FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Capital Advisors, Ltd. LLC's Holding History (CIK: 0001597878)

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

Q4 2025
Shares 33 Value ($000) $0 Avg Close $24.70 Range $22.57 - $28.14
Q3 2025
Shares 33 Value ($000) $0 Avg Close $25.30 Range $22.50 - $27.73
Q2 2025
Shares 33 Value ($000) $0 Avg Close $23.36 Range $20.34 - $26.26
Q1 2025
Shares 33 Value ($000) $0 Avg Close $24.80 Range $21.86 - $28.80
Q4 2024
Shares 33 Value ($000) $0 Avg Close $28.62 Range $24.26 - $32.69
Q3 2024
Shares 33 Value ($000) $0 Avg Close $24.40 Range $19.82 - $27.29
Q2 2024
Shares 33 Value ($000) $0 Avg Close $20.32 Range $18.47 - $23.48
Q1 2024
Shares 33 Value ($000) $0 Avg Close $20.12 Range $17.68 - $23.54
Q4 2023
Shares 33 Value ($000) $0 Avg Close $18.30 Range $15.52 - $25.81
Q2 2023
Shares 4 Value ($000) $0 Avg Close $19.87 Range $16.05 - $22.71