Call reports 2024
FARMERS AND MERCHANTS BANK OF LONG BEACH — 2024
What FARMERS AND MERCHANTS BANK OF LONG BEACH reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 12,191,083,000 | 12,193,082,000 | 12,017,065,000 | 11,690,069,000 |
| Total loans | 6,592,307,000 | 6,497,844,000 | 6,455,156,000 | 6,460,312,000 |
| Allowance for loan losses | 97,501,000 | 97,510,000 | 95,916,000 | 96,585,000 |
| Securities available for sale | 110,593,000 | 98,181,000 | 257,906,000 | 281,219,000 |
| Securities held to maturity | 4,176,081,000 | 4,029,422,000 | 3,923,332,000 | 3,687,717,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,597,629,000 | 8,813,285,000 | 8,771,794,000 | 8,769,593,000 |
| Interest-bearing deposits | 5,797,325,000 | 5,992,345,000 | 5,890,948,000 | 5,860,995,000 |
| Noninterest-bearing deposits | 2,800,304,000 | 2,820,940,000 | 2,880,846,000 | 2,908,598,000 |
| Equity capital | 1,356,716,000 | 1,360,720,000 | 1,370,633,000 | 1,368,883,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 108,661,000 | 217,350,000 | 330,967,000 | 439,887,000 |
| Interest expense | 51,192,000 | 102,760,000 | 156,010,000 | 202,559,000 |
| Net interest income | 57,469,000 | 114,590,000 | 174,957,000 | 237,328,000 |
| Noninterest income | 7,266,000 | 10,629,000 | 14,050,000 | 18,680,000 |
| Noninterest expense | 49,129,000 | 98,049,000 | 145,835,000 | 196,618,000 |
| Provision for loan losses | -1,500,000 | -1,500,000 | -3,100,000 | -2,500,000 |
| Pretax income | 18,106,000 | 37,010,000 | 57,014,000 | 63,396,000 |
| Income tax | 5,104,000 | 10,474,000 | 16,132,000 | 18,518,000 |
| Net income | 13,002,000 | 26,536,000 | 40,882,000 | 44,878,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,359,047,000 | 1,361,409,000 | 1,368,427,000 | 1,363,229,000 |
| Total capital | 1,460,490,000 | 1,461,606,000 | 1,466,816,000 | 1,460,616,000 |
| Risk-weighted assets | 8,106,097,000 | 8,006,140,000 | 7,863,382,000 | 7,781,606,000 |