Call reports 2021
MECHANICS COOPERATIVE BANK — 2021
What MECHANICS COOPERATIVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 670,077,000 | 675,581,000 | 664,786,000 | 630,459,000 |
| Total loans | 547,081,000 | 533,609,000 | 527,656,000 | 516,890,000 |
| Allowance for loan losses | 4,007,000 | 3,991,000 | 3,979,000 | 3,990,000 |
| Securities available for sale | 75,228,000 | 73,489,000 | 72,936,000 | 80,272,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 144,000 | 190,000 | 324,000 |
| Total deposits | 522,238,000 | 542,930,000 | 543,218,000 | 536,271,000 |
| Interest-bearing deposits | 414,653,000 | 427,414,000 | 423,163,000 | 424,496,000 |
| Noninterest-bearing deposits | 107,585,000 | 115,516,000 | 120,055,000 | 111,775,000 |
| Equity capital | 70,685,000 | 73,244,000 | 75,458,000 | 77,115,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,772,000 | 13,435,000 | 20,210,000 | 26,997,000 |
| Interest expense | 774,000 | 1,437,000 | 2,030,000 | 2,576,000 |
| Net interest income | 5,998,000 | 11,998,000 | 18,180,000 | 24,421,000 |
| Noninterest income | 661,000 | 1,281,000 | 1,912,000 | 2,439,000 |
| Noninterest expense | 4,085,000 | 7,721,000 | 12,126,000 | 16,977,000 |
| Provision for loan losses | 34,000 | 16,000 | 2,000 | 12,000 |
| Pretax income | 2,540,000 | 5,542,000 | 7,964,000 | 9,871,000 |
| Income tax | 660,000 | 1,444,000 | 2,066,000 | 2,561,000 |
| Net income | 1,880,000 | 4,098,000 | 5,898,000 | 7,310,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,401,000 | 73,618,000 | 75,418,000 | 76,830,000 |
| Total capital | 75,855,000 | 78,113,000 | 79,879,000 | 81,268,000 |
| Risk-weighted assets | 434,018,000 | 437,666,000 | 440,981,000 | 440,688,000 |
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