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
  • Complaints
  • 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 loans. Mechanics Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, San Francisco, Los Angeles, San Luis Obispo, and Salinas among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mechanics Bank has an above 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% 4/22/24
    30 Year Conventional Purchase 5.74% 4/22/24
    30 Year Conventional Refi 5.85% 4/22/24
    30 Year Cash-out Refi 6.06% 4/22/24
    15 Year Conventional Purchase 5.27% 4/22/24
    15 Year Conventional Refi 5.43% 4/22/24
    15 Year Cash-out Refi 5.43% 4/22/24
    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

    586

    Origination Dollar Volume (All Markets)

    $683,310,000

    Employee count

    1,886 Show all (5) 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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 37 $143,785,000 $3,886,081 $4,401 3.37%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 79 $136,865,000 $1,732,468 $3,205 3.11%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 47 $102,455,000 $2,179,894 $3,519 3.34%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 123 $65,915,000 $535,894 $2,993 3.48%
    SALINAS, CA (FHA|USDA|VA) 57 $41,085,000 $720,789 $3,411 3.35%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 53 $38,135,000 $719,528 $3,287 3.34%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 46 $33,440,000 $726,957 $3,294 3.54%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 15 $17,845,000 $1,189,667 $3,816 3.94%
    MODESTO, CA (FHA|USDA|VA) 8 $12,140,000 $1,517,500 $3,733 3.81%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $10,645,000 $818,846 $2,998 3.39%
    STOCKTON, CA (FHA|USDA|VA) 7 $10,105,000 $1,443,571 $4,080 3.53%
    MERCED, CA (FHA|USDA|VA) 12 $8,780,000 $731,667 $3,373 3.52%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $8,395,000 $932,778 $4,099 3.48%
    NAPA, CA (FHA|USDA|VA) 13 $8,085,000 $621,923 $3,211 3.49%
    CHICO, CA (FHA|USDA|VA) 16 $8,040,000 $502,500 $3,163 3.58%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $5,670,000 $708,750 $3,931 3.27%
    VALLEJO, CA (FHA|USDA|VA) 6 $4,960,000 $826,667 $2,858 3.53%
    YUBA CITY, CA (FHA|USDA|VA) 5 $4,925,000 $985,000 $3,289 3.86%
    Outside of Metro Areas 7 $3,765,000 $537,857 $3,666 3.80%
    FRESNO, CA (FHA|USDA|VA) 5 $3,455,000 $691,000 $2,952 3.57%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,995,000 $998,333 $2,594 3.58%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $2,440,000 $610,000 $3,578 3.99%
    REDDING, CA (FHA|USDA|VA) 2 $2,400,000 $1,200,000 $0 3.83%
    VISALIA, CA (FHA|USDA|VA) 1 $1,715,000 $1,715,000 $4,175 3.88%
    CARSON CITY, NV (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 3.70%
    Red Bluff, CA (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,157 3.92%
    MADERA, CA (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,685 3.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $955,000 $955,000 $6,074 3.25%
    Sonora, CA (FHA|USDA|VA) 2 $800,000 $400,000 $3,278 3.56%
    Clearlake, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,920 3.38%
    Mechanics Bank's top markets include San Diego, San Francisco, Los Angeles, San Luis Obispo, and Salinas among others.

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

    Monterey Credit Union
    Similarity Rank: 144
    Chaffey Federal Credit Union
    Similarity Rank: 345
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1120
    COASTHILLS
    Similarity Rank: 1368
    SESLOC
    Similarity Rank: 1416
    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 586 $683,310,000 $1,166,058 $3,292 3.42%

    For 2020, Mechanics Bank's most frequently originated type of loan was Conventional, with 586 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 413 $555,155,000 $1,344,201 $3,126 3.36%
    Cash Out Refi 87 $44,965,000 $516,839 $3,105 3.69%
    Home Purchase 73 $80,395,000 $1,101,301 $5,062 3.33%
    Home Improvement 8 $1,530,000 $191,250 $2,710 4.06%
    Other 5 $1,265,000 $253,000 $2,491 4.43%

