Mechanics Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The biggest quarter-over-quarter change on this page was a small one: Total interest expense edged down 1.6% between Q1 2026 and Q2 2026, to $57.6M. Within California, Mechanics Bank is 67th of 114 on net interest margin, 3.67% as of Q2 2026, below the middle of the field. At 3.67%, Mechanics Bank's net interest margin is close to the 3.60% median for banks in the $10B-100B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.84% |
| Yield on loans | 5.20% |
| Yield on securities | 3.91% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.26% |
| Cost of interest-bearing deposits | 1.93% |
| Cost of interest-bearing liabilities | 1.96% |
| Cost of borrowings | 3.70% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.67% |
| Yield to cost spread | 2.88% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $178.2M |
| Total interest expense | $57.6M |
| Interest expense on deposits | $56.5M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 4.33% | 0.84% | 3.27% | 5.24% | 1.75% |
| Q4 2023 | 4.31% | 0.91% | 3.17% | 5.19% | 1.75% |
| Q1 2024 | 4.30% | 1.01% | 3.03% | 5.14% | 1.90% |
| Q2 2024 | 4.86% | 1.12% | 3.46% | 5.32% | 3.52% |
| Q3 2024 | 4.83% | 1.24% | 3.29% | 5.21% | 3.63% |
| Q4 2024 | 4.67% | 1.38% | 3.39% | 5.09% | 3.72% |
| Q1 2025 | 4.58% | 1.29% | 3.39% | 4.96% | 3.93% |
| Q2 2025 | 4.69% | 1.37% | 3.42% | 5.14% | 3.83% |
| Q3 2025 | 4.77% | 1.41% | 3.43% | 5.17% | 3.76% |
| Q4 2025 | 4.92% | 1.41% | 3.59% | 5.34% | 3.85% |
| Q1 2026 | 4.81% | 1.24% | 3.65% | 5.17% | 3.89% |
| Q2 2026 | 4.84% | 1.26% | 3.67% | 5.20% | 3.91% |
Mechanics Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Mechanics Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Mechanics Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1768) · FFIEC NIC profile (RSSD 936462)