Item 2. Properties
Item 2.
Properties
Farmers & Merchants Bancorp and its subsidiaries are headquartered in Lodi, California. Executive offices are located at 111 W. Pine Street. We own our headquarters, loan servicing center, administrative
offices, warehouses and parking lots along with land for future banking locations. Banking services are provided in 30 branch locations in the Company's service area. Of the 30 branches, 20 are owned and 10 are leased. The expiration of these
leases occurs between the years 2025 and 2030, however most of these leases have extension options that typically range from 5 to 10 years. See Note 13 “Leases”, located in Item 8. “Financial Statements and Supplementary Data” in this Form 10-K.
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