    For 2020, Mechanics Bank's most frequently cited loan purpose was Refi, with 413 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 403 $358,135,000 $888,672 $3,364 3.45%
    15 Year 163 $304,825,000 $1,870,092 $3,007 3.43%
    5 Year 8 $12,180,000 $1,522,500 $0 0.43%
    20 Year 7 $1,505,000 $215,000 $2,781 3.88%
    10 Year 5 $6,665,000 $1,333,000 $0 5.00%

    For 2020, Mechanics Bank's most frequently cited loan duration was 30 Year, with 403 originations. The 2nd most popular length was 15 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 328 $188,930,000 $576,006
    $1k-2k 16 $4,670,000 $291,875
    $2k-3k 3 $945,000 $315,000
    $3k-4k 3 $1,975,000 $658,333
    $5k+ 1 $565,000 $565,000

    Mechanics Bank's average total fees were $3,364, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 328 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 411 $588,015,000 $1,430,693
    2.5-3% 106 $60,400,000 $569,811
    4-5% 42 $24,930,000 $593,571
    <2.5% 21 $8,485,000 $404,048
    5-6% 4 $1,410,000 $352,500
    6-7% 1 $35,000 $35,000
    7-8% 1 $35,000 $35,000

    During 2020, Mechanics Bank's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 411 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 163 $484,715,000 $2,973,712 $4,219 3.51%
    $200k-400k 142 $43,630,000 $307,254 $2,878 3.40%
    $400k-600k 122 $60,430,000 $495,328 $3,397 3.50%
    $600k-1MM 112 $88,940,000 $794,107 $3,564 3.37%
    $100k-200k 31 $4,775,000 $154,032 $2,665 3.46%
    $100,000 or less 16 $820,000 $51,250 $2,086 2.54%

    2020 saw Mechanics Bank place emphasis on $1MM+ loans with 163 originations, totaling $484,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 142 $111,310,000 $783,873 $3,703 3.34%
    $150k-250k 108 $59,480,000 $550,741 $3,263 3.35%
    $100k-150k 99 $41,675,000 $420,960 $3,211 3.47%
    $75k-100k 41 $13,925,000 $339,634 $2,946 3.44%
    $50k-75k 37 $7,855,000 $212,297 $2,878 3.19%
    $50k or less 11 $1,665,000 $151,364 $2,689 3.35%

    Mechanics Bank lent most frequently to those with incomes in the $250k+ range, with 142 originations. The second most popular income band? $150k-250k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 109 $56,405,000 $517,477 $3,145 3.32%
    30-36% 79 $41,325,000 $523,101 $3,223 3.42%
    <20% 61 $32,805,000 $537,787 $3,083 3.23%
    42% 34 $21,530,000 $633,235 $3,737 3.40%
    41% 29 $17,125,000 $590,517 $3,545 3.52%
    40% 26 $17,030,000 $655,000 $3,715 3.36%
    38% 21 $12,865,000 $612,619 $3,452 3.52%
    36% 16 $7,110,000 $444,375 $3,482 3.70%
    39% 14 $9,160,000 $654,286 $3,404 3.13%
    37% 12 $6,870,000 $572,500 $3,424 3.26%
    44% 10 $5,100,000 $510,000 $3,855 3.75%
    43% 10 $5,330,000 $533,000 $3,074 4.13%
    49% 9 $3,345,000 $371,667 $3,101 3.97%
    46% 4 $1,080,000 $270,000 $3,823 3.94%
    45% 3 $1,155,000 $385,000 $2,567 3.88%
    48% 3 $1,155,000 $385,000 $2,741 3.79%
    47% 2 $650,000 $325,000 $2,570 3.06%

