Mechanics Bank (Walnut Creek, CA)
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Data as of · sourced from FFIEC call reports. How we update
Mechanics Bank is an FDIC-insured commercial bank headquartered in Walnut Creek, CA, established in 1905 (FDIC certificate 1768), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $21.25B, up 28.2% from Q2 2025, the 6th largest of 113 banks headquartered in California. Its CET1 capital ratio was 15.48% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1768
- Headquarters
- Walnut Creek, CA
- Established
- 1905
- Total assets, Q2 2026
- $21.25B
- Assets vs Q2 2025
- +28.2%
- CET1 ratio, Q2 2026
- 15.48%
- Domestic offices
- 169 FDIC institution directory, current count
- Routing number
- 121102036
- Latest call report
- Q2 2026, FFIEC 041 · Mechanics Bank call report
- Holding company
- MECHANICS BANCORP
- Asset rank in state
- 6th of 113 in California
Mechanics Bank leans heavily on commercial real estate. Based in Walnut Creek, California, it had $21.2 billion in assets at June 30, 2026, up 28.2% from a year earlier. It holds commercial real estate loans worth 3.4 times its capital, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 2.2 times). It also grew its loan book 46.9% over the year, 7.4 times the median of 6.3% for banks its size.
Earnings jumped: net income for the quarter was $60 million, 42% above the same quarter a year earlier. Over the same year, loans grew 46.9% and deposits grew 29.5%. Profitability lags: it returns 8.4% a year on shareholders' equity, lower than about three-quarters of banks its size (median 11.1%).
As of June 30, 2026, Mechanics Bank reported a CET1 capital ratio of 15.48%, a return on assets of 1.13%, a nonperforming-loan ratio of 0.41% and a Texas ratio of 2.53%. The figures come from its call report filed with the FFIEC.
Of the 113 banks headquartered in California, Mechanics Bank is the 6th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.7% to $21.25B, loans fell 2.0% and deposits fell 0.8%. Multifamily loans made up 37.4% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 31.4%. By the capital ratios in its Q2 2026 call report, Mechanics Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1111 Civic Dr, Walnut Creek, CA 94596
- County
- Contra Costa
- Metro Area
- San Francisco-Oakland-Fremont, CA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1905
- Former names
- The Mechanics Bank (1997-2011)
- Domestic offices
- 169 FDIC institution directory, current count
- Employees (FTE)
- 1,753
- Domestic deposits
- $18.10B
- Allowance for credit losses
- $152.6M
- Net charge-offs (YTD)
- $7.4M
- Average total assets
- $21.35B
- Average total loans
- $13.70B
- Average interest-bearing deposits
- $11.65B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1768
- Fed RSSD
- 936462
- SEC CIK
- 1518715 → filed by MECHANICS BANCORP
- Website
- www.mechanicsbank.com →
- Parent Holding Company
- MECHANICS BANCORP (RSSD 3843507) · MCHB
- Ultimate Parent
- 2011 TCRT (RSSD 4759650)
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Johnson Coleman James | CEO | President & CEO |
| Nathan Duda | CFO | EVP & CFO |
| Christopher D Pierce | COO | EVP & Chief Operating Officer |
| Kristie S Shields | CCO | EVP & Chief Compliance Counsel |
| Glenn C Shrader | GC | EVP & General Counsel |
| Van Amen Darrell | CIO | EVP, Chief Investment Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Mechanics Bank's total assets ran between $16.49B (Q4 2024) and $22.71B (Q3 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$21.25B total assets against $16.58B; $18.42B total liabilities against $14.16B.
$13.43B net loans and leases against $9.18B; $18.10B total deposits against $13.97B.
$5.43B securities against $3.97B; $553.9M cash and balances due against $2.08B.
$237.9M total interest income against $178.2M; $57.6M total interest expense against $48.0M.
$180.3M net interest income against $130.1M.
$23.1M total noninterest income against $15.4M; $124.5M total noninterest expense against $91.6M.
-$2.8M provision for credit losses against -$369K.
$60.2M net income against $42.5M.
1.13% return on assets against 1.03%; 3.67% net interest margin against 3.42%.
15.48% CET1 capital ratio against 18.27%; 9.38% tier 1 leverage ratio against 10.16%.
Inside the full Mechanics Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Mechanics Bank rankings
Its closest position to the top of a national ranking is 100 of 4,196, for total assets; its furthest is 2,212 of 3,611, for ROA.
