Mechanics Bank
Mechanics Bank reported total assets of $21.2 bn at Q2 2026, up 28.2% on a year earlier, the 101st largest of 497 banks in our US coverage. The CET1 capital ratio at Mechanics Bank was 15.48%, and the uninsured share of Mechanics Bank was 42.90%. Source: FDIC Call Reports.
Key takeaways
- Since , Mechanics Bank has taken over 4 institutions; the latest was HomeStreet Bank on (FDIC Call Reports).
- On noncurrent loans to total loans, Mechanics Bank slipped from 89th to 153rd among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Over the year to , the net loans and leases of Mechanics Bank rose by 46.4% to $13.4 bn, a bigger rise than at 97% of covered banks (FDIC Call Reports).
What sets Mechanics Bank apart
How large is Mechanics Bank?
The balance sheet of Mechanics Bank at : assets $21.2 bn, deposits $18.1 bn, net loans $13.4 bn (loans equal to 74.21% of deposits). Securities make up 25.5% of total assets at Mechanics Bank. Since , when Mechanics Bank held $3.6 bn, its assets grew 488.6%. In the year to , deposits at Mechanics Bank rose 29.5% while its total assets rose 28.2%. At , Mechanics Bank employed 1,753 full-time equivalent staff across 169 offices, about $12.1 mn of assets per employee and $107.1 mn of deposits per office.
How much funding at Mechanics Bank is uninsured?
At Mechanics Bank, uninsured deposits (above the FDIC limit) made up 42.90% of domestic deposits at (-2.44 pp on a year earlier); Mechanics Bank ranks 156th of 500 on this measure. In dollars, Mechanics Bank estimated $7.8 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $18.1 bn | +29.5% | 96th of 499 |
| Net loans and leases | $13.4 bn | +46.4% | 102nd of 500 |
| Loan-to-deposit ratio | 74.21% | +8.54 pp | 393rd of 500 |
| Tier 1 leverage ratio | 9.38% | -0.78 pp | 386th of 500 |
| Total risk-based capital ratio | 16.74% | -2.36 pp | 96th of 448 |
| Net interest margin | 3.71% | +0.25 pp | 224th of 500 |
| Return on assets (ROA) | 0.99% | -0.05 pp | 384th of 500 |
| Efficiency ratio | 58.78% | -0.62 pp | 309th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $166.7 mn | Narrowed by $24.9 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $17.6 mn | Narrowed by $19.0 mn | |
| Noncurrent loans to total loans | 0.41% | +0.20 pp | 153rd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.11% | -0.25 pp | 273rd of 500 (1 = lowest) |
US rank of Mechanics Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Mechanics Bank: assets, deposits and loans
- Total assets $21.2bn
- Deposits $18.1bn
- Net loans $13.4bn
Capital and securities
The CET1 ratio of Mechanics Bank stood at 15.48% in , -2.79 pp year on year. Low and high at Mechanics Bank since : 10.06% () to 20.08% (). Equity capital of Mechanics Bank at : $2.8 bn, or 13.3% of total assets. Mechanics Bank also reported a total capital ratio of 16.74% for , and a tier 1 leverage ratio of 9.38%.
On held-to-maturity securities, Mechanics Bank carried an unrealized loss of $166.7 mn at , equal to 5.9% of equity capital. The loss narrowed by $24.9 mn over the year. Its deepest point: $317.8 mn in . The available-for-sale portfolio of Mechanics Bank showed an unrealized loss of $17.6 mn at ; the loss narrowed by $19.0 mn over the year.
Mechanics Bank: capital ratios
- Total capital 17%
- CET1 15%
- Tier 1 leverage 9.4%
Mechanics Bank: unrealized securities gains and losses
- Available for sale -$18mn
- Held to maturity -$167mn
Profitability and loan quality
For the year to , Mechanics Bank earned a return on equity of 7.33%; return on assets: 0.99%. Net interest margin at Mechanics Bank: 3.71%, +0.25 pp in a year. Mechanics Bank net income: $107.7 mn, up 24.9% year on year. The efficiency ratio of Mechanics Bank was 58.78%: about 59 cents cost per revenue dollar, against 49 cents at the median peer.
At , noncurrent loans were 0.41% of total loans at Mechanics Bank; net charge-offs: 0.11% of average loans. Gross loans and leases at Mechanics Bank: $13.6 bn, up 46.9% in a year.
