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 small bank specializing in Refi loans. Mechanics Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Salinas, San Diego, and Riverside among others. We have data for 38 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% 4/28/24
    30 Year Conventional Purchase 5.74% 4/28/24
    30 Year Conventional Refi 5.85% 4/28/24
    30 Year Cash-out Refi 6.06% 4/28/24
    15 Year Conventional Purchase 5.27% 4/28/24
    15 Year Conventional Refi 5.43% 4/28/24
    15 Year Cash-out Refi 5.43% 4/28/24
    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

    717

    Origination Dollar Volume (All Markets)

    $1,048,225,000

    Employee count

    1,764 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 107 $337,395,000 $3,153,224 $5,814 3.09%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 141 $142,675,000 $1,011,879 $3,383 2.72%
    SALINAS, CA (FHA|USDA|VA) 82 $64,880,000 $791,220 $4,130 3.06%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 26 $61,940,000 $2,382,308 $5,350 3.22%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 24 $61,840,000 $2,576,667 $5,251 3.05%
    CHICO, CA (FHA|USDA|VA) 9 $50,535,000 $5,615,000 $3,618 3.18%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 64 $43,770,000 $683,906 $3,926 2.91%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 19 $34,855,000 $1,834,474 $3,325 3.01%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 64 $32,120,000 $501,875 $3,387 3.15%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 17 $29,335,000 $1,725,588 $3,568 3.10%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 38 $28,820,000 $758,421 $3,306 3.15%
    VALLEJO, CA (FHA|USDA|VA) 12 $23,530,000 $1,960,833 $2,962 3.45%
    NAPA, CA (FHA|USDA|VA) 17 $16,775,000 $986,765 $3,865 2.91%
    STOCKTON, CA (FHA|USDA|VA) 7 $15,485,000 $2,212,143 $3,947 3.20%
    YUBA CITY, CA (FHA|USDA|VA) 7 $13,895,000 $1,985,000 $4,582 3.33%
    BAKERSFIELD, CA (FHA|USDA|VA) 10 $10,210,000 $1,021,000 $3,680 2.86%
    MERCED, CA (FHA|USDA|VA) 7 $10,115,000 $1,445,000 $3,332 3.03%
    EL CENTRO, CA (FHA|USDA|VA) 8 $6,920,000 $865,000 $3,767 3.20%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $6,855,000 $6,855,000 $0 3.25%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $6,505,000 $6,505,000 $0 3.35%
    Fernley, NV (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 3.35%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $5,685,000 $631,667 $3,531 3.01%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $5,040,000 $630,000 $3,747 3.00%
    MODESTO, CA (FHA|USDA|VA) 5 $4,515,000 $903,000 $3,926 3.27%
    RENO, NV (FHA|USDA|VA) 2 $4,410,000 $2,205,000 $0 3.55%
    Clearlake, CA (FHA|USDA|VA) 2 $3,510,000 $1,755,000 $0 3.53%
    REDDING, CA (FHA|USDA|VA) 4 $2,730,000 $682,500 $3,020 2.94%
    MEDFORD, OR (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 3.75%
    Outside of Metro Areas 7 $2,395,000 $342,143 $3,447 2.96%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $2,235,000 $745,000 $0 3.34%
    Ukiah, CA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.60%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.45%
    FRESNO, CA (FHA|USDA|VA) 4 $2,000,000 $500,000 $3,116 2.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 3.45%
    VISALIA, CA (FHA|USDA|VA) 4 $1,320,000 $330,000 $3,155 2.69%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.35%
    MADERA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $4,076 2.88%
    Red Bluff, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,355 3.00%
    Mechanics Bank's top markets include Los Angeles, San Francisco, Salinas, San Diego, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (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: 63
    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    Chaffey Federal Credit Union
    Similarity Rank: 966
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 1358
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 717 $1,048,225,000 $1,461,960 $3,776 3.01%

