<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>2
<FILENAME>k91865exv21.txt
<DESCRIPTION>SUBSIDIARIES OF FARMERS & MERCHANTS BANCORP, INC.
<TEXT>
<PAGE>

SUBSIDIARIES OF FARMERS & MERCHANTS BANCORP, INC                    Exhibit 21

FARMERS & MERCHANTS STATE BANK

FARMERS & MERCHANTS LIFE INSURANCE COMPANY
</TEXT>
</DOCUMENT>
