{"id":35607,"date":"2026-07-14T17:00:00","date_gmt":"2026-07-14T15:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=eedf82f24693fbdcbe51c1d2cceba477"},"modified":"2026-07-14T17:00:00","modified_gmt":"2026-07-14T15:00:00","slug":"farmers-merchants-bank-of-long-beach-reports-2026-second-quarter-and-year-to-date-financial-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=35607","title":{"rendered":"Farmers & Merchants Bank of Long Beach Reports 2026 Second Quarter and Year-to-Date Financial Results"},"content":{"rendered":"

\nNote to our Stockholders:<\/b><\/p><\/a><\/a>

\nWe value our relationship with our stockholders and want to keep you updated about what\u2019s happening at the Bank. To do this, we need to be able to contact you directly. If your F&M shares are held through your brokerage, your account may be designated as an \u201cObjecting Beneficial Owner,\u201d (or \u201cOBO\u201d). Please ask your broker to designate you as a \u201cNon-Objecting Beneficial Owner,\u201d (or \u201cNOBO\u201d). This way, you\u2019ll receive our updates directly from F&M in a timely manner. If you have questions, call us at 562-499-4829 or email <\/i><\/b>Kevin.Tiber@FMB.com<\/i><\/b><\/a>.<\/i><\/b><\/p>

LONG BEACH, Calif.--(BUSINESS WIRE)--Farmers & Merchants Bank of Long Beach (\u201cF&M\u201d or the \u201cBank\u201d) (OTCQX: FMBL) today reported financial results for the second quarter ended June 30, 2026.<\/p>

\n\u201cThe positive operating trends and favorable comparisons in F&M\u2019s financial performance are continuing,\u201d said W. Henry Walker, Chief Executive Officer. \u201cOur second-quarter results reflected the strength of a proven banking model that has served our clients and shareholders well through many different economic cycles over more than a century. Thus far into 2026, the Federal Reserve\u2019s steady interest rate environment is allowing us to expand net interest margin and maintain a strong balance sheet with a stable deposit base.<\/p>

\n\u201cThe Bank\u2019s performance is the product of consistent execution over many years, which again was exemplified at quarter\u2019s end, with F&M\u2019s capital ratios far exceeding the regulatory capital requirements to meet the definition of a \u2018well-capitalized\u2019 financial institution.\u201d<\/p>

\nDaniel Walker F&M\u2019s Executive Chairman of the Board, said, \u201cWhile rates held steady and there were no headline-making developments in the banking sector during the quarter, that is often when the fundamentals matter most. We believe that shareholder value is driven through discipline and prudence, rather than pursuing short-term opportunities. The 2026 second quarter was another example of the validity of that approach.<\/p>

\n\u201cAs we proceed into the second half of the year, we continue to focus on credit quality and thoughtful loan growth, with a talented staff that is dedicated to providing the personal service our clients expect.\u201d<\/p>

\nOperating Results<\/b><\/p>

\nFor the second quarter of 2026, total interest and dividend income increased to $115.3 million, from $105.1 million in the second quarter of 2025. Total interest and dividend income for the six months ended June 30, 2026 increased to $227.4 million from $209.8 million reported for the six months ended June 30, 2025.<\/p>

\nTotal interest expense for the second quarter of 2026 was $35.2 million, compared with $38.2 million in the second quarter of 2025. Interest expense for the six months ended June 30, 2026 was $69.6 million, compared with $78.7 million a year ago.<\/p>

\nNet interest income before provision for credit losses for the second quarter of 2026 increased to $80.1 million, from $66.9 million for the second quarter of 2025. Net interest income before provision for credit losses for the six months ended June 30, 2026 was $157.8 million, compared with $131.0 million for the six months ended June 30, 2025.<\/p>

\nF&M\u2019s net interest margin improved to 2.81% for the second quarter of 2026, from 2.42% for the second quarter of 2025. Net interest margin was 2.76% for the six months ended June 30, 2026, compared with 2.35% for the same period in 2025.<\/p>