    For 2021, Mechanics Bank's most frequently originated type of loan was Conventional, with 717 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 464 $759,200,000 $1,636,207 $3,327 3.06%
    Cash Out Refi 117 $80,505,000 $688,077 $3,720 3.21%
    Home Purchase 111 $190,345,000 $1,714,820 $6,503 2.59%
    Other 18 $15,070,000 $837,222 $3,634 3.09%
    Home Improvement 7 $3,105,000 $443,571 $3,094 3.09%

    For 2021, Mechanics Bank's most frequently cited loan purpose was Refi, with 464 originations. The 2nd most popular reason was Cash Out Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 425 $408,505,000 $961,188 $3,848 3.13%
    15 Year 264 $612,960,000 $2,321,818 $3,488 3.05%
    5 Year 21 $525,000 $25,000 $0 0.00%
    Other 5 $25,385,000 $5,077,000 $0 3.31%
    10 Year 2 $850,000 $425,000 $0 4.18%

    For 2021, Mechanics Bank's most frequently cited loan duration was 30 Year, with 425 originations. The 2nd most popular length was 15 Year, with 264 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 368 $261,860,000 $711,576
    $1k-2k 10 $13,640,000 $1,364,000
    $2k-3k 3 $1,225,000 $408,333
    $3k-4k 2 $950,000 $475,000
    $5k+ 1 $1,075,000 $1,075,000

    Mechanics Bank's average total fees were $3,848, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 368 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 396 $818,440,000 $2,066,768
    2.5-3% 237 $181,525,000 $765,928
    <2.5% 79 $46,445,000 $587,911
    4-5% 5 $1,815,000 $363,000

    During 2021, Mechanics Bank's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 396 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 261 $834,805,000 $3,198,487 $5,571 3.21%
    $200k-400k 165 $51,025,000 $309,242 $3,086 3.08%
    $600k-1MM 138 $104,490,000 $757,174 $3,780 2.97%
    $400k-600k 109 $53,775,000 $493,349 $3,398 3.09%
    $100,000 or less 22 $610,000 $27,727 $2,535 0.13%
    $100k-200k 22 $3,520,000 $160,000 $2,927 2.91%

    2021 saw Mechanics Bank place emphasis on $1MM+ loans with 261 originations, totaling $834,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 207 $190,205,000 $918,865 $4,328 2.92%
    $150k-250k 130 $78,430,000 $603,308 $3,644 3.01%
    $100k-150k 92 $37,960,000 $412,609 $3,428 3.06%
    $75k-100k 43 $11,055,000 $257,093 $3,091 2.22%
    $50k-75k 40 $10,640,000 $266,000 $3,073 2.52%
    $50k or less 6 $2,090,000 $348,333 $2,945 3.42%

    Mechanics Bank lent most frequently to those with incomes in the $250k+ range, with 207 originations. The second most popular income band? $150k-250k, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 125 $79,555,000 $636,440 $3,532 2.94%
    <20% 102 $61,010,000 $598,137 $3,641 2.91%
    30-36% 73 $40,265,000 $551,575 $3,458 3.00%
    42% 48 $34,570,000 $720,208 $4,195 3.07%
    39% 30 $21,510,000 $717,000 $3,818 3.11%
    41% 26 $13,680,000 $526,154 $3,521 3.15%
    37% 25 $18,095,000 $723,800 $3,979 3.04%
    40% 22 $13,920,000 $632,727 $3,750 3.03%
    38% 21 $22,545,000 $1,073,571 $4,810 3.16%
    44% 8 $10,130,000 $1,266,250 $4,334 3.20%
    36% 8 $6,770,000 $846,250 $6,080 2.94%
    43% 3 $775,000 $258,333 $2,780 3.79%
    50-60% 2 $3,120,000 $1,560,000 $3,480 3.13%
    45% 1 $2,005,000 $2,005,000 $4,625 3.00%
    46% 1 $1,005,000 $1,005,000 $0 2.75%
    47% 1 $395,000 $395,000 $0 3.75%
    49% 1 $505,000 $505,000 $4,075 3.50%

