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Parent Company Financial Information
 12 Months Ended
Dec. 31, 2019
Parent Company Financial Information [Abstract]  
Parent Company Financial Information
21. Parent Company Financial Information

The following financial information is presented as of December 31 for the periods indicated.

Farmers & Merchants Bancorp
Condensed Balance Sheets

(in thousands)
 
2019
  
2018
 
Cash
 
$
1,341
  
$
335
 
Investment in Farmers & Merchants Bank of Central California
  
378,271
   
321,134
 
Investment Securities
  
411
   
409
 
Other Assets
  
102
   
(57
)
Total Assets
 
$
380,125
  
$
321,821
 
         
Subordinated Debentures
 
$
10,310
  
$
10,310
 
Liabilities
  
519
   
296
 
Shareholders’ Equity
  
369,296
   
311,215
 
Total Liabilities and Shareholders’ Equity
 
$
380,125
  
$
321,821
 

Farmers & Merchants Bancorp
Condensed Statements of Income

  
Year Ended December 31,
 
(in thousands)
 
2019
  
2018
  
2017
 
Equity (Loss) in Undistributed Earnings in Farmers & Merchants Bank of Central California
 
$
44,571
  
$
(26,488
)
 
$
5,575
 
Dividends from Subsidiary
  
13,166
   
73,010
   
23,575
 
Interest Income
  
17
   
16
   
13
 
Other Expenses, Net
  
(2,416
)
  
(1,527
)
  
(1,552
)
Tax Benefit
  
698
   
516
   
759
 
Net Income
 
$
56,036
  
$
45,527
  
$
28,370
 

Farmers & Merchants Bancorp
Condensed Statements of Cash Flows

  
Year Ended December 31,
 
(in thousands)
 
2019
  
2018
  
2017
 
Cash Flows from Operating Activities:
         
Net Income
 
$
56,036
  
$
45,527
  
$
28,370
 
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
            
(Equity) Loss in Undistributed Net Earnings from Subsidiary
  
(44,571
)
  
26,488
   
(5,575
)
Net (Increase) in Other Assets
  
(160
)
  
(125
)
  
(11,822
)
Net Increase (Decrease) in Liabilities
  
222
   
(942
)
  
112
 
Net Cash Provided by Operating Activities
  
11,527
   
70,948
   
11,085
 
Investing Activities:
            
Securities Sold or Matured
  
-
   
-
   
1
 
Payments for Business Acquisition
  
-
   
(28,642
)
  
-
 
Payments for Investments in Subsidiaries
  
(6,273
)
  
(10,503
)
  
(2,953
)
Net Cash Used by Investing Activities
  
(6,273
)
  
(39,145
)
  
(2,952
)
Financing Activities:
            
Stock Repurchased
  
-
   
(31,152
)
  
-
 
Issuance of Common Stock
  
6,973
   
10,503
   
2,953
 
Cash Dividends
  
(11,221
)
  
(11,151
)
  
(10,982
)
Net Cash Used by Financing Activities
  
(4,248
)
  
(31,800
)
  
(8,029
)
Increase in Cash and Cash Equivalents
  
1,006
   
3
   
104
 
Cash and Cash Equivalents at Beginning of Year
  
335
   
332
   
228
 
Cash and Cash Equivalents at End of Year
 
$
1,341
  
$
335
  
$
332