\nFor the second quarter of 2026, the Bank recorded a $3.3 million recapture of provision for credit losses, compared with a $3.3 million provision for credit losses recorded in the second quarter of 2025. For the six months ended June 30, 2026, the Bank recorded a $2.7 million recapture of provision for credit losses, compared with a $1.3 million provision for credit losses for the six months ended June 30, 2025.<\/p>

\nTotal non-interest income was $18.9 million for the second quarter of 2026, compared with $4.5 million for the same period last year. For the six months ended June 30, 2026, total non-interest income was $23.1 million, compared with $8.8 million for the six months ended June 30, 2025.<\/p>

\nTotal non-interest expense for the second quarter of 2026 was $55.3 million, compared with $49.4 million for the second quarter of 2025. Non-interest expense for the six months ended June 30, 2026 was $107.7 million, compared with $97.4 million for the six months ended June 30, 2025.<\/p>

\nSecond quarter 2026 net income increased to $35.5 million, or $256.32 per diluted share, from $13.9 million, or $112.71 per diluted share, for the second quarter of 2025. Net income for the six months ended June 30, 2026 was $57.4 million, or $413.60 per diluted share, compared with $30.7 million, or $249.01 per diluted share, for the six months ended June 30, 2025.<\/p>

\nBalance Sheet<\/b><\/p>

\nGross loans were $6.65 billion as of June 30, 2026, compared with $6.08 billion as of December 31, 2025. The Bank\u2019s allowance for loan losses totaled $84.0 million at June 30, 2026 and December 31, 2025, representing 1.27% of loans held-for-investment at June 30, 2026, and 1.39% of loans held-for investment at December 31, 2025.<\/p>

\nF&M\u2019s total deposits at June 30, 2026 amounted to $8.76 billion, compared with $8.95 billion at December 31, 2025. Noninterest-bearing deposits represented 33.53% of total deposits at June 30, 2026, and 34.58% at December 31, 2025.<\/p>

\nSecurities sold under repurchase agreements increased to $1.02 billion at June 30, 2026, from $883.2 million at December 31, 2025. Borrowings were $300 million at June 30, 2026 and December 31, 2025.<\/p>

\nTotal assets at June 30, 2026, were $11.77 billion, compared with $11.80 billion at December 31, 2025. Total stockholders\u2019 equity was $1.64 billion at June 30, 2026 and $1.61 billion at December 31, 2025.<\/p>

\nCapital<\/b><\/p>

\nCapital ratios are the foundation of safety in all banks, and F&M continues to exceed most national and regional banks in this area, as well as exceeding regulatory capital requirements to meet the definition of a \u201cwell-capitalized\u201d financial institution. As of June 30, 2026, the Bank\u2019s total risk-based capital ratio was 21.86%; tier 1 risk-based capital ratio was 20.65%; common equity tier 1 capital ratio was 18.25%; and tier 1 leverage ratio was 13.95%. The minimum capital adequacy ratios for a \u201cwell-capitalized\u201d bank are 10.00%, 8.00%, 6.50% and 5.00%, respectively.<\/p>

\nStock Repurchase Program<\/b><\/p>

\nDuring the six months ended June 30, 2026, the Bank repurchased 876 shares of its common stock for $7.4 million on the open market at an average repurchase price of $8,397.23 per share, under the $10 million stock repurchase plan that expired on May 9, 2026. The Board of Directors has approved an additional stock repurchase plan of up to $10 million through December 31, 2026.<\/p>

\nUnder the stock repurchase program, the Bank may purchase shares of its common stock through various means, including open market transactions and privately negotiated transactions, in each case, subject to applicable requirements and laws. To the extent the Bank repurchases shares, the number of shares repurchased and the timing of any repurchases will depend on a number of factors, including, but not limited to, stock price, trading volume, regulatory requirements, general business conditions and other factors. The Bank may choose to modify, suspend or discontinue such proposed repurchases at any time and anticipates that any such repurchases will be funded from existing cash and cash equivalents or future cash flow. An approved stock repurchase program does not obligate the Bank to repurchase any specific number of shares in any particular period.<\/p>