    Mechanics Bank lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? <20%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 156 $595,890,000 $3,819,808 $0 3.34%
    White 375 $259,765,000 $692,707 $3,690 2.95%
    Not provided 124 $144,290,000 $1,163,629 $4,187 2.99%
    Asian 41 $32,155,000 $784,268 $3,667 2.55%
    Asian Indian 3 $5,445,000 $1,815,000 $4,900 3.33%
    Other Asian 2 $4,770,000 $2,385,000 $9,971 2.66%
    Black 10 $3,270,000 $327,000 $3,126 2.55%
    American Indian 6 $2,640,000 $440,000 $3,031 2.60%

    Approval Rates

    Total approvals of all applications
    94.58%

    Mechanics Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.40%

    Mechanics Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 717 $1,048,225,000 $1,461,960

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    717 $1,048,225,000 $1,461,960

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 178 $124,870,000 $701,517 $3,296 2.95%
    40-60% 280 $394,640,000 $1,409,429 $3,651 3.12%
    60-80% 212 $510,790,000 $2,409,387 $4,521 3.22%
    80-100% 7 $4,915,000 $702,143 $5,439 3.21%
    Under 20% 19 $12,485,000 $657,105 $3,657 2.85%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MECHANICS BANK Conventional home mortgage Closing on a mortgage 1 50.0%
    MECHANICS BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mechanics Bank 10 Maple Street Sonoma, CA 95476 Full Service B&M $38,967
    Mechanics Bank 1001 Los Osos Valley Road Los Osos, CA 93402 Full Service B&M $99,505
    Mechanics Bank 1003 I Street Reedley, CA 93654 Full Service B&M $122,665
    Mechanics Bank 1015 Adams Street Saint Helena, CA 94574 Full Service B&M $67,207
    Mechanics Bank 1025 Las Tablas Road Templeton, CA 93465 Full Service B&M $75,872
    Mechanics Bank 1026 Grand Avenue Arroyo Grande, CA 93420 Full Service B&M $237,991
    Mechanics Bank 10601 Merritt Street Castroville, CA 95012 Full Service B&M $96,238
    Mechanics Bank 107 North Ocean Avenue Cayucos, CA 93430 Full Service B&M $53,061
    Mechanics Bank 1070 Main Street Cambria, CA 93428 Full Service B&M $98,416
    Mechanics Bank 1110 East Clark Avenue Orcutt, CA 93455 Full Service B&M $157,774
    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 $76,711
    Mechanics Bank 1171 South Victoria Avenue, Ste 2-A Ventura, CA 93003 Full Service B&M $78,735
    Mechanics Bank 11906 Main Street Fort Jones, CA 96032 Full Service B&M $26,710
    Mechanics Bank 1207 Maricopa Road Ojai, CA 93023 Full Service B&M $100,639
    Mechanics Bank 1285 North Davis Road Salinas, CA 93907 Full Service B&M $74,671
    Mechanics Bank 130 East Tulare Street Dinuba, CA 93618 Full Service B&M $49,279
    Mechanics Bank 1305 Main Street, Suite B Newman, CA 95360 Full Service B&M $41,385
    Mechanics Bank 1350 North Main Street Walnut Creek, CA 94596 Full Service B&M $1,101,913
    Mechanics Bank 1407 I Street Modesto, CA 95354 Full Service B&M $55,351
