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Overview / Commentary
3170 Hilltop Mall Road
Richmond, CA 94806

Mechanics Bank (CA) is headquartered in Richmond and is the 23rd largest bank in the state of California. It is also the 231st largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 585 employees at 30 locations. Mechanics Bank (CA) has a B+ health rating.

Reviews (1)

Mechanics Bank, Nice Name

This is a decent bank. Yes they are local and there seems to be a few sincere people working there, well at least at my local Berkeley branch. I like their name because I am a mechanic type of person, I rampantly fix things. However, a bank is a bank, they are people whose focus in life is money (not fixing things, that's just a name) so unsatisfactory experiences should be considered normal.
Yesterday, I deposited a check into my business account and I left and called the manager back at the Oakland office, her name is Emily Chan, to check on funds availability. She told me that the funds would be available immediately. When I got home from work to pay a credit card so that I could make an important purchase the next day, I found that only $200 is available of a much larger deposit. So actually the bank manager just casually lied to me. I called in to speak to someone about the incident that evening and after waiting 45 minutes, the customer service manager came on the telephone and told me I should contact Rauly Butler the next morning (a Saturday) to report the incident and clear up the situation. Since that information sounded somewhat strange, I asked about his working hours and that supervisor actually gave me specific hours, I called and of course he does not even work on the weekends. What did I get? apologies of course and nothing else. I know I am so naive, but anyways bottom line is I have had a better bank but god knows next to Chase, B of A, etc, this is a great bank.


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 (CA) had $40.64 million in non-current loans and owned real-estate with $329.08 million in equity and loan loss allowances on hand to cover it. This gives Mechanics Bank (CA) a Texas Ratio of 12.35% 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 (CA) decreased dramatically from 18.32% as of December 31, 2012 to 12.35% as of December 31, 2013, resulting in a positive change of 32.59%.This indicates that the balance sheet and financial strength for Mechanics Bank (CA) has improved dramatically in recent periods.

Deposit Growth


In the past year, Mechanics Bank (CA) has increased its total deposits by $196.15 million, resulting in 7.18% 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 (CA) has shown is excellent.



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 (CA) has $3.37 billion in assets with $329.08 million in equity, resulting in a capitalization level of 9.76%, which is above average.

Institution Statistics

FDIC Certificate #1768
Year Established1905
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.37 billion
Loans$1.61 billion
Deposits$2.93 billion
Equity Capital$299.16 million
Loan Loss Allowance$29.92 million
Unbacked Noncurrent Loans$34.32 million
Real Estate Owned$6.32 million
Historic Data - December 2012
Assets$3.18 billion
Equity Capital$308.23 million
Loan Loss Allowance$29.30 million
Unbacked Noncurrent Loans$34.32 million
Real Estate Owned$7.08 million
Profit Margin - Quarterly
Net Interest Margin3.61%
Return on Assets0.66%
Return on Equity7.16%
Interest Income$113.93 million

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Mechanics Bank (CA) Savings Account Rates

0.04%--Savings Club Account
0.03%$100k-Personal Savings Account
0.03%$100k-Business Savings Account

Mechanics Bank (CA) Money Market Rates

0.07%$1m-Business Money Market Account
0.06%$250k-Platinum Money Market Account
0.03%$100k-Business Money Market Plus Account
0.02%$100k-Personal Money Market Plus Account

Mechanics Bank (CA) Checking Account Rates

0.10%$10m-Repurchase Sweep Account
0.01%--Interest Checking
0.01%--Relationship Checking

Mechanics Bank (CA) CD Rates

0.20%$5k-120 Months Custom CD
0.20%$1k-60 - 119 Month Custom CD
0.10%$1k-24 -35 Month Custom CD
0.10%$1k-36 - 59 Month Custom CD
0.05%$5k-7 Month Special CD
0.05%$5k-9 Month Special CD
0.05%$5k-18 Month Special (One-Step) CD
0.05%$1k-180 - 364 Day Custom CD
0.05%$1k-12 - 23 Month Custom CD
0.02%$1k-7 - 30 Day Custom CD
0.02%$1k-31 - 89 Day Custom CD
0.02%$1k-90 - 179 Day Custom CD

Mechanics Bank (CA) has 30 locations. Click to view all Mechanics Bank (CA) locations.