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Minimum Regulatory Capital Requirements (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 are as follows:

 

 

 

Actual

 

 

 

 

 

Minimum Capital Required

 

 

 

 

 

Required to be Considered
Well-Capitalized

 

 

 

 

 

 

(000's)

 

 

 

 

 

(000's)

 

 

 

 

 

(000's)

 

 

 

 

As of December 31, 2024

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Common Equity Tier 1 Capital
   (to Risk Weighted Assets):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

268,308

 

 

 

10.44

%

 

$

115,611

 

 

 

4.50

%

 

$

166,993

 

 

 

6.50

%

Farmers & Merchants State
   Bank

 

 

292,845

 

 

 

11.40

%

 

 

115,583

 

 

 

4.50

%

 

 

166,954

 

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Risk-Based Capital
   (to Risk Weighted Assets):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

328,808

 

 

 

12.80

%

 

 

205,530

 

 

 

8.00

%

 

 

256,913

 

 

 

10.00

%

Farmers & Merchants State
   Bank

 

 

318,527

 

 

 

12.40

%

 

 

205,482

 

 

 

8.00

%

 

 

256,852

 

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital
   (to Risk Weighted Assets):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

268,308

 

 

 

10.44

%

 

 

154,148

 

 

 

6.00

%

 

 

205,530

 

 

 

8.00

%

Farmers & Merchants State
   Bank

 

 

292,845

 

 

 

11.40

%

 

 

154,111

 

 

 

6.00

%

 

 

205,482

 

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Leverage Capital
   (to Adjusted Total Assets):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

268,308

 

 

 

8.12

%

 

 

132,235

 

 

 

4.00

%

 

 

165,294

 

 

 

5.00

%

Farmers & Merchants State
   Bank

 

 

292,845

 

 

 

8.81

%

 

 

132,967

 

 

 

4.00

%

 

 

166,209

 

 

 

5.00

%

 

 

 

 

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

%