Mechanics Bank in city_name, state_name - Detailed Financial Reports, Location

Mechanics Bank in Richmond, California (CA)
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Mechanics Bank routing number info

Mechanics Bank - Overview

General
FDIC Certificate #: 1768
Status: Active
Federal Reserve ID: 936462
Date Established: January 01, 1905
WWW: http://www.mechanicsbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 31 (Domestic: 31, Interstate: No)
OTS Docket #: 12587
FDIC's unique #: 1171
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 24, 2011
Last Structure Change Process Date: March 24, 2011
Last Data Update: March 24, 2011
Data Source Date: April 05, 2012
Location
Address: 3170 Hilltop Mall Road, Richmond, CA 94806
County: Contra Costa
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: San Francisco
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Oakland, CA (#5775)
Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
History of Changes
Name Change
Financial Summary
Total assets: $2,991.7 mil
Equity capital: $294.3 mil
Deposits held in domestic offices: $2,573.6 mil
Return on assets (ROA): 0.59% ($17.7 mil)
Quarterly return on assets: 0.91% ($27.2 mil)
Return on Equity (ROE): 5.90% ($17.3 mil)
Quarterly return on equity: 9.07% ($26.7 mil)
Net income: $17.2 mil
Quarterly Net income: $6.7 mil
Pretax return on assets: 0.70% ($20,941.6 mil)
Quarterly Pretax return on assets: 1.31% ($39,190.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
605Total employees (full-time equivalent)
$2,991,658Total assets
$113,058Cash and due from depository institutions
$66,292Interest-bearing balances
$1,054,294Securities
$0Federal funds sold & reverse repurchase agreements
$1,653,062Net loans & leases
$34,894Loan loss allowance
$0Trading account assets
$46,709Bank premises and fixed assets
$5,459Other real estate owned
$0Goodwill and other intangibles
$2,991,658Life insurance assets
$119,076All other assets
$2,697,388Total liabilities and capital
$2,573,631Total liabilities
$1,735,491Total deposits
$2,573,631Interest-bearing deposits
$79Deposits held in domestic offices
40732.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,390Trading liabilities
$0Other borrowed funds
$81,635Subordinated debt
$294,270All other liabilities
$294,270Total equity capital
$294,270Total bank equity capital
$0Perpetual preferred stock
$969Common stock
$13,250Surplus
$280,051Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$72,958Income earned, not collected on loans
$0Earning assets
$10,914Long-term assets (5+ years)
$2,773,648Average Assets, year-to-date
$1,103,651Average Assets, quarterly
$2,907,145Volatile liabilities
$2,962,041Insider loans
$2,019,355FHLB advances
$2,929,826Loans and leases held for sale
$39,932Unused loan commitments
$32,739Tier 1 (core) risk-based capital
$301,415Tier 2 risk-based capital
$7,193Total risk weighted assets
$0Total unused commitments
$372,008Restructured Loans and leases
$250Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$121,771Total interest income
$8,538Total interest expense
$113,233Net interest income
$21,894Provision for loan and lease losses
$24,259Total noninterest income
$7,518Fiduciary activities
$7,062Service charges on deposit accounts
-$129Trading account gains & fees
$9,808Additional noninterest income
$106,168Total noninterest expense
$59,986Salaries and employee benefits
$19,031Premises and equipment expense
$27,151Additional noninterest expense
$9,430Pre-tax net operating income
$10,795Securities gains (losses)
$2,999Applicable income taxes
$17,226Income before extraordinary items
$0Extraordinary gains - net
$17,226Net income attributable to bank
$0Net charge-offs
$17,226Cash dividends
$22,239Sale, conversion, retirement of capital stock, net
$8,527Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.51%Yield on earning assets
0.32%Cost of funding earning assets
4.20%Net interest margin
0.90%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
0.28%Net operating income to assets
0.59%Return on assets (ROA)
0.70%Pretax return on assets
5.90%Return on equity (ROE)
2.98%Retained earnings to average equity (YTD only)
1.28%Net charge-offs to loans
98.45%Credit loss provision to net charge-offs
1.41%Efficiency ratio
77,218Assets per employee
4.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.50%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
47.83%Noncurrent assets plus other real estate owned to assets
2.62%Noncurrent loans to loans
4.32%Net loans and leases to deposits
64.23%Net loans and leases to core deposits
69.48%Equity capital to assets
9.84%Core capital (leverage) ratio
10.29%Tier 1 risk-based capital ratio
14.93%Total risk-based capital ratio
Memoranda
$16Average assets
$2,907,145Average earning assets
$291,837Average equity
$2,698,326Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,250,330Managed Assets
1Number of Accounts
$1,061,226Personal trust and agency accounts
$383,471Employee benefit-defined contribution accounts
$4,200Employee benefit-defined benefit accounts
$39,573Other retirement accounts
$82,212Corporate trust and agency accounts
$0Investment management agency accounts
$536,218Other fiduciary accounts
$15,552Fiduciary accounts held in foreign offices
$0Non-managed Assets
1140Number of Accounts
$0Personal trust and agency accounts
$82,212Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$189,104Other retirement accounts
$1,040Corporate trust and agency accounts
$158,191Other fiduciary accounts
$7,745Fiduciary accounts held in foreign offices

