Dividends and Basic Earnings Per Common Share

6 Months Ended

Jun. 30, 2016

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 12, 2016, the Board of Directors of Farmers & Merchants Bancorp announced a mid-year cash dividend of $6.55 per share, a 2.3% increase over the $6.40 per share paid on July 1, 2015. The cash dividend was paid on July 1, 2016, to shareholders of record on June 10, 2016.

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, 2016 and 2015.

	Three Months Ended June 30,				Six Months Ended June 30,
(net income in thousands)	2016		2015		2016		2015
Net Income	$	7,332	$	6,749	$	14,504	$	13,152
Weighted Average Number of Common Shares Outstanding		792,387		785,782		792,141		785,575
Basic Earnings Per Common Share Amount	$	9.25	$	8.59	$	18.31	$	16.74