Mechanics Bank: profitability
- Return on equity 7.3%
- Net interest margin 3.7%
- Return on assets 1.0%
Peer group of Mechanics Bank
The peer group of Mechanics Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Mechanics Bank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 1 has its head office in California. Against them, Mechanics Bank shows CET1 ratio 15.48% against a peer median of 13.12%, return on equity 7.33% against a peer median of 10.67% and uninsured deposit share 42.90% against a peer median of 37.37%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Optum Bank, Inc. | State nonmember bank | UT | $21.4 bn | 17.86% | 17.52% | 3.78% | |
| Seacoast National Bank | National bank | FL | $21.3 bn | 13.55% | 6.11% | 36.31% | |
| First Merchants Bank | State nonmember bank | IN | $21.3 bn | 11.50% | 6.04% | 45.36% | |
| Mechanics Bank | State nonmember bank | CA | $21.2 bn | 15.48% | 7.33% | 42.90% | |
| Citizens Business Bank | National bank | CA | $21.2 bn | 14.33% | 8.05% | 54.18% | |
| Merchants Bank of Indiana | State nonmember bank | IN | $21.2 bn | 11.76% | 13.29% | 28.97% | |
| The Central Trust Bank | State member bank | MO | $20.3 bn | 12.69% | 22.10% | 38.43% | |
. FDIC Call Reports.
Last eight quarters
Two years at Mechanics Bank, to : assets +27.9%, deposits +28.2%, equity +22.9%. Staff 1,432 to 1,753; offices 115 to 169.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $16.6 bn | $16.5 bn | $16.5 bn | $16.6 bn | $22.7 bn | $22.4 bn | $21.4 bn | $21.2 bn |
| Total deposits | $14.1 bn | $13.9 bn | $14.0 bn | $14.0 bn | $19.5 bn | $19.0 bn | $18.3 bn | $18.1 bn |
| Bank equity capital | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $3.0 bn | $3.1 bn | $2.9 bn | $2.8 bn |
| CET1 ratio | 15.29% | 16.14% | 16.89% | 18.27% | 14.87% | 15.59% | 14.96% | 15.48% |
| Return on equity (ROE) | -1.35% | 1.29% | 7.49% | 7.30% | 7.58% | 10.38% | 6.34% | 7.33% |
| Uninsured share of domestic deposits | 43.85% | 44.12% | 44.45% | 45.35% | 34.07% | 35.86% | 40.86% | 42.90% |
| Full-time equivalent employees | 1,432 | 1,439 | 1,426 | 1,303 | 2,032 | 1,919 | 1,886 | 1,753 |
| Number of offices | 115 | 115 | 115 | 114 | 169 | 169 | 169 | 169 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Mechanics Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed California Republic Bank (FDIC certificate 58663).
- . Absorbed Scott Valley Bank (FDIC certificate 10781).
- . Absorbed Rabobank, National Association (FDIC certificate 23364).
- . Absorbed HomeStreet Bank (FDIC certificate 32489).
Large one-quarter moves at Mechanics Bank
- Total assets at Mechanics Bank changed by +48.8% in the quarter to 2016-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from California Republic Bank.
- Total assets at Mechanics Bank changed by +174.6% in the quarter to 2019-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Rabobank, National Association.
- Total assets at Mechanics Bank changed by +37.0% in the quarter to 2025-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from HomeStreet Bank.
Questions and identifiers
What were the total assets of Mechanics Bank?
Mechanics Bank reported $21.2 bn at in its Call Report. That makes Mechanics Bank the 101st largest of 497 banks in our US coverage.
Is Mechanics Bank the same as its holding company?
No. This page covers Mechanics Bank, FDIC certificate 1768; 2011 TCRT (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Mechanics Bank profitable?
Mechanics Bank reported net income of $107.7 mn for the year to ; annualized return on equity: 7.33%. So yes: Mechanics Bank made a profit over these months.
When is data for Mechanics Bank next updated?
Figures from Mechanics Bank for are due after .
Where can I check the figures for Mechanics Bank?
In the FDIC BankFind Suite record for certificate 1768, and in the Call Reports of Mechanics Bank (RSSD ID 936462) at the FFIEC Central Data Repository.