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866-437-0011
302 Pine Avenue
Long Beach, CA 90802

Farmers and Merchants Bank of Long Beach is headquartered in Long Beach and is the 16st largest bank in the state of California. It is also the 171st largest bank in the nation. It was established in 1907 and as of March of 2014, it had grown to 629 employees at 23 locations. Farmers and Merchants Bank of Long Beach has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Farmers and Merchants Bank of Long Beach had $40.52 million in non-current loans and owned real-estate with $821.85 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants Bank of Long Beach a Texas Ratio of 4.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Farmers and Merchants Bank of Long Beach decreased dramatically from 7.94% as of March 31, 2013 to 4.93% as of March 31, 2014, resulting in a positive change of 37.88%.This indicates that the balance sheet and financial strength for Farmers and Merchants Bank of Long Beach has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Farmers and Merchants Bank of Long Beach has increased its total deposits by $240.9 million, resulting in 6.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers and Merchants Bank of Long Beach has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers and Merchants Bank of Long Beach has $5.36 billion in assets with $821.85 million in equity, resulting in a capitalization level of 15.34%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1225
Year Established1907
Employees629
Primary RegulatorFED
Assets and Liabilities
Assets$5.36 billion
Loans$2.53 billion
Deposits$3.98 billion
Equity Capital$770.57 million
Loan Loss Allowance$51.28 million
Unbacked Noncurrent Loans$27.28 million
Real Estate Owned$13.24 million
Historic Data - March 2013
Assets$5.07 billion
Equity Capital$730.16 million
Loan Loss Allowance$50.47 million
Unbacked Noncurrent Loans$27.28 million
Real Estate Owned$18.89 million
Profit Margin - Quarterly
Net Interest Margin3.31%
Return on Assets1.06%
Return on Equity7.35%
Interest Income$43.33 million
Rates

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Farmers and Merchants Bank of Long Beach Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Health Savings Account
0.10%--Christmas Club Account
0.05%$10k-Market Rate Savings Account
0.05%$25-Super Sized Youth Savings Account

Farmers and Merchants Bank of Long Beach Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Market Rate Money Market Account

Farmers and Merchants Bank of Long Beach Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-IOC Account
0.05%$200-BOIC Account

Farmers and Merchants Bank of Long Beach CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$1k-60 Month Market Rate CD
0.90%$1k-48 Month Market Rate CD
0.50%$1k-36-47 Month Market Rate CD
0.40%$1k-24-35 Month Market Rate CD
0.25%$1k-12-23 Month Market Rate CD
0.15%$1k-182 Day Market Rate CD
0.05%$1k-7-31 Day Market Rate CD
0.05%$1k-91 Day Market Rate CD

Farmers and Merchants Bank of Long Beach IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-36 Month Market Rate IRA
0.40%$500-24 Month Market Rate IRA
0.35%$500-18 Month Market Rate IRA
0.30%$500-12 Month Market Rate IRA
0.20%$500-6 Month Market Rate IRA
Locations

Farmers and Merchants Bank of Long Beach has 21 locations. Click to view all Farmers and Merchants Bank of Long Beach locations.