Mechanics Bank Mortgage Rates, Fees & Info

Walnut Creek, CA

LEI: 549300TF1E42EUFBSL45

Tax ID: 94-0672780

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Mechanics Bank is a smaller bank specializing in Refi and Home Purchase loans. Mechanics Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Luis Obispo, San Francisco, Sacramento, and San Diego among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mechanics Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mechanics Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/18/24
    30 Year Conventional Purchase 5.74% 4/18/24
    30 Year Conventional Refi 5.85% 4/18/24
    30 Year Cash-out Refi 6.06% 4/18/24
    15 Year Conventional Purchase 5.27% 4/18/24
    15 Year Conventional Refi 5.43% 4/18/24
    15 Year Cash-out Refi 5.43% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Mechanics Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mechanics Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    691

    Origination Dollar Volume (All Markets)

    $518,855,000

    Employee count

    2,218 Show all (15) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 25 $83,705,000 $3,348,200 $3,961 3.80%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 160 $81,420,000 $508,875 $3,176 4.03%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 30 $73,470,000 $2,449,000 $3,809 3.18%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 58 $41,460,000 $714,828 $3,748 4.03%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $36,915,000 $3,355,909 $3,676 4.02%
    SALINAS, CA (FHA|USDA|VA) 58 $29,810,000 $513,966 $3,191 4.21%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 62 $24,470,000 $394,677 $2,770 4.37%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 38 $23,450,000 $617,105 $4,044 3.85%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 17 $13,915,000 $818,529 $3,356 3.57%
    EL CENTRO, CA (FHA|USDA|VA) 28 $13,090,000 $467,500 $2,849 4.49%
    MODESTO, CA (FHA|USDA|VA) 12 $12,780,000 $1,065,000 $3,038 4.38%
    MERCED, CA (FHA|USDA|VA) 19 $10,275,000 $540,789 $3,297 4.69%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $9,525,000 $1,058,333 $3,978 3.50%
    NAPA, CA (FHA|USDA|VA) 15 $9,085,000 $605,667 $3,133 4.05%
    VISALIA, CA (FHA|USDA|VA) 21 $7,955,000 $378,810 $3,600 4.20%
    CHICO, CA (FHA|USDA|VA) 27 $7,955,000 $294,630 $2,673 4.66%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 26 $7,750,000 $298,077 $2,722 4.44%
    BAKERSFIELD, CA (FHA|USDA|VA) 14 $6,030,000 $430,714 $3,128 3.94%
    FRESNO, CA (FHA|USDA|VA) 13 $5,055,000 $388,846 $3,004 4.43%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $4,175,000 $835,000 $3,641 4.63%
    Outside of Metro Areas 14 $3,720,000 $265,714 $2,929 4.84%
    STOCKTON, CA (FHA|USDA|VA) 6 $3,290,000 $548,333 $3,871 4.25%
    Clearlake, CA (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 3.95%
    MADERA, CA (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $6,365 3.69%
    Red Bluff, CA (FHA|USDA|VA) 10 $1,890,000 $189,000 $2,528 4.81%
    YUBA CITY, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,321 4.31%
    VALLEJO, CA (FHA|USDA|VA) 1 $675,000 $675,000 $2,405 3.25%
    Sonora, CA (FHA|USDA|VA) 2 $410,000 $205,000 $3,062 4.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,389 3.88%
    Ukiah, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,913 4.25%
    REDDING, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,779 4.63%
    Susanville, CA (FHA|USDA|VA) 1 $135,000 $135,000 $2,374 3.88%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $95,000 $95,000 $2,450 4.50%
    Mechanics Bank's top markets include Los Angeles, San Luis Obispo, San Francisco, Sacramento, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Mechanics Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SESLOC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 691 $518,855,000 $750,876 $3,244 4.13%

    For 2019, Mechanics Bank's most frequently originated type of loan was Conventional, with 691 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 219 $98,985,000 $451,986 $2,970 4.15%
    Refi 218 $282,420,000 $1,295,505 $2,921 3.92%
    Home Purchase 179 $110,335,000 $616,397 $4,464 3.92%
    Other 52 $20,240,000 $389,231 $2,177 5.15%
    Home Improvement 23 $6,875,000 $298,913 $2,046 5.20%

