Dividends and Basic Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

Dividends and Basic Earnings Per Common Share [Abstract]

Dividends and Basic Earnings Per Common Share

6. Dividends and Basic Earnings Per Common Share

Farmers & Merchants Bancorp common stock is not traded on any exchange. The shares are primarily held by local residents and are not actively traded. On May 18, 2015, the Board of Directors of Farmers & Merchants Bancorp announced a mid-year cash dividend of $6.40 per share, a 1.6% increase over the $6.30 per share paid on July 1, 2014. The cash dividend was paid on July 1, 2015, to shareholders of record on June 9, 2015.

Basic earnings per common share amounts are computed by dividing net income by the weighted average number of common shares outstanding for the period. The following table calculates the basic earnings per common share for the three and six months ended June 30, 2015 and 2014.

	Three Months Ended June 30				Six Months Ended June 30,
(net income in thousands)	2015		2014		2015		2014
Net Income	$	6,749	$	6,104	$	13,152	$	12,386
Weighted Average Number of Common Shares Outstanding		785,782		777,882		785,575		777,882
Basic Earnings Per Common Share Amount	$	8.59	$	7.84	$	16.74	$	15.92