Vitals
  • Total Assets
    256.2M -14.0 %
  • Total Deposits
    229.6M -9.9 %
  • Total Net Loans
    147.9M -8.4 %
  • Net Income
    -3731000.0000 -789.6 %
  • Book Value
    21.7M -39.1 %
  • Book Value x2
    43.4M -39.1 %
  • Book Value x3
    65.0M -39.1 %
ROAA

-1.272

ROAE

-11.6

Efficiency Ratio

110.815

Net Interest Margin

3.252

Balance Sheet Highlights
Financial Highlights Mechanics & Farmers Bank All Insured Commercial Banks in North Carolina
Balance Sheet $(000)
Total Assets 256,153 1,412,230
Total Net Loans 147,897 1,020,122
Total Deposits 229,645 1,134,979
Total Equity 21,680 173,608
Profitability
Net Income -3,731 10,887
Return on Average Assets -1.272 .777
Return on Average Equity -11.6 6.782
Net Interest Margin 3.252 3.73
Efficiency Ratio 110.815 75.532
Noninterest Income/Revenue 5.254 18.66
Balance Sheet Ratios
Loan-to-Deposit 64.402 86.082
Securities/Assets .254 .132
Total Equity/Total Assets .085 .123
Tangible Equity/Tangible Assets .085 .104
Capital Adequacy
Tier 1 Common Capital 20,591 139,754
Tier 1 Capital 20,591 140,214
Tier 2 Capital 2,287 8,389
Total Capital 22,878 148,590
Total Risk Weighted Assets 181,432 1,125,721
Leverage Ratio 7.52 10.209
Common Equity Tier 1 Capital Ratio 11.35 13.055
Tier 1 Capital Ratio 11.35 13.195
Total Capital Ratio 12.61 14.232

Timeline for Mechanics & Farmers Bank

Mutual Community Savings Bank, Ssb

Acquisition: Mechanics & Farmers Bank acquired a new subsidiary, Mutual Community Savings Bank, Ssb, 16 years

View Profile Mar 29 2008

M&F Bancorp, Inc.

M&F Bancorp, Inc. became a new parent organization for Mechanics & Farmers Bank.

View Profile Sep 01 1999

Realty Services, Inc.

Realty Services, Inc. became a new subsidiary organization for Mechanics & Farmers Bank.

View Profile Sep 01 1999

Mechanics & Farmers Bank

Mechanics & Farmers Bank was established 116 years ago and is currently headquartered in Durham, NC.

Mar 01 1908
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Mutual Community Savings Bank, Ssb Seller 63,862 Acquisition Discontinued 3/29/2008
Relationships Role Relationship Start Relationship End
M&F Bancorp, Inc. Parent 9/1/1999
Realty Services, Inc. Subsidary 9/1/1999 5/4/2001
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