CEO Total Pay
$2.3M
FY2023 Summary Compensation, below median
FMAO FY2023 SEC EDGAR DEF 14A
Farmers & Merchants Bancorp Inc CEO pay ratio
The CEO earned $2.3M in FY2023 against median worker pay of $46,148 · Depository Institutions.
- State
- OH
- Filing date
- 2024-03-15
- Industry
- Depository Institutions
- Fiscal year
- FY2023
Data updated August 2026
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CEO-to-worker pay ratio
50:1
Below Average (Scale: 0–1000:1)
CEO pay
$2.3M
Median worker
$46,148
Latest filing FY2023. This company's newest DEF 14A on file is for FY2023, not FY2025, so the figures on this page are from that earlier year and are not ranked against the FY2025 industry benchmark. Industry pages mark issuers like this one with a "Latest filing" label.
Answer first
Farmers & Merchants Bancorp Inc reported a 50:1 CEO-to-worker pay ratio in FY2023 - above the Depository Institutions median of 43:1 across 136 filers.
Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Depository Institutions companies.
- Pay ratio
- 50:1
- FY2023 disclosed
- CEO total
- $2.3M
- Summary Compensation Table total
- Median worker
- $46,148
- Dodd-Frank median employee
Ratio bands among Depository Institutions peers
Exclusive CEO-to-median-worker bands across 124 complete latest-FY filings in SIC 60. Segments sum to the peer set, not this company's compensation pillar.
CEO Compensation Breakdown, FY2023
A component-level pay breakdown is not reported in Farmers & Merchants Bancorp Inc's structured SEC pay-ratio disclosure. See our methodology →
Industry Comparison - Depository Institutions
This Company's Ratio
50:1
Industry Median Ratio
43:1
Industry Median CEO Pay
$3.0M
This CEO's Pay
$2.3M
Companies in Industry
136
vs. Industry Median
Above
Farmers & Merchants Bancorp Inc: MODEST · MID$ pay ratio
Farmers & Merchants Bancorp Inc disclosed 50:1 CEO-to-worker pay and $2.3M CEO total in FY2023. the CEO earned 50× the median employee ($46,148) in FY2023.
Median employee $46,148 (PAR-MED); MODEST · MID$ stamps put about 50 median-wage years per CEO year.
Pay Ratio
50:1
Below typical
What FY2023 shows for Farmers & Merchants Bancorp Inc
Farmers & Merchants Bancorp Inc disclosed 50:1 CEO-to-worker pay and $2.3M CEO total in FY2023. The structured pay-ratio disclosure reports the total without line-item components. Depository Institutions (SIC 60) median ratio is 43:1 across 136 FY2025 filers; Farmers & Merchants Bancorp Inc's $2.3M CEO total is at or below the $3.0M industry median CEO pay.
Farmers & Merchants Bancorp Inc stamps MODEST · MID$ · PAR-MED; grant-date fair value (not realized pay) is what the DEF 14A reports. Open Depository Institutions peers.
Key Data, FY2023
- Total Compensation
- $2.3M
- Median Employee Pay
- $46,148
- Pay Ratio
- 50:1
- Filing Date
- 2024-03-15
Company Info
- Ticker
- FMAO
- CIK
- 792966
- Industry
- Depository Institutions
- SIC Code
- 6035
- State
- OH
SEC EDGAR DEF 14A for CIK 792966, FY2023. Informational only, not investment advice. Verify on EDGAR.
Read our methodology - how this data is sourced, computed, and verified. Farmers & Merchants Bancorp Inc disclosed 50:1 CEO-to-worker pay and $2.3M CEO total in FY2023.
Read with Farmers & Merchants Bancorp Inc
ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MODEST · MID$ · PAR-MED.
Maravai Lifesciences Holdings, Inc. · MID$
ABS(ceo_total_comp) peer at $2.3M (Δ $6K lighter vs Farmers & Merchants Bancorp Inc); FLOOR · ELITE-MED vs this page's MODEST · MID$ · PAR-MED.
Tpi Composites, Inc · MID$
ABS(ceo_total_comp) peer at $2.3M (Δ $7K heavier vs Farmers & Merchants Bancorp Inc); STEEP · LOW-MED vs this page's MODEST · MID$ · PAR-MED.
Kinetik Holdings Inc. · MID$
ABS(ceo_total_comp) peer at $2.3M (Δ $15K heavier vs Farmers & Merchants Bancorp Inc); FLOOR · ELITE-MED vs this page's MODEST · MID$ · PAR-MED.
Li-Cycle Holdings Corp. · MID$
ABS(ceo_total_comp) peer at $2.3M (Δ $16K heavier vs Farmers & Merchants Bancorp Inc); FLOOR · ELITE-MED vs this page's MODEST · MID$ · PAR-MED.
Depository Institutions benchmark
Farmers & Merchants Bancorp Inc stamps MODEST · MID$ · PAR-MED inside SIC 60 - open the industry median board after the ABS peers.
Pay-ratio rankings · MODEST
See where MODEST · MID$ packages sit on the national leaderboard after reading Farmers & Merchants Bancorp Inc.
Ratio primer · MODEST
Farmers & Merchants Bancorp Inc's MODEST stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for Farmers & Merchants Bancorp Inc (CIK 792966), FY2023. See our methodology. Aggregated by PlainCEOPay as of August 2026.
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.