    For 2019, Mechanics Bank's most frequently cited loan purpose was Cash Out Refi, with 219 originations. The 2nd most popular reason was Refi, with 218 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 544 $333,140,000 $612,390 $3,458 4.07%
    15 Year 80 $134,390,000 $1,679,875 $2,858 3.95%
    20 Year 24 $4,980,000 $207,500 $1,637 5.21%
    10 Year 15 $25,235,000 $1,682,333 $823 5.18%
    5 Year 15 $19,915,000 $1,327,667 $0 1.78%
    Other 13 $1,195,000 $91,923 $0 7.20%

    For 2019, Mechanics Bank's most frequently cited loan duration was 30 Year, with 544 originations. The 2nd most popular length was 15 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 558 $282,050,000 $505,466
    $1k-2k 45 $11,725,000 $260,556
    $2k-3k 15 $5,535,000 $369,000
    $3k-4k 6 $2,980,000 $496,667
    $4k-5k 3 $1,175,000 $391,667
    $5k+ 3 $935,000 $311,667

    Mechanics Bank's average total fees were $3,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 558 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 335 $301,695,000 $900,582
    4-5% 260 $184,730,000 $710,500
    5-6% 37 $18,245,000 $493,108
    2.5-3% 23 $12,175,000 $529,348
    7-8% 16 $1,030,000 $64,375
    6-7% 11 $765,000 $69,545
    <2.5% 8 $190,000 $23,750

    During 2019, Mechanics Bank's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 188 $54,270,000 $288,670 $2,972 4.23%
    $400k-600k 134 $65,630,000 $489,776 $3,500 4.09%
    $600k-1MM 114 $87,000,000 $763,158 $3,891 3.81%
    $1MM+ 100 $293,690,000 $2,936,900 $4,722 3.88%
    $100k-200k 97 $15,105,000 $155,722 $2,880 4.16%
    $100,000 or less 58 $3,160,000 $54,483 $1,226 4.94%

    2019 saw Mechanics Bank place emphasis on $200k-400k loans with 188 originations, totaling $54,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 160 $142,830,000 $892,688 $4,023 3.91%
    $150k-250k 122 $65,330,000 $535,492 $3,506 4.07%
    $100k-150k 108 $40,550,000 $375,463 $3,208 4.36%
    $50k-75k 82 $16,010,000 $195,244 $2,837 4.15%
    $75k-100k 75 $21,285,000 $283,800 $2,936 4.30%
    $50k or less 50 $7,100,000 $142,000 $2,238 4.62%

    Mechanics Bank lent most frequently to those with incomes in the $250k+ range, with 160 originations. The second most popular income band? $150k-250k, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $64,470,000 $537,250 $3,252 3.98%
    30-36% 112 $50,170,000 $447,946 $3,283 4.21%
    <20% 74 $35,970,000 $486,081 $2,955 3.94%
    44% 41 $21,335,000 $520,366 $3,327 4.26%
    42% 40 $15,820,000 $395,500 $3,000 4.41%
    40% 37 $22,835,000 $617,162 $3,299 4.30%
    37% 27 $13,225,000 $489,815 $3,201 3.91%
    43% 26 $9,240,000 $355,385 $3,284 4.41%
    41% 25 $16,065,000 $642,600 $4,191 4.27%
    39% 25 $12,105,000 $484,200 $3,275 4.28%
    38% 25 $14,625,000 $585,000 $3,438 4.07%
    49% 20 $7,410,000 $370,500 $3,313 4.64%
    36% 17 $6,925,000 $407,353 $3,089 4.27%
    47% 12 $3,270,000 $272,500 $2,477 4.54%
    48% 11 $5,445,000 $495,000 $3,577 4.51%
    46% 9 $2,595,000 $288,333 $3,101 4.46%
    45% 8 $1,560,000 $195,000 $2,999 5.08%
    50-60% 3 $3,285,000 $1,095,000 $3,656 3.54%

