FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 9,879 Value ($000) $244 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 8,968 Value ($000) $224 Avg Close $25.30 Range $22.50 - $27.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,879	$244	$24.70	$22.57 - $28.14
Q3 2025	8,968	$224	$25.30	$22.50 - $27.73