<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>2
<FILENAME>k02351exv21.txt
<DESCRIPTION>SUBSIDIARIES OF FARMERS & MERCHANTS BANCORP, INC.
<TEXT>
<PAGE>

                                                                      Exhibit 21

SUBSIDIAIRIES OF FARMERS & MERCHANTS BANCORP, INC

                     FARMERS & MERCHANTS STATE BANK

                     FARMERS & MERCHANTS LIFE INSURANCE COMPANY

                                       62
</TEXT>
</DOCUMENT>
