Mechanics Cooperative Bank
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Data as of · sourced from FFIEC call reports. How we update
Mechanics Cooperative Bank is an FDIC-insured savings bank headquartered in Taunton, MA, established in 1877 (FDIC certificate 26634), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $898.8M, up 8.2% from Q2 2025, the 53rd largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 14.38% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26634
- Headquarters
- Taunton, MA
- Established
- 1877
- Total assets, Q2 2026
- $898.8M
- Assets vs Q2 2025
- +8.2%
- CET1 ratio, Q2 2026
- 14.38%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 211372048
- Latest call report
- Q2 2026, FFIEC 051 · Mechanics Cooperative Bank call report
- Holding company
- MOUNTAINONE FINANCIAL, INC.
- Asset rank in state
- 53rd of 89 in Massachusetts
Mechanics Cooperative Bank leans heavily on commercial real estate. Based in Taunton, Massachusetts, it had $899 million in assets at June 30, 2026, up 8.2% from a year earlier. It holds commercial real estate loans worth 3.2 times its capital, 2.7 times the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it carries problem assets equal to 0.2% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Loans are outrunning deposits: over the year loans rose 7.0% and deposits rose 3.4%. Funding is the softer spot: it pays an average of 2.26% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Mechanics Cooperative Bank reported a CET1 capital ratio of 14.38%, a return on assets of 1.36%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.22%. The figures come from its call report filed with the FFIEC.
Mechanics Cooperative Bank ranks as the 53rd largest of the 89 banks based in Massachusetts, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.3% to $898.8M, loans rose 2.3% and deposits fell 0.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 33.4% of total loans, ahead of non-owner-occupied commercial real estate loans at 22.8%. The FDIC Summary of Deposits lists 10 offices for it, in 8 cities in MA; its Taunton 3 offices book 39% of its branch deposits. On its Q2 2026 call report, Mechanics Cooperative Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 316 Broadway, Taunton, MA 02780
- County
- Bristol
- Metro Area
- Providence-Warwick, RI-MA
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1877
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 103
- Domestic deposits
- $679.6M
- Allowance for credit losses
- $6.4M
- Net charge-offs (YTD)
- $10K
- Average total assets
- $879.3M
- Average total loans
- $730.6M
- Average interest-bearing deposits
- $565.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 17, 1986
- FDIC Cert
- 26634
- Fed RSSD
- 183770
- Website
- www.mechanics.bank →
- Parent Holding Company
- MOUNTAINONE FINANCIAL, INC. (RSSD 3100152)
- Ultimate Parent
- MOUNTAINONE FINANCIAL, MHC (RSSD 2634212)
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
Mechanics Cooperative Bank's total assets moved between a low of $691.2M (Q3 2023) and a high of $898.8M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$898.8M total assets against $830.6M; $780.2M total liabilities against $728.3M.
$739.4M net loans and leases against $691.5M; $679.6M total deposits against $657.2M.
$82.4M securities against $81.1M; $13.9M cash and balances due against $13.9M.
$13.2M total interest income against $12.2M; $4.3M total interest expense against $4.3M.
$9.0M net interest income against $7.9M.
$929K total noninterest income against $721K; $5.9M total noninterest expense against $4.9M.
$188K provision for credit losses against -$50K.
$3.0M net income against $2.9M.
1.36% return on assets against 1.37%; 4.35% net interest margin against 3.97%.
14.38% CET1 capital ratio against 16.15%; 12.38% tier 1 leverage ratio against 12.78%.
Inside the full Mechanics Cooperative 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
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 Cooperative Bank rankings
Its closest position to the top of a national ranking is 1,133 of 4,196, for total assets; its furthest is 3,140 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 1.37% (Q2 2025) and its net interest margin ran from 3.69% (Q4 2024) to 4.35% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.38% | 1.36% | 0.03% | 0.22% | 4.35% |
| Q1 2026 | 14.29% | 1.13% | 0.04% | 0.23% | 4.30% |
| Q4 2025 | 15.33% | 1.13% | 0.04% | 0.24% | 4.11% |
| Q3 2025 | 15.59% | 1.35% | 0.00% | 0.00% | 4.31% |
| Q2 2025 | 16.15% | 1.37% | 0.03% | 0.19% | 3.97% |
| Q1 2025 | 15.58% | 1.18% | 0.03% | 0.20% | 3.90% |
| Q4 2024 | 15.14% | 0.87% | 0.03% | 0.24% | 3.69% |
| Q3 2024 | 16.71% | 0.98% | 0.06% | 0.40% | 3.73% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| Mechanics Cooperative Bank (main office) | Taunton , MA | 02780 | $191.2M |
| 165 State Rd Branch | Westport , MA | 02790 | $88.1M |
| North Dighton Branch | North Dighton , MA | 02764 | $82.3M |
| Taunton Branch | Taunton , MA | 02780 | $76.1M |
| 201 Gar Hwy Branch | Swansea , MA | 02777 | $65.5M |
| 72 Main Street Branch | Bridgewater , MA | 02324 | $59.9M |
| 1236 County St Branch | Somerset , MA | 02726 | $49.2M |
| 60 Bedford Street Branch | Fall River , MA | 02720 | $46.3M |
| New Bedford Branch | New Bedford , MA | 02740 | $21.0M |
| Corporate Office | Taunton , MA | 02780 | $0 |
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 1, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2008 | Structure Change | Acquired Lafayette Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2007 | Structure Change | Acquired Bridgewater Co-operative 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MA, rank 67 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 110 applications, 85 loans originated, $98.8M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $1.9M approved, $975K 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).
- Not on file
- Enforcement actions, Consumer complaints, 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 Cooperative Bank
What are Mechanics Cooperative Bank's total assets?
As of the Q2 2026 filing, Mechanics Cooperative Bank reported total assets of $898.8 million in its FFIEC call report.
Where is Mechanics Cooperative Bank headquartered?
It is headquartered in Taunton, MA, United States.
When was Mechanics Cooperative Bank founded?
It was established in 1877, per the FDIC institution directory.
Is Mechanics Cooperative Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #26634). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mechanics Cooperative Bank?
Mechanics Cooperative Bank's primary federal regulator is the FDIC.
What is Mechanics Cooperative Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.38% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Mechanics Cooperative Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mechanics Cooperative Bank's Texas Ratio?
Its Texas Ratio is 0.22% 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.
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