XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6

Loans (Tables)

3 Months Ended

Mar. 31, 2013

Loans [Abstract]

Loans

		(In Thousands)
Loans:		March 31, 2013				December 31, 2012
Commercial real estate		$	209,601			$	199,999
Agricultural real estate			35,898				40,143
Consumer real estate			77,160				80,287
Commercial and industrial			89,779				101,624
Agricultural			51,896				57,770
Consumer			19,489				20,413
Industrial Development Bonds			1,202				1,299
		$	485,025			$	501,535
Less: Net deferred loan fees and costs			(197	)			(133	)
			484,828				501,402
Less: Allowance for loan losses			(5,344	)			(5,224	)
Loans - Net		$	479,484			$	496,178

Maturity schedule by major category of loans

		(In Thousands)
		Within One Year				After One Year Within Five Years				After Five Years
Commercial Real Estate		$	44,598			$	98,274			$	66,729
Agricultural Real Estate			2,499				9,169				24,230
Consumer Real Estate			9,244				14,815				53,101
Commercial/Industrial			61,763				24,744				3,272
Agricultural			30,669				18,996				2,231
Consumer			4,898				12,602				1,792
Industrial Development Bonds			320				490				392

Distribution of fixed rate loans and variable rate loans by major loan category

		(In Thousands)
		Fixed Rate				Variable Rate
Commercial Real Estate		$	114,221			$	95,380
Agricultural Real Estate			26,672				9,226
Consumer Real Estate			62,672				14,488
Commercial/Industrial			67,170				22,609
Agricultural			48,375				3,521
Consumer			15,206				4,086
Industrial Development Bonds			1,202				—

Contractual aging of the recorded investment in past due loans by portfolio segment of loans

		(In Thousands)
March 31, 2013		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Financing Receivables				Recorded Investment > 90 Days and Accruing
Consumer real estate		$	613			$	—			$	310			$	923			$	76,237			$	77,160			$	—
Agricultural real estate			—				—				—				—				35,898				35,898				—
Agricultural			9				—				—				9				51,887				51,896				—
Commercial Real Estate			1,228				139				845				2,212				207,389				209,601				—
Commercial and Industrial			154				27				2,528				2,709				88,272				90,981				—
Consumer			27				18				3				48				19,244				19,292				3
Total		$	2,031			$	184			$	3,686			$	5,901			$	478,927			$	484,828			$	3

December 31, 2012		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Financing Receivables				Recorded Investment > 90 Days and Accruing
Consumer real estate		$	575			$	—			$	648			$	1,223			$	79,064			$	80,287			$	—
Agricultural real estate			—				—				—				—				40,143				40,143				—
Agricultural			11				—				—				11				57,759				57,770				—
Commercial Real Estate			—				—				877				877				199,122				199,999				—
Commercial and Industrial			78				—				2,567				2,645				100,278				102,923				—
Consumer			65				7				—				72				20,208				20,280				1
Total		$	729			$	7			$	4,092			$	4,828			$	496,574			$	501,402			$	1

Recorded investment in nonaccrual loans by portfolio segment of loans

		(In Thousands)
		March 31 2013				December 31 2012
Consumer real estate		$	689			$	964
Agricultural real estate			—				—
Agricultural			—				0
Commercial Real Estate			944				877
Commercial and Industrial			2,949				2,987
Consumer			—				—
Total		$	4,582			$	4,828

Risk category of loans by portfolio segment

		Agriculture Real Estate				Agriculture				Commercial Real Estate				Commercial and  Industrial				Industrial Development Bonds
(in Thousands)
March 31, 2013
1-2		$	2,255			$	2,883			$	3,264			$	57			$	—
3			13,837				16,509				52,354				22,021				858
4			18,979				32,469				139,030				60,990				344
5			790				35				8,672				2,404				—
6			37				—				6,237				1,600				—
7			—				—				44				2,707				—
8			—				—				—				—				—
Total		$	35,898			$	51,896			$	209,601			$	89,779			$	1,202

		Agriculture Real Estate				Agriculture				Commercial Real Estate				Commercial and  Industrial				Industrial Development Bonds
	December 31, 2012
	1-2								$				2,719									$	5,022			$	4,046			$	750			$	97
3			15,111				23,525				42,467				21,750				859
4			21,481				29,188				137,537				71,228				343
5			794				35				8,984				3,385				—
6			38				—				6,295				2,202				—
7			—				—				670				2,309				—
8			—				—				—				—				—
Total		$	40,143			$	57,770			$	199,999			$	101,624			$	1,299

Recorded investment in those classes based on payment activity and assigned risk grading

		(In Thousands)
		Consumer Real Estate				Consumer Real Estate
					March 31 2013						December 31 2012
	Grade
Pass		$	76,850			$	79,766
Special Mention (5)			—				—
Substandard (6)			33				110
Doubtful (7)			277				411
Total		$	77,160			$	80,287

		(In Thousands)
		Consumer - Credit								Consumer - Other
		March 31 2013				December 31 2012				March 31 2013				December 31 2012
	Performing								$				3,340						$	3,470			$	15,931			$	16,775
Nonperforming			—				3				21				32
Total		$	3,340			$	3,473			$	15,952			$	16,807

