Call reports 2024
MECHANICS BANK — 2024
What MECHANICS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 17,339,524,000 | 17,326,598,000 | 16,606,281,000 | 16,493,900,000 |
| Total loans | 10,455,561,000 | 10,217,412,000 | 9,928,472,000 | 9,647,828,000 |
| Allowance for loan losses | 120,828,000 | 108,021,000 | 103,481,000 | 88,558,000 |
| Securities available for sale | 2,302,749,000 | 2,399,166,000 | 2,709,754,000 | 3,065,251,000 |
| Securities held to maturity | 1,519,545,000 | 1,493,566,000 | 1,464,775,000 | 1,440,494,000 |
| Trading assets | 20,943,000 | 19,505,000 | 10,480,000 | 12,835,000 |
| Total deposits | 14,166,703,000 | 14,104,511,000 | 14,112,029,000 | 13,945,593,000 |
| Interest-bearing deposits | 8,250,188,000 | 8,539,857,000 | 8,516,326,000 | 8,329,477,000 |
| Noninterest-bearing deposits | 5,916,515,000 | 5,564,654,000 | 5,595,703,000 | 5,616,116,000 |
| Equity capital | 2,199,069,000 | 2,244,042,000 | 2,299,264,000 | 2,301,868,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 172,941,000 | 366,747,000 | 558,867,000 | 735,718,000 |
| Interest expense | 51,163,000 | 106,948,000 | 168,098,000 | 216,548,000 |
| Net interest income | 121,778,000 | 259,799,000 | 390,769,000 | 519,170,000 |
| Noninterest income | 16,170,000 | 32,619,000 | 49,522,000 | 67,954,000 |
| Noninterest expense | 88,866,000 | 176,375,000 | 262,640,000 | 346,478,000 |
| Provision for loan losses | -596,000 | -4,046,000 | 2,684,000 | -1,559,000 |
| Pretax income | -157,397,000 | -86,977,000 | -31,497,000 | 35,697,000 |
| Income tax | -44,104,000 | -24,369,000 | -8,833,000 | 6,698,000 |
| Net income | -113,293,000 | -62,608,000 | -22,664,000 | 28,999,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,392,124,000 | 1,445,652,000 | 1,463,609,000 | 1,509,029,000 |
| Total capital | 1,519,340,000 | 1,558,491,000 | 1,571,921,000 | 1,601,953,000 |
| Risk-weighted assets | 10,170,668,000 | 9,870,831,000 | 9,572,064,000 | 9,347,107,000 |