-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TysXlsCB2ogy7gWQz0zMKYn+Xu7CfnMPul7UqYqmtc+X/CwzHScq+JIPPKfu+BXR gS1CRFr9AdikvNI2/DTwrQ== 0001140361-06-014999.txt : 20061027 0001140361-06-014999.hdr.sgml : 20061027 20061027151250 ACCESSION NUMBER: 0001140361-06-014999 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061026 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061027 DATE AS OF CHANGE: 20061027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARMERS & MERCHANTS BANCORP CENTRAL INDEX KEY: 0001085913 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 943327828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26099 FILM NUMBER: 061168688 BUSINESS ADDRESS: STREET 1: 121 WEST PINE ST CITY: LODI STATE: CA ZIP: 95240-2184 BUSINESS PHONE: 2093672411 MAIL ADDRESS: STREET 1: FARMERS AND MERCHANTS BANCORP STREET 2: 121 WEST PINE ST CITY: LODI STATE: CA ZIP: 95240-2184 8-K 1 form8k.txt FARMERS AND MERCHANTS 8-K 10-26-2006 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 26, 2006 ---------------- (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 26, 2006, Farmers & Merchants Bancorp issued a press release concerning financial results for the third quarter of 2006, a copy of which is included as Exhibit 99 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits --------------------------------- (c) Exhibits: 99 Press release concerning financial results for the third quarter of 2006. 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 26, 2006 EX-99.1 2 ex99_1.txt EXHIBIT 99.1 FARMERS & MERCHANTS BANCORP REPORTS RECORD THIRD QUARTER 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 ending September 30, 2006. The results represented THE 35TH CONSECUTIVE QUARTER that Farmers & Merchants Bancorp's net income increased over the same period the prior year. Farmers & Merchants Bancorp reported net income of $5,333,000 for the quarter ending September 30, 2006. Earnings per share of common stock outstanding for the third quarter were $6.54, up 13.9% from the third quarter of the prior year. In addition, loans outstanding grew 9.6%, total core deposits, excluding public time deposits, increased 5.3%, and total assets at quarter end were $1,415,813,000, up 9.5% over the third quarter of 2005. Return on average assets for the quarter was 1.54%, and return on average equity was 16.8%, an improvement of 108 basis points over the third quarter of the prior year. The Company's loan quality has remained extremely high with non-performing assets, as of September 30, 2006, totaling only 0.01% of loans. In addition, the Company's loan loss reserve is 1.76% of loans. For the nine month period ending September 30, 2006, net income was $15,364,000 and earnings per share of common stock outstanding were $18.77, an increase of 13.1% over the prior year. Steinwert stated, "We are pleased with our third quarter results, particularly given the pressures that are being placed on the net interest margins at all banks. Over the past two years, as market interest rates increased substantially, management worked hard to reposition the Bank's balance sheet to reduce potential exposure to net interest income in the event of a flat or declining rate environment. When combined with other initiatives to increase non-interest revenues and pursue operational efficiencies, these balance sheet repositioning strategies should help us achieve our performance objectives throughout the remainder of 2006 and into 2007. Additionally, we are pleased to announce that our 20th branch was opened during October. Located in the Vintners Square shopping center, this branch will allow us to better serve the expanding consumer and small business markets in Lodi. Additional branches in Stockton and Turlock are planned in the near future." 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 20 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. -----END PRIVACY-ENHANCED MESSAGE-----