Schedule of Impaired loans

		(In Thousands)
		March 31, 2013				December 31, 2012				March 31, 2012
Impaired loans without a valuation allowance		$	1,119			$	730			$	362
Impaired loans with a valuation allowance			3,025				3,861				1,505
Total impaired loans		$	4,144			$	4,591			$	1,867
Valuation allowance related to impaired loans		$	860			$	865			$	191
Total non-accrual loans		$	4,582			$	4,828			$	2,923
Total loans past-due ninety days or more and still accruing		$	3			$	1			$	—
For three months ended:
Average investment in impaired loans		$	4,321			$	4,468			$	1,954

Impaired loans classified as troubled debt restructured

		March 31, 2013
Troubled Debt Restructurings		Number of Contracts Modified in the Last 3 Months				Pre- Modification Outstanding Recorded Investment				Post- Modification Outstanding Recorded Investment
	Commercial Real Estate												—			$	—			$	—
	Ag Real Estate												—				—				—
	Commercial and Industrial												1				81				43

Troubled Debt Restructurings That Subsequently Defaulted

Number of Contracts Modified in the Last 3 Months

Recorded Investment

Commercial Real Estate

—

$

—

Ag Real Estate

—

—

Commercial and Industrial

—

—

The following table represents three months ended March 31, 2012.

March 31, 2012

Troubled Debt Restructurings

Number of Contracts Modified in the Last 3 Months

Pre- Modification Outstanding Recorded Investment

Post- Modification Outstanding Recorded Investment

Commercial Real Estate

—

$

—

$

—

Ag Real Estate

—

—

—

Commercial and Industrial

—

—

—

Troubled Debt Restructurings That Subsequently Defaulted

Number of Contracts Modified in the Last 3 Months

Recorded Investment

Commercial Real Estate

—

$

—

Ag Real Estate

—

—

Commercial and Industrial

—

—

For the majority of the Bank’s impaired loans, the Bank will apply the observable market price methodology. However, the Bank may also utilize a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine observable market price, collateral asset values securing an impaired loan are periodically evaluated. Maximum time for re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained and heavily relied upon. Until such time that updated appraisals are received, the Bank may discount the collateral value used.

Loans individually evaluated for impairment by portfolio segment of loans

Three Months Ended March 31, 2013						Unpaid								Average				Interest
		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Consumer real estate		$	33			$	33			$	—			$	60			$	1
Agriculture real estate			—				—				—				—				—
Agriculture			—				—				—				—				—
Commercial real estate			801				1,225				—				207				—
Commercial and industrial			285				285				—				286				—
Consumer			—				—				—				—				—
With a specific allowance recorded:
Consumer real estate			277				349				79				131				3
Agriculture real estate			—				—				—				—				—
Agriculture			—				—				—				—				—
Commercial real estate			44				64				29				6,250				—
Commercial and industrial			2,704				2,704				751				2,743				—
Consumer			—				—				—				—				—
Totals:
Consumer real estate		$	310			$	382			$	79			$	191			$	4
Agriculture real estate		$	—			$	—			$	—			$	—			$	—
Agriculture		$	—			$	—			$	—			$	—			$	—
Commercial real estate		$	845			$	1,289			$	29			$	6,457			$	—
Commercial and industrial		$	2,989			$	2,989			$	751			$	3,029			$	—
Consumer		$	—			$	—			$	—			$	—			$	—

Three Months Ended March 31, 2012						Unpaid								Average				Interest
		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Consumer real estate		$	155			$	155			$	—			$	158			$	3
Agriculture real estate			—				—				—				—				—
Agriculture			—				—				—				—				—
Commercial real estate			207				384				—				207				—
Commercial and industrial			—				—				—				—				—
Consumer			—				—				—				—				—
With a specific allowance recorded:															—
Consumer real estate			312				312				65				390				3
Agriculture real estate			—				—				—				—				—
Agriculture			—				—				—				—				—
Commercial real estate			696				846				22				702				—
Commercial and industrial			493				493				104				493				—
Consumer			4				4				—				4				2
Totals:
Consumer real estate		$	467			$	467			$	65			$	548			$	6
Agriculture real estate		$	—			$	—			$	—			$	—			$	—
Agriculture		$	—			$	—			$	—			$	—			$	—
Commercial real estate		$	903			$	1,230			$	22			$	909			$	—
Commercial and industrial		$	493			$	493			$	104			$	493			$	—
Consumer		$	4			$	4			$	—			$	4			$	2

