Mechanics Cooperative 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 largest change between Q1 2026 and Q2 2026 was in Cost of borrowings, which rose 0.55 percentage points to 3.83%. Among 89 Massachusetts banks, Mechanics Cooperative Bank sits 3rd from the top on net interest margin, 4.35% as of Q2 2026. Mechanics Cooperative Bank reported 4.35% on net interest margin for Q2 2026, 0.40 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.41% |
| Yield on loans | 6.66% |
| Yield on securities | 4.63% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.26% |
| Cost of interest-bearing deposits | 2.43% |
| Cost of interest-bearing liabilities | 2.61% |
| Cost of borrowings | 3.83% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.35% |
| Yield to cost spread | 3.80% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $12.2M |
| Total interest expense | $4.3M |
| Interest expense on deposits | $3.5M |
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 | 5.63% | 1.69% | 4.10% | 6.09% | 2.74% |
| Q4 2023 | 5.96% | 2.06% | 4.09% | 6.43% | 2.82% |
| Q1 2024 | 5.75% | 2.31% | 3.64% | 6.16% | 2.84% |
| Q2 2024 | 5.89% | 2.48% | 3.64% | 6.30% | 2.87% |
| Q3 2024 | 6.06% | 2.57% | 3.73% | 6.46% | 3.03% |
| Q4 2024 | 6.01% | 2.57% | 3.69% | 6.38% | 3.09% |
| Q1 2025 | 6.14% | 2.47% | 3.90% | 6.53% | 3.16% |
| Q2 2025 | 6.15% | 2.42% | 3.97% | 6.55% | 3.36% |
| Q3 2025 | 6.49% | 2.40% | 4.31% | 6.91% | 3.42% |
| Q4 2025 | 6.23% | 2.36% | 4.11% | 6.60% | 3.47% |
| Q1 2026 | 6.36% | 2.24% | 4.30% | 6.59% | 4.81% |
| Q2 2026 | 6.41% | 2.26% | 4.35% | 6.66% | 4.63% |
Mechanics Cooperative 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 Cooperative 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 Cooperative Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 26634) · FFIEC NIC profile (RSSD 183770)