Mechanics Bank in Richmond, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Mechanics Bank in Richmond, California (CA)
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Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 1768
    Status: Active
    Federal Reserve ID: 936462
    Date Established: January 01, 1905
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 31 (Domestic: 31, Interstate: No)
    OTS Docket #: 12587
    FDIC's unique #: 1171
    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 24, 2011
    Last Structure Change Process Date: March 24, 2011
    Last Data Update: March 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3170 Hilltop Mall Road, Richmond, CA 94806
    County: Contra Costa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Oakland, CA (#5775)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $2,991.7 mil
    Equity capital: $294.3 mil
    Deposits held in domestic offices: $2,573.6 mil
    Return on assets (ROA): 0.59% ($17.7 mil)
    Quarterly return on assets: 0.91% ($27.2 mil)
    Return on Equity (ROE): 5.90% ($17.3 mil)
    Quarterly return on equity: 9.07% ($26.7 mil)
    Net income: $17.2 mil
    Quarterly Net income: $6.7 mil
    Pretax return on assets: 0.70% ($20,941.6 mil)
    Quarterly Pretax return on assets: 1.31% ($39,190.7 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
  • 605Total employees (full-time equivalent)
  • $2,991,658Total assets
  • $113,058Cash and due from depository institutions
  • $66,292Interest-bearing balances
  • $1,054,294Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,653,062Net loans & leases
  • $34,894Loan loss allowance
  • $0Trading account assets
  • $46,709Bank premises and fixed assets
  • $5,459Other real estate owned
  • $0Goodwill and other intangibles
  • $2,991,658Life insurance assets
  • $119,076All other assets
  • $2,697,388Total liabilities and capital
  • $2,573,631Total liabilities
  • $1,735,491Total deposits
  • $2,573,631Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 40732.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,390Trading liabilities
  • $0Other borrowed funds
  • $81,635Subordinated debt
  • $294,270All other liabilities
  • $294,270Total equity capital
  • $294,270Total bank equity capital
  • $0Perpetual preferred stock
  • $969Common stock
  • $13,250Surplus
  • $280,051Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $72,958Income earned, not collected on loans
  • $0Earning assets
  • $10,914Long-term assets (5+ years)
  • $2,773,648Average Assets, year-to-date
  • $1,103,651Average Assets, quarterly
  • $2,907,145Volatile liabilities
  • $2,962,041Insider loans
  • $2,019,355FHLB advances
  • $2,929,826Loans and leases held for sale
  • $39,932Unused loan commitments
  • $32,739Tier 1 (core) risk-based capital
  • $301,415Tier 2 risk-based capital
  • $7,193Total risk weighted assets
  • $0Total unused commitments
  • $372,008Restructured Loans and leases
  • $250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $121,771Total interest income
  • $8,538Total interest expense
  • $113,233Net interest income
  • $21,894Provision for loan and lease losses
  • $24,259Total noninterest income
  • $7,518Fiduciary activities
  • $7,062Service charges on deposit accounts
  • -$129Trading account gains & fees
  • $9,808Additional noninterest income
  • $106,168Total noninterest expense
  • $59,986Salaries and employee benefits
  • $19,031Premises and equipment expense
  • $27,151Additional noninterest expense
  • $9,430Pre-tax net operating income
  • $10,795Securities gains (losses)
  • $2,999Applicable income taxes
  • $17,226Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,226Net income attributable to bank
  • $0Net charge-offs
  • $17,226Cash dividends
  • $22,239Sale, conversion, retirement of capital stock, net
  • $8,527Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.90%Return on equity (ROE)
  • 2.98%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 98.45%Credit loss provision to net charge-offs
  • 1.41%Efficiency ratio
  • 77,218Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.50%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 47.83%Noncurrent assets plus other real estate owned to assets
  • 2.62%Noncurrent loans to loans
  • 4.32%Net loans and leases to deposits
  • 64.23%Net loans and leases to core deposits
  • 69.48%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 10.29%Tier 1 risk-based capital ratio
  • 14.93%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,907,145Average earning assets
  • $291,837Average equity
  • $2,698,326Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,250,330Managed Assets
  • 1Number of Accounts
  • $1,061,226Personal trust and agency accounts
  • $383,471Employee benefit-defined contribution accounts
  • $4,200Employee benefit-defined benefit accounts
  • $39,573Other retirement accounts
  • $82,212Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $536,218Other fiduciary accounts
  • $15,552Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1140Number of Accounts
  • $0Personal trust and agency accounts
  • $82,212Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $189,104Other retirement accounts
  • $1,040Corporate trust and agency accounts
  • $158,191Other fiduciary accounts
  • $7,745Fiduciary accounts held in foreign offices

