# MECHANICS BANK
WALNUT CREEK, CA · FDIC certificate 1768 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $21.25B | |
| Deposits | $18.10B | |
| Loans and leases | $13.58B | |
| Total equity | $2.83B | |
| Loans / deposits | 74.21% (p22 of band) | 85.78% |
| Liquid assets / assets | 28.14% (p71 of band) | |
| Uninsured deposits / deposits | 42.90% (p64 of band) | 38.39% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.38% (p8 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.38% (p27 of band) | 10.17% |
| Unrealized securities loss / equity | -7.08% (p52 of band) | -7.43% |
| AOCI / equity | -0.76% (p24 of band) | |
| ROA (annualized) | 0.99% (p29 of band) | 1.24% |
| Net interest margin | 3.71% (p58 of band) | 3.57% |
| Efficiency ratio | 58.78% (p69 of band) | |
| Noncurrent loans | 0.41% (p22 of band) | 0.66% |
| Net charge-offs (annualized) | 0.07% (p48 of band) | |
| Reserve coverage of noncurrent | 272.13% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 12.39% (p28 of band) | |
| Auto loans | $510.2M (3.76% of loans; DQ 4.28%, NCO 0.07%) | |
| Loans to nondepository financials | $5.0M (0% of equity) (p18 of band) | |
| Deposits YoY | 29.5% | |
| Employees | 1753 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | capital falling |  |
| 2012-03 | 3 | uninsured deposits leaving |  |
| 2012-06 | 1 |  | capital falling, uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 0 |  | reserve under noncurrent |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 2 | NIM <2.5%, reserve under noncurrent |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 1 |  | NIM <2.5% |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 3 | uninsured deposits >50%, run vulnerability |  |
| 2017-03 | 1 |  | uninsured deposits >50%, run vulnerability |
| 2017-06 | 1 | auto book souring | reserve under noncurrent |
| 2017-09 | 2 | loans exceed deposits |  |
| 2017-12 | 3 | deposits shrinking |  |
| 2018-03 | 4 | charge-offs p90 |  |
| 2018-06 | 2 |  | loans exceed deposits, deposits shrinking |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 | expense ratio p90, reserve under noncurrent | auto book souring, charge-offs p90 |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 | auto book souring | expense ratio p90 |
| 2020-06 | 0 |  | reserve under noncurrent, auto book souring |
| 2020-09 | 2 | capital falling, auto book souring |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | capital falling |  |
| 2022-03 | 1 |  | capital falling |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | securities losses >30% of equity, charge-offs p90 |  |
| 2022-12 | 4 | deposits shrinking, assets shrinking | securities losses >30% of equity |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 | uninsured deposits leaving | assets shrinking |
| 2023-09 | 4 | securities losses >30% of equity | uninsured deposits leaving |
| 2023-12 | 3 |  | securities losses >30% of equity |
| 2024-03 | 3 | losing money | deposits shrinking |
| 2024-06 | 3 | deposits shrinking | charge-offs p90 |
| 2024-09 | 2 | assets shrinking | auto book souring, deposits shrinking |
| 2024-12 | 1 |  | losing money |
| 2025-03 | 0 |  | assets shrinking |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | capital falling |  |
| 2026-06 | 0 |  | capital falling |

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

