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Minimum Regulatory Capital Requirements (Tables) | 12 Months Ended
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Dec. 31, 2023
Federal Home Loan Banks [Abstract] |
Summary of Bank's Actual and Required Capital Amounts and Ratios | The Company and Bank's actual and required capital amounts and ratios as of December 31, 2023 are as follows:
|  | Actual |  |  |  |  |  | Minimum Capital Required |  |  |  |  |  | Required to be Considered Well-Capitalized |  |  |  |
|  | (000's) |  |  |  |  |  | (000's) |  |  |  |  |  | (000's) |  |  |  |
As of December 31, 2023 |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Common Equity Tier 1 Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 251,649 |  |  |  | 9.75 | % |  | $ | 116,147 |  |  |  | 4.50 | % |  | $ | 167,768 |  |  |  | 6.50 | %
Farmers & Merchants State Bank |  |  | 276,467 |  |  |  | 10.77 | % |  |  | 115,534 |  |  |  | 4.50 | % |  |  | 166,882 |  |  |  | 6.50 | %
Total Risk-Based Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 297,179 |  |  |  | 11.51 | % |  |  | 206,484 |  |  |  | 8.00 | % |  |  | 258,105 |  |  |  | 10.00 | %
Farmers & Merchants State Bank |  |  | 301,176 |  |  |  | 11.73 | % |  |  | 205,393 |  |  |  | 8.00 | % |  |  | 256,742 |  |  |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 251,649 |  |  |  | 9.75 | % |  |  | 154,863 |  |  |  | 6.00 | % |  |  | 206,484 |  |  |  | 8.00 | %
Farmers & Merchants State Bank |  |  | 276,467 |  |  |  | 10.77 | % |  |  | 154,045 |  |  |  | 6.00 | % |  |  | 205,393 |  |  |  | 8.00 | %
Tier 1 Leverage Capital (to Adjusted Total Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | 251,649 |  |  |  | 7.86 | % |  |  | 128,081 |  |  |  | 4.00 | % |  |  | 160,102 |  |  |  | 5.00 | %
Farmers & Merchants State Bank |  |  | 276,467 |  |  |  | 8.66 | % |  |  | 127,674 |  |  |  | 4.00 | % |  |  | 159,593 |  |  |  | 5.00 | %
The following table presents the Bank’s actual and required capital amounts and ratios as of December 31, 2022.
|  | Actual |  |  |  |  |  | Minimum Capital Required |  |  |  |  |  | Required to be Considered Well-Capitalized |  |  |  |
|  | (000's) |  |  |  |  |  | (000's) |  |  |  |  |  | (000's) |  |  |  |
As of December 31, 2022 |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Common Equity Tier 1 Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Farmers & Merchants State Bank |  | $ | 259,510 |  |  |  | 11.15 | % |  | $ | 104,763 |  |  |  | 4.50 | % |  | $ | 151,324 |  |  |  | 6.50 | %
Total Risk-Based Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Farmers & Merchants State Bank |  |  | 281,085 |  |  |  | 12.07 | % |  |  | 186,245 |  |  |  | 8.00 | % |  |  | 232,806 |  |  |  | 10.00 | %
Tier 1 Capital (to Risk Weighted Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Farmers & Merchants State Bank |  |  | 259,510 |  |  |  | 11.15 | % |  |  | 139,684 |  |  |  | 6.00 | % |  |  | 186,245 |  |  |  | 8.00 | %
Tier 1 Leverage Capital (to Adjusted Total Assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Farmers & Merchants State Bank |  |  | 259,510 |  |  |  | 9.03 | % |  |  | 114,972 |  |  |  | 4.00 | % |  |  | 143,714 |  |  |  | 5.00 | %

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B + Details
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