    Mechanics Bank 142 Morgan Way Mount Shasta, CA 96067 Full Service B&M $94,875
    Mechanics Bank 1448 Main Street El Centro, CA 92243 Full Service B&M $283,704
    Mechanics Bank 146 W Los Angeles Ave Moorpark, CA 93021 Full Service B&M $39,913
    Mechanics Bank 149 E Hobsonway Blythe, CA 92225 Full Service B&M $78,220
    Mechanics Bank 1491 South Sixth Street Coachella, CA 92236 Full Service B&M $62,204
    Mechanics Bank 1554 South Broadway Santa Maria, CA 93454 Full Service B&M $277,822
    Mechanics Bank 156 W 5th St Oxnard, CA 93030 Full Service B&M $134,141
    Mechanics Bank 1571 Mission Drive Solvang, CA 93463 Full Service B&M $65,032
    Mechanics Bank 1600 Butte House Road Yuba City, CA 95993 Full Service B&M $92,178
    Mechanics Bank 1658 Fremont Blvd Seaside, CA 93955 Full Service B&M $161,835
    Mechanics Bank 1801 Solano Avenue Berkeley, CA 94707 Full Service B&M $165,695
    Mechanics Bank 185 Hartnell Avenue Redding, CA 96002 Full Service B&M $34,399
    Mechanics Bank 18543 Main Street Groveland, CA 95321 Full Service B&M $33,107
    Mechanics Bank 1861 Bellevue Road Atwater, CA 95301 Full Service B&M $52,246
    Mechanics Bank 1889 March Lane Stockton, CA 95207 Full Service B&M $45,381
    Mechanics Bank 190 Main Street Brawley, CA 92227 Full Service B&M $222,823
    Mechanics Bank 1915 Main Street Watsonville, CA 95076 Full Service B&M $87,363
    Mechanics Bank 1999 Harrison Street, Suite 100 Oakland, CA 94612 Full Service B&M $140,101
    Mechanics Bank 20 San Pablo Towne Center San Pablo, CA 94806 Full Service B&M $91,581
    Mechanics Bank 2000 M Street Merced, CA 95340 Full Service B&M $73,257
    Mechanics Bank 2005 East Prosperity Avenue Tulare, CA 93274 Full Service B&M $81,958
    Mechanics Bank 201 Third Street Santa Rosa, CA 95404 Full Service B&M $21,922
    Mechanics Bank 2041 Forest Ave Chico, CA 95928 Full Service B&M $110,348
    Mechanics Bank 2149 H. Delarosa, Sr. Street Soledad, CA 93960 Full Service B&M $69,171
    Mechanics Bank 218 North Douty Hanford, CA 93230 Full Service B&M $129,667
    Mechanics Bank 2190 West Monte Vista Avenue Turlock, CA 95382 Full Service B&M $46,559
    Mechanics Bank 2222 Bath Street Santa Barbara, CA 93105 Full Service B&M $60,631
    Mechanics Bank 2227 Myers Street Oroville, CA 95966 Full Service B&M $139,439
    Mechanics Bank 2276 Broad Street San Luis Obispo, CA 93401 Full Service B&M $169,963
    Mechanics Bank 2301 Shattuck Avenue Berkeley, CA 94704 Full Service B&M $273,081
    Mechanics Bank 237 W. East Avenue Chico, CA 95926 Full Service B&M $79,191
    Mechanics Bank 251 Harbor Street Morro Bay, CA 93442 Full Service B&M $108,200
    Mechanics Bank 2690 Pinole Valley Road Pinole, CA 94564 Full Service B&M $192,657
    Mechanics Bank 2700 Mt Vernon Ave Bakersfield, CA 93306 Full Service B&M $46,833
    Mechanics Bank 279 Arlington Avenue Kensington, CA 94707 Full Service B&M $139,876