    Mechanics Bank lent most frequently to those with DTI ratios of 20-30%, with 109 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 108 $376,200,000 $3,483,333 $0 3.63%
    White 370 $209,680,000 $566,703 $3,228 3.42%
    Not provided 71 $74,315,000 $1,046,690 $3,691 3.30%
    Asian 23 $16,975,000 $738,043 $3,415 3.43%
    American Indian 6 $3,840,000 $640,000 $3,250 3.15%
    Other Asian 1 $985,000 $985,000 $2,589 3.00%
    Native Hawaiian or Islander 2 $960,000 $480,000 $0 4.13%
    Black 5 $355,000 $71,000 $2,722 0.78%

    Approval Rates

    Total approvals of all applications
    93.34%

    Mechanics Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.72%

    Mechanics Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 586 $683,310,000 $1,166,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 14 $38,570,000 $2,755,000
    Multifamily:Site-Built 116 $393,910,000 $3,395,776
    Single Family (1-4 Units):Manufactured 14 $6,620,000 $472,857
    Single Family (1-4 Units):Site-Built 442 $244,210,000 $552,511

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $93,775,000 $801,496 $3,295 3.29%
    40-60% 225 $256,155,000 $1,138,467 $3,172 3.35%
    60-80% 204 $317,410,000 $1,555,931 $3,354 3.62%
    80-100% 11 $5,255,000 $477,727 $5,138 3.97%
    Under 20% 22 $10,540,000 $479,091 $2,643 3.79%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MECHANICS BANK Conventional home mortgage Struggling to pay mortgage 1 25.0%
    MECHANICS BANK Conventional home mortgage Trouble during payment process 1 25.0%
    MECHANICS BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%
    MECHANICS BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mechanics Bank 10 Maple Street Sonoma, CA 95476 Full Service B&M $42,027
    Mechanics Bank 1001 Los Osos Valley Road Los Osos, CA 93402 Full Service B&M $95,021
    Mechanics Bank 1003 I Street Reedley, CA 93654 Full Service B&M $101,667
    Mechanics Bank 1015 Adams Street Saint Helena, CA 94574 Full Service B&M $57,845
    Mechanics Bank 1025 Las Tablas Road Templeton, CA 93465 Full Service B&M $67,586
    Mechanics Bank 1026 Grand Avenue Arroyo Grande, CA 93420 Full Service B&M $209,263
    Mechanics Bank 10601 Merritt Street Castroville, CA 95012 Full Service B&M $90,391
    Mechanics Bank 107 North Ocean Avenue Cayucos, CA 93430 Full Service B&M $45,990
    Mechanics Bank 1070 Main Street Cambria, CA 93428 Full Service B&M $84,395
    Mechanics Bank 1110 East Clark Avenue Orcutt, CA 93455 Full Service B&M $147,014
    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 $71,900
    Mechanics Bank 1171 South Victoria Avenue, Ste 2-A Ventura, CA 93003 Full Service B&M $73,551
    Mechanics Bank 11906 Main Street Fort Jones, CA 96032 Full Service B&M $21,693
    Mechanics Bank 1207 Maricopa Road Ojai, CA 93023 Full Service B&M $90,572
