FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

SRS Capital Advisors, Inc.'s Holding History (CIK: 0001586767)

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

Q4 2025

Shares 202 Value ($000) $5 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 125 Value ($000) $3 Avg Close $25.30 Range $22.50 - $27.73

Q4 2024

Shares 117 Value ($000) $3 Avg Close $28.62 Range $24.26 - $32.69

Q3 2024

Shares 162 Value ($000) $4 Avg Close $24.40 Range $19.82 - $27.29

Q2 2024

Shares 162 Value ($000) $4 Avg Close $20.32 Range $18.47 - $23.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	202	$5	$24.70	$22.57 - $28.14
Q3 2025	125	$3	$25.30	$22.50 - $27.73
Q4 2024	117	$3	$28.62	$24.26 - $32.69
Q3 2024	162	$4	$24.40	$19.82 - $27.29
Q2 2024	162	$4	$20.32	$18.47 - $23.48