Exhibit 99

Exhibit 99

Company Press Release dated February 8, 2018

Post Office Box 216   307 North Defiance Street   Archbold, Ohio 43502		NEWS RELEASE

Farmers & Merchants Bancorp, Inc. Reports Record

2017 Fourth-Quarter and Full-Year Financial Results

ARCHBOLD, OHIO, February 8, 2018 Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2017 fourth quarter and twelve months ended December 31, 2017.

2017 Fourth Quarter Financial Highlights Include (on a year-over-year basis unless noted):

(share data has been adjusted to reflect the two-for-one stock split on September 20, 2017)

2017 Full-Year Financial Highlights Include:

(share data has been adjusted to reflect the two-for-one stock split on September 20, 2017)

“Across the board, 2017 was an historic year of achievements for Farmers & Merchants as our bank attained record financial and operating results,” stated Paul S. Siebenmorgen, President and Chief Executive Officer. “During 2017, total loans increased 8.6% to a record $823,024,000, and profitability improved 9.1% to a record $12,720,000, driven by a net interest margin of 3.61%, which was an increase of five basis points over the prior year. The growth we achieved during 2017 was a direct result of the company’s focus on loan growth, the contribution of the three new branches we have opened in the past three years, and stable economic trends across our markets. I am pleased that we were able to share 2017’s success with our shareholders by increasing the company’s quarterly cash stock dividend twice during the year, as well as declaring a two-for-one stock split in August. The annual cash dividend, adjusted for the two-for-one stock split, increased 8.7% year-over-year to $0.50 per share, representing the 18th consecutive year F&M raised its annual cash dividend. Finally, I am encouraged by F&M’s improving investor awareness, as a result of the company’s strong 2017 operating and financial results, the uplisting to Nasdaq, the inclusion into the Russell 3000, and the two-for-one stock split.”

Income Statement

Net income for the 2017 fourth quarter ended December 31, 2017 was $3,436,000, or $0.37 per basic and diluted share, compared to $3,194,000, or $0.35 per basic and diluted share for the same period last year. The 7.6% improvement in net income for the 2017 fourth quarter was primarily due to a 12.0% increase in net interest income after provision for loan losses, partially offset by a 4.9% increase in noninterest expense.

Net income for the 2017 twelve months was $12,720,000, or $1.38 per basic and diluted share compared to $11,664,000, or $1.27 per basic and diluted share for the twelve months ended December 31, 2016. The 9.1% improvement in net income for 2017 was primarily due to a 10.9% increase in net interest income after provision for loan losses, partially offset by a 4.7% increase in noninterest expense.

The Tax Cuts and Jobs Act of 2017 did not have a material impact on F&M’s 2017 fourth quarter or full year financial results, and the company expects to benefit from a lower effective tax rate in 2018.

Loan Portfolio and Asset Quality

Total loans were $823,024,000, compared to $758,094,000 at December 31, 2016, and $795,205,000 at September 30, 2017. Total loans for 2017, compared to 2016, increased 8.6%, and were up 3.5% from the 2017 third quarter. Year-over-year loan growth was strong across many of the company’s lending areas and included an 8.8% increase in commercial real estate loans, a 15.6% increase in commercial and industrial loans, a 13.8% increase in consumer loans, an 2.7% increase in agricultural real estate loans, and a 12.5% increase in agricultural loans, partially offset by a 3.0% reduction in consumer real estate loans.

The company’s provision for loan losses for the 2017 fourth quarter was $25,000, compared to $197,000 for the 2016 fourth quarter. The provision for loan losses for 2017 was $222,000, compared to $1,121,000 in 2016.

F&M’s loan quality remains strong as the allowance for loan losses to nonperforming loans was 684.8% at December 31, 2017, compared to 490.4% at December 31, 2016. Net charge-offs for the year ended December 31, 2017 were $138,000, or 0.02% of average loans, compared to $394,000 or 0.05% of average loans, at December 31, 2016.

Stockholders’ Equity and Dividends

Tangible stockholders’ equity increased to $129,667,000 as of December 31, 2017, compared to $120,763,000 at December 31, 2016. On a per share basis, tangible stockholders’ equity at December 31, 2017 was $13.99 compared to $13.07 at December 31, 2016. The increase in tangible stockholders’ equity is the result of growth in retained earnings due to increased profitability. At December 31, 2017, the company had a Tier 1 leverage ratio of 12.02%, compared to 11.77% at December 31, 2016.

For 2017, the company declared cash dividends of $0.50 per share, which is an 8.7% increase over 2016’s declared dividend. For 2017, the dividend payout ratio was 34.72% compared to 32.97% for the same period last year.

Mr. Siebenmorgen concluded, “F&M remains well positioned in its local Northwest Ohio and Northeast Indiana markets, which continue to demonstrate favorable economic trends. While we had many financial and operating achievements during 2017, we are not complacent. Across all layers of the company we remain focused on executing our growth-oriented business plan and see significant growth opportunities throughout 2018 and beyond within our existing markets, as well as the three new markets we have entered in the past three years. The company continues to implement its proactive de novo growth strategy, and during the 2018 first quarter, F&M opened its 25th branch in Findlay, Ohio. I am excited to enter Hancock County and begin offering our community-oriented banking services to customer within this compelling market. Our 2017 financial results demonstrate the success we are having achieving our growth goals and we are optimistic 2018 will be another good year for the bank.”

About Farmer & Merchants State Bank:

The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services through its 25 offices. Our locations are in Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana we have offices located in DeKalb, Allen and Steuben counties.

Safe harbor statement

Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions or capital market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov.

FARMERS & MERCHANTS BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME & COMPREHENSIVE INCOME (Unaudited)

(in thousands of dollars, except per share data)

FARMERS & MERCHANTS BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2017 AND 2016

(in thousands of dollars)