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 | 816,474,000 | 820,510,000 | 824,131,000 | 820,571,000 |
| Total loans | 629,301,000 | 638,856,000 | 650,548,000 | 661,233,000 |
| Allowance for loan losses | 6,655,000 | 6,543,000 | 6,656,000 | 6,562,000 |
| Securities available for sale | 90,597,000 | 89,500,000 | 88,587,000 | 83,965,000 |
| Securities held to maturity | 10,019,000 | 10,016,000 | 10,013,000 | 10,011,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 753,520,000 | 756,535,000 | 757,370,000 | 754,443,000 |
| Interest-bearing deposits | 693,511,000 | 698,593,000 | 693,418,000 | 695,034,000 |
| Noninterest-bearing deposits | 60,009,000 | 57,942,000 | 63,952,000 | 59,409,000 |
| Equity capital | 60,183,000 | 61,205,000 | 63,331,000 | 62,750,000 |
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 | 7,827,000 | 15,833,000 | 24,081,000 | 32,430,000 |
| Interest expense | 2,436,000 | 5,078,000 | 7,854,000 | 10,476,000 |
| Net interest income | 5,391,000 | 10,755,000 | 16,227,000 | 21,954,000 |
| Noninterest income | 1,497,000 | 3,125,000 | 4,757,000 | 6,410,000 |
| Noninterest expense | 5,656,000 | 11,321,000 | 17,409,000 | 23,502,000 |
| Provision for loan losses | -18,000 | -139,000 | -26,000 | -120,000 |
| Pretax income | 1,266,000 | 2,643,000 | 3,542,000 | 4,945,000 |
| Income tax | 247,000 | 505,000 | 661,000 | 928,000 |
| Net income | 1,019,000 | 2,138,000 | 2,881,000 | 4,017,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,538,000 | 70,282,000 | 70,148,000 | 70,811,000 |
| Total capital | 74,918,000 | 75,783,000 | 75,717,000 | 76,496,000 |
| Risk-weighted assets | 429,028,000 | 438,899,000 | 444,275,000 | 453,781,000 |