    Mechanics Bank 1285 North Davis Road Salinas, CA 93907 Full Service B&M $71,579
    Mechanics Bank 130 East Tulare Street Dinuba, CA 93618 Full Service B&M $49,149
    Mechanics Bank 1305 Main Street, Suite B Newman, CA 95360 Full Service B&M $46,997
    Mechanics Bank 1345 Poplar Drive Medford, OR 97504 Full Service B&M $7,841
    Mechanics Bank 1350 North Main Street Walnut Creek, CA 94596 Full Service B&M $824,731
    Mechanics Bank 1355 Moraga Way Moraga, CA 94556 Full Service Retail $29,969
    Mechanics Bank 14001 Lakeridge Circle Magalia, CA 95954 Full Service Retail $29,116
    Mechanics Bank 1407 I Street Modesto, CA 95354 Full Service B&M $34,350
    Mechanics Bank 142 Morgan Way Mount Shasta, CA 96067 Full Service B&M $67,452
    Mechanics Bank 1448 Main Street El Centro, CA 92243 Full Service B&M $258,098
    Mechanics Bank 146 W Los Angeles Ave Moorpark, CA 93021 Full Service B&M $41,844
    Mechanics Bank 149 E Hobsonway Blythe, CA 92225 Full Service B&M $69,418
    Mechanics Bank 1491 South Sixth Street Coachella, CA 92236 Full Service B&M $54,634
    Mechanics Bank 1554 South Broadway Santa Maria, CA 93454 Full Service B&M $292,282
    Mechanics Bank 156 W 5th St Oxnard, CA 93030 Full Service B&M $75,764
    Mechanics Bank 1571 Mission Drive Solvang, CA 93463 Full Service B&M $55,623
    Mechanics Bank 1600 Butte House Road Yuba City, CA 95993 Full Service B&M $76,042
    Mechanics Bank 1600 Palos Verdes Mall Walnut Creek, CA 94596 Full Service B&M $28,798
    Mechanics Bank 1658 Fremont Blvd Seaside, CA 93955 Full Service B&M $132,957
    Mechanics Bank 1801 Solano Avenue Berkeley, CA 94707 Full Service B&M $157,602
    Mechanics Bank 18400 Von Karmen Ave, Ste 1100 Irvine, CA 92612 Full Service B&M $1,323,615
    Mechanics Bank 185 Hartnell Avenue Redding, CA 96002 Full Service B&M $33,813
    Mechanics Bank 18543 Main Street Groveland, CA 95321 Full Service B&M $32,864
    Mechanics Bank 1861 Bellevue Road Atwater, CA 95301 Full Service B&M $56,072
    Mechanics Bank 1889 March Lane Stockton, CA 95207 Full Service B&M $42,272
    Mechanics Bank 190 Main Street Brawley, CA 92227 Full Service B&M $200,718
    Mechanics Bank 1915 Main Street Watsonville, CA 95076 Full Service B&M $70,306
    Mechanics Bank 1999 Harrison Street, Suite 100 Oakland, CA 94612 Full Service B&M $115,596
    Mechanics Bank 20 San Pablo Towne Center San Pablo, CA 94806 Full Service B&M $78,681
    Mechanics Bank 2000 M Street Merced, CA 95340 Full Service B&M $71,755
    Mechanics Bank 2001 Gateway Place, Ste. 135e San Jose, CA 95110 Full Service B&M $3,004
    Mechanics Bank 2005 East Prosperity Avenue Tulare, CA 93274 Full Service B&M $77,065
    Mechanics Bank 201 Third Street Santa Rosa, CA 95404 Full Service B&M $40,872
    Mechanics Bank 2041 Forest Ave Chico, CA 95928 Full Service B&M $126,989
