Mechanics Bank


Mechanics Bank is an FDIC insured institution headquartered at 1111 Civic Dr, Walnut Creek, CA 94596.
It was founded in 1905 and has approximately $17 billion in assets. Customers can open an account at one of its 36 branches.

Deposit Rates - December 10, 2024

SAVINGS RATES APY MIN
Savings
0.01% $2,500 Compare
CD RATES APY MIN
Special: 5 Mo CD
0.50% $1,000 Compare
6 Mo CD
0.05% $10,000 Compare
6 Mo CD
0.05% $100,000 Compare
Special: 11 Mo CD
0.25% $1,000 Compare
12 Mo CD
0.15% $10,000 Compare
12 Mo CD
0.15% $100,000 Compare
18 Mo CD
0.50% $10,000 Compare
18 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.25% $10,000 Compare
24 Mo CD
0.25% $100,000 Compare
30 Mo CD
0.25% $10,000 Compare
30 Mo CD
0.25% $100,000 Compare
Special: 36 Mo CD
0.75% $1,000 Compare
36 Mo CD
0.45% $10,000 Compare
36 Mo CD
0.50% $100,000 Compare
48 Mo CD
0.45% $10,000 Compare
48 Mo CD
0.50% $100,000 Compare
60 Mo CD
0.70% $10,000 Compare
60 Mo CD
0.75% $100,000 Compare
FIXED IRA RATES APY MIN
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 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1768
Date Established 1905
Assets $ 17.33 billion
Loans $ 10.11 billion
Deposits $ 14.10 billion
Capital $ 2.24 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 1,842.89 million
Interest-bearing balances $ 1,650.00 million
Total securities $ 3.91 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 10.11 billion
Loan loss allowance $ 108.02 million
Trading account assets $ 19.51 million
Bank premises and fixed assets N.A.
Other real estate owned $ 17.88 million
Goodwill and other intangibles $ 888.10 million
All other assets $ 394.09 million
     Total Assets $ 15.08 billion

LIABILITIES
Total deposits $ 14.10 billion
      Interest-bearing deposits $ 8.54 billion
      Deposits held in domestic offices $ 14.10 billion
      % insured (estimated) 56.20%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 17.20 million
Other borrowed funds N.A.
Subordinated debt $ 24.99 million
All other liabilities $ 199.13 millionn
      Total Liabilities $ 15.08 billion
      Shareholders’ Equity $ 2.24 billion

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 366.75 million
Total Interest Expense $ 106.95 million
Net interest income $ 259.80 million
Provision for loan and lease losses N.A.
Total non interest income $ 32.62 million
Total non interest expense $ 176.38 million
Pre-tax Net Operating Income $ 156.62 million

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Branches

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Mechanics Bank Locations