List of branches

31 California Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1171	Mechanics Bank	3170 Hilltop Mall Road, Richmond, CA 94806	January 01, 1905	Full Service Brick and Mortar
1	190095	Albany Branch	801 San Pablo Avenue, Albany, CA 94706	January 01, 1935	Full Service Brick and Mortar
2	190096	El Cerrito Branch	9996 San Pablo Avenue, El Cerrito, CA 94530	April 04, 1927	Full Service Brick and Mortar
4	190098	El Sobrante Branch	3884 San Pablo Dam Road, El Sobrante, CA 94803	May 02, 1955	Full Service Brick and Mortar
5	190099	Pinole Branch	2690 Pinole Valley Road, Pinole, CA 94564	January 03, 1966	Full Service Brick and Mortar
7	190101	Mira Vista Branch	4100 Macdonald Avenue, Richmond, CA 94805	December 03, 1964	Full Service Brick and Mortar
8	190102	San Pablo Branch	20 San Pablo Towne Center, San Pablo, CA 94806	April 27, 1961	Full Service Brick and Mortar
10	190104	Pinole Vista Branch	1518 Fitzgerald Drive, Pinole, CA 94564	December 03, 1984	Full Service Brick and Mortar
11	190105	Rodeo Branch	683 Parker Avenue, Rodeo, CA 94572	July 10, 1985	Full Service Brick and Mortar
13	190107	Point Richmond Office	4 West Richmond Avenue, Point Richmond, CA 94801	June 18, 1990	Full Service Brick and Mortar
15	190109	Walnut Creek Office	1350 North Main Street, Walnut Creek, CA 94596	Febuary 03, 1992	Full Service Brick and Mortar
16	267875	Kensington Branch	279 Arlington Avenue, Kensington, CA 94707	January 01, 1896	Full Service Brick and Mortar
19	190112	St Helena Office	1015 Adams Street, Saint Helena, CA 94574	January 31, 1996	Full Service Brick and Mortar
20	190113	Moraga Branch	1355 Moraga Way, Moraga, CA 94556	April 15, 1996	Full Service Retail
21	190114	Berkeley Office	2301 Shattuck Avenue, Berkeley, CA 94704	Febuary 03, 1997	Full Service Brick and Mortar
22	190115	San Rafael Office	904 4th Street, San Rafael, CA 94901	August 25, 1997	Full Service Brick and Mortar
23	190116	Lunardi's Office	1600 Palos Verdes Mall, Walnut Creek, CA 94596	July 06, 1998	Full Service Brick and Mortar
25	190118	West Berkeley Office	755 Hearst Avenue, Berkeley, CA 94710	April 14, 1999	Full Service Brick and Mortar
26	190119	North Berkeley Branch	1801 Solano Avenue, Berkeley, CA 94707	July 06, 1999	Full Service Brick and Mortar
27	190120	Napa Branch	433 Soscol Avenue, Suite B-161, Napa, CA 94559	October 12, 1999	Full Service Brick and Mortar
28	294990	Danville Branch	345 Railroad Avenue, Danville, CA 94526	Febuary 22, 2000	Full Service Brick and Mortar
32	363535	San Francisco Branch	343 Sansome Street Suite 100, San Francisco, CA 94104	April 29, 2002	Full Service Brick and Mortar
33	419034	Oakland Branch	1999 Harrison Street, Suite 100, Oakland, CA 94612	June 02, 2003	Full Service Brick and Mortar
34	420133	Orinda Branch	77 Moraga Way, Orinda, CA 94563	July 09, 2003	Full Service Brick and Mortar
36	430798	El Dorado Hills Branch	4354 Town Center Blvd, El Dorado Hills, CA 95762	June 28, 2004	Full Service Brick and Mortar
37	440374	Elk Grove Retail Office	8235 Laguna Boulevard, Suite 100, Elk Grove, CA 95758	May 16, 2005	Full Service Brick and Mortar
38	445202	Concord Branch	1170 Concord Avenue Ste 160, Concord, CA 94520	September 20, 2005	Full Service Brick and Mortar
39	446843	Sacramento Retail Office	1751 Howe Avenue, Sacramento, CA 95825	January 17, 2006	Full Service Brick and Mortar
40	450816	Pittsburg Branch	695 Railroad Avenue, Pittsburg, CA 94565	April 10, 2006	Full Service Brick and Mortar
42	492776	Lafayette Branch	3640 Mt Diablo Blvd, Lafayette, CA 94549	July 18, 2008	Full Service Retail
43	518665	North Roseville Retail Branch Office	721 Pleasant Grove Boulevard Ste 100, Roseville, CA 95678	March 14, 2011	Full Service Brick and Mortar

Mechanics Bank in Richmond, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Mechanics Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Mechanics Bank in Richmond, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

Mechanics Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Mechanics Bank in Richmond, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches