0001140361-14-004713.txt : 20140205 0001140361-14-004713.hdr.sgml : 20140205 20140205142515 ACCESSION NUMBER: 0001140361-14-004713 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140205 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140205 DATE AS OF CHANGE: 20140205 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: 14575673 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.htm FARMERS & MERCHANTS BANCORP 8-K 2-5-2014
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

February 5, 2014
(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:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 February 5, 2014, Farmers & Merchants Bancorp issued a press release concerning financial results for year-end 2013, 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 year-end 2013.

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:  February 5, 2014
 
 
 
 
 

 EX-99 2 ex99.htm EXHIBIT 99
Exhibit 99


FARMERS & MERCHANTS BANCORP REPORTS
RECORD EARNINGS IN 2013

Kent A. Steinwert, Chairman, President and Chief Executive Officer of Farmers & Merchants Bancorp, announced that the Company earned record net income of $24,061,000 for the year-ending December 31, 2013, an increase of $712,000 over the prior year. Basic earnings per common share were $30.93, return on average assets was 1.21% and return on average equity was 11.54%.

Total assets at year-end were $2.08 billion, up 5.1% over the prior year. Total loans & leases grew $141.3 million or 11.3% compared to the prior year. Total deposits grew 5.0% with low cost checking account balances growing $66.4 million or 9.2% year over year. Savings and money market accounts also grew $48.0 million or 8.9% for the year.

Importantly, the Company’s total risk based capital ratio was 14.0% at December 31, 2013, resulting in the highest possible regulatory classification of “well capitalized.” Asset quality remained very strong, as measured by non-performing loans which totaled only 0.19% of total loans at December 31, 2013.

Steinwert stated, “Despite continuing pressures on the industry’s net interest margin, we are very pleased with the Company’s 2013 return on average assets of 1.21%, which compared favorably to other banks in our geographic region. Farmers & Merchants Bancorp continues to maintain its position as one of the best performing banks in California.”

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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 locally owned and operated community bank which proudly serves California’s Great Central Valley through 23 convenient locations from Sacramento to Merced.  F&M Bank offers a full complement of loan, deposit, and treasury management services to both businesses and consumers, and has received BauerFinancial’s coveted “Five-Star, Superior Bank” award, for safety and security for over 20 consecutive years.
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, levels of net interest margin, the ability to control costs and expenses, interest rate changes and financial and regulatory 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.