Call reports 2023
MECHANICS BANK — 2023
What MECHANICS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 767,317,000 | 782,307,000 | 789,025,000 | 806,594,000 |
| Total loans | 605,448,000 | 612,767,000 | 623,311,000 | 630,610,000 |
| Allowance for loan losses | 6,404,000 | 6,520,000 | 6,511,000 | 6,676,000 |
| Securities available for sale | 104,668,000 | 102,081,000 | 95,099,000 | 95,305,000 |
| Securities held to maturity | 10,356,000 | 10,351,000 | 10,347,000 | 10,022,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 708,463,000 | 723,652,000 | 730,174,000 | 744,795,000 |
| Interest-bearing deposits | 647,659,000 | 662,363,000 | 666,745,000 | 684,398,000 |
| Noninterest-bearing deposits | 60,804,000 | 61,289,000 | 63,429,000 | 60,397,000 |
| Equity capital | 56,060,000 | 56,394,000 | 55,661,000 | 59,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 6,503,000 | 13,252,000 | 20,320,000 | 27,820,000 |
| Interest expense | 465,000 | 1,436,000 | 2,777,000 | 4,722,000 |
| Net interest income | 6,038,000 | 11,816,000 | 17,543,000 | 23,098,000 |
| Noninterest income | 1,357,000 | 2,849,000 | 4,313,000 | 5,844,000 |
| Noninterest expense | 5,256,000 | 10,710,000 | 16,145,000 | 21,412,000 |
| Provision for loan losses | -25,000 | 88,000 | 100,000 | 266,000 |
| Pretax income | 2,199,000 | 3,914,000 | 5,667,000 | 7,360,000 |
| Income tax | 452,000 | 804,000 | 1,129,000 | 1,477,000 |
| Net income | 1,747,000 | 3,110,000 | 4,538,000 | 5,883,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,334,000 | 67,321,000 | 67,925,000 | 68,895,000 |
| Total capital | 71,541,000 | 72,574,000 | 73,230,000 | 74,220,000 |
| Risk-weighted assets | 415,132,000 | 418,869,000 | 423,129,000 | 424,562,000 |