Farmers & Merchants Bancorp: Pay

Farmers & Merchants Bancorp paid its 5 named executives $2.9M in total in FY2025 (Dec). CEO Lars B. Eller was paid $969.3K of that.

Pay$100 in the stock at the end of FY20 → $113
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Lars B. EllerPresident and Chief Executive Officer (PEO)
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Barbara J. BritenrikerExecutive Vice President (PFO)
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Andrew S. BakerSenior Vice President
FY2025 (Dec)
1 year
David R. GerkenExecutive Vice President
FY2025 (Dec)
FY2024 (Dec)
2 years
Eric D. FaustExecutive Vice President
FY2025 (Dec)
FY2024 (Dec)
2 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 7 peers with pay on file was $1.5M. CEO pay of Farmers & Merchants Bancorp for that year is not on file.

  1. 1Civista Bancshares
  2. 2German American Bancorp
  3. 3Mercantile Bank
  4. 4First Internet Bancorp
  5. 5Choiceone Financial Services
  6. 6Lcnb
  7. 7Isabella Bank
  8. 8Farmers & Merchants BancorpNot disclosed
  9. 9Farmers National Banc Corp.Not disclosed
  10. 10Finward BancorpNot disclosed
  11. 11First Financial CorporationNot disclosed
  12. 12First Savings Financial Group, Inc.Not disclosed
  13. 13Horizon Bancorp, Inc.Not disclosed
  14. 14Independent BankNot disclosed
  15. 15Lakeland FinancialNot disclosed
  16. 16Macatawa Bank CorporationNot disclosed
  17. 17Middlefield Bank CorporationNot disclosed
  18. 18Richmond Mutual Bancorporation, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.