    Mechanics Bank lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 534 $255,650,000 $478,745 $3,228 4.18%
    Not applicable 42 $180,430,000 $4,295,952 $0 4.11%
    Not provided 68 $59,840,000 $880,000 $3,305 3.92%
    Asian 33 $17,525,000 $531,061 $3,462 3.83%
    Black 5 $2,415,000 $483,000 $2,317 3.78%
    American Indian 6 $1,950,000 $325,000 $3,570 4.15%
    Native Hawaiian or Islander 1 $665,000 $665,000 $4,935 3.38%
    Asian Indian 2 $380,000 $190,000 $2,701 4.19%

    Approval Rates

    Total approvals of all applications
    87.77%

    Mechanics Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.14%

    Mechanics Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 691 $518,855,000 $750,876

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,405,000 $2,405,000
    Multifamily:Site-Built 45 $203,075,000 $4,512,778
    Single Family (1-4 Units):Manufactured 24 $8,080,000 $336,667
    Single Family (1-4 Units):Site-Built 621 $305,295,000 $491,618

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $46,370,000 $526,932 $2,767 4.00%
    40-60% 184 $208,960,000 $1,135,652 $3,145 3.99%
    60-80% 284 $217,570,000 $766,092 $3,540 4.16%
    80-100% 79 $39,675,000 $502,215 $4,068 4.09%
    Under 20% 47 $6,065,000 $129,043 $1,334 5.54%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mechanics Bank 1015 Adams Street Saint Helena, CA 94574 Full Service B&M $51,613
    Mechanics Bank 1111 Civic Drive Walnut Creek, CA 94596 Full Service B&M $0
    Mechanics Bank 1170 Concord Avenue Ste 160 Concord, CA 94520 Full Service B&M $59,010
    Mechanics Bank 11906 Main Street Fort Jones, CA 96032 Full Service B&M $18,919
    Mechanics Bank 1345 Poplar Drive Medford, OR 97504 Full Service B&M $7,932
    Mechanics Bank 1350 North Main Street Walnut Creek, CA 94596 Full Service B&M $586,153
    Mechanics Bank 1355 Moraga Way Moraga, CA 94556 Full Service Retail $25,907
    Mechanics Bank 142 Morgan Way Mount Shasta, CA 96067 Full Service B&M $58,252
    Mechanics Bank 1600 Palos Verdes Mall Walnut Creek, CA 94596 Full Service B&M $25,548
    Mechanics Bank 1801 Solano Avenue Berkeley, CA 94707 Full Service B&M $138,915
    Mechanics Bank 18400 Von Karmen Ave, Ste 1100 Irvine, CA 92612 Full Service B&M $1,050,722
    Mechanics Bank 185 Hartnell Avenue Redding, CA 96002 Full Service B&M $33,089
    Mechanics Bank 1999 Harrison Street, Suite 100 Oakland, CA 94612 Full Service B&M $87,400
    Mechanics Bank 20 San Pablo Towne Center San Pablo, CA 94806 Full Service B&M $59,793
    Mechanics Bank 2001 Gateway Place, Ste. 135e San Jose, CA 95110 Full Service B&M $2,355
    Mechanics Bank 2301 Shattuck Avenue Berkeley, CA 94704 Full Service B&M $186,454
    Mechanics Bank 2690 Pinole Valley Road Pinole, CA 94564 Full Service B&M $146,280
    Mechanics Bank 279 Arlington Avenue Kensington, CA 94707 Full Service B&M $111,449
    Mechanics Bank 3190 Klose Way Richmond, CA 94806 Full Service B&M $414,926
    Mechanics Bank 3350 California Blvd Ste C Napa, CA 94558 Full Service B&M $20,498
    Mechanics Bank 343 Sansome Street Suite 100 San Francisco, CA 94104 Full Service B&M $97,030
    Mechanics Bank 345 Railroad Avenue Danville, CA 94526 Full Service Retail $38,062
    Mechanics Bank 3640 Mt Diablo Blvd Lafayette, CA 94549 Full Service B&M $73,285
    Mechanics Bank 375 South Weed Boulevard Weed, CA 96094 Full Service B&M $23,244
    Mechanics Bank 3884 San Pablo Dam Road El Sobrante, CA 94803 Full Service B&M $87,916
    Mechanics Bank 4 West Richmond Avenue Point Richmond, CA 94801 Full Service B&M $87,909
    Mechanics Bank 4100 Macdonald Avenue Richmond, CA 94805 Full Service B&M $89,062
    Mechanics Bank 424 Main Street Etna, CA 96027 Full Service B&M $21,514
    Mechanics Bank 433 Soscol Avenue, Suite B-161 Napa, CA 94559 Full Service B&M $34,440
    Mechanics Bank 4354 Town Center Blvd El Dorado Hills, CA 95762 Full Service B&M $54,523
    Mechanics Bank 515 South Broadway Yreka, CA 96097 Full Service B&M $53,705
    Mechanics Bank 590 Ygnacio Valley Road, Suite 101 Walnut Creek, CA 94596 Full Service B&M $230,970
    Mechanics Bank 610 Newport Center Drive, Suite 100 Newport Beach, CA 92660 Full Service B&M $39,026
    Mechanics Bank 63729 Hwy 96 Happy Camp, CA 96039 Full Service B&M $31,588
    Mechanics Bank 683 Parker Avenue Rodeo, CA 94572 Full Service B&M $46,333
    Mechanics Bank 695 Railroad Avenue Pittsburg, CA 94565 Full Service B&M $32,545
    Mechanics Bank 721 Pleasant Grove Boulevard Ste 100 Roseville, CA 95678 Full Service B&M $46,404
    Mechanics Bank 755 Hearst Avenue Berkeley, CA 94710 Full Service B&M $49,590
    Mechanics Bank 77 Moraga Way Orinda, CA 94563 Full Service B&M $48,830
    Mechanics Bank 801 San Pablo Avenue Albany, CA 94706 Full Service B&M $145,419
    Mechanics Bank 875 S Westlake Blvd., Suite 101 Westlake Village, CA 91361 Full Service B&M $26,075
    Mechanics Bank 904 4th Street San Rafael, CA 94901 Full Service B&M $41,365
    Mechanics Bank 9300 Wilshire Blvd Suite 101, Suite 101 Beverly Hills, CA 90212 Full Service B&M $25,201
    Mechanics Bank 9333 Genesee Avenue, Suite 1100 San Diego, CA 92121 Full Service B&M $54
    Mechanics Bank 9996 San Pablo Avenue El Cerrito, CA 94530 Full Service B&M $223,904

