<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>2
<FILENAME>k24434exv21.txt
<DESCRIPTION>SUBSIDIARIES
<TEXT>
<PAGE>

                                                                      EXHIBIT 21

                SUBSIDIAIRIES OF FARMERS & MERCHANTS BANCORP, INC

                         FARMERS & MERCHANTS STATE BANK


                                       71

</TEXT>
</DOCUMENT>
