Farmers & Merchants State Bank
Waterloo, WI — Non-member Bank
Active
Investment in Unconsolidated Subsidiaries Over Time
| Investment in Unconsolidated Subsidiaries | Farmers & Merchants State Bank | All Insured Commercial Banks in Wisconsin |
| 12-31-2016 | 22,000 | 160 |
| 09-30-2016 | 27,000 | 83 |
| 06-30-2016 | 23,000 | 22 |
| 03-31-2016 | 25,000 | 27 |
| 12-31-2015 | 18,000 | 26 |
| 09-30-2015 | 13,000 | 102 |
| 06-30-2015 | 5,000 | 71 |
| 03-31-2015 | 8,000 | 46 |
| 12-31-2014 | 8,000 | 85 |
| 09-30-2014 | 24,000 | 45 |
| 06-30-2014 | 22,000 | 45 |
| 03-31-2014 | 30,000 | 45 |
| 12-31-2013 | 31,000 | 157 |
| 09-30-2013 | 32,000 | 34 |
| 06-30-2013 | 29,000 | 0 |
| 03-31-2013 | 54,000 | 0 |
| 12-31-2012 | 46,000 | 24 |
| 09-30-2012 | 35,000 | 23 |
| 06-30-2012 | 25,000 | 23 |
| 03-31-2012 | 34,000 | 112 |
| 12-31-2011 | 31,000 | 112 |
| 09-30-2011 | 40,000 | 112 |
| 06-30-2011 | 49,000 | 228 |
| 03-31-2011 | 64,000 | 721 |
| 12-31-2010 | 109,000 | 207 |
| 09-30-2010 | 112,000 | 450 |
| 06-30-2010 | 100,000 | 464 |
| 03-31-2010 | 129,000 | 5,516,800 |
| 12-31-2009 | 133,000 | 5,323,400 |
| 09-30-2009 | 133,000 | 3,024,200 |
| 06-30-2009 | 134,000 | 2,623,833 |
| 03-31-2009 | 123,000 | 3,023,400 |
| 12-31-2008 | 147,000 | 4,071,000 |
| 09-30-2008 | 152,000 | 4,342,500 |
| 06-30-2008 | 158,000 | 3,909,333 |
| 03-31-2008 | 2,520,200 | |
| 12-31-2007 | 157,000 | 2,118,333 |
| 09-30-2007 | 113,000 | 2,153,667 |
| 06-30-2007 | 112,000 | 2,540,200 |
| 03-31-2007 | 119,000 | 2,205,167 |
| 12-31-2006 | 141,000 | 2,236,167 |
| 09-30-2006 | 140,000 | 1,964,714 |
| 06-30-2006 | 86,000 | 1,852,857 |
| 03-31-2006 | 88,000 | 1,989,500 |
| 12-31-2005 | 110,000 | 1,937,800 |
| 09-30-2005 | 70,000 | 1,904,800 |
| 06-30-2005 | 70,000 | 2,737,000 |
| 03-31-2005 | 2,709,333 | |
| 12-31-2004 | 2,265,667 | |
| 09-30-2004 | 1,761,750 | |
| 06-30-2004 | 1,729,750 | |
| 03-31-2004 | 1,663,000 | |
| 12-31-2003 | 1,609,250 | |
| 09-30-2003 | 1,904,000 | |
| 06-30-2003 | 1,829,333 | |
| 03-31-2003 | 1,774,333 | |
| 12-31-2002 | 2,425,000 |