Farmers & Merchants Bank of Long Beach Reports 2024 Second Quarter Results [Yahoo! Finance]
FRMRS&MER BK LONG BCH CAL (FMBL)
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farmers.com
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Source: Yahoo! Finance
LONG BEACH, Calif., July 18, 2024 BUSINESS WIRE )--Farmers & Merchants Bank of Long Beach ("F&M" or the "Bank") (OTCQX: FMBL) today reported financial results for the second quarter ended June 30, 2024. "F&M's second quarter performance demonstrated the Bank's resilience and strategic management of resources amidst the continued challenging external environment for regional banks," said W. Henry Walker, Chief Executive Officer. "We are staying true to our core values, which include conservative lending policies and maintaining a stable loan portfolio. At the close of the second quarter, our balance sheet remains strong, and we are pleased to report again that F&M's capital ratios far exceeded all regulatory requirements. "We continue working actively to improve the return on our investments and manage expenses, while meeting increased regulatory demands, since F&M was categorized last year as a regional, versus community, bank. Growth in lower cost deposits will significantly hel
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