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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
Shareholders' Equity [Abstract]  
Compliance with Regulatory Capital Requirements under Banking Regulations

The Company’s actual and required capital amounts and ratios are as follows: 


   
March 31, 2022
 
   
Actual
   
Minimum Capital
Requirement
   
Well Capitalized
Requirment
 
(Dollars in thousands)
 
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
Farmers & Merchants Bancorp
                                   
CET1 capital to risk-weighted assets
 
$
463,607
     
11.63
%
 
$
179,354
     
4.50
%
   
N/A
     
N/A
 
Tier 1 capital to risk-weighted assets
   
473,607
     
11.88
%
   
239,139
     
6.00
%
   
N/A
     
N/A
 
Risk-based capital to risk-weighted assets
   
523,580
     
13.14
%
   
318,851
     
8.00
%
   
N/A
     
N/A
 
Tier 1 leverage capital ratio
   
473,607
     
8.45
%
   
224,315
     
4.00
%
   
N/A
     
N/A
 
                                                 
Farmers & Merchants Bank
                                               
CET1 capital to risk-weighted assets
 
$
472,965
     
11.87
%
 
$
179,339
     
4.50
%
 
$
259,046
     
6.50
%
Tier 1 capital to risk-weighted assets
   
472,965
     
11.87
%
   
239,119
     
6.00
%
   
318,826
     
8.00
%
Risk-based capital to risk-weighted assets
   
522,934
     
13.12
%
   
318,826
     
8.00
%
   
398,532
     
10.00
%
Tier 1 leverage capital ratio
   
472,965
     
8.94
%
   
211,642
     
4.00
%
   
264,552
     
5.00
%


   
December 31, 2021
 
   
Actual
   
Minimum Capital
Requirement
   
Well Capitalized
Requirment
 
(Dollars in thousands)
 
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
Farmers & Merchants Bancorp
                                   
CET1 capital to risk-weighted assets
 
$
450,687
     
11.68
%
 
$
173,674
     
4.50
%
   
N/A
     
N/A
 
Tier 1 capital to risk-weighted assets
   
460,687
     
11.94
%
   
231,566
     
6.00
%
   
N/A
     
N/A
 
Risk-based capital to risk-weighted assets
   
509,091
     
13.19
%
   
308,755
     
8.00
%
   
N/A
     
N/A
 
Tier 1 leverage capital ratio
   
460,687
     
8.92
%
   
206,606
     
4.00
%
   
N/A
     
N/A
 
                                                 
Farmers & Merchants Bank
                                               
CET1 capital to risk-weighted assets
 
$
459,813
     
11.91
%
 
$
173,664
     
4.50
%
 
$
250,847
     
6.50
%
Tier 1 capital to risk-weighted assets
   
459,813
     
11.91
%
   
231,551
     
6.00
%
   
308,735
     
8.00
%
Risk-based capital to risk-weighted assets
   
508,215
     
13.17
%
   
308,735
     
8.00
%
   
385,919
     
10.00
%
Tier 1 leverage capital ratio
   
459,813
     
8.91
%
   
206,426
     
4.00
%
   
258,033
     
5.00
%
Earnings Per Common Share

Earnings per common share have been computed based on the following:


   
Three Months
Ended March 31,
 
(Dollars in thousands, except share and per share amounts)
 
2022
   
2021
 
Numerator
           
Net income
 
$
17,058
   
$
16,713
 
                 
Denominator
               
Weighted average number of common shares outstanding
   
786,096
     
789,646
 
Weighted average number of dilutive shares outstanding
   
786,096
     
789,646
 
                 
Basic earnings per common share
 
$
21.70
   
$
21.17
 
Diluted earning per common share
 
$
21.70
   
$
21.17