    Mechanics Bank 300 South Mills Road Ventura, CA 93003 Full Service B&M $114,331
    Mechanics Bank 304 East Main Street Ventura, CA 93001 Full Service B&M $81,499
    Mechanics Bank 307 South Main St Salinas, CA 93901 Full Service B&M $694,046
    Mechanics Bank 3110 A Mission Drive Santa Cruz, CA 95065 Full Service B&M $44,209
    Mechanics Bank 3190 Klose Way Richmond, CA 94806 Full Service B&M $577,618
    Mechanics Bank 343 Sansome Street Suite 100 San Francisco, CA 94104 Full Service B&M $104,374
    Mechanics Bank 3443 South Mooney Blvd Visalia, CA 93277 Full Service B&M $134,927
    Mechanics Bank 345 Railroad Avenue Danville, CA 94526 Full Service Retail $51,534
    Mechanics Bank 3600 Sagunto Street Santa Ynez, CA 93460 Full Service B&M $96,126
    Mechanics Bank 3640 Mt Diablo Blvd Lafayette, CA 94549 Full Service B&M $96,838
    Mechanics Bank 3757 State Street Santa Barbara, CA 93105 Full Service B&M $61,708
    Mechanics Bank 3800 Riverlakes Dr, Bakersfield, CA 93312 Full Service B&M $116,144
    Mechanics Bank 3815 E Thousand Oaks Blvd, Ste A Westlake Village, CA 91362 Full Service B&M $241,156
    Mechanics Bank 3884 San Pablo Dam Road El Sobrante, CA 94803 Full Service B&M $103,965
    Mechanics Bank 3990 Gosford Road Bakersfield, CA 93309 Full Service B&M $71,565
    Mechanics Bank 4 West Richmond Avenue Point Richmond, CA 94801 Full Service B&M $115,236
    Mechanics Bank 400 Alta Street Gonzales, CA 93926 Full Service B&M $128,363
    Mechanics Bank 41-990 Cook St, Bldg H, Suite 701 Palm Desert, CA 92260 Full Service B&M $99,744
    Mechanics Bank 410 North Ventura Avenue Oak View, CA 93022 Full Service B&M $52,142
    Mechanics Bank 4100 Macdonald Avenue Richmond, CA 94805 Full Service B&M $114,028
    Mechanics Bank 424 Main Street Etna, CA 96027 Full Service B&M $26,227
    Mechanics Bank 4354 Town Center Blvd El Dorado Hills, CA 95762 Full Service B&M $54,325
    Mechanics Bank 439 Alvarado Street Monterey, CA 93940 Full Service B&M $86,698
    Mechanics Bank 45 River Park Place West Fresno, CA 93720 Full Service B&M $87,964
    Mechanics Bank 470 Arneill Road Camarillo, CA 93010 Full Service B&M $204,586
    Mechanics Bank 491 Tres Pinos Road Hollister, CA 95023 Full Service B&M $128,535
    Mechanics Bank 500 Luther Road Red Bluff, CA 96080 Full Service B&M $35,408
    Mechanics Bank 500 South Palm Canyon Drive, Suite 115 Palm Springs, CA 92264 Full Service B&M $40,027
    Mechanics Bank 501 S. Main Street Angels Camp, CA 95222 Full Service B&M $51,751
    Mechanics Bank 501 West Kettleman Lane Lodi, CA 95240 Full Service B&M $22,704
    Mechanics Bank 502 Holt Avenue Holtville, CA 92250 Full Service B&M $65,414
    Mechanics Bank 51-290 Avenida Bermudas La Quinta, CA 92253 Full Service B&M $45,871
    Mechanics Bank 515 South Broadway Yreka, CA 96097 Full Service B&M $70,316
    Mechanics Bank 5151 Stockdale Highway Bakersfield, CA 93309 Full Service B&M $148,019
