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Overview / Commentary
319 North Main Street
Water Valley, MS 38965

Mechanics Bank (MS) is headquartered in Water Valley and is the 46th largest bank in the state of Mississippi. It is also the 2,956th largest bank in the nation. It was established in 1892 and as of December of 2013, it had grown to 64 employees at 6 locations. Mechanics Bank (MS) has a B+ health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Mechanics Bank (MS) had $2.78 million in non-current loans and owned real-estate with $23.02 million in equity and loan loss allowances on hand to cover it. This gives Mechanics Bank (MS) a Texas Ratio of 12.05% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Mechanics Bank (MS) decreased slightly from 16.01% as of December 31, 2012 to 12.05% as of December 31, 2013, resulting in a positive change of 24.70%.This indicates that the balance sheet and financial strength for Mechanics Bank (MS) has improved slightly in recent periods.

Deposit Growth


In the past year, Mechanics Bank (MS) has increased its total deposits by $4.63 million, resulting in 2.56% 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.



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 $208.11 million in assets with $23.02 million in equity, resulting in a capitalization level of 11.06%, which is excellent.

Institution Statistics

FDIC Certificate #12206
Year Established1892
Primary RegulatorFDIC
Assets and Liabilities
Assets$208.11 million
Loans$140.36 million
Deposits$185.79 million
Equity Capital$20.80 million
Loan Loss Allowance$2.22 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$1.65 million
Historic Data - December 2012
Assets$203.18 million
Equity Capital$20.73 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$1.66 million
Profit Margin - Quarterly
Net Interest Margin4.42%
Return on Assets1.22%
Return on Equity12.18%
Interest Income$10.07 million

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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