List of branches

  • 31 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01171Mechanics Bank3170 Hilltop Mall Road, Richmond, CA 94806January 01, 1905Full Service Brick and Mortar
    1190095Albany Branch801 San Pablo Avenue, Albany, CA 94706January 01, 1935Full Service Brick and Mortar
    2190096El Cerrito Branch9996 San Pablo Avenue, El Cerrito, CA 94530April 04, 1927Full Service Brick and Mortar
    4190098El Sobrante Branch3884 San Pablo Dam Road, El Sobrante, CA 94803May 02, 1955Full Service Brick and Mortar
    5190099Pinole Branch2690 Pinole Valley Road, Pinole, CA 94564January 03, 1966Full Service Brick and Mortar
    7190101Mira Vista Branch4100 Macdonald Avenue, Richmond, CA 94805December 03, 1964Full Service Brick and Mortar
    8190102San Pablo Branch20 San Pablo Towne Center, San Pablo, CA 94806April 27, 1961Full Service Brick and Mortar
    10190104Pinole Vista Branch1518 Fitzgerald Drive, Pinole, CA 94564December 03, 1984Full Service Brick and Mortar
    11190105Rodeo Branch683 Parker Avenue, Rodeo, CA 94572July 10, 1985Full Service Brick and Mortar
    13190107Point Richmond Office4 West Richmond Avenue, Point Richmond, CA 94801June 18, 1990Full Service Brick and Mortar
    15190109Walnut Creek Office1350 North Main Street, Walnut Creek, CA 94596Febuary 03, 1992Full Service Brick and Mortar
    16267875Kensington Branch279 Arlington Avenue, Kensington, CA 94707January 01, 1896Full Service Brick and Mortar
    19190112St Helena Office1015 Adams Street, Saint Helena, CA 94574January 31, 1996Full Service Brick and Mortar
    20190113Moraga Branch1355 Moraga Way, Moraga, CA 94556April 15, 1996Full Service Retail
    21190114Berkeley Office2301 Shattuck Avenue, Berkeley, CA 94704Febuary 03, 1997Full Service Brick and Mortar
    22190115San Rafael Office904 4th Street, San Rafael, CA 94901August 25, 1997Full Service Brick and Mortar
    23190116Lunardi's Office1600 Palos Verdes Mall, Walnut Creek, CA 94596July 06, 1998Full Service Brick and Mortar
    25190118West Berkeley Office755 Hearst Avenue, Berkeley, CA 94710April 14, 1999Full Service Brick and Mortar
    26190119North Berkeley Branch1801 Solano Avenue, Berkeley, CA 94707July 06, 1999Full Service Brick and Mortar
    27190120Napa Branch433 Soscol Avenue, Suite B-161, Napa, CA 94559October 12, 1999Full Service Brick and Mortar
    28294990Danville Branch345 Railroad Avenue, Danville, CA 94526Febuary 22, 2000Full Service Brick and Mortar
    32363535San Francisco Branch343 Sansome Street Suite 100, San Francisco, CA 94104April 29, 2002Full Service Brick and Mortar
    33419034Oakland Branch1999 Harrison Street, Suite 100, Oakland, CA 94612June 02, 2003Full Service Brick and Mortar
    34420133Orinda Branch77 Moraga Way, Orinda, CA 94563July 09, 2003Full Service Brick and Mortar
    36430798El Dorado Hills Branch4354 Town Center Blvd, El Dorado Hills, CA 95762June 28, 2004Full Service Brick and Mortar
    37440374Elk Grove Retail Office8235 Laguna Boulevard, Suite 100, Elk Grove, CA 95758May 16, 2005Full Service Brick and Mortar
    38445202Concord Branch1170 Concord Avenue Ste 160, Concord, CA 94520September 20, 2005Full Service Brick and Mortar
    39446843Sacramento Retail Office1751 Howe Avenue, Sacramento, CA 95825January 17, 2006Full Service Brick and Mortar
    40450816Pittsburg Branch695 Railroad Avenue, Pittsburg, CA 94565April 10, 2006Full Service Brick and Mortar
    42492776Lafayette Branch3640 Mt Diablo Blvd, Lafayette, CA 94549July 18, 2008Full Service Retail
    43518665North Roseville Retail Branch Office721 Pleasant Grove Boulevard Ste 100, Roseville, CA 95678March 14, 2011Full Service Brick and Mortar

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