Call reports 2024
MECHANICS COOPERATIVE BANK — 2024
What MECHANICS COOPERATIVE 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 | 744,867,000 | 773,735,000 | 804,272,000 | 837,477,000 |
| Total loans | 618,309,000 | 647,007,000 | 677,338,000 | 709,975,000 |
| Allowance for loan losses | 4,512,000 | 4,884,000 | 5,150,000 | 5,643,000 |
| Securities available for sale | 77,206,000 | 78,470,000 | 79,357,000 | 78,003,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,247,000 | 1,230,000 | 902,000 | 1,134,000 |
| Total deposits | 582,363,000 | 598,296,000 | 627,025,000 | 652,658,000 |
| Interest-bearing deposits | 481,824,000 | 494,073,000 | 518,341,000 | 549,900,000 |
| Noninterest-bearing deposits | 100,539,000 | 104,223,000 | 108,684,000 | 102,758,000 |
| Equity capital | 90,393,000 | 91,920,000 | 95,163,000 | 96,630,000 |
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 | 10,107,000 | 20,787,000 | 32,186,000 | 43,983,000 |
| Interest expense | 3,714,000 | 7,810,000 | 12,199,000 | 16,762,000 |
| Net interest income | 6,393,000 | 12,977,000 | 19,987,000 | 27,221,000 |
| Noninterest income | 497,000 | 1,015,000 | 1,539,000 | 2,040,000 |
| Noninterest expense | 4,635,000 | 9,298,000 | 14,077,000 | 18,996,000 |
| Provision for loan losses | 183,000 | 579,000 | 845,000 | 1,339,000 |
| Pretax income | 2,043,000 | 4,159,000 | 6,629,000 | 9,009,000 |
| Income tax | 503,000 | 1,027,000 | 1,548,000 | 2,129,000 |
| Net income | 1,540,000 | 3,132,000 | 5,081,000 | 6,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,550,000 | 97,142,000 | 99,091,000 | 100,890,000 |
| Total capital | 100,795,000 | 102,686,000 | 104,920,000 | 107,154,000 |
| Risk-weighted assets | 547,966,000 | 573,942,000 | 592,901,000 | 666,312,000 |