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Farmers & Merchants Bancorp FMAO Borrowings at Fair Value

Discontinued — last reported Q2 '26

Borrowings at Fair Value at other companies

PNC Financial Services logo
PNC Financial ServicesPNC
$4.4B+26.0%
Midland States Bancorp logo
Midland States BancorpMSBI
$27.02M-65.2%
Huntington Bancshares logo
Huntington BancsharesHBAN
Greene County Bancorp logo
Greene County BancorpGCBC
Home Bancorp logo
Home BancorpHBCP
First Mid Bancshares, Inc. logo
First Mid Bancshares, Inc.FMBH

Other financials

Income statement

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Revenue$34.4M+15.9%
Net income$11.8M+53.0%
EPS (diluted)$0.86+53.6%

Balance sheet

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Cash & equivalents$156.4M+77.3%
Total debt$5.7M-10.4%
Total equity$384.7M+9.7%
Total assets$3.5B+4.7%

Cash flow

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Operating cash flow$10.8M+878%
CapEx$209.0K-70.9%
Free cash flow$10.6M+2,651%

Valuation

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Market cap$429.57M+32.1%
P/E10.7×-0.3×
P/S3.3×+0.3×

Profitability

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Net margin30.7%+3.8pp
FCF margin31.8%+3.5pp

Returns & leverage

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Return on equity10.9%+2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Farmers & Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:SubordinatedDebt.

The official record: Farmers & Merchants Bancorp’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Farmers & Merchants Bancorp's borrowings at fair value?
Farmers & Merchants Bancorp (FMAO) reported borrowings at fair value of $34.99M in Q2 2026.
How has Farmers & Merchants Bancorp's borrowings at fair value changed year-over-year?
Farmers & Merchants Bancorp's borrowings at fair value increased by 0.3% year-over-year, from $34.88M to $34.99M.
What is the long-term trend for Farmers & Merchants Bancorp's borrowings at fair value?
Over 4 years (2021 to 2025), Farmers & Merchants Bancorp's borrowings at fair value has grown at a 0.3% compound annual growth rate (CAGR), from $34.47M to $34.93M.
What does borrowings at fair value mean?
This represents debt obligations that the bank has elected to measure at fair value rather than amortized cost. This accounting treatment allows for the alignment of the liability's valuation with the fair value of related assets, reducing accounting volatility. It provides transparency into the market-based cost of the bank's debt obligations.