    For 2019, Mechanics Bank had 45 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $406,578
    Net interest income $368,968
    Total noninterest income $60,729
    Gross Fiduciary activities income $7,658
    Service charges on deposit accounts $13,401
    Trading account gains and fees $185
    Additional Noninterest Income $39,485
    Pre-tax net operating income $78,167
    Securities gains (or losses, -) $153
    Income before extraordinary items $57,727
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $57,727
    Minority interest net income $0
    Net income $57,727
    Sale, conversion, retirement of capital stock, net $1,386,541
    Net operating income $57,606

    Mechanics Bank's gross interest income from loans was $406,578,000.
    Mechanics Bank's net interest income from loans was $368,968,000.
    Mechanics Bank's fee based income from loans was $13,401,000.
    Mechanics Bank's net income from loans was $57,727,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,610
    Provision for credit losses $35,324
    Total noninterest expense $316,206
    Salaries and employee benefits $160,420
    Premises and equipment expense $42,686
    Additional noninterest expense $113,100
    Applicable income taxes $20,593
    Net charge-offs $24,449
    Cash dividends $0

    Mechanics Bank's interest expense for loans was $37,610,000.
    Mechanics Bank's payroll and benefits expense were $160,420,000.
    Mechanics Bank's property, plant and equipment expenses $42,686,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 3.0%

