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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

$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 ’243.70%Q2 ’253.91%Q2 ’26+25%+15%

Non-interest income vs. expense

1.61%Q2 ’241.71%Q2 ’251.85%Q2 ’26+6%-13%

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 1.20%, up 72 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.01% of loans (-71 bps YoY), with net recoveries of 0.06%.
  • 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 (quarter, annualized)

1.20%+72 bps YoY

Net Interest Margin (quarter, annualized)

2.72%+36 bps YoY

Efficiency Ratio (quarter, annualized)

57.89%-1,104 bps YoY

Tier 1 Leverage Ratio

13.95%+178 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.49%0.63%0.67%0.74%1.20%+72 bps
Return on Equity4.01%5.20%5.19%5.45%8.76%+475 bps
Net Interest Margin2.36%2.41%2.51%2.63%2.72%+36 bps
Efficiency Ratio68.94%69.41%65.71%63.70%57.89%-1,104 bps
Non-Interest Burden1.58%1.63%1.61%1.63%1.37%-21 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 / Loans0.07%0.26%0.19%0.00%-0.06%-13 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