The Mechanics Bank

The Mechanics Bank is headquartered in Richmond and is the 20^th largest bank in the state of California. It is also the 237^th largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 600 employees at 31 locations. The Mechanics Bank has a 4-star health rating.

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Data for Q1 2012

Institution Statistics Mechanics Bank FDIC Certificate # 1768 BankRate Report View Year Established 1905 Employees 600 Primary Regulator FDIC Assets and Liabilities Assets $3.05 billion Loans $1.65 billion Deposits $2.57 billion Equity Capital $293.22 million Loan Loss Allowance $39.46 million Unbacked Noncurrent Loans $77.37 million Real Estate Owned $4.92 million Historic Data - March 2011 Assets $2.81 billion Equity Capital $288.01 million Loan Loss Allowance $39.60 million Unbacked Noncurrent Loans $43.88 million Real Estate Owned $17.57 million Profit Margin - Quarterly Net Interest Margin 3.93% Return on Assets 0.37% Return on Equity 3.78% Interest Income $29.24 million

Institution Health Overall Score: 4 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 The Mechanics Bank had $82.29 million in non-current loans and owned real-estate with $332.68 million in equity and loan loss allowances on hand to cover it. This gives The Mechanics Bank a Texas Ratio of 24.74% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Mechanics Bank increased slightly from 18.76% as of March 31, 2011 to 24.74% as of March 31, 2012, resulting in a negative change of 31.87%. This indicates that the balance sheet and financial strength for The Mechanics Bank has declined slightly in recent periods. Deposit Growth In the past year, The Mechanics Bank has increased its total deposits by $194.77 million, resulting in 8.18% 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 The Mechanics 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. The Mechanics Bank has $3.05 billion in assets with $332.68 million in equity, resulting in a capitalization level of 10.90%, which is above average.

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