    Deposits

    Type Value (in 000's)
    Total deposits $14,593,878
    Deposits held in domestic offices $14,593,878
    Deposits by Individuals, partnerships, and corporations $13,951,825
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $638,327
    Deposits by Commercial banks and other depository institutions in U.S. $3,726
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,921,303
    Demand deposits $1,800,446
    Nontransaction accounts $12,672,575
    Money market deposit accounts (MMDAs) $5,922,423
    Other savings deposits (excluding MMDAs) $5,111,682
    Total time deposits $1,638,471
    Total time and savings deposits $12,793,432
    Noninterest-bearing deposits $6,231,015
    Interest-bearing deposits $8,362,863
    Retail deposits $13,878,612
    IRAs and Keogh plan accounts $206,822
    Brokered deposits $1,127,978
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $17,204,194
    Cash & Balances due from depository institutions $1,045,447
    Interest-bearing balances $648,255
    Total securities $4,480,659
    Federal funds sold & reverse repurchase $0
    Net loans and leases $10,129,085
    Loan and leases loss allowance $37,315
    Trading account assets $41,341
    Bank premises and fixed assets $230,170
    Other real estate owned $2,889
    Goodwill and other intangibles $993,252
    All other assets $281,351

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $17,204,194
    Total Liabilities $14,906,233
    Total deposits $14,593,878
    Interest-bearing deposits $8,362,863
    Deposits held in domestic offices $14,593,878
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $24,622
    Trading liabilities $27,708
    Other borrowed funds $64,271
    Subordinated debt $24,807
    All other liabilities $170,947

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $10,129,085
    Loan and leases loss allowance $37,315
    Total loans and leases (domestic) $10,166,400
    All real estate loans $7,360,524
    Real estate loans in domestic offices $7,360,524
    Construction and development loans $183,290
    Residential 1-4 family construction $8,418
    Other construction, all land development and other land $174,872
    Loans secured by nonfarm nonresidential properties $3,827,743
    Nonfarm nonresidential secured by owner-occupied properties $623,539
    Commercial real estate & other non-farm, non-residential $3,204,204
    Multifamily residential real estate $1,137,750
    1-4 family residential loans $2,168,653
    Farmland loans $43,088
    Loans held in foreign offices $0
    Farm loans $17,156
    Commercial and industrial loans $571,277
    To non-U.S. addressees $0
    Loans to individuals $2,148,811
    Credit card loans $0
    Related Plans $9,032
    Consumer Auto Loans $1,915,537
    Other loans to individuals $224,242
    All other loans & leases $68,631
    Loans to foreign governments and official institutions $0
    Other loans $46,313
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $131,764
    Loans secured by real estate to non-U.S. addressees $221
    Restructured Loans & leases $741
    Non 1-4 family restructured loans & leases $156
    Total loans and leases (foreign) $0

    Mechanics Bank had $10,129,085,000 of loans outstanding in 2019. $7,360,524,000 of loans were in real estate loans. $183,290,000 of loans were in development loans. $1,137,750,000 of loans were in multifamily mortgage loans. $2,168,653,000 of loans were in 1-4 family mortgage loans. $17,156,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,915,537,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 843 $299,248 $354,980
    Nonfarm, nonresidential loans - <$100k 42 $3,105 $73,929
    Nonfarm, nonresidential loans - $100-250k 190 $24,943 $131,279
    Nonfarm, nonresidential loans - $250k-1MM 611 $271,200 $443,863
    Commercial & Industrial, US addressed loans - <$1MM 2,410 $159,054 $65,998
    Commercial & Industrial, US addressed loans - <$100k 1,734 $36,299 $20,934
    Commercial & Industrial, US addressed loans - $100-250k 334 $30,809 $92,243
    Commercial & Industrial, US addressed loans - $250k-1MM 342 $91,946 $268,848
    Farmland loans - <$1MM 73 $11,425 $156,507
    Farmland loans - <$100k 8 $349 $43,625
    Farmland loans - $100-250k 30 $3,250 $108,333
    Farmland loans - $250k-1MM 35 $7,826 $223,600
    Agriculture operations loans - <$1MM 115 $11,659 $101,383
    Agriculture operations loans - <$100k 54 $1,968 $36,444
    Agriculture operations loans - $100-250k 34 $3,392 $99,765
    Agriculture operations loans - $250k-1MM 27 $6,299 $233,296