|
 |
|
|
 Mechanics Cooperative Bank
Mechanics Cooperative Bank
| RSSD ID 183770 | CERTIFICATE 26634 | ABA NUMBER 211372048 |
| 316 Broadway |
Quarter Ended : |
2025-06-30 |
| Taunton, Massachusetts, 02780 |
Updated : |
2025-07-28 |
| www.mechanics.bank |
|
| 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 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
11 |
Number of Employees : |
101 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 830,578 |
|
Total Interest Income | 24,513 |
| Total Liabilities | 728,275 |
|
Total NonInterest Income | 1,287 |
| Total Bank Equity Capital | 102,303 |
|
Total Interest Expense | 8,802 |
| Total Deposits | 657,211 |
|
Total NonInterest Expense | 9,840 |
| Net Loans & Leases | 691,479 |
|
Net Income | 5,322 |
| Loan Loss Allowance | 5,651 |
|
Net Charge Offs | 2 |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Total capital | 112,461 |
|
Total loans | 694,552 |
| Total assets for the leverage ratio | 830,923 |
|
Loans secured by real estate: | 647,234 |
| Tier 1 Leverage Ratio | 12.78 |
|
Commercial and industrial loans | 47,319 |
| Tier 1 Capital Ratio | 17.49 |
|
Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 18.52 |
|
Loans to individuals - Other | 9,299 |
|
|
|
|
:· Mechanics Cooperative Bank
