ARCHBOLD, Ohio — Farmers & Merchants Bancorp on Wednesday reported a second-quarter profit of $4.1 million, or 44 cents a share, up 28 percent from a year ago when the company had a profit of $3.2 million, or 35 cents a share.

The company, which is the parent firm of Farmers & Merchants State Bank, said its quarterly net interest income, an important measurement of a bank's health, was $9.9 million, up from $8.8 million a year ago. Provisions for loan losses were $132,000, up from $25,000 a year ago.

The company said that during the second quarter it upgraded its Waterville branch and will complete upgrades to its Perrysburg branch by the end of the third quarter.

First Published July 18, 2018, 8:45 p.m.