- 2026-05-01 [Mechanics Bank exec eyes its next move - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNYTJLSzhQeWd2RUoxWFROVlZVMHIyeVp6RlEzNjRBUWxsLTQ2LVlEeENXWnVMSUlxcWtuOW02ZWpxUGhLb1RxZGoxd2VXNG5NOW1GMVI4eVNVUlZMazNrVUphS2kyNUQ2T19ZTmVFSV9qS2ZSbHN4eXczeVA1d3hnOXlvbnFJSzNQMlM1Y2Jpeldrd3ZTWlNFcGNfUy1mZUdZVTA3aGQ3bzc?oc=5) · The Business Journals
- 2026-08-25 [The best regional banks in the Bay Area - SFGATE](https://news.google.com/rss/articles/CBMibkFVX3lxTFA1RVVHLTlZWUdkWnFEMHVMYWFvRmxTT1o0Um5taWN2NjgyQUllUld2bGxCTGFIN3l4THlxR0ZPZkh3V2ZpWXF6b0NjdnZyeE5qeGVXSlRCSGNNWGFnUEhnV0pwZFRmOFBpNl9OS3F3?oc=5) · SFGATE
- 2026-04-10 [Mechanics Bank Trust Dumps $16.8 MIllion Worth of Mechanics Bancorp Shares -- What Investors Should Know - The Motley Fool](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPNXlVX2M2dGtTR0psbUlWSFdBaF90Y3ptOHBMblFBWElMQkI0M2ktUVhGTFppb0F3UzZGSmI3Z2VCdUdxaU5vZDh4dGdvTTNfd01mR2VhNUY3QTNaQ3RjOS00aHZZYWVlWkxxMFZxcnlIYVZfNTBLOXNKSXRMbllJWVV4VzNHTEFCTUIzUUItUElVWHVDRkRYdy1LVl9PdXJWckM1Vi1sLXA0ZGRoSnRnWDM3d1VIWHF5OXgzYnYwN3pwTFB4X013cWM1bHdYVGhYdHJXcldqazZ4ZDhzajRZTlZSdGRmRFpy?oc=5) · The Motley Fool
- 2025-10-29 [Soledad police arrest man for armed bank robbery at Mechanics Bank - KSBW](https://news.google.com/rss/articles/CBMihgFBVV95cUxOb0JadjRCVGF3Z1JnZ1phSG5VR1B3dDhVQndjb29WdlpCeGdGSHdHNTJvWi1saWc2aV9WOTlEOU9jQy1zZ1JrNTlmUnZqWWplbHdGOHE0NXlBNkdBU3dCSk1QenZ0dlRMaGNCSkhiM2EtU0tCZEhNUU9JYTBISF9pbzBuRmhWdw?oc=5) · KSBW
- 2025-04-01 [HomeStreet to merge with California’s Mechanics Bank - Banking Dive](https://news.google.com/rss/articles/CBMi0wFBVV95cUxNOV9xU1FUeG5uSGJ6NVMtSnVfMEMtX1I4UzhmV3lmVlJoNFhyd1ZiWk1KWlJFdkUzZU9YMWF2RXhIdDhfUGNIMzBxNzdXU0FfTDBzMlNuZWdkNDVCQlgzbnQ0UlJZTl96cG1fdHRHS2pHNmw2TUp2ZFR4MmNTUE1rajdmbExSSnR0RThhSUJKejhUM3h2UFNUdUtWMFphTGswQUgteVpGNzRlUE1ZSnVnWG1QVGE2a0d2VFZwUW95NkFyUGNvMXpVNWpWcTR4TVhwSWlV?oc=5) · Banking Dive
- 2025-10-29 [Soledad Police arrest suspect after bank robbery triggered silent alarm - Salinas Valley Tribune](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOSHJoUGJlVzRxZ0xjOTJVZ0xERUEzdGo3WWkzYk84LTFLMVE0SlpVRWxoR1BsdDVHc0FfNXZ6RnpsQUVLVHU3X1pQOVRYMGladlViOERXazBrcmNWdWxheldrOFc4bVV2cXlOQW4xTXphQ2hXM2pBMjRNdjVOeWJlbEhzY3F4SDhKQTl4dzVNczB2NVlyRTdTczhvSWttb00yZnU4STBCdWg?oc=5) · Salinas Valley Tribune
- 2021-09-09 [This SLO County town is losing its only brick-and-mortar bank branch: ‘So sad’ - San Luis Obispo Tribune](https://news.google.com/rss/articles/CBMic0FVX3lxTE1NS3Y4eExaU2FQQVBZNXFZR0FJcGFBeUpTbXFUUDhPM1Fna19BWnpJNXAyRFRCWmhhbkNWb2p2bFRpeGw0Vjcxb3dQUWRDcVFab1BmeEYyQWZQMDZhUVBEblp5YTdfbXhweFVLOTZRRURBdEnSAXNBVV95cUxOTFl5TkxtNHlWZWRrOW10clJ2RkhaUUlUVUEwcjRlQ3hITDVzR29EWjZ3cnF4V2IzR05lc1g5aHl6TlVKbnpIdjQ4YnhCZUNZcklUbEVyZk5Ia09tcjQ0Yk1pd1EwbE53d0w2cnY3MTM0Uzhn?oc=5) · San Luis Obispo Tribune
- 2025-04-01 [Mechanics Bank and HomeStreet, Inc. Announce Strategic Merger - The Digital Banker](https://news.google.com/rss/articles/CBMikwFBVV95cUxPb2dGN21aYVNtdEFhb0hzcHZCNERaanN2djViejBhbGh1ME91VFlwR0k1N25fcTNMYWhFSC1wREhRRnBFSjhkbGNiR2JsQk05Q3Bqazg1bzBVSFZucGxYb2RNazJnenZZdWpYTV9RZ29FZTdYTlpTRVhwQm42c1VUY2k1WkxxU3lRejVwbnkyUDFKY00?oc=5) · The Digital Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1768 (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/40.json (key "1768", 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