\nAbout Farmers & Merchants Bank of Long Beach<\/b><\/p>

\nFarmers & Merchants Bank of Long Beach (F&M) provides a distinctive white-glove banking experience through 27 Southern California branches, from San Clemente to Santa Barbara, and through its secure online and mobile banking platforms. Founded in 1907 by C.J. Walker, and today proudly led by the fourth generation of the Walker family, the Bank has devoted more than a century to building trusted relationships, rooted in personal service, integrity, safety and community commitment. Combining the strength and sophistication of a regional institution with the warmth and responsiveness of a community bank, F&M provides a wide range of commercial and consumer banking services designed to help businesses, individuals and families thrive at every stage of growth. With assets exceeding $11 billion, F&M is a California state-chartered bank, with deposits insured by the Federal Deposit Insurance Corporation (FDIC), and is an Equal Housing Lender. Please visit www.fmb.com<\/a> for more information.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
FARMERS & MERCHANTS BANK OF LONG BEACH<\/b><\/td>\n<\/tr>\n
Income Statements (Unaudited)<\/b><\/td>\n<\/tr>\n
(In thousands, except share and per share data)<\/b><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nThree Months Ended June 30,<\/b><\/td>\n\nSix Months Ended June 30,<\/b><\/td>\n<\/tr>\n
\n\n

\n2026<\/b><\/p><\/td>

\n

\n2025<\/b><\/p><\/td>

\n

\n2026<\/b><\/p><\/td>

\n

\n2025<\/b><\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Interest and dividend income:<\/b><\/td>\n\n\n\n\n\n\n\n\n<\/tr>\n
Loans<\/td>\n\n

\n$<\/p><\/td>

\n80,524<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n76,008<\/p><\/td>

\n

\n$<\/p><\/td>

\n155,936<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n150,950<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Investment securities<\/td>\n\n

\n\u00a0<\/p><\/td>

\n29,058<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n17,362<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n55,152<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n36,611<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Interest-bearing deposits in financial institutions<\/td>\n\n

\n\u00a0<\/p><\/td>

\n5,229<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n11,278<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n14,913<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n21,293<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Investments in FHLB and FRB stock<\/td>\n\n

\n\u00a0<\/p><\/td>

\n469<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n448<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,397<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n905<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total interest and dividend income<\/td>\n\n

\n\u00a0<\/p><\/td>

\n115,280<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n105,096<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n227,398<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n209,759<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Interest expense:<\/b><\/td>\n\n\n\n\n\n\n\n\n<\/tr>\n
Deposits<\/td>\n\n

\n\u00a0<\/p><\/td>

\n25,247<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n26,995<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n50,070<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n54,344<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Securities sold under repurchase agreements<\/td>\n\n

\n\u00a0<\/p><\/td>

\n6,999<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n8,221<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n13,679<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n16,603<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Borrowings<\/td>\n\n

\n\u00a0<\/p><\/td>

\n2,949<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,963<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n5,867<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n7,800<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total interest expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n35,195<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n38,179<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n69,616<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n78,747<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Net interest income before provision for credit losses<\/td>\n\n

\n\u00a0<\/p><\/td>

\n80,085<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n66,917<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n157,782<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n131,012<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

(Recapture) provision for credit losses<\/b><\/td>\n\n\n\n\n\n\n\n\n<\/tr>\n
Loans<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(2,300<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,100<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(1,300<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,100<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Reserve for unfunded loan commitments<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(1,000<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,200<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(1,400<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(800<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

Total (recapture) provision for credit losses<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(3,300<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,300<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(2,700<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,300<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Net interest income after (recapture) provision for credit losses<\/td>\n\n

\n\u00a0<\/p><\/td>

\n83,385<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n63,617<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n160,482<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n129,712<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Non-interest income:<\/b><\/td>\n\n\n\n\n\n\n\n\n<\/tr>\n
Service charges on deposit accounts<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,995<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,996<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,071<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,037<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Card income<\/td>\n\n

