
| Income
[+]
|
in Thousands of Dollars |
|
| Loans |
- |
- |
72,643 |
74,901 |
77,924 |
| Investment Securities |
12,583 |
2,567 |
2,756 |
16,317 |
14,860 |
| Lease Financing Income |
- |
- |
- |
- |
- |
| Other Interest Income |
- |
- |
8,971 |
- |
- |
| Federal Funds Sold/Purchased |
- |
60,000 |
60,000 |
60,000 |
60,000 |
| Interest Bearing Deposits |
110 |
117 |
91 |
- |
- |
| Loans Held for Resale |
- |
- |
- |
- |
- |
| Trading Account Securities |
- |
- |
- |
- |
- |
| Time Deposits Placed |
- |
- |
- |
- |
- |
| Other Money Market Investments |
- |
- |
- |
- |
- |
| Total Money Market Investments |
110 |
117 |
91 |
96 |
424 |
| Total Interest Income |
78,491 |
82,354 |
84,461 |
91,314 |
93,208 |
| Deposits |
3,739 |
5,463 |
7,168 |
13,746 |
22,374 |
| Short-Term Debt |
- |
- |
- |
- |
- |
| Long-Term Debt |
1,401 |
2,511 |
2,517 |
2,585 |
2,410 |
| Federal Funds Sold/Purchased |
- |
60,000 |
60,000 |
60,000 |
60,000 |
| Capitalized Lease Obligations |
- |
- |
- |
- |
- |
| Other Interest Expense |
5,140 |
7,974 |
- |
- |
- |
| Total Interest Income |
78,491 |
82,354 |
84,461 |
91,314 |
93,208 |
| Total Interest Expense |
(5,140) |
(7,974) |
(9,685) |
(16,331) |
(24,784) |
| Net Interest Income |
73,351 |
74,380 |
74,776 |
74,983 |
68,424 |
| Loan Loss Provision |
(1,850) |
(6,775) |
(14,735) |
(15,420) |
(7,998) |
| Net Interest Income After Loan Loss Provision |
71,501 |
67,605 |
60,041 |
59,563 |
60,426 |
| Trust Fees by Commissions |
- |
- |
- |
- |
- |
| Service Charge on Deposit Accounts |
4,891 |
5,395 |
6,529 |
6,956 |
7,144 |
| Other Service Charges |
4,891 |
5,395 |
4,560 |
4,073 |
2,590 |
| Security Transactions |
N/A |
N/A |
2,895 |
5,371 |
1,503 |
| Premiums Earned |
- |
1,834 |
1,825 |
- |
- |
| Net Realized Capital Gains |
- |
- |
- |
- |
271 |
| Investment Banking Profit |
- |
- |
- |
- |
- |
| Other Non-Interest Income |
1,836 |
199 |
1,376 |
1,794 |
4,556 |
| Non-Interest Income |
14,110 |
12,274 |
17,185 |
18,194 |
16,064 |
| Salaries and Employee Benefits |
31,635 |
29,670 |
30,618 |
31,267 |
27,036 |
| Net Occupancy Expense |
5,693 |
5,423 |
5,027 |
5,132 |
5,309 |
| Promotion and Advertising |
- |
- |
- |
- |
532 |
| Property/Liability Insurance Claims |
- |
- |
2,286 |
2,496 |
- |
| Policy Acquisition Costs |
- |
- |
- |
- |
- |
| Amortization of Deferred Policy Acquisition Costs |
- |
- |
- |
- |
- |
| Current and Future Benefits Expense |
- |
- |
- |
- |
- |
| Other Non-Interest Expense |
7,974 |
7,013 |
6,008 |
7,534 |
7,226 |
| Income, Acquired in Process R&D |
- |
- |
- |
- |
- |
| Income, Restructuring and M&A |
- |
- |
- |
- |
- |
| Other Special Charges |
- |
- |
- |
- |
- |
| Non-Interest Expense |
5,140 |
7,974 |
(43,939) |
(46,429) |
(40,103) |
| Special Income/Charges |
- |
- |
- |
- |
- |
| Net Income Before Taxes |
90,751 |
87,853 |
33,287 |
31,328 |
36,387 |
| Premium Tax (Credit) |
- |
- |
- |
- |
- |
| Minority Interest |
- |
- |
- |
- |
- |
| Income Taxes |
(13,985) |
(12,642) |
(12,169) |
(11,315) |
(13,597) |
| Net Income from Continuing Operations |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
| Net Income from Discontinued Operations |
- |
- |
- |
- |
- |
| Net Income from Total Operations |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
| Extraordinary Income/Loss |
- |
- |
- |
- |
- |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Other Gains |
- |
- |
- |
- |
- |
| Total Net Income |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
| Normalized Income |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
| Net Income Available for Common |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
|
| Results
[+]
|
in Dollars (Preferred Dividends in Thousands) |
|
|
| Dividends Paid Per Share |
12.10 |
11.75 |
11.35 |
11.00 |
10.20 |
| Preferred Dividends |
- |
- |
- |
- |
- |
| Basic EPS from Continuing Operations |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Basic EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Total Operations |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Basic EPS from Extraordinary Inc |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Cum. Effect of Acct Chg |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Tax Loss Carryforward |
- |
- |
72,643 |
74,901 |
77,924 |
| Basic EPS from Other Gains(Loss) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS, Total |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
|
| Basic Normalized Net Income/Share |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
|
| Diluted EPS from Continuing Operations |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Diluted EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Total Operations |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Diluted EPS from Extraordinary Inc |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Cum. Effect of Acct Chg |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Other Gains(Loss) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS, Total |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
|
| Diluted Normalized Net Income/Share |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Revenues Year-to-Date |
92,601 |
94,628 |
101,646 |
109,508 |
109,272 |
| Income Year-to-Date from Total Operations |
23,349 |
22,209 |
21,118 |
20,013 |
22,790 |
| EPS Year-to-Date from Total Operations |
29.99 |
28.49 |
27.05 |
25.57 |
28.69 |
| Dividends Paid Per Share, Year-to-Date |
18.20 |
17.75 |
11.35 |
11.00 |
10.20 |
|
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