Farmers & Merchants Bank of Long Beach reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's interest income increased 5.7% to $48.0 million from $45.4 million in the comparable prior-year period, principally reflecting growth in the Bank's loan portfolio and investment securities. Net interest income rose 19.7% to $43.6 million from $36.4 million for the third quarter of 2008. The Bank's net income rose to $11.4 million, or $87.35 per diluted share, from $4.0 million, or $30.24 per diluted share, in the same period a year ago. EBIT was $19.4 million compared to $5.6 million for the same period a year ago. For the nine months, the company's interest income rose to $142.7 million, from $135.4 million reported for the same period in 2008. Net interest income increased to $128.1 million for the first nine months of 2009, from $107.5 million for the same period in 2008. The Bank's net income increased to $30.6 million, or $233.51 per diluted share, from $26.8 million, or $195.06 per diluted share for the same period in 2008. EBIT was $51.54 million compared to $42.5 million for the same period a year ago.

Farmers & Merchants Bank of Long Beach announced that its board of directors has declared a regular quarterly cash dividend of $21 per share on the bank's common stock. The dividend is payable on September 30, 2009 to shareholders of record as of September 15, 2009.

Farmers & Merchants Bank of Long Beach reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the 2009 second quarter, interest income increased 7.6% to $48.1 million from $44.7 million in the prior-year comparable period, mostly reflecting growth in the Bank's loan portfolio. Net interest income rose 20.3% to $43.4 million from $36.1 million for the second quarter of 2008. Net income totaled $9.1 million, or $69.52 per diluted share, compared with net income of $10.1 million, or $76.40 per diluted share, in the year-ago period. Net interest income after provision for loan losses was $33,419,358 against $28,317,105 for the same period last year. Income before income tax expense was $15,872,132 against $16,127,364 for the same period last year. Interest income for the first half of 2009 was $94.7 million compared with $90.1 million reported for the first half of 2008. Net interest increased 18.9% to $84.5 million for the first half of 2009 compared with $71.0 million in the six months ended June 30, 2008. Net income was $19.1 million, or $146.16 per diluted share, compared with $22.8 million, or $162.40 per diluted share for the first half of 2008. Net interest income after provision for loan losses was $66,463,887 against $61,295,999 for the same period last year. Income before income tax expense was $32,149,203 against $36,888,281 for the same period last year.