Mechanics' Co-operative Bank

Mechanics' Co-operative Bank is headquartered in Taunton and is the 71^st largest bank in the state of Massachusetts. It is also the 1,667^th largest bank in the nation. It was established in 1877 and as of March of 2012, it had grown to 89 employees at 8 locations. Mechanics' Co-operative Bank has a 5-star health rating.

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Data for Q1 2012

Institution Statistics Mechanics' Co-operative Bank FDIC Certificate # 26634 BankRate Report View Year Established 1877 Employees 89 Primary Regulator FDIC Assets and Liabilities Assets $400.27 million Loans $250.91 million Deposits $355.51 million Equity Capital $30.88 million Loan Loss Allowance $2.39 million Unbacked Noncurrent Loans $1.05 million Real Estate Owned $361,000 Historic Data - March 2011 Assets $375.80 million Equity Capital $30.18 million Loan Loss Allowance $2.73 million Unbacked Noncurrent Loans $3.17 million Real Estate Owned $216,000 Profit Margin - Quarterly Net Interest Margin 3.26% Return on Assets 0.49% Return on Equity 6.32% Interest Income $4.24 million

Institution Health Overall Score: 5 out of 5 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 March 31, 2012 Mechanics' Co-operative Bank had $1.41 million in non-current loans and owned real-estate with $33.27 million in equity and loan loss allowances on hand to cover it. This gives Mechanics' Co-operative Bank a Texas Ratio of 4.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Mechanics' Co-operative Bank decreased significantly from 9.49% as of March 31, 2011 to 4.24% as of March 31, 2012, resulting in a positive change of 55.26%.This indicates that the balance sheet and financial strength for Mechanics' Co-operative Bank has improved significantly in recent periods. Deposit Growth In the past year, Mechanics' Co-operative Bank has increased its total deposits by $37.42 million, resulting in 11.76% 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' Co-operative Bank has shown is excellent. Capitalization 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' Co-operative Bank has $400.27 million in assets with $33.27 million in equity, resulting in a capitalization level of 8.31%, which is average.

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