Farmers & Merchants Bancorp · OTC:FMCB

Farmers & Merchants Bancorp — OTC Markets Financial Services Virtual Investor Conference 2023

19 slides from Farmers & Merchants Bancorp's conference presentation, Sep 21, 2023

Slide 1: OTC Markets Financial Services Virtual Investor Conference
OTC Markets Financial Services Virtual Investor Conference (OTCQX: FMCB) September 21, 2023
Slide 2: Forward-Looking Statements
(FMCB) Forward-Looking Statements This presentation may contain certain forward-looking statements that are based on management's current expectations regarding the Company’s financial performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historica
Slide 3: With you today
(FMCB) With you today 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. Kent Steinwert – Chairman, President and Chief Executive Officer Bart Olson – Executive Vice President and Chief Financial Officer
Slide 4: Our Story
(FMCB) Our Story 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. Founded in 1916, F&M Bank is a locally owned and operated community bank with $5.3 billion in assets Headquartered in Lodi, California serving Central California through 32 convenient locations with a team
Slide 8: Recent Recognition
(FMCB) Recent Recognition 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. #1 Bank in the U.S. for 2022 across all asset sizes – Bank Director Magazine #1 Bank for 2022 with assets of $5.0 to $10.0 billion – Bank Director Magazine #1 Community Bank in California for 2021
Slide 14: Our Expertise in Agriculture
(FMCB) Our Expertise in Agriculture 14th largest Ag lender in the US as of 3/31/23 Uniquely located in the premier agricultural region of the Central Valley from a climate, soil and water perspective Ag lender for over 100 years Diversified Ag portfolio Ag related lending is $1.02 billion or 29.18%
Slide 15: Strong Credit Quality
(FMCB) Strong Credit Quality 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. Net recoveries of $2.9 million over the last 10 years Net charge-offs of $179 thousand in 2022 and net recoveries of $(227) thousand year-to-date as of 6/30/23 Non-performing loans of $375 thou
Slide 16: Shareholder Returns
(FMCB) Shareholder Returns Average annual total shareholders return of 13.4% over the last 26 years Annual cash dividend growth rate of 9.23% over the last 26 years Reduced the number of outstanding shares by 4.86% since 12/31/2019 Ranked 15th out of 50 public companies to be considered a “Dividend
Slide 17: Continuing High Performance in 2023
(FMCB) Continuing High Performance in 2023 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. Record first half net income of $44.9 million Net income of $84.4 million over trailing 12 months as of June 30, 2023 Net interest margin of 4.40%; cost of total deposits of 0.53%
Slide 18: Why Invest in FMCB
(FMCB) Why Invest in FMCB 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. Consistent earnings growth and superior shareholder returns History of 88 consecutive years of dividends with 58 years of increases Unique expertise in Ag lending results in a more diversified loa
Slide 19: Contact Information
(FMCB) Contact Information Kent Steinwert Chairman, President & Chief Executive Officer 209-367-2388 Bart Olson Chief Financial Officer 10 ©2023 Farmers & Merchants Bank of Central California. All Rights Reserved. 209-367-2485 bolson@fmbonline.com

Farmers & Merchants Bancorp — OTC Markets Financial Services Virtual Investor Conference 2023 on 6ix

Farmers & Merchants Bancorp — OTC Markets Financial Services Virtual Investor Conference 2023

Slide 1: OTC Markets Financial Services Virtual Investor Conference

Slide 2: Forward-Looking Statements

Slide 3: With you today

Slide 4: Our Story

Slide 5: #1 Performing Bank in the U.S. in 2022

Slide 6: ©2023 Farmers &

Slide 7: Our Geographic Markets

Slide 8: Recent Recognition

Slide 9: History of Steady & Reliable Growth

Slide 10: Balance Sheet Highlights

Slide 11: Profitable & Consistent Earnings

Slide 12: Strong Returns, Capital & Liquidity

Slide 13: Composition of Loans & Deposits

Slide 14: Our Expertise in Agriculture

Slide 15: Strong Credit Quality

Slide 16: Shareholder Returns

Slide 17: Continuing High Performance in 2023

Slide 18: Why Invest in FMCB

Slide 19: Contact Information