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Farmers and Merchants Bank of Long Beach

Long Beach, CA · Cert 1225 · Palomar Enterprises LLC

State charter, Fed member · FED · 27 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

90

Q2 2024Q2 2026peer median (50)

Asset Quality

98

Q2 2024Q2 2026peer median (50)

Profitability

17

Q2 2024Q2 2026peer median (50)

Liquidity

58

Q2 2024Q2 2026peer median

Efficiency

31

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers and Merchants Bank of Long Beach

Long Beach, CA · Cert 1225 · Palomar Enterprises LLC

State charter, Fed member · FED · 27 branches

Q2 2026

$11.8BAssets
$6.6BLoans
$8.8BDeposits
$1.6BEquity
Loan mix
94%RE $5.6B2%C&I $0.1B3%Consumer $0.2BQ2 2025Q2 2026
Deposit mix
66%Interest-bearing $5.8B34%Noninterest $2.9BQ2 2025Q2 2026

NIM

3.58%Q2 ’243.69%Q2 ’253.86%Q2 ’26+22%+16%

Non-interest income vs. expense

1.61%Q2 ’241.69%Q2 ’251.80%Q2 ’26+8%-4%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2026 SOD (annual) · 1.3% share · #14 of 107 inst. · $8.7B of $667.8B

3.1% Orange
1.2% Los Angeles
0.7% Santa Barbara

Executive Summary

  • Earnings: ROA of 0.97%, up 44 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 0.01% of loans (-71 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 13.95%, up 178 bps from a year ago.
  • Funding: loans stand at 75.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.97%+44 bps YoY

Net Interest Margin (YTD, annualized)

2.68%+37 bps YoY

Efficiency Ratio (YTD, annualized)

60.58%-878 bps YoY

Tier 1 Leverage Ratio

13.95%+178 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.53%0.56%0.59%0.74%0.97%+44 bps
Return on Equity4.45%4.70%4.78%5.45%7.10%+265 bps
Net Interest Margin2.31%2.32%2.32%2.63%2.68%+37 bps
Efficiency Ratio69.36%69.38%68.39%63.70%60.58%-878 bps
Non-Interest Burden1.56%1.57%1.55%1.63%1.50%-6 bps
Growth
Asset Growth (YoY)-6.54%-3.29%0.92%3.22%3.29%+983 bps
Loan Growth (YoY)-0.60%-3.42%-6.08%-1.40%2.73%+333 bps
Deposit Growth (YoY)-1.42%1.15%2.07%2.78%0.86%+228 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.99%0.13%0.14%0.01%-71 bps
Net Charge-Offs / Loans0.04%0.11%0.13%0.00%-0.03%-6 bps
Allowance / Loans1.51%1.44%1.38%1.35%1.27%-24 bps
Allowance Coverage of NPLs2.1x1.5x10.7x9.7x91.6x+89.5x
Capital
Tier 1 Leverage Ratio12.18%12.15%13.49%13.61%13.95%+178 bps
Total Risk-Based Capital19.16%19.65%22.64%21.94%21.86%+269 bps
Equity / Assets12.18%12.08%13.62%13.56%13.90%+172 bps
Liquidity & Funding
Loans / Deposits74.34%70.27%67.79%70.81%75.72%+138 bps
Liquid Assets / Assets40.23%42.72%39.09%33.20%29.64%-1,059 bps
CRE / Total Capitaln/a368%310%311%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Farmers and Merchants Bank of Long Beach

Long Beach, CA · Cert 1225 · Peer group: banks over $10B in assets (n=142-144) · Palomar Enterprises LLC

State charter, Fed member · FED · 27 branches

Q2 2026

$11.8BAssets
$6.6BLoans
$8.8BDeposits
$1.6BEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 99% of banks over $10B in assets (rank 2 of 142).
  • Widest gap: return on equity trails 87% of banks over $10B in assets (rank 126 of 144).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.98%

Rank 112 of 144

Net Interest Margin

2.68%

Rank 120 of 144

Efficiency Ratio

60.58%

Rank 101 of 144

Equity / Assets

13.90%

Rank 21 of 144

Non-interest income vs. expense

$35.3M$212.6MINCOMEEXPENSE
Unfavorable gap of $177.3M · efficiency ratio beats 31% of banks over $10B in assets
Bank 60.58%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.98%1.00%1.26%1.54%Beats 22%112 / 144
Return on Equity7.02%8.98%11.34%14.40%Beats 13%126 / 144
Net Interest Margin2.68%2.82%3.31%3.68%Beats 17%120 / 144
Efficiency Ratio60.58%49.42%56.02%62.41%Beats 31%101 / 144
Asset Quality
Nonperforming Loans / Loans0.01%0.48%0.73%1.07%Beats 99%2 / 142
Net Charge-Offs / Loans0.00%0.05%0.11%0.22%Beats 96%7 / 142
Capital
Tier 1 Capital Ratio20.65%12.07%12.98%14.92%Beats 92%11 / 144
Total Risk-Based Capital Ratio21.86%13.39%14.14%16.25%Beats 92%11 / 144
Equity / Assets13.90%9.69%11.39%12.96%Beats 85%21 / 144
Liquidity & Funding
Loans / Deposits75.72%75.72%84.92%91.56%24th pctl108 / 143
Loans / Assets56.37%59.83%69.07%74.80%17th pctl119 / 144
Brokered Deposits / Depositsn/aNot reported for this institution