Metric pages for Mechanics Bank: Uninsured deposits.
Banks merged into Mechanics Bank
- HomeStreet Bank, effective September 2, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.87% (Q1 2026) to 2.31% (Q4 2025) and its net interest margin ran from 3.29% (Q3 2024) to 3.67% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.48% | 1.13% | 0.41% | 2.53% | 3.67% |
| Q1 2026 | 14.96% | 0.87% | 0.36% | 2.23% | 3.65% |
| Q4 2025 | 15.59% | 2.31% | 0.34% | 2.04% | 3.59% |
| Q3 2025 | 14.87% | 1.22% | 0.44% | 2.75% | 3.43% |
| Q2 2025 | 18.27% | 1.03% | 0.22% | 1.19% | 3.42% |
| Q1 2025 | 16.89% | 1.06% | 0.11% | 1.47% | 3.39% |
| Q4 2024 | 16.14% | 1.25% | 0.12% | 1.72% | 3.39% |
| Q3 2024 | 15.29% | 0.93% | 0.12% | 1.97% | 3.29% |
Swipe the table sideways to see every column.
Branch Network
View all 167 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Newport Beach Branch | Newport Beach , CA | 92660 | $1.57B |
| Walnut Creek Office | Walnut Creek , CA | 94596 | $948.4M |
| North Roseville Retail Branch Office | Roseville , CA | 95678 | $884.2M |
| Klose Way Branch | Richmond , CA | 94806 | $830.7M |
| Salinas Branch | Salinas , CA | 93901 | $338.5M |
| El Centro Main | El Centro , CA | 92243 | $318.8M |
| Berkeley Office | Berkeley , CA | 94704 | $250.8M |
| El Cerrito Branch | El Cerrito , CA | 94530 | $239.9M |
| Honolulu Branch | Honolulu , HI | 96813 | $233.9M |
| Pinole Branch | Pinole , CA | 94564 | $228.0M |
| Brawley Branch | Brawley , CA | 92227 | $221.9M |
| Santa Maria-South Broadway Branch | Santa Maria , CA | 93454 | $191.0M |
| Grand Avenue Branch | Arroyo Grande , CA | 93420 | $184.1M |
| Westlake Village Branch | Westlake Village , CA | 91362 | $176.9M |
| Morro Bay Branch | Morro Bay , CA | 93442 | $174.3M |
| North Berkeley Branch | Berkeley , CA | 94707 | $173.1M |
| Camarillo Branch | Camarillo , CA | 93010 | $169.7M |
| Broad Street Branch | San Luis Obispo , CA | 93401 | $165.5M |
| Wedgwood Branch | Seattle , WA | 98115 | $160.2M |
| Los Banos Branch | Los Banos , CA | 93635 | $155.1M |
| Paso Robles Branch | Paso Robles , CA | 93446 | $149.3M |
| Napa Branch | Napa , CA | 94558 | $142.8M |
| Oak Park Branch | Pismo Beach , CA | 93449 | $142.7M |
| Seaside Branch | Seaside , CA | 93955 | $141.8M |
| Atascadero Branch | Atascadero , CA | 93422 | $138.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 2, 2025 | Structure Change | Acquired HomeStreet Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 2, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2019 | Structure Change | Acquired Rabobank, N.A. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 31, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2018 | Structure Change | Acquired Scott Valley Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 1, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2016 | Structure Change | Acquired California Republic Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in CA, rank 17 of 164 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,675 applications, 963 loans originated, $823.9M originated, across 9 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $200K approved, $200K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 95 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Mechanics Bank
What are Mechanics Bank's total assets?
As of the Q2 2026 filing, Mechanics Bank reported total assets of $21.25 billion in its FFIEC call report.
Where is Mechanics Bank headquartered?
It is headquartered in Walnut Creek, CA, United States.
When was Mechanics Bank founded?
It was established in 1905, per the FDIC institution directory.
Is Mechanics Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1768). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mechanics Bank?
Mechanics Bank's primary federal regulator is the FDIC.
What is Mechanics Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.48% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Mechanics Bank operate?
It operates 169 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mechanics Bank's Texas Ratio?
Its Texas Ratio is 2.53% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Mechanics Bank previously called?
The charter now named Mechanics Bank has also operated as The Mechanics Bank (1997-2011), per FDIC structure-change records.
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