    Mechanics Bank 519 East Main Street Santa Maria, CA 93454 Full Service B&M $112,224
    Mechanics Bank 532 Broadway Street King City, CA 93930 Full Service B&M $94,253
    Mechanics Bank 561 Lighthouse Avenue Pacific Grove, CA 93950 Full Service B&M $53,648
    Mechanics Bank 5956 Calle Real Goleta, CA 93117 Full Service B&M $121,433
    Mechanics Bank 601 I Street Los Banos, CA 93635 Full Service B&M $116,955
    Mechanics Bank 61 West Highway 246 Buellton, CA 93427 Full Service B&M $74,704
    Mechanics Bank 610 Newport Center Drive, Suite 100 Newport Beach, CA 92660 Full Service B&M $1,470,847
    Mechanics Bank 615 West Tefft Street Nipomo, CA 93444 Full Service B&M $156,474
    Mechanics Bank 63729 Hwy 96 Happy Camp, CA 96039 Full Service B&M $97,409
    Mechanics Bank 672 Pearson Raod Paradise, CA 95969 Full Service B&M $127,030
    Mechanics Bank 683 Parker Avenue Rodeo, CA 94572 Full Service B&M $60,874
    Mechanics Bank 695 Railroad Avenue Pittsburg, CA 94565 Full Service B&M $49,399
    Mechanics Bank 6950 El Camino Real Atascadero, CA 93422 Full Service B&M $165,225
    Mechanics Bank 700 Trancas Street Napa, CA 94558 Full Service B&M $248,196
    Mechanics Bank 721 Pleasant Grove Boulevard Ste 100 Roseville, CA 95678 Full Service B&M $515,049
    Mechanics Bank 731 E. Yosemite Ave Merced, CA 95340 Full Service B&M $90,167
    Mechanics Bank 75 Santa Rosa Street San Luis Obispo, CA 93405 Full Service B&M $115,276
    Mechanics Bank 755 Hearst Avenue Berkeley, CA 94710 Full Service B&M $66,582
    Mechanics Bank 77 Moraga Way Orinda, CA 94563 Full Service B&M $93,017
    Mechanics Bank 801 Price Street Pismo Beach, CA 93449 Full Service B&M $65,390
    Mechanics Bank 801 San Pablo Avenue Albany, CA 94706 Full Service B&M $191,672
    Mechanics Bank 805 1st Street Gilroy, CA 95020 Full Service B&M $52,982
    Mechanics Bank 81-790 Us Hwy 111 Indio, CA 92201 Full Service B&M $67,862
    Mechanics Bank 828 North H Street Lompoc, CA 93436 Full Service B&M $124,552
    Mechanics Bank 845 Spring Street Paso Robles, CA 93446 Full Service B&M $143,515
    Mechanics Bank 865 Oak Park Boulevard Pismo Beach, CA 93449 Full Service B&M $109,066
    Mechanics Bank 899 Grand Avenue Grover Beach, CA 93433 Full Service B&M $114,341
    Mechanics Bank 900 Truxton Ave. Ste 100 Bakersfield, CA 93301 Full Service B&M $60,223
    Mechanics Bank 904 4th Street San Rafael, CA 94901 Full Service B&M $47,094
    Mechanics Bank 905 Guadalupe Street Guadalupe, CA 93434 Full Service B&M $42,237
    Mechanics Bank 914 Carpinteria Street Santa Barbara, CA 93103 Full Service B&M $52,032
    Mechanics Bank 9300 Wilshire Blvd Suite 101, Suite 101 Beverly Hills, CA 90212 Full Service B&M $20,464
    Mechanics Bank 9333 Genesee Avenue, Suite 1100 San Diego, CA 92121 Full Service B&M $2,729
    Mechanics Bank 950 Highway 99w Corning, CA 96021 Full Service B&M $58,514
    Mechanics Bank 9996 San Pablo Avenue El Cerrito, CA 94530 Full Service B&M $270,046