    Mechanics Bank 2149 H. Delarosa, Sr. Street Soledad, CA 93960 Full Service B&M $65,723
    Mechanics Bank 2150 North Waterman Ave. El Centro, CA 92243 Full Service Retail $10,941
    Mechanics Bank 218 North Douty Hanford, CA 93230 Full Service B&M $96,528
    Mechanics Bank 2190 West Monte Vista Avenue Turlock, CA 95382 Full Service B&M $39,436
    Mechanics Bank 2222 Bath Street Santa Barbara, CA 93105 Full Service B&M $58,784
    Mechanics Bank 2227 Myers Street Oroville, CA 95966 Full Service B&M $161,673
    Mechanics Bank 2276 Broad Street San Luis Obispo, CA 93401 Full Service B&M $162,970
    Mechanics Bank 230 9th Street Marysville, CA 95901 Full Service B&M $25,506
    Mechanics Bank 2301 Shattuck Avenue Berkeley, CA 94704 Full Service B&M $242,315
    Mechanics Bank 237 W. East Avenue Chico, CA 95926 Full Service B&M $83,070
    Mechanics Bank 250 Wildcat Drive Brawley, CA 92227 Full Service B&M $7,349
    Mechanics Bank 251 Harbor Street Morro Bay, CA 93442 Full Service B&M $98,263
    Mechanics Bank 2690 Pinole Valley Road Pinole, CA 94564 Full Service B&M $159,801
    Mechanics Bank 2700 Mt Vernon Ave Bakersfield, CA 93306 Full Service B&M $43,426
    Mechanics Bank 279 Arlington Avenue Kensington, CA 94707 Full Service B&M $125,341
    Mechanics Bank 300 East Esplanade Drive, Suite 101 Oxnard, CA 93036 Full Service B&M $66,755
    Mechanics Bank 300 South Mills Road Ventura, CA 93003 Full Service B&M $122,811
    Mechanics Bank 304 East Main Street Ventura, CA 93001 Full Service B&M $77,394
    Mechanics Bank 307 South Main St Salinas, CA 93901 Full Service B&M $670,428
    Mechanics Bank 3110 A Mission Drive Santa Cruz, CA 95065 Full Service B&M $50,030
    Mechanics Bank 3190 Klose Way Richmond, CA 94806 Full Service B&M $431,504
    Mechanics Bank 3350 California Blvd Ste C Napa, CA 94558 Full Service B&M $25,716
    Mechanics Bank 343 Sansome Street Suite 100 San Francisco, CA 94104 Full Service B&M $104,469
    Mechanics Bank 3443 South Mooney Blvd Visalia, CA 93277 Full Service B&M $100,792
    Mechanics Bank 345 Railroad Avenue Danville, CA 94526 Full Service Retail $46,200
    Mechanics Bank 3600 Sagunto Street Santa Ynez, CA 93460 Full Service B&M $78,958
    Mechanics Bank 3640 Mt Diablo Blvd Lafayette, CA 94549 Full Service B&M $86,871
    Mechanics Bank 375 South Weed Boulevard Weed, CA 96094 Full Service B&M $26,963
    Mechanics Bank 3757 State Street Santa Barbara, CA 93105 Full Service B&M $84,642
    Mechanics Bank 3800 Riverlakes Dr, Bakersfield, CA 93312 Full Service B&M $120,886
    Mechanics Bank 3801 Pelandale Ave. Suite 9 Modesto, CA 95356 Full Service B&M $32,819
    Mechanics Bank 3815 E Thousand Oaks Blvd, Ste A Westlake Village, CA 91362 Full Service B&M $300,325
    Mechanics Bank 3884 San Pablo Dam Road El Sobrante, CA 94803 Full Service B&M $95,505
