# MECHANICS BANK
WATER VALLEY, MS · FDIC certificate 12206 · asset band $300M-1B · latest filing 2022-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $323.3M | |
| Deposits | $291.6M | |
| Loans and leases | $211.4M | |
| Total equity | $27.9M | |
| Loans / deposits | 71.64% (p43 of band) | 75.42% |
| Liquid assets / assets | 28.53% (p49 of band) | |
| Uninsured deposits / deposits | 30.21% (p59 of band) | 27.65% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.57% (p39 of band) | 10.04% |
| Unrealized securities loss / equity | -14.87% (p65 of band) | -24.06% |
| AOCI / equity | -12.36% (p61 of band) | |
| ROA (annualized) | 0.79% (p23 of band) | 1.09% |
| Net interest margin | 3.51% (p56 of band) | 3.42% |
| Efficiency ratio | 73.41% (p80 of band) | |
| Noncurrent loans | 0.61% (p77 of band) | 0.22% |
| Net charge-offs (annualized) | 0.17% (p95 of band) | |
| Reserve coverage of noncurrent | 192.36% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 83.12% (p68 of band) | |
| Auto loans | $1.4M (0.64% of loans; DQ 4.26%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 15.5% | |
| Employees | 57 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 0 |  |  |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | reserve under noncurrent |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | charge-offs p90 |  |
| 2013-12 | 0 |  | reserve under noncurrent, charge-offs p90 |
| 2014-03 | 1 | reserve under noncurrent |  |
| 2014-06 | 2 | charge-offs p90 |  |
| 2014-09 | 3 | noncurrent p90 |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | charge-offs p90 |
| 2015-06 | 3 | charge-offs p90 |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 2 |  | charge-offs p90 |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 3 | charge-offs p90 | capital falling |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | charge-offs p90 |
| 2017-06 | 1 |  | noncurrent p90 |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | uninsured deposits leaving |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 3 | capital falling |  |
| 2019-03 | 1 |  | uninsured deposits leaving, capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | reserve under noncurrent |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 | charge-offs p90 | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-07 [Mechanics Bank Establishes Delaware-based Trust Company - Business Wire](https://news.google.com/rss/articles/CBMisgFBVV95cUxNdUtuMkZNYm1YVDhDbmpvZmkyaElHTHBHbGxnQzU3eEk5Q1hNOUZ4eE9sMXdfRXFDb01ER2w3aUFjTE55bnFyb19mc2t2TGVwU2t1eEpkVkozaXJKbEhDSE40VFEtS1JtY1dpQzN0empqcGFWeEM3SDRzeDJieUF3X2NIS1poWWx1bmZrQUM4dUxWa0g3eVFGZkU5S2J6SV94THo1U2FCRlZoaktZWkFiQ2R3?oc=5) · Business Wire
- 2026-02-10 [Floyd McGehee Obituary Feb 10, 2026 - wellsfuneralhome.net](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9DMzRRSXVpZVoyR0ZoY1VwU29TU1I5NjV6bnU1T1o5N2dhdXRhYWxLalFfSXV2cnFqMGVhaHNIOEFsN1hvSkRQYlVrQ2Q1MHZVU1g1cnBrVFk2bUV4clpsWmVQMEdlV0ho?oc=5) · wellsfuneralhome.net
- 2025-04-01 [HomeStreet to merge with California’s Mechanics Bank - Banking Dive](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNOV9xU1FUeG5uSGJ6NVMtSnVfMEMtX1I4UzhmV3lmVlJoNFhyd1ZiWk1KWlJFdkUzZU9YMWF2RXhIdDhfUGNIMzBxNzdXU0FfTDBzMlNuZWdkNDVCQlgzbnQ0UlJZTl96cG1fdHRHS2pHNmw2TUp2ZFR4MmNTUE1rajdmbExSSnR0RThhSUJKejhUM3h2UFNUdUtWMFphTGswQUgteVpGNzRlUE1ZSnVnWG1QVGE2a0d2VFZwUW95NkFyUGNvMXpVNWpWcTR4TVhwSWlV?oc=5) · Banking Dive
- 2024-11-07 [Mechanics Bank Breaks Ground on New Ashland Location - ashlandcountypictures.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNaUJXcnFWY281dmxPRzMyS3g4cC1hQXptUThCNWdyTE95am1ZM05hZW1pV0szSWhyOXZVaXVOTnN2c1R2T1I2WXM5V2s5X3NYNzk1SkZwQllieEQ3eW1BMk5LUkhnMThLS3BSYVJIcHlEcFpnUi13NWpDUGMtb1RFZXlDUkJwX09KaHpGcUFwUnA?oc=5) · ashlandcountypictures.com
- 2023-03-08 [Pinole History Museum installs pop-up exhibit at Mechanics Bank - Richmond Standard](https://news.google.com/rss/articles/CBMiugFBVV95cUxNa0taV1RzZzBQSnl6dlg1eWZXeHU3NkVDeFhnTUN2cUxnMGNKUkRUYjhOWmEwZndTaXdmU2VGYkg3OE9JUmFUdnRrRXZHaHJ0UmIxNS1aTlhhamE3VURNcXpBNTVPOThES0x1WDlfMWdpLW40RzF6cEdaWmZKMFg0ZVZfOU10WFBzWFM4UEVmcTJwZU1xOGxkQ0tUVUllZVNGTFJjM0JFcVI4SXR5NkZfWEdSLWN6eTJDZGc?oc=5) · Richmond Standard
- 2024-08-06 [Bluey brings the fun to Mechanics Bank Theater Tuesday - KGET.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxQN1dCX3plWXBEY1RMcUhwdkpDaFFzRDdLRFAtYVBWUy0yNXhabnhKRmlPbHBsR3FDWmZnZDVid2dXWEt3Q1B4VFdyYThqTW1lbmRqcVB2QUtNNk1EaWI4dE9JMVdNRTJGbXA4SkZJN1NNS25KZlJJQTNQdlF1dV9UNDE2YXV1bEVnQmNPRWpmbzBNbkNtZ2pB0gGcAUFVX3lxTE9jemdQSzhVNHR4WFJfWG41TTJmQUFQb0hLNFZSeW1CUEltdi1ONXhkSUlZYVVGeXBraWx5V3RKWE1Zb1BROHBmUDlGMjJ3RFV4b2JaTnVibW5STG14XzZWd0pIVjk3VC02ZEZiWWpUUGZmZDlZcE5lNnpPVU5FZ21RTVQzTDVsMnNRV1JMOUU3ZE1pTC12RnBxZm9wWQ?oc=5) · KGET.com
- 2014-08-19 [Inside the Mechanics’ Bank and Trust Building - Inside of Knoxville](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNNTEyZmR2bDBKaHNrSFd4djliQWswR3RNMFk2NlVGYmF4VGQtdHlBQ0M0cDJBVDNobEhCTXdLeE9tdWJWUldoT2ZZWWQ5MGs3cElqOUxudlRfVjllX1haZDZrVUhZYXlILUs2OXVoejg1R2ZGSlJ5S1ZsNEkxdVNodzRCcFFUbFZ6Zldr?oc=5) · Inside of Knoxville
- 2026-08-09 [Why Is Mechanics Bancorp (MCHB) Cutting Multifamily Real Estate Risk? - simplywall.st](https://news.google.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?oc=5) · simplywall.st

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12206 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/46.json (key "12206", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide