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 Mechanics Cooperative Bank
Mechanics Cooperative Bank
| RSSD ID 183770 | CERTIFICATE 26634 | ABA NUMBER 211372048 |
| 316 Broadway |
Quarter Ended : |
2025-03-31 |
| Taunton, Massachusetts, 2780 |
Updated : |
2025-04-29 |
| www.mechanics-coop.com |
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| Institution Profile |
| Year Opened : |
1877 |
Institution Type : |
Stock and Mutual Savings bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
11 |
Number of Employees : |
98 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 828,366 |
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Total Interest Income | 12,257 |
| Total Liabilities | 728,942 |
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Total NonInterest Income | 566 |
| Total Bank Equity Capital | 99,424 |
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Total Interest Expense | 4,466 |
| Total Deposits | 667,120 |
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Total NonInterest Expense | 4,964 |
| Net Loans & Leases | 695,141 |
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Net Income | 2,471 |
| Loan Loss Allowance | 5,658 |
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Net Charge Offs | (1) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 109,663 |
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Total loans | 705,918 |
| Total assets for the leverage ratio | 835,127 |
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Loans secured by real estate: | 660,079 |
| Tier 1 Leverage Ratio | 12.38 |
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Commercial and industrial loans | 45,839 |
| Tier 1 Capital Ratio | 16.93 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 17.96 |
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Loans to individuals - Other | 10,211 |
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:· Mechanics Cooperative Bank