    Mechanics Bank 3990 Gosford Road Bakersfield, CA 93309 Full Service B&M $82,956
    Mechanics Bank 500 Luther Road Red Bluff, CA 96080 Full Service B&M $36,319
    Mechanics Bank 3992 Douglas Boulevard, Suite 110 Roseville, CA 95661 Full Service B&M $1,520,210
    Mechanics Bank 4 West Richmond Avenue Point Richmond, CA 94801 Full Service B&M $101,828
    Mechanics Bank 400 Alta Street Gonzales, CA 93926 Full Service B&M $128,494
    Mechanics Bank 41-990 Cook St, Bldg H, Suite 701 Palm Desert, CA 92260 Full Service B&M $64,959
    Mechanics Bank 410 North Ventura Avenue Oak View, CA 93022 Full Service B&M $44,996
    Mechanics Bank 4100 Macdonald Avenue Richmond, CA 94805 Full Service B&M $103,713
    Mechanics Bank 424 Main Street Etna, CA 96027 Full Service B&M $26,062
    Mechanics Bank 433 Soscol Avenue, Suite B-161 Napa, CA 94559 Full Service B&M $44,990
    Mechanics Bank 4354 Town Center Blvd El Dorado Hills, CA 95762 Full Service B&M $69,978
    Mechanics Bank 439 Alvarado Street Monterey, CA 93940 Full Service B&M $81,251
    Mechanics Bank 45 River Park Place West Fresno, CA 93720 Full Service B&M $95,480
    Mechanics Bank 470 Arneill Road Camarillo, CA 93010 Full Service B&M $194,223
    Mechanics Bank 491 Tres Pinos Road Hollister, CA 95023 Full Service B&M $130,633
    Mechanics Bank 500 South Palm Canyon Drive, Suite 115 Palm Springs, CA 92264 Full Service B&M $41,862
    Mechanics Bank 501 S. Main Street Angels Camp, CA 95222 Full Service B&M $47,639
    Mechanics Bank 501 West Kettleman Lane Lodi, CA 95240 Full Service B&M $27,112
    Mechanics Bank 502 Holt Avenue Holtville, CA 92250 Full Service B&M $66,537
    Mechanics Bank 5030 Carpenteria Avenue Carpinteria, CA 93013 Full Service B&M $14,245
    Mechanics Bank 51-290 Avenida Bermudas La Quinta, CA 92253 Full Service B&M $40,596
    Mechanics Bank 515 South Broadway Yreka, CA 96097 Full Service B&M $57,998
    Mechanics Bank 5151 Stockdale Highway Bakersfield, CA 93309 Full Service B&M $158,907
    Mechanics Bank 519 East Main Street Santa Maria, CA 93454 Full Service B&M $71,760
    Mechanics Bank 532 Broadway Street King City, CA 93930 Full Service B&M $72,639
    Mechanics Bank 561 Lighthouse Avenue Pacific Grove, CA 93950 Full Service B&M $53,329
    Mechanics Bank 590 Ygnacio Valley Road, Suite 101 Walnut Creek, CA 94596 Full Service B&M $21,493
    Mechanics Bank 5956 Calle Real Goleta, CA 93117 Full Service B&M $128,609
    Mechanics Bank 601 I Street Los Banos, CA 93635 Full Service B&M $102,899
    Mechanics Bank 61 West Highway 246 Buellton, CA 93427 Full Service B&M $70,012
    Mechanics Bank 610 Newport Center Drive, Suite 100 Newport Beach, CA 92660 Full Service B&M $33,705
    Mechanics Bank 615 West Tefft Street Nipomo, CA 93444 Full Service B&M $148,247
