# MECHANICS SAVINGS BANK
AUBURN, ME · FDIC certificate 17476 · asset band $300M-1B · latest filing 2019-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $424.7M | |
| Deposits | $321.7M | |
| Loans and leases | $359.3M | |
| Total equity | $55.9M | |
| Loans / deposits | 110.75% (p97 of band) | 85.34% |
| Liquid assets / assets | 12.47% (p12 of band) | |
| Uninsured deposits / deposits | 18.71% (p35 of band) | 22.41% |
| Brokered deposits | 11.91% | |
| Wholesale funding | 22.17% (p96 of band) | |
| FHLB advances / assets | 10.26% | |
| Tier 1 leverage | 13.65% (p87 of band) | 10.60% |
| Unrealized securities loss / equity | -5.21% (p3 of band) | 0.73% |
| AOCI / equity | 1.28% (p35 of band) | |
| ROA (annualized) | 0.93% (p34 of band) | 1.13% |
| Net interest margin | 3.58% (p40 of band) | 3.74% |
| Efficiency ratio | 70.59% (p65 of band) | |
| Noncurrent loans | 0.51% (p48 of band) | 0.54% |
| Net charge-offs (annualized) | 0.01% (p34 of band) | |
| Reserve coverage of noncurrent | 163.11% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 13.27% (p19 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 7.3% | |
| Employees | 36 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 4 | brokered >10% |  |
| 2012-03 | 5 | capital falling |  |
| 2012-06 | 4 |  | capital falling |
| 2012-09 | 3 |  | brokered >10% |
| 2012-12 | 3 |  |  |
| 2013-03 | 5 | brokered >10%, charge-offs p90 |  |
| 2013-06 | 5 |  |  |
| 2013-09 | 6 | capital falling |  |
| 2013-12 | 4 |  | charge-offs p90, capital falling |
| 2014-03 | 4 |  |  |
| 2014-06 | 4 |  |  |
| 2014-09 | 3 |  | brokered >10% |
| 2014-12 | 5 | noncurrent p90, deposits shrinking |  |
| 2015-03 | 4 | charge-offs p90 | noncurrent p90, deposits shrinking |
| 2015-06 | 4 |  |  |
| 2015-09 | 6 | brokered >10%, uninsured deposits leaving |  |
| 2015-12 | 5 |  | charge-offs p90 |
| 2016-03 | 5 |  |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 4 |  | uninsured deposits leaving |
| 2017-03 | 5 | liquid assets <10% |  |
| 2017-06 | 4 |  | liquid assets <10% |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 4 |  |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | reserve under noncurrent |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |

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

- 2026-07-26 [Justin Laverriere Joins Mechanics Savings Bank - The Lincoln County News](https://news.google.com/rss/articles/CBMihwFBVV95cUxObVdoMjc0VXozWFp0bWFPZl8wOGZZR19iRDR0NkZBMG1qWUtFNENQVTlQSm5GQkw4WWNuMTYtRnkteEJOd09mUzRMT2FaNUNlWFJnbWplVVg4OUh3NF9xeFR6elhPY3FCOUxlcnJacWYxX0VDcDM0U0xyaXZtWjV0aV9fOHh5MUE?oc=5) · The Lincoln County News
- 2023-02-19 [Jane Norris Obituary - Auburn, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMifkFVX3lxTE9XSjE3NG9tQ1dCNmdiRXdtNGt0bzJST1VnVzRaaXlWN0Vzbl9lOXhOcnVpMjVSd2d3cHg0MGk0bWRFWHJnTFpVejRTNmp0NzZCb2ZYM3ZfcXk1bWFnOVAzQ2pxVzFfVXVuWGg5dzMyV0dvbmhJcUwtWGdhcF93UQ?oc=5) · Dignity Memorial
- 2024-08-31 [The FBI didn’t think I was smart enough to commit a $40 million crime — but I did it: book - New York Post](https://news.google.com/rss/articles/CBMimwFBVV95cUxNQ3Z5Sll0b042dDQxS0pwVmJMeFBUUW0tNi10T1ktZ1ZOSWdKMlpLbXltWWlyYVBnaHVydXN3QzRMMTV6QUNoMm5vMU9fR1hFZ0tYcjZmMVV6dlVwMXBwSEpVWkNWOEhYcHk2Y25LWGFZSkRjTzZ0QkNHZmdfbHc4WEIwZ1hOYWp3MWM0dU9zbkJKSDd2cHlyLXY2NA?oc=5) · New York Post
- 2010-09-17 [First Niagara Bank recognized by Irondequoit Chamber - Democrat and Chronicle](https://news.google.com/rss/articles/CBMivwFBVV95cUxPWlY5dW55bjVoeW5iemFEYUtOVWFsZXpraU0zZnBvZHB5ZFNaUEk4allxT3ZFd1lNWjB0bGF0d3BGUG5ZdVl4SlRXaGpoaVpkZkttNGhoajZ5c1R6QzlGWlAxQktQN3dFWF9CMDZBdlE1eEN2cC1fZWw0S2hBM0o1aWkwNUZMaV9tcHBtX2xJVGU4eUFsYy1OT1dyclh1b0tSLWdIdEVONzVxaUpZV2NvcnpFc282b21kT1ZrRzQ5QQ?oc=5) · Democrat and Chronicle
- 2013-05-22 [1929 Rand Tower sports art-deco elements — and an aviation theme - MinnPost](https://news.google.com/rss/articles/CBMiogFBVV95cUxPYUNFcVQ4Y1BGMU1sZGhMejJTZktBZThvUUp4ZGNleERRaUlyQWFYeG1la2JCR2F4VFZ2eVRmV05RUjVJaXRiOTFlMEdZUjhMZjZNU2Q3bHM5OTdyZXNSV2JvZ1VVUm9zQWdnRndrSGlEal9EM3lybnZuWXo2MGsyS1AycXdzbUFWU21IM0xqaWxBOUxQMVRvUkJiYm1HbWV5T0E?oc=5) · MinnPost
- 2025-12-01 [Lorraine Caron Obituary - Lewiston, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxOS21PZjNOY1dRRWZROHFwWXlLVnZMMDBiMVprMFpxN3VUQ3pIQUM5bGtzVGxtU1NtVUNTdm9SamEtajlZYlVIOVVLU2d3OENZdjlrbm1LNGhNT3pCSWE4eF9ZVjRSNlh3ZFFobUg4UjctTllJMjNQVW5yOTR2WGI3eTlKTXQ?oc=5) · Dignity Memorial
- 2019-01-04 [Timothy Nason Obituary - Auburn, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE1GVmpjNjA5R3VydzJ5SXBpeTRJQ25Bd2hWTXJYUGdjTFJUeE1kQjl0QzJMdnREUGlqOGt0SzktOHZ3N2Y4a3lfYU1TNDhuS0RwMTB5akh4UTE5eVJMVE5mNmFaZ0VOczJoOGFzR1lLeGFOaUpjS3BhUlZUN1ZTZ28?oc=5) · Dignity Memorial
- 2026-08-09 [Cynthia Matthews Obituary - Auburn, ME - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxOd3ZFZU5MLXpfZmVvTGVFZnIzamZsd1ZWUmdGZ24zTDFBaHpjVVRDMUEwdzRfZk1xc3ZldTBTeDhsVFI3UnFuVWp3VTF1OHR3ZEl5SC1xdHZDb1RlMVhkU1JkM3M3QkJ4UDVwMFVraldHYWtaVFYtUGFNRWVyNGo4eEJCLUE?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17476 (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/4.json (key "17476", 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