Vitals
  • Total Assets
    513.9M 4.9 %
  • Total Deposits
    407.0M 4.2 %
  • Total Net Loans
    413.2M 5.6 %
  • Net Income
    4.2M 7.7 %
  • Book Value
    45.0M 10.4 %
  • Book Value x2
    90.0M 10.4 %
  • Book Value x3
    135.0M 10.4 %
ROAA

.848

ROAE

9.783

Efficiency Ratio

64.477

Net Interest Margin

3.814

Balance Sheet Highlights
Financial Highlights Mechanics Cooperative Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 513,924 761,274
Total Net Loans 413,168 592,852
Total Deposits 406,958 596,855
Total Equity 44,998 82,059
Profitability
Net Income 4,216 4,648
Return on Average Assets .848 .538
Return on Average Equity 9.783 4.944
Net Interest Margin 3.814 3.143
Efficiency Ratio 64.477 77.098
Noninterest Income/Revenue 8.444 14.538
Balance Sheet Ratios
Loan-to-Deposit 101.526 95.714
Securities/Assets .136 .124
Total Equity/Total Assets .088 .108
Tangible Equity/Tangible Assets .087 .106
Capital Adequacy
Tier 1 Common Capital 45,964 80,540
Tier 1 Capital 45,964 80,580
Tier 2 Capital 3,123 5,839
Total Capital 49,087 86,408
Total Risk Weighted Assets 366,451 559,688
Leverage Ratio 9.08 10.827
Common Equity Tier 1 Capital Ratio 12.54 15.478
Tier 1 Capital Ratio 12.54 15.53
Total Capital Ratio 13.4 16.563

Timeline for Mechanics Cooperative Bank

Mechanics Cooperative Bank Insurance Agency Llc

Mechanics Cooperative Bank Insurance Agency Llc became a new subsidiary organization for Mechanics Cooperative Bank.

View Profile Sep 05 2012

Mechanics Bancorp, Inc

Mechanics Bancorp, Inc became a new parent organization for Mechanics Cooperative Bank.

View Profile Sep 01 2011

1877 Tpm Corp

1877 Tpm Corp became a new subsidiary organization for Mechanics Cooperative Bank.

View Profile Sep 01 2011

Mcb Securities Corporation

Mcb Securities Corporation became a new subsidiary organization for Mechanics Cooperative Bank.

View Profile Sep 01 2011

Lafayette Securities Corporation

Lafayette Securities Corporation became a new subsidiary organization for Mechanics Cooperative Bank.

View Profile Sep 01 2011

Want to see more?

Complete timeline for Mechanics Cooperative Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Lafayette Federal Savings Bank Seller 111,831 Acquisition Discontinued 9/1/2008
Bridgewater Co-Operative Bank Seller 12,618 Acquisition Discontinued 11/1/2007
Relationships Role Relationship Start Relationship End
Mechanics Bancorp, Inc Parent 9/1/2011
1877 Tpm Corp Subsidary 9/1/2011
Mcb Securities Corporation Subsidary 9/1/2011
Mechanics Cooperative Bank Insurance Agency Llc Subsidary 9/5/2012
Lafayette Securities Corporation Subsidary 9/1/2011 3/31/2014
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