    Mechanics Bank 618 West Main Street Visalia, CA 93291 Full Service B&M $43,307
    Mechanics Bank 63729 Hwy 96 Happy Camp, CA 96039 Full Service B&M $70,633
    Mechanics Bank 672 Pearson Raod Paradise, CA 95969 Full Service B&M $123,316
    Mechanics Bank 683 Parker Avenue Rodeo, CA 94572 Full Service B&M $48,760
    Mechanics Bank 695 Railroad Avenue Pittsburg, CA 94565 Full Service B&M $42,914
    Mechanics Bank 6950 El Camino Real Atascadero, CA 93422 Full Service B&M $156,833
    Mechanics Bank 700 Trancas Street Napa, CA 94558 Full Service B&M $134,993
    Mechanics Bank 72-885 Ramon Road Thousand Palms, CA 92276 Full Service B&M $30,819
    Mechanics Bank 720 North Broadway Santa Maria, CA 93454 Full Service B&M $30,181
    Mechanics Bank 721 Pleasant Grove Boulevard Ste 100 Roseville, CA 95678 Full Service B&M $59,800
    Mechanics Bank 731 E. Yosemite Ave Merced, CA 95340 Full Service B&M $56,317
    Mechanics Bank 75 Santa Rosa Street San Luis Obispo, CA 93405 Full Service B&M $112,292
    Mechanics Bank 755 Hearst Avenue Berkeley, CA 94710 Full Service B&M $62,739
    Mechanics Bank 77 Moraga Way Orinda, CA 94563 Full Service B&M $57,755
    Mechanics Bank 801 Price Street Pismo Beach, CA 93449 Full Service B&M $62,631
    Mechanics Bank 801 San Pablo Avenue Albany, CA 94706 Full Service B&M $169,425
    Mechanics Bank 805 1st Street Gilroy, CA 95020 Full Service B&M $48,429
    Mechanics Bank 81-790 Us Hwy 111 Indio, CA 92201 Full Service B&M $66,120
    Mechanics Bank 828 North H Street Lompoc, CA 93436 Full Service B&M $107,492
    Mechanics Bank 845 Spring Street Paso Robles, CA 93446 Full Service B&M $138,135
    Mechanics Bank 865 Oak Park Boulevard Pismo Beach, CA 93449 Full Service B&M $100,559
    Mechanics Bank 875 S Westlake Blvd., Suite 101 Westlake Village, CA 91361 Full Service B&M $31,556
    Mechanics Bank 899 Grand Avenue Grover Beach, CA 93433 Full Service B&M $104,838
    Mechanics Bank 90 E Thousand Oaks Blvd, 3rd Floor Thousand Oaks, CA 91360 Full Service Cyber Office $0
    Mechanics Bank 900 Truxton Ave. Ste 100 Bakersfield, CA 93301 Full Service B&M $60,051
    Mechanics Bank 904 4th Street San Rafael, CA 94901 Full Service B&M $62,054
    Mechanics Bank 905 Guadalupe Street Guadalupe, CA 93434 Full Service B&M $38,532
    Mechanics Bank 914 Carpinteria Street Santa Barbara, CA 93103 Full Service B&M $47,489
    Mechanics Bank 915 Highland Pointe Drive, Suite 350 Roseville, CA 95678 Full Service B&M $0
    Mechanics Bank 9300 Wilshire Blvd Suite 101, Suite 101 Beverly Hills, CA 90212 Full Service B&M $41,731
    Mechanics Bank 9333 Genesee Avenue, Suite 1100 San Diego, CA 92121 Full Service B&M $567
    Mechanics Bank 950 Highway 99w Corning, CA 96021 Full Service B&M $54,607
    Mechanics Bank 9996 San Pablo Avenue El Cerrito, CA 94530 Full Service B&M $236,341