\n\u00a0<\/p><\/td>

\n247<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n292<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n456<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n496<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Other income<\/td>\n\n

\n\u00a0<\/p><\/td>

\n16,666<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,194<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n18,580<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,272<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total non-interest income<\/td>\n\n

\n\u00a0<\/p><\/td>

\n18,908<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,482<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n23,107<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n8,805<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Non-interest expense:<\/b><\/td>\n\n\n\n\n\n\n\n\n<\/tr>\n
Salaries and employee benefits<\/td>\n\n

\n\u00a0<\/p><\/td>

\n35,313<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n31,424<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n69,689<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n62,295<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

FDIC and other insurance expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,816<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,941<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,432<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,019<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Occupancy expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n4,242<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,986<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n8,321<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n7,948<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Software and equipment expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n4,873<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,447<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n9,729<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n8,891<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Other real estate owned expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n5<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n13<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Professional and legal services<\/td>\n\n

\n\u00a0<\/p><\/td>

\n2,364<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,414<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,466<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,504<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Marketing expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,579<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,682<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,015<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,901<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Other expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n5,131<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,547<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n9,096<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n6,873<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total non-interest expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n55,318<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n49,446<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n107,748<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n97,444<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Income before income tax expense<\/td>\n\n

\n\u00a0<\/p><\/td>

\n46,975<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n18,653<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n75,841<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n41,073<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Income tax expense<\/b><\/td>\n\n

\n\u00a0<\/p><\/td>

\n11,438<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,773<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n18,422<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n10,381<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Net income<\/b><\/td>\n\n

\n$<\/b><\/p><\/td>

\n35,537<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/b><\/p><\/td>

\n13,880<\/b><\/p><\/td>

\n

\n$<\/b><\/p><\/td>

\n57,419<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/b><\/p><\/td>

\n30,692<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per common share<\/td>\n\n

\n$<\/p><\/td>

\n259.04<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n113.74<\/p><\/td>

\n

\n$<\/p><\/td>

\n417.89<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n251.29<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Diluted earnings per common share<\/td>\n\n

\n$<\/p><\/td>

\n256.32<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n112.71<\/p><\/td>

\n

\n$<\/p><\/td>

\n413.60<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n249.01<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Basic weighted-average shares outstanding<\/td>\n\n

\n\u00a0<\/p><\/td>

\n120,924<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n122,030<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n121,140<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n122,138<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Diluted weighted-average shares outstanding<\/td>\n\n

\n\u00a0<\/p><\/td>

\n122,208<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n123,145<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n122,398<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n123,257<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
FARMERS & MERCHANTS BANK OF LONG BEACH<\/b><\/td>\n<\/tr>\n
Balance Sheets (Unaudited)<\/b><\/td>\n<\/tr>\n
(In thousands, except share and per share data)<\/b><\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\nJun. 30, 2026<\/b><\/td>\n\nDec. 31, 2025<\/b><\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Assets<\/span><\/b><\/td>\n\n\n\n\n<\/tr>\n
Cash and due from banks:<\/td>\n\n\n\n\n<\/tr>\n
Noninterest-bearing balances<\/td>\n\n

\n$<\/p><\/td>

\n89,956<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n65,062<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Interest-bearing balances<\/td>\n\n

\n\u00a0<\/p><\/td>

\n414,369<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,344,503<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total cash and due from banks<\/td>\n\n

\n\u00a0<\/p><\/td>

\n504,325<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,409,565<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Securities available-for-sale, at fair value<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,328,194<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n839,350<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Securities held-to-maturity, at amortized cost net of allowance for credit losses<\/td>\n\n

\n\u00a0<\/p><\/td>

\n3,073,883<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,266,193<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Loans held for sale<\/td>\n\n

\n\u00a0<\/p><\/td>

\n599<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,447<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Gross loans<\/td>\n\n

