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Overview / Commentary
662-473-2261
319 North Main Street
Water Valley, MS 38965

Mechanics Bank (MS) is headquartered in Water Valley and is the 45th largest bank in the state of Mississippi. It is also the 2,900th largest bank in the nation. It was established in 1892 and as of March of 2014, it had grown to 66 employees at 6 locations. Mechanics Bank (MS) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Mechanics Bank (MS) had $4.82 million in non-current loans and owned real-estate with $23.98 million in equity and loan loss allowances on hand to cover it. This gives Mechanics Bank (MS) a Texas Ratio of 20.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mechanics Bank (MS) experienced no significant changes from 17.05% as of March 31, 2013 to 20.08% as of March 31, 2014, resulting in a negative change of 17.78%. This indicates that the balance sheet and financial strength for Mechanics Bank (MS) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Mechanics Bank (MS) has increased its total deposits by $4.97 million, resulting in 2.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mechanics Bank (MS) has shown is above average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mechanics Bank (MS) has $213.77 million in assets with $23.98 million in equity, resulting in a capitalization level of 11.22%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #12206
Year Established1892
Employees66
Primary RegulatorFDIC
Assets and Liabilities
Assets$213.77 million
Loans$143.41 million
Deposits$190.61 million
Equity Capital$21.51 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$1.58 million
Historic Data - March 2013
Assets$208.37 million
Equity Capital$21.12 million
Loan Loss Allowance$2.50 million
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$1.72 million
Profit Margin - Quarterly
Net Interest Margin4.19%
Return on Assets0.76%
Return on Equity7.54%
Interest Income$2.41 million
Rates

Sorry, we do not have rate data for Mechanics Bank (MS)

Locations


Mechanics Bank (MS) Locations
University Avenue Branch1508 University AvenueOxford, MS 38655
Eastgate Branch1936 University AvenueOxford, MS 38655
West Jackson Branch2601 Jackson Avenue WestOxford, MS 38655
Mechanics Bank319 North Main StreetWater Valley, MS 38965
Drive-In Facility321 Duncan StreetWater Valley, MS 38965
South Main Street Branch321 South Main StreetWater Valley, MS 38965