Farmers & Merchants Bancorp(US:FMAO)2025-06-27 11:18Financial Performance & Growth - Total assets increased to $3365 million as of December 31, 2024, a year-over-year growth of 2.5%[26] - Net interest income after provision for credit losses increased 7.5% year-over-year for full year 2024[28] - Deposits reached a record $2690 million as of December 31, 2024, a 3.0% year-over-year increase[32] - From 2019 to 2024, total deposits increased at a CAGR of 15.8%[48] - F&M funded $1423 million in PPP loans over two years, including $538 million in 2021[69] Market Position & Expansion - F&M's total deposits have increased 42.7%, or by $791 million from 2021 to 2024[16] - Deposits within F&M's Ohio markets have increased 45.8%, or by $607 million from 2021 to 2024[16] - Deposits within F&M's Indiana markets have increased 27.6%, or by $145 million from 2021 to 2024[16] - New offices opened in 2023 added $53.9 million of new deposits and $80.5 million in new loans during 2024[32] Digital Transformation & Loan Portfolio - Mobile customers increased by 27.26% in 2024[30] - Approximately 31% of F&M's loan portfolio is subject to reprice in the next 12 months as of December 31, 2024[56]