    For 2021, Mechanics Bank had 124 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $632,074
    Net interest income $621,157
    Total noninterest income $71,160
    Gross Fiduciary activities income $10,301
    Service charges on deposit accounts $23,564
    Trading account gains and fees $350
    Additional Noninterest Income $36,945
    Pre-tax net operating income $285,297
    Securities gains (or losses, -) $651
    Income before extraordinary items $206,013
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $206,013
    Minority interest net income $0
    Net income $206,013
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $205,498

    Mechanics Bank's gross interest income from loans was $632,074,000.
    Mechanics Bank's net interest income from loans was $621,157,000.
    Mechanics Bank's fee based income from loans was $23,564,000.
    Mechanics Bank's net income from loans was $206,013,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,917
    Provision for credit losses $21,221
    Total noninterest expense $385,799
    Salaries and employee benefits $222,510
    Premises and equipment expense $61,983
    Additional noninterest expense $101,306
    Applicable income taxes $79,935
    Net charge-offs $14,635
    Cash dividends $216,993

    Mechanics Bank's interest expense for loans was $10,917,000.
    Mechanics Bank's payroll and benefits expense were $222,510,000.
    Mechanics Bank's property, plant and equipment expenses $61,983,000.

    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 3.0%
    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 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $16,766,624
    Deposits held in domestic offices $16,766,624
    Deposits by Individuals, partnerships, and corporations $15,813,776
    Deposits by U.S. Government $19
    Deposits by States and political subdivisions in the U.S. $947,630
    Deposits by Commercial banks and other depository institutions in U.S. $5,199
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,194,619
    Demand deposits $1,114,612
    Nontransaction accounts $15,572,005
    Money market deposit accounts (MMDAs) $12,902,962
    Other savings deposits (excluding MMDAs) $1,765,228
    Total time deposits $903,815
    Total time and savings deposits $15,652,012
    Noninterest-bearing deposits $8,182,587
    Interest-bearing deposits $8,584,037
    Retail deposits $16,516,552
    IRAs and Keogh plan accounts $175,601
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $19,422,861
    Cash & Balances due from depository institutions $1,001,298
    Interest-bearing balances $763,972
    Total securities $6,073,275
    Federal funds sold & reverse repurchase $0
    Net loans and leases $10,870,450
    Loan and leases loss allowance $135,834
    Trading account assets $36,249
    Bank premises and fixed assets $166,284
    Other real estate owned $431
    Goodwill and other intangibles $934,080
    All other assets $340,794

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $19,422,861
    Total Liabilities $17,035,084
    Total deposits $16,766,624
    Interest-bearing deposits $8,584,037
    Deposits held in domestic offices $16,766,624
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $29,305
    Other borrowed funds $0
    Subordinated debt $24,886
    All other liabilities $214,269

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $10,870,450
    Loan and leases loss allowance $135,834
    Total loans and leases (domestic) $11,006,284
    All real estate loans $6,559,699
    Real estate loans in domestic offices $6,559,699
    Construction and development loans $65,386
    Residential 1-4 family construction $172
    Other construction, all land development and other land $65,214
    Loans secured by nonfarm nonresidential properties $2,674,665
    Nonfarm nonresidential secured by owner-occupied properties $464,190
    Commercial real estate & other non-farm, non-residential $2,210,475
    Multifamily residential real estate $1,783,289
    1-4 family residential loans $2,019,717
    Farmland loans $16,642
    Loans held in foreign offices $0
    Farm loans $4,311
    Commercial and industrial loans $597,008
    To non-U.S. addressees $0
    Loans to individuals $3,783,157
    Credit card loans $0
    Related Plans $3,438
    Consumer Auto Loans $3,540,071
    Other loans to individuals $239,648
    All other loans & leases $62,109
    Loans to foreign governments and official institutions $0
    Other loans $44,527
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $133,422
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $209
    Non 1-4 family restructured loans & leases $201
    Total loans and leases (foreign) $0

    Mechanics Bank had $10,870,450,000 of loans outstanding in 2021. $6,559,699,000 of loans were in real estate loans. $65,386,000 of loans were in development loans. $1,783,289,000 of loans were in multifamily mortgage loans. $2,019,717,000 of loans were in 1-4 family mortgage loans. $4,311,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,540,071,000 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 545 $189,109 $346,989
    Nonfarm, nonresidential loans - <$100k 17 $689 $40,529
    Nonfarm, nonresidential loans - $100-250k 118 $14,951 $126,703
    Nonfarm, nonresidential loans - $250k-1MM 410 $173,469 $423,095
    Commercial & Industrial, US addressed loans - <$1MM 1,886 $139,420 $73,924
    Commercial & Industrial, US addressed loans - <$100k 1,215 $23,639 $19,456
    Commercial & Industrial, US addressed loans - $100-250k 332 $30,703 $92,479
    Commercial & Industrial, US addressed loans - $250k-1MM 339 $85,078 $250,968
    Farmland loans - <$1MM 44 $5,426 $123,318
    Farmland loans - <$100k 5 $237 $47,400
    Farmland loans - $100-250k 18 $1,550 $86,111
    Farmland loans - $250k-1MM 21 $3,639 $173,286
    Agriculture operations loans - <$1MM 56 $3,426 $61,179
    Agriculture operations loans - <$100k 32 $939 $29,344
    Agriculture operations loans - $100-250k 15 $1,026 $68,400
    Agriculture operations loans - $250k-1MM 9 $1,461 $162,333