FMCO news

The bank posted $2.9 million more net interest income due to higher asset yields and lower liability costs, pulling back on credit provisions. The results boosted annualized returns on assets to 0.88% and equity to 11.58% for the period.

The company established a comprehensive Code of Ethics governing conduct standards for all directors, officers, and employees, covering conflicts of interest, confidentiality, financial responsibility, and gift policies. The filing reflects regulatory compliance efforts typical for financial institu…