FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Virtue Capital Management, LLC's Holding History (CIK: 0001729985)

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

Q1 2018

Shares 315 Value ($000) $13 Avg Close $31.01 Range $27.50 - $34.16

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	315	$13	$31.01	$27.50 - $34.16