Farmers & Merchants Bank of Long Beach : Annual Report - 2021
June 01, 2022
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Annual Report
2021
If 2020 was characterized by adjusting to the "new normal" of living through a pandemic, 2021 was about looking for the good at Farmers & Merchants Bank. And we found it everywhere - within our homes, workplaces, schools, houses of worship and communities. We did our best work at a time when we needed each other the most.
F&M Bank, California's Strongest, emerged from 2021 stronger, as evidenced by the year's
financial performance.
STATE OF THE BANK
Our Balance Sheet as of 12/31/21
$11.44 Billion
In Total Assets
$9.24 Billion
In Total Deposits
$5.37 Billion
In Total Net Loans
$1.24 Billion
Total Stockholders' Equity
125,628
Total Shares Outstanding
Our Risk-Based Capital Ratio
RBC
Regulatory8.00%Minimum
F&M18.63%Bank
Ratio
F&M's total risk-based capital (RBC) ratio was 18.63% on 12/31/21, more than DOUBLE the federally mandated adequacy levels.
Our Workplace
F&M at a Glance
749
114Y
Bank
California's
Employees
Strongest
25
Branch
Offices
Our Employee Snapshot
119
9Y
Internal
Average Employee
Promotions
Tenure
62%
59%
62%
57%
40%
Minority
Female
5+ Year
Working
Employee-
Workplace
Workplace
Tenure
Remotely
Referred Hires
2021
Snapshot of Client Engagement
$
$
45%
48%
in24.5B
4.18B
Increase in
Increase in
Online Banking
in Remote Deposit Capture
Positive Pay Accounts
Online Banking Logins
Transactions
(RDC) Deposits
Community Development Loans
252.4M
$
Combined Loans
$
25.6M
208
Santa Barbara County
Projects
7 Projects
$
82.4M
Los Angeles County
$
83.3M
$
131 Projects
61.1M
Other Areas
Orange County
12 Projects
58 Projects
In Our Communities
$
2.1M
$
441K
$
50K
$
40K
Total
In-Kind
FHLB Grant
Small Business
Donations
Donations
Support*
Grants
3*Through Federal Home Loan Bank of San Francisco (FHLB)
CONTENTS
Our Values
05
Board of Directors
06
Financial Information
07
Letter to Shareholders
08
Client Experience
10
Financial Report
15
4
Attachments
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Disclaimer
Farmers & Merchants Bank of Long Beach published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 19:12:07 UTC.
Farmers & Merchants Bank of Long Beach (the Bank) is a California state- chartered bank that offers a broad range of banking products and services to individuals, professionals and small to medium-sized businesses. It operates 26 branches in Californiaâs Los Angeles County, Orange County and Santa Barbara County, as well as through online and mobile banking platforms. The Bank as commercial bank, offers a range of banking products and services, including accepting demand, money market, savings, and time deposits; originating loans, including commercial real estate loans, construction loans, and commercial business loans; and providing other business-oriented banking products and services. It provides financing for residential loans, including single-family and multifamily loans. The Bank's loan portfolio consists of commercial and industrial, construction, commercial real estate, residential mortgage, equity lines, installment, and other loans. It also provides treasury management.
FARMERS & MERCHANTS BANK OF LONG BEACH 