Analysis of the allowance for credit losses

		Consumer Real Estate				Agriculture Real Estate				Agriculture				Commercial Real Estate				Commercial				Consumer (incl. Credit Cards)				Unfunded Loan Commitment & Letters of Credit				Unallocated				Total
Three Months Ended March 31, 2013
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance		$	368			$	113			$	290			$	1,749			$	2,183			$	268			$	162			$	253			$	5,386
Charge Offs			(10	)			—				—				(20	)			—				(86	)			—				—			$	(116	)
Recoveries			4				—				1				—				15				49				—				—			$	69
Provision			101				(8	)			(31	)			(163	)			(226	)			25				—				469			$	167
Other Non-interest expense related to unfunded			—				—				—				—				—				—				10				—			$	10
Ending Balance		$	463			$	105			$	260			$	1,566			$	1,972			$	256			$	172			$	722			$	5,516
Ending balance: individually evaluated for impairment		$	79			$	—			$	—			$	29			$	752			$	—			$	—			$	—			$	860
Ending balance: collectively evaluated for impairment		$	384			$	105			$	260			$	1,537			$	1,220			$	256			$	172			$	722			$	4,656
Ending balance: loans acquired with deteriorated credit quality		$	1			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	1
FINANCING RECEIVABLES:
Ending balance		$	77,160			$	35,898			$	51,896			$	209,601			$	90,981			$	19,292			$	—			$	—			$	484,828
Ending balance: individually evaluated for impairment		$	310			$	—			$	—			$	845			$	2,990			$	—			$	—			$	—			$	4,145
Ending balance: collectively evaluated for impairment		$	76,850			$	35,898			$	51,896			$	208,756			$	87,991			$	19,292			$	—			$	—			$	480,683
Ending balance: loans acquired with deteriorated credit quality		$	556			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	556

		Consumer Real Estate				Agriculture Real Estate				Agriculture				Commercial Real Estate				Commercial				Consumer (incl. Credit Cards)				Unfunded Loan Commitment & Letters of Credit				Unallocated				Total
Three Months Ended March 31, 2012
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance		$	261			$	140			$	266			$	2,088			$	1,947			$	315			$	130			$	74			$	5,221
Charge Offs			(40	)			—			$	—				—				—				(86	)			—				—			$	(126	)
Recoveries			3				—				7				4				15				30				—				—			$	59
Provision			209				(51	)			(1	)			(522	)			(103	)			34				—				562			$	128
Other Non-interest expense related to unfunded			—				—				—				—				—				—				10				—			$	10
Ending Balance		$	433			$	89			$	272			$	1,570			$	1,859			$	293			$	140			$	636			$	5,292
Ending balance: individually evaluated for impairment		$	65			$	—			$	—			$	22			$	104			$	—			$	—			$	—			$	191
Ending balance: collectively evaluated for impairment		$	368			$	89			$	272			$	1,548			$	1,755			$	293			$	140			$	636			$	5,101
Ending balance: loans acquired with deteriorated credit quality		$	2			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	2
FINANCING RECEIVABLES:
Ending balance		$	79,716			$	31,814			$	54,084			$	200,865			$	105,111			$	21,652			$	—			$	—			$	493,242
Ending balance: individually evaluated for impairment		$	467			$	—			$	—			$	903			$	493			$	4			$	—			$	—			$	1,867
Ending balance: collectively evaluated for impairment		$	79,249			$	31,814			$	54,084			$	199,962			$	104,618			$	21,648			$	—			$	—			$	491,375
Ending balance: loans acquired with deteriorated credit quality		$	709			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	709

Contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs

		(In Thousands)
		Three Months Ended				Twelve Months Ended
		March 31, 2013				December 31, 2012
Allowance for Loan Losses
Balance at beginning of year		$	5,224			$	5,091
Provision for loan loss			167				738
Loans charged off			(116	)			(891	)
Recoveries			69				286
Allowance for Loan & Leases Losses		$	5,344			$	5,224
Allowance for Unfunded Loan Commitments & Letters of Credit		$	172			$	162
Total Allowance for Credit Losses		$	5,516			$	5,386

X

- Definition

Tabular disclosure of activities disclosure in allowance for credit losses.

+ References

No definition available.

+ Details

Name:	fmao_ActivitiesInAllowanceForCreditLossesTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contractual aging of the recorded investment in past due loans by class or loans.

+ References

No definition available.

+ Details

Name:	fmao_ContractualAgingOfRecordedInvestmentInPastDueLoansByClassOrLoansTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-off.

+ References

No definition available.

+ Details

Name:	fmao_ContributionProvidedByBothRecoveriesAndProvisionAlongWithReductionOfAllowanceCausedByChargeOffsTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fixed rate loans and variable rate loans by major loan category.

+ References

No definition available.

+ Details

Name:	fmao_DistributionOfFixedRateLoansAndVariableRateLoansByMajorLoanCategoryTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity schedule by major category of loans.

+ References

No definition available.

+ Details

Name:	fmao_MaturityScheduleByMajorCategoryOfLoansTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired loans classified as troubled debt restructure.

+ References

No definition available.

+ Details

Name:	fmao_RecordedInvestmentInThoseClassesBasedOnPaymentActivityAndAssignedGradingTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of risk category of loans.

+ References

No definition available.

+ Details

Name:	fmao_RiskCategoryOfLoansTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of loans individually evaluated for impairment by portfolio segment.

+ References

No definition available.

+ Details

Name:	fmao_ScheduleOfLoansIndividuallyEvaluatedForImpairmentByPortfolioSegmentTableTextBlock
Namespace Prefix:	fmao_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953682-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953676-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration