Mechanics Bank in Water Valley, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 12206
    Status: Active
    Federal Reserve ID: 752644
    Bank Holding Company (Regulatory Top Holder): Mechanics Banc Holding Company (RSSDID: 3165106, Location: Water Valley, MS)
    Date Established: January 01, 1892
    WWW: http://www.mechanicsbankms.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15924
    FDIC's unique #: 7754
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 319 North Main Street, Water Valley, MS 38965
    County: Yalobusha
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $198.8 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $178.0 mil
    Return on assets (ROA): 0.83% ($1.7 mil)
    Quarterly return on assets: 0.72% ($1.4 mil)
    Return on Equity (ROE): 8.91% ($1.7 mil)
    Quarterly return on equity: 7.33% ($1.4 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.10% ($2,186.6 mil)
    Quarterly Pretax return on assets: 0.72% ($1,431.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $198,780Total assets
  • $5,077Cash and due from depository institutions
  • $1,234Interest-bearing balances
  • $47,808Securities
  • $6,617Federal funds sold & reverse repurchase agreements
  • $123,640Net loans & leases
  • $2,069Loan loss allowance
  • $0Trading account assets
  • $6,417Bank premises and fixed assets
  • $2,200Other real estate owned
  • $200Goodwill and other intangibles
  • $198,780Life insurance assets
  • $6,821All other assets
  • $179,422Total liabilities and capital
  • $178,013Total liabilities
  • $152,116Total deposits
  • $178,013Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $437Trading liabilities
  • $0Other borrowed funds
  • $972Subordinated debt
  • $19,358All other liabilities
  • $19,358Total equity capital
  • $19,358Total bank equity capital
  • $0Perpetual preferred stock
  • $288Common stock
  • $13,250Surplus
  • $5,820Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,694Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,821Income earned, not collected on loans
  • $253Earning assets
  • $1,189Long-term assets (5+ years)
  • $179,299Average Assets, year-to-date
  • $31,792Average Assets, quarterly
  • $200,231Volatile liabilities
  • $199,418Insider loans
  • $129,951FHLB advances
  • $196,974Loans and leases held for sale
  • $3,196Unused loan commitments
  • $2,935Tier 1 (core) risk-based capital
  • $17,779Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $261Total unused commitments
  • $5,336Restructured Loans and leases
  • $2,108Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,986Total interest income
  • $2,572Total interest expense
  • $7,414Net interest income
  • $766Provision for loan and lease losses
  • $1,528Total noninterest income
  • $0Fiduciary activities
  • $843Service charges on deposit accounts
  • $0Trading account gains & fees
  • $685Additional noninterest income
  • $6,120Total noninterest expense
  • $3,143Salaries and employee benefits
  • $659Premises and equipment expense
  • $2,318Additional noninterest expense
  • $2,056Pre-tax net operating income
  • $156Securities gains (losses)
  • $550Applicable income taxes
  • $1,662Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,662Net income attributable to bank
  • $0Net charge-offs
  • $1,662Cash dividends
  • $393Sale, conversion, retirement of capital stock, net
  • $674Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 5.30%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 194.91%Credit loss provision to net charge-offs
  • 7.18%Efficiency ratio
  • 68,441Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.55%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 113.62%Noncurrent assets plus other real estate owned to assets
  • 2.02%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 69.46%Net loans and leases to core deposits
  • 77.71%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 13.68%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $200,231Average earning assets
  • $18,650Average equity
  • $179,112Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,366Managed Assets
  • 1Number of Accounts
  • $2,996Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $2,996Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,370Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,370Fiduciary accounts held in foreign offices

List of branches

  • 6 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07754Mechanics Bank319 North Main Street, Water Valley, MS 38965January 01, 1892Full Service Brick and Mortar
    1226672Drive-In Facility321 Duncan Street, Water Valley, MS 38965July 08, 1977Limited Service Facility
    4226675Eastgate Branch1936 University Avenue, Oxford, MS 38655December 21, 1994Full Service Brick and Mortar
    7423246South Main Street Branch321 South Main Street, Water Valley, MS 38965October 30, 2003Full Service Brick and Mortar
    8440118West Jackson Branch2601 Jackson Avenue West, Oxford, MS 38655May 02, 2005Full Service Brick and Mortar
    9468795University Avenue Branch1508 University Avenue, Oxford, MS 38655October 29, 2007Full Service Brick and Mortar

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