Farmers and Merchants Bank of Long Beach in Long Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers and Merchants Bank of Long Beach - Overview

  • General
  • FDIC Certificate #: 1225
    Status: Active
    Federal Reserve ID: 871769
    Bank Holding Company (Regulatory Top Holder): Palomar Enterprises, Llc (RSSDID: 3649950, Location: Long Beach, CA)
    Date Established: November 20, 1907
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 22 (Domestic: 22, Interstate: No)
    FDIC's unique #: 840
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 Pine Avenue, Long Beach, CA 90802
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $4,659.3 mil
    Equity capital: $670.2 mil
    Deposits held in domestic offices: $3,393.5 mil
    Return on assets (ROA): 1.33% ($62.0 mil)
    Quarterly return on assets: 1.20% ($55.9 mil)
    Return on Equity (ROE): 9.12% ($61.1 mil)
    Quarterly return on equity: 8.27% ($55.4 mil)
    Net income: $59.1 mil
    Quarterly Net income: $13.8 mil
    Pretax return on assets: 2.04% ($95,050.6 mil)
    Quarterly Pretax return on assets: 1.75% ($81,538.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 586Total employees (full-time equivalent)
  • $4,659,345Total assets
  • $335,919Cash and due from depository institutions
  • $278,525Interest-bearing balances
  • $2,113,130Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,028,507Net loans & leases
  • $58,463Loan loss allowance
  • $0Trading account assets
  • $55,155Bank premises and fixed assets
  • $23,036Other real estate owned
  • $0Goodwill and other intangibles
  • $4,659,345Life insurance assets
  • $103,598All other assets
  • $3,989,129Total liabilities and capital
  • $3,393,478Total liabilities
  • $2,130,316Total deposits
  • $3,393,478Interest-bearing deposits
  • $42Deposits held in domestic offices
  • 555992.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $39,659Subordinated debt
  • $670,216All other liabilities
  • $670,216Total equity capital
  • $670,216Total bank equity capital
  • $0Perpetual preferred stock
  • $2,619Common stock
  • $12,044Surplus
  • $655,553Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,713Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $126,446Income earned, not collected on loans
  • $0Earning assets
  • $16,463Long-term assets (5+ years)
  • $4,420,162Average Assets, year-to-date
  • $2,183,148Average Assets, quarterly
  • $4,430,203Volatile liabilities
  • $4,584,443Insider loans
  • $2,479,563FHLB advances
  • $4,636,908Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $661,371Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $462,753Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $178,993Total interest income
  • $9,455Total interest expense
  • $169,538Net interest income
  • $14,200Provision for loan and lease losses
  • $20,304Total noninterest income
  • $0Fiduciary activities
  • $5,114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,190Additional noninterest income
  • $85,388Total noninterest expense
  • $41,814Salaries and employee benefits
  • $10,940Premises and equipment expense
  • $32,634Additional noninterest expense
  • $90,254Pre-tax net operating income
  • $174Securities gains (losses)
  • $31,310Applicable income taxes
  • $59,118Income before extraordinary items
  • $0Extraordinary gains - net
  • $59,118Net income attributable to bank
  • $0Net charge-offs
  • $59,118Cash dividends
  • $11,364Sale, conversion, retirement of capital stock, net
  • $14,271Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 0.23%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.04%Pretax return on assets
  • 9.12%Return on equity (ROE)
  • 6.92%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 124.96%Credit loss provision to net charge-offs
  • 9.19%Efficiency ratio
  • 44,978Assets per employee
  • 7.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.14%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 46.24%Noncurrent assets plus other real estate owned to assets
  • 3.21%Noncurrent loans to loans
  • 6.06%Net loans and leases to deposits
  • 59.78%Net loans and leases to core deposits
  • 67.27%Equity capital to assets
  • 14.38%Core capital (leverage) ratio
  • 14.26%Tier 1 risk-based capital ratio
  • 26.67%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $4,430,203Average earning assets
  • $648,036Average equity
  • $4,202,106Average loans

List of branches

  • 22 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0840Farmers And Merchants Bank Of Long B302 Pine Avenue, Long Beach, CA 90802November 20, 1907Full Service Brick and Mortar
    1188015Garden Grove Branch10422 Garden Grove Boulevard, Garden Grove, CA 92843October 14, 1955Full Service Brick and Mortar
    2188016Artesia Boulevard Branch3290 East Artesia Boulevard, Long Beach, CA 90805March 18, 1963Full Service Brick and Mortar
    4188018East Long Beach Branch3140 Anaheim Street, Long Beach, CA 90802April 16, 1962Full Service Brick and Mortar
    5188019Lakewood Branch5101 Lakewood Boulevard, Lakewood, CA 90712July 30, 1966Full Service Brick and Mortar
    6188020Bixby Knolls Center Branch4545 California Avenue, Long Beach, CA 90807January 24, 1970Full Service Brick and Mortar
    7188021Belmont Shore Branch4827 East Second Street, Long Beach, CA 90803December 18, 1971Full Service Brick and Mortar
    8188022Los Altos Branch2302 Bellflower Boulevard, Long Beach, CA 90815March 30, 1973Full Service Brick and Mortar
    10188023Lake Forest Branch23772 Rockfield Boulevard, El Toro, CA 92630May 02, 1981Full Service Brick and Mortar
    11188024Orange Branch1220 East Katella Avenue, Orange, CA 92867May 30, 1981Full Service Brick and Mortar
    1215394San Juan Capistrano Branch31873 Del Obispo Street, San Juan Capistrano, CA 92675October 28, 1975Full Service Brick and Mortar
    13254157Santa Ana Branch1750 East Seventeenth Street, Santa Ana, CA 92701October 27, 1980Full Service Brick and Mortar
    1514165West Fullerton Branch315 North Harbor Boulevard, Fullerton, CA 92832November 01, 1971Full Service Brick and Mortar
    1616173Town & Country Branch12535 Seal Beach Boulevard, Seal Beach, CA 90740March 20, 1980Full Service Brick and Mortar
    17188025Memorial Hospital Branch2801 Atlantic Avenue, Long Beach, CA 90806March 01, 1981Full Service Brick and Mortar
    18364408Rolling Hills Branch27525 Indian Peak Road, Rolling Hills, CA 90274December 13, 2001Full Service Brick and Mortar
    19419591Torrance Branch22400 Hawthorne Boulevard, Torrance, CA 90505January 09, 2003Full Service Brick and Mortar
    20442325Huntington Beach Branch7125 Yorktown Avenue, Huntington Beach, CA 92648August 16, 2004Full Service Brick and Mortar
    21442326Laguna Hills Branch24300 Paseo De Valencia, Laguna Hills, CA 92653August 16, 2004Full Service Brick and Mortar
    22453393Newport Beach Branch4695 Macarthur Ct, Newport Beach, CA 92660May 31, 2006Full Service Brick and Mortar
    23453959San Clemente Branch501 N El Camino Real, San Clemente, CA 92672June 07, 2006Full Service Brick and Mortar
    24466631Tustin Branch2691 Park Avenue, Tustin, CA 92780June 17, 2007Full Service Brick and Mortar

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