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Minimum Regulatory Capital Requirements (Tables)
 12 Months Ended
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

%