Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Credit Losses Provision : $-6.2 Mil (As of Mar. 2024)

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What is Farmers & Merchants Bank of Long Beach Credit Losses Provision?

Farmers & Merchants Bank of Long Beach's credit losses provision for the three months ended in Mar. 2024 was $-2.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $-6.2 Mil.

Farmers & Merchants Bank of Long Beach's quarterly credit losses provision increased from Sep. 2023 ($-3.6 Mil) to Dec. 2023 ($-0.1 Mil) but then declined from Dec. 2023 ($-0.1 Mil) to Mar. 2024 ($-2.5 Mil).

Farmers & Merchants Bank of Long Beach's annual credit losses provision increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($3.5 Mil) but then declined from Dec. 2022 ($3.5 Mil) to Dec. 2023 ($-3.7 Mil).

Farmers & Merchants Bank of Long Beach Credit Losses Provision Historical Data

The historical data trend for Farmers & Merchants Bank of Long Beach's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Farmers & Merchants Bank of Long Beach Credit Losses Provision Chart

Farmers & Merchants Bank of Long Beach Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.25

10.50

3.50

-3.70

Farmers & Merchants Bank of Long Beach Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.10	-	-3.60	-0.10	-2.50

Farmers & Merchants Bank of Long Beach Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.2 Mil.

Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers & Merchants Bank of Long Beach (OTCPK:FMBL) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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Address

302 Pine Avenue, Long Beach, CA, USA, 90802

Website

https://www.fmb.com

Farmers & Merchants Bank of Long Beach provides business banking products and services. It offers 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. The Bank also provides financing for residential loans, including single-family and multifamily loans.

Farmers & Merchants Bank of Long Beach (Farmers & Merchants Bank of Long Beach) Headlines

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