\n\u00a0<\/p><\/td>

\n6,646,799<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n6,076,581<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Unamortized deferred loan fees, net<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(12,035<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(10,479<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

Allowance for loan losses<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(83,976<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(84,020<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

Loans, net<\/td>\n\n

\n\u00a0<\/p><\/td>

\n6,550,788<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n5,982,082<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Investments in FHLB and FRB stock, at cost<\/td>\n\n

\n\u00a0<\/p><\/td>

\n27,703<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n22,262<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Bank premises and equipment, net<\/td>\n\n

\n\u00a0<\/p><\/td>

\n122,923<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n121,894<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Deferred tax assets, net<\/td>\n\n

\n\u00a0<\/p><\/td>

\n37,814<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n39,839<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Other assets<\/td>\n\n

\n\u00a0<\/p><\/td>

\n123,863<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n114,428<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total assets<\/b><\/td>\n\n

\n$<\/b><\/p><\/td>

\n11,770,092<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/b><\/p><\/td>

\n11,797,060<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Liabilities and Stockholders' Equity<\/span><\/b><\/td>\n\n\n\n\n<\/tr>\n
Liabilities:<\/b><\/td>\n\n\n\n\n<\/tr>\n
Deposits:<\/td>\n\n\n\n\n<\/tr>\n
Noninterest-bearing demand deposits<\/td>\n\n

\n$<\/p><\/td>

\n2,937,781<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n3,095,295<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Interest-bearing demand deposits<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,688,420<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,751,037<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Savings and money market savings<\/td>\n\n

\n\u00a0<\/p><\/td>

\n3,229,650<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,084,461<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Time deposits<\/td>\n\n

\n\u00a0<\/p><\/td>

\n906,796<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,020,001<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total deposits<\/td>\n\n

\n\u00a0<\/p><\/td>

\n8,762,647<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n8,950,794<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Securities sold under repurchase agreements<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,015,477<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n883,234<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Borrowings<\/td>\n\n

\n\u00a0<\/p><\/td>

\n300,000<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n300,000<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Other liabilities<\/td>\n\n

\n\u00a0<\/p><\/td>

\n55,875<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n56,745<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total liabilities<\/td>\n\n

\n\u00a0<\/p><\/td>

\n10,133,999<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n10,190,773<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Stockholders' Equity:<\/b><\/td>\n\n\n\n\n<\/tr>\n
Preferred Stock; issued 16,261 shares<\/td>\n\n

\n\u00a0<\/p><\/td>

\n190,884<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n190,884<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Common Stock, par value $20; authorized 250,000 shares; 120,914 and 121,802 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively<\/td>\n\n

\n\u00a0<\/p><\/td>

\n2,418<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n2,436<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Additional paid-in capital<\/td>\n\n

\n\u00a0<\/p><\/td>

\n155,793<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n162,243<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Retained earnings<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,301,092<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,251,367<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Accumulated other comprehensive loss<\/td>\n\n

\n\u00a0<\/p><\/td>

\n(14,094<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(643<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

Total stockholders' equity<\/td>\n\n

\n\u00a0<\/p><\/td>

\n1,636,093<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1,606,287<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total liabilities and stockholders' equity<\/b><\/td>\n\n

\n$<\/b><\/p><\/td>

\n11,770,092<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/b><\/p><\/td>

\n11,797,060<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\n\u00a0<\/p> Contacts<\/b>

\nKevin Tiber\nPresident\n562-499-4829<\/p>

\nRoger Pondel\nPondelWilkinson Inc.\nInvestor Relations\n310-279-5980\ninvestor@pondel.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Note to our Stockholders:
\nWe value our relationship with our stockholders and want to keep you updated about what\u2019s happening at the Bank. To do this, we need to be able to contact you directly. If your F&M shares are held through your brokerage, …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35607","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/35607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35607"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/35607\/revisions"}],"predecessor-version":[{"id":35608,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/35607\/revisions\/35608"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}