Mechanics Bank in Mansfield, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Mechanics Bank in Mansfield, Ohio (OH)
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Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 29011
    Status: Active
    Federal Reserve ID: 943675
    Bank Holding Company (Regulatory Top Holder): Mechanics Financial Corporation (RSSDID: 2395326, Location: Mansfield, OH)
    Date Established: January 01, 1886
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 2762
    FDIC's unique #: 41845
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 02, 1959
    Last Structure Change Effective Date: December 08, 2010
    Last Structure Change Process Date: January 12, 2011
    Last Data Update: January 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 South Main Street, Mansfield, OH 44902
    County: Richland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Mansfield, OH (#4800)
    Combined Statistical Area (CSA): Mansfield-Bucyrus, OH (#360)
    Core Based Statistical Area (CBSA): Mansfield, OH (#31900)
    CBSA Metro Statistical Area: Mansfield, OH (#31900)
  • History of Changes
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $374.1 mil
    Equity capital: $38.2 mil
    Deposits held in domestic offices: $333.8 mil
    Return on assets (ROA): 0.59% ($2.2 mil)
    Quarterly return on assets: 0.63% ($2.4 mil)
    Return on Equity (ROE): 5.90% ($2.2 mil)
    Quarterly return on equity: 6.11% ($2.3 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.89% ($3,329.7 mil)
    Quarterly Pretax return on assets: 0.95% ($3,554.2 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
  • 103Total employees (full-time equivalent)
  • $374,128Total assets
  • $51,390Cash and due from depository institutions
  • $45,261Interest-bearing balances
  • $36,844Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $275,465Net loans & leases
  • $3,359Loan loss allowance
  • $0Trading account assets
  • $5,812Bank premises and fixed assets
  • $129Other real estate owned
  • $0Goodwill and other intangibles
  • $374,128Life insurance assets
  • $4,488All other assets
  • $335,912Total liabilities and capital
  • $333,791Total liabilities
  • $318,069Total deposits
  • $333,791Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 959.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,162Subordinated debt
  • $38,216All other liabilities
  • $38,216Total equity capital
  • $38,216Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $712Surplus
  • $37,154Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,470Income earned, not collected on loans
  • $0Earning assets
  • $696Long-term assets (5+ years)
  • $357,570Average Assets, year-to-date
  • $197,928Average Assets, quarterly
  • $366,367Volatile liabilities
  • $369,953Insider loans
  • $175,537FHLB advances
  • $368,335Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,486Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $48,692Restructured Loans and leases
  • $1,831Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,458Total interest income
  • $2,032Total interest expense
  • $13,426Net interest income
  • $1,152Provision for loan and lease losses
  • $2,310Total noninterest income
  • $0Fiduciary activities
  • $976Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,334Additional noninterest income
  • $11,308Total noninterest expense
  • $5,252Salaries and employee benefits
  • $1,425Premises and equipment expense
  • $4,631Additional noninterest expense
  • $3,276Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,116Applicable income taxes
  • $2,160Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,160Net income attributable to bank
  • $0Net charge-offs
  • $2,160Cash dividends
  • $820Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 5.90%Return on equity (ROE)
  • 5.90%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 140.49%Credit loss provision to net charge-offs
  • 5.40%Efficiency ratio
  • 71,861Assets per employee
  • 3.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 96.80%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 82.53%Net loans and leases to core deposits
  • 85.21%Equity capital to assets
  • 10.21%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 21.36%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $366,367Average earning assets
  • $36,615Average equity
  • $349,594Average loans

List of branches

  • 6 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041845Mechanics Bank2 South Main Street, Mansfield, OH 44902January 01, 1886Full Service Brick and Mortar
    1272313971 Lexington Avenue Branch971 Lexington Avenue, Mansfield, OH 44907January 01, 1886Full Service Brick and Mortar
    2272314972 Ashland Road Branch972 Ashland Road, Mansfield, OH 44905January 01, 1886Full Service Brick and Mortar
    1002723152103 Park Avenue West Branch2103 Park Avenue West, Ontario, OH 44906January 01, 1886Full Service Brick and Mortar
    101272316Lexington Branch256 East Main Street, Lexington, OH 44904September 28, 1998Full Service Brick and Mortar
    102492562Trimble Road Branch490 North Trimble Road, Mansfield, OH 44906June 10, 2009Full Service Brick and Mortar

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