Farmers & Merchants Bancorp Inc. reported total assets of $3,391 million as of September 30, 2025, with no year-over-year growth. Total loans, net, increased by 4.9% year-over-year to $2,660 million, primarily driven by higher commercial real estate, commercial and industrial, agricultural real estate, and agricultural loans. Deposits rose 2.5% year-over-year to $2,750 million. Net interest income after provision for credit losses was $22 million for the third quarter of 2025, compared to $27 million in the same period of 2024. Over the five years from 2019 to 2024, total assets grew at a 15.9% CAGR and net income grew at a 7.1% CAGR. The company completed four bank acquisitions since 2019 and has focused on expanding digital services, increasing mobile customers by 27.3% in 2024, and diversifying noninterest income streams.