    For 2020, Mechanics Bank had 147 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $611,358
    Net interest income $575,238
    Total noninterest income $70,748
    Gross Fiduciary activities income $9,846
    Service charges on deposit accounts $23,575
    Trading account gains and fees $296
    Additional Noninterest Income $37,031
    Pre-tax net operating income $101,703
    Securities gains (or losses, -) $324
    Income before extraordinary items $93,464
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $93,464
    Minority interest net income $0
    Net income $93,464
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $93,165

    Mechanics Bank's gross interest income from loans was $611,358,000.
    Mechanics Bank's net interest income from loans was $575,238,000.
    Mechanics Bank's fee based income from loans was $23,575,000.
    Mechanics Bank's net income from loans was $93,464,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $36,120
    Provision for credit losses $114,745
    Total noninterest expense $429,538
    Salaries and employee benefits $230,272
    Premises and equipment expense $70,867
    Additional noninterest expense $128,399
    Applicable income taxes $8,563
    Net charge-offs $22,812
    Cash dividends $0

    Mechanics Bank's interest expense for loans was $36,120,000.
    Mechanics Bank's payroll and benefits expense were $230,272,000.
    Mechanics Bank's property, plant and equipment expenses $70,867,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 1.0%

    Deposits

    Type Value (in 000's)
    Total deposits $16,346,608
    Deposits held in domestic offices $16,346,608
    Deposits by Individuals, partnerships, and corporations $15,575,809
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $767,076
    Deposits by Commercial banks and other depository institutions in U.S. $3,719
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,236,187
    Demand deposits $1,097,650
    Nontransaction accounts $15,110,421
    Money market deposit accounts (MMDAs) $12,473,136
    Other savings deposits (excluding MMDAs) $1,473,129
    Total time deposits $1,164,156
    Total time and savings deposits $15,248,958
    Noninterest-bearing deposits $7,497,473
    Interest-bearing deposits $8,849,135
    Retail deposits $15,890,141
    IRAs and Keogh plan accounts $191,779
    Brokered deposits $653,506
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $19,142,908
    Cash & Balances due from depository institutions $1,171,767
    Interest-bearing balances $761,155
    Total securities $5,394,605
    Federal funds sold & reverse repurchase $0
    Net loans and leases $10,994,363
    Loan and leases loss allowance $129,248
    Trading account assets $81,410
    Bank premises and fixed assets $204,189
    Other real estate owned $14,486
    Goodwill and other intangibles $959,080
    All other assets $323,008

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $19,142,908
    Total Liabilities $16,675,747
    Total deposits $16,346,608
    Interest-bearing deposits $8,849,135
    Deposits held in domestic offices $16,346,608
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $3,310
    Trading liabilities $71,282
    Other borrowed funds $0
    Subordinated debt $24,846
    All other liabilities $229,701

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $10,994,363
    Loan and leases loss allowance $129,248
    Total loans and leases (domestic) $11,123,611
    All real estate loans $6,567,600
    Real estate loans in domestic offices $6,567,600
    Construction and development loans $93,265
    Residential 1-4 family construction $10,630
    Other construction, all land development and other land $82,635
    Loans secured by nonfarm nonresidential properties $3,264,689
    Nonfarm nonresidential secured by owner-occupied properties $528,745
    Commercial real estate & other non-farm, non-residential $2,735,944
    Multifamily residential real estate $1,247,690
    1-4 family residential loans $1,931,191
    Farmland loans $30,765
    Loans held in foreign offices $0
    Farm loans $8,626
    Commercial and industrial loans $1,624,783
    To non-U.S. addressees $0
    Loans to individuals $2,856,792
    Credit card loans $0
    Related Plans $4,643
    Consumer Auto Loans $2,624,827
    Other loans to individuals $227,322
    All other loans & leases $65,810
    Loans to foreign governments and official institutions $0
    Other loans $45,613
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $126,818
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,443
    Non 1-4 family restructured loans & leases $797
    Total loans and leases (foreign) $0

    Mechanics Bank had $10,994,363,000 of loans outstanding in 2020. $6,567,600,000 of loans were in real estate loans. $93,265,000 of loans were in development loans. $1,247,690,000 of loans were in multifamily mortgage loans. $1,931,191,000 of loans were in 1-4 family mortgage loans. $8,626,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,624,827,000 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 672 $242,074 $360,229
    Nonfarm, nonresidential loans - <$100k 27 $1,137 $42,111
    Nonfarm, nonresidential loans - $100-250k 142 $19,239 $135,486
    Nonfarm, nonresidential loans - $250k-1MM 503 $221,698 $440,751
    Commercial & Industrial, US addressed loans - <$1MM 9,489 $900,514 $94,901
    Commercial & Industrial, US addressed loans - <$100k 6,702 $209,333 $31,234
    Commercial & Industrial, US addressed loans - $100-250k 1,655 $236,622 $142,974
    Commercial & Industrial, US addressed loans - $250k-1MM 1,132 $454,559 $401,554
    Farmland loans - <$1MM 55 $7,507 $136,491
    Farmland loans - <$100k 6 $274 $45,667
    Farmland loans - $100-250k 24 $2,325 $96,875
    Farmland loans - $250k-1MM 25 $4,908 $196,320
    Agriculture operations loans - <$1MM 68 $5,294 $77,853
    Agriculture operations loans - <$100k 35 $1,210 $34,571
    Agriculture operations loans - $100-250k 20 $1,465 $73,250
    Agriculture operations loans - $250k-1MM 13 $2,619 $201,462