8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                October 27, 2005
                                ----------------
                        (Date of earliest event reported)

                           Farmers & Merchants Bancorp
                           ---------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                    --------
                 (State or other jurisdiction of incorporation)


            000 - 26099                                94-3327828
            -----------                                ----------
     (Commission File Number)             (IRS Employer Identification No.)


                  111 West Pine Street, Lodi, California 95240
                  --------------------------------------------
            (Address of principal executive offices)      (Zip Code)


                                 (209) 367-2300
                                 --------------
              (Registrant's telephone number, including area code)


                                 Not Applicable
                                 --------------
          (Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(C))



Item 2.02 Results of Operations and Financial Condition
          ---------------------------------------------

     On October 27, 2005, Farmers & Merchants Bancorp issued a press release
concerning financial results for the third quarter of 2005, a copy of which is
included as Exhibit 99.1 and incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits
          ---------------------------------

(c)     Exhibits:

        99.1   Press release concerning financial results for the third quarter
               of 2005.




                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       FARMERS & MERCHANTS BANCORP



                                       By    /s/ Stephen W. Haley

                                             Stephen W. Haley
                                             Executive Vice President
                                             & Chief Financial Officer


Date:  October 27, 2005

EX-99.1

                                                                    EXHIBIT 99.1

                           FARMERS & MERCHANTS BANCORP
                   REPORTS RECORD THIRD QUARTER 2005 EARNINGS

Kent A. Steinwert, President and Chief Executive Officer of Farmers & Merchants
Bancorp, announced that the Company earned record net income for the third
quarter and the nine month period ending September 30, 2005.  The results
represented THE 31ST CONSECUTIVE QUARTER that Farmers & Merchants Bancorp's net
income increased over the same period the prior year.

Farmers & Merchants Bancorp reported record net income of $4.75 million for the
quarter ending September 30, 2005.  Earnings per share of common stock
outstanding for the third quarter were $5.74, up 13.4% from the third quarter of
the prior year. In addition, loans outstanding grew 12.2%, total core deposits,
excluding time deposits, increased 6.2%, and total average assets were $1.27
billion up 7.2% over the third quarter of 2004. Return on average assets for the
quarter was 1.50%, and return on average equity was 15.73%, an improvement of 76
basis points over the third quarter of the prior year. The Company continues to
maintain a high quality loan portfolio with non-performing assets as of
September 30, 2005 totaling .03% of loans. In management's opinion, the
Company's loan loss reserve remains adequate at $17.91 million or 1.9% of total
gross loans.

For the nine month period ending September 30, 2005, net income reached a record
$13.77 million, and earnings per share of common stock were $16.59, up 13.6%
over the same period in the prior year.  Return on average assets for the nine
month period was 1.47%, and return on average equity was 15.31%, an improvement
of 77 basis points over the prior year.

Steinwert stated, "We continue to be very pleased with our financial
performance. During the third quarter our net interest margin further
strengthened which, when combined with continued year-over-year loan and core
deposit growth, demonstrates our ability to penetrate markets and deliver strong
earnings results. Considerable attention continues to be focused on the
Company's previously announced branch expansion program, a key element in our
strategy to provide a solid platform for future growth and profitability."

Farmers & Merchants Bancorp is the parent of Farmers & Merchants Bank of Central
California, also known as F&M Bank. Founded in 1916, the institution is a full
service community bank and proudly serves California's Great Central Valley
through 19 branch offices conveniently located from Sacramento to Turlock.

================================================================================

FORWARD LOOKING STATEMENTS

Statements concerning future performance, developments or events, expectations
for growth and income forecasts, and any other guidance on future periods,
constitute forward-looking statements that are subject to a number of risks and
uncertainties. Actual results may differ materially from stated expectations.
Specific factors include, but are not limited to, loan production, balance sheet
management, expanded net interest margin, the ability to control costs and
expenses, interest rate changes and financial policies of the United States
government and general economic conditions. Additional information on these and
other factors that could affect financial results are included in our Securities
and Exchange Commission filings. The Company disclaims any obligation to update
any such factors or to publicly announce the results of any revisions to any
forward-looking statements contained herein to reflect future events or
developments.