{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-051353","form_type":"8-K","ticker":"FMAO","cik":"0000792966","company_name":"FARMERS & MERCHANTS BANCORP INC","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.987848+00:00","generated_at":"2026-06-03T03:33:37.259945+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"FMAO Q1 net income $5.4M ($0.39 EPS) down from $6.5M; loans up 3.9%, deposits up 4.3%","bullets":["Net income of $5.4M ($0.39 per diluted share) vs $6.5M ($0.47) in prior-year Q1; net interest income after provision up 6.2% from Q4 2023.","Total loans grew 3.9% to $2.54B; total deposits increased 4.3% to a record $2.62B.","Cash and cash equivalents surged 191.9% to $187.8M; total assets reached record $3.29B.","Nonperforming loans $19.4M (0.76% of loans) vs $7.7M a year ago, driven by a $16.5M agricultural relationship; net charge-offs 0.00%.","Quarterly dividend raised 4.8% to $0.22 per share; 29 consecutive years of annual dividend increases."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-051353","json":"https://secwatch.observer/filing/0000950170-24-051353.json","markdown":"https://secwatch.observer/filing/0000950170-24-051353.md","text":"https://secwatch.observer/filing/0000950170-24-051353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792966/000095017024051353/0000950170-24-051353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792966/000095017024051353/fmao-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:33:37.259945+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e8d69825625193befad6b5ca4b4ff7737388fdf2","claim":"FARMERS & MERCHANTS BANCORP INC reported the 2024 first quarter ended March 31, 2024 results: net income $5.4 million, EPS $0.39 per basic and diluted share.","evidence_excerpt":"Net income for the 2024 first quarter ended March 31, 2024, was $5.4 million, compared to $6.5 million for the same period last year. Net income per basic and diluted share for the 2024 first quarter was $0.39, compared to $0.47 for the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792966/000095017024051353/0000950170-24-051353-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 2024 first quarter ended March 31, 2024"},{"label":"Net income","value":"$5.4 million"},{"label":"EPS","value":"$0.39 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}