Mechanics Bank

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Deposit Rates - June 19, 2021

SAVINGS RATES APY MIN MAX
Savings
0.01% $2,500 $4,999 Compare
CD RATES APY MIN MAX
Special: 5 Mo CD
0.50% $1,000 - Compare
FIXED IRA RATES APY MIN MAX
Special: 5 Mo FIRA
0.50% $1,000 -
Special: 11 Mo FIRA
0.25% $1,000 -
Special: 36 Mo FIRA
0.75% $1,000 -

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1768
Date Established 1905
Assets $ 19.13 billion
Loans $ 10.99 billion
Deposits $ 16.35 billion
Capital $ 2.45 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 1,171.77 million
Interest-bearing balances $ 761.16 million
Total securities $ 5.39 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.99 billion
Loan loss allowance $ 129.25 million
Trading account assets $ 81.41 million
Bank premises and fixed assets N.A.
Other real estate owned $ 14.49 million
Goodwill and other intangibles $ 959.08 million
All other assets $ 307.33 million
     Total Assets $ 16.68 billion

LIABILITIES
Total deposits $ 16.35 billion
      Interest-bearing deposits $ 8.85 billion
      Deposits held in domestic offices $ 16.35 billion
      % insured (estimated) 53.51%
Federal funds purchased and repurchase agreements $ 3.31 million
Trading liabilities $ 71.28 million
Other borrowed funds N.A.
Subordinated debt $ 24.85 million
All other liabilities $ 231.77 millionn
      Total Liabilities $ 16.68 billion
      Shareholders’ Equity $ 2.45 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 611.36 million
Total Interest Expense $ 36.12 million
Net interest income $ 575.24 million
Provision for loan and lease losses $ 114.75 million
Total non interest income $ 70.75 million
Total non interest expense $ 429.54 million
Pre-tax Net Operating Income $ 101.70 million

Mechanics Bank is an FDIC insured institution headquartered at 1111 Civic Drive, Walnut Creek, CA 94596.
It was founded in 1905 and has approximately $19 billion in assets. Customers can open an account at one of its 36 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    CALIFORNIA
    $50,000
    5 Month
    0.50%
    N.A.
    $1,000
    -
    SCENARIO
    Year Rate
    0.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    6 Month
    0.35%
    1.30x (National Avg. - 0.27%)
    $25,000
    -
    SCENARIO
    Year Rate
    0.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 175 123
    2 50,175 176 123
    3 50,351 176 123
    4 50,527 177 124
    5 50,704 177 124
    6 50,881 178 125
    7 51,059 179 125
    8 51,238 179 126
    9 51,417 180 126
    10 51,597 181 126
    11 51,778 181 127
    12 51,959 182 127
    13 52,141 182 128
    14 52,323 183 128
    15 52,507 184 129
    16 52,690 184 129
    17 52,875 185 130
    18 53,060 186 130
    19 53,245 186 130
    20 53,432 187 131
    TOTAL $3,619 $2,533
  • 3
    ONLINE CD
    Online Bank
    -
    $50,000
    36 Month
    0.75%
    1.20x (National Avg. - 0.62%)
    $25,000
    -
    SCENARIO
    Year Rate
    0.75%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 4
    ONLINE CD
    Online Bank
    -
    $50,000
    48 Month
    0.80%
    1.15x (National Avg. - 0.69%)
    $25,000
    -
    SCENARIO
    Year Rate
    0.80%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 400 280
    2 50,400 403 282
    3 50,803 406 284
    4 51,210 410 287
    5 51,619 413 289
    6 52,032 416 291
    7 52,449 420 294
    8 52,868 423 296
    9 53,291 426 298
    10 53,717 430 301
    11 54,147 433 303
    12 54,580 437 306
    13 55,017 440 308
    14 55,457 444 311
    15 55,901 447 313
    16 56,348 451 316
    17 56,799 454 318
    18 57,253 458 321
    19 57,711 462 323
    20 58,173 465 326
    TOTAL $8,638 $6,047