Mechanics & Farmers Bank
BankRegReports is independent of Mechanics & Farmers Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Mechanics & Farmers Bank is an FDIC-insured commercial bank headquartered in Durham, NC, established in 1908 (FDIC certificate 12266), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $476.0M, down 3.5% from Q2 2025, the 23rd largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 24.72% 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
- 12266
- Headquarters
- Durham, NC
- Established
- 1908
- Total assets, Q2 2026
- $476.0M
- Assets vs Q2 2025
- -3.5%
- CET1 ratio, Q2 2026
- 24.72%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 053100452
- Latest call report
- Q2 2026, FFIEC 051 · Mechanics & Farmers Bank call report
- Holding company
- M&F BANCORP, INC.
- Asset rank in state
- 23rd of 38 in North Carolina
Problem loans are rising at Mechanics & Farmers Bank. Based in Durham, North Carolina, it had $476 million in assets at June 30, 2026, down 3.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.12% of loans from 0.51% a year earlier. It lost 4.5% of its deposits over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also returns 5.0% a year on shareholders' equity, about a third the median of 12.5% for banks its size.
The commercial and industrial book ($50 million) is worsening: 6.89% of it is past due or on nonaccrual, up from 0.74% a year earlier. Its $37 million non-owner-occupied commercial real estate book is now fully current, after 1.63% of it was past due or on nonaccrual a year earlier. Costs are the weak spot: it spends about 74 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Mechanics & Farmers Bank reported a CET1 capital ratio of 24.72%, a return on assets of 0.70%, a nonperforming-loan ratio of 2.39% and a Texas ratio of 4.34%. The figures come from its call report filed with the FFIEC.
Of the 38 banks headquartered in North Carolina, Mechanics & Farmers Bank is the 23rd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.7% to $476.0M, loans rose 1.1% and deposits fell 2.9%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 35.2% of total loans, ahead of commercial and industrial loans at 18.3%. Its 8 offices in the FDIC Summary of Deposits are in 5 cities in NC; its Durham 3 offices book 68% of its branch deposits. By the capital ratios in its Q2 2026 call report, Mechanics & Farmers Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 116 W Parrish St, Durham, NC 27701
- County
- Durham
- Metro Area
- Durham-Chapel Hill, NC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 1, 1908
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 80
- Domestic deposits
- $402.2M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- $1.0M
- Average total assets
- $487.7M
- Average total loans
- $273.9M
- Average interest-bearing deposits
- $317.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 12266
- Fed RSSD
- 332224
- SEC CIK
- 1094738 → filed by M&F BANCORP, INC.
- Website
- www.mfbonline.com →
- Parent Holding Company
- M&F BANCORP, INC. (RSSD 2807810)
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 & Farmers Bank's total assets moved between a low of $421.6M (Q3 2023) and a high of $499.1M (Q1 2025) 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
$476.0M total assets against $493.3M; $408.2M total liabilities against $427.5M.
$272.5M net loans and leases against $278.7M; $402.2M total deposits against $421.2M.
$158.1M securities against $156.9M; $20.5M cash and balances due against $32.6M.
$6.0M total interest income against $6.4M; $1.2M total interest expense against $1.4M.
$4.8M net interest income against $5.0M.
$666K total noninterest income against $835K; $4.0M total noninterest expense against $4.5M.
$350K provision for credit losses against $291K.
$849K net income against $831K.
0.70% return on assets against 0.66%; 4.11% net interest margin against 4.18%.
24.72% CET1 capital ratio against 24.22%; 15.10% tier 1 leverage ratio against 14.35%.
Inside the full Mechanics & Farmers Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMechanics & Farmers Bank rankings
Its closest position to the top of a national ranking is 163 of 2,134, for CET1 ratio; its furthest is 3,024 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.35% (Q4 2025) to 1.12% (Q3 2025) and its net interest margin ran from 3.93% (Q4 2024) to 4.29% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.72% | 0.70% | 2.39% | 4.34% | 4.11% |
| Q1 2026 | 24.60% | 0.65% | 2.34% | 4.11% | 4.02% |
| Q4 2025 | 24.63% | 0.35% | 1.56% | 5.62% | 4.29% |
| Q3 2025 | 24.73% | 1.12% | 1.27% | 4.53% | 4.18% |
| Q2 2025 | 24.22% | 0.66% | 0.54% | 2.21% | 4.18% |
| Q1 2025 | 23.61% | 0.70% | 0.57% | 2.41% | 3.94% |
| Q4 2024 | 23.75% | 0.88% | 0.74% | 2.68% | 3.93% |
| Q3 2024 | 24.10% | 1.00% | 0.72% | 2.61% | 4.10% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| Chapel Hill Blvd Branch | Durham , NC | 27707 | $220.7M |
| Mechanics & Farmers Bank (main office) | Durham , NC | 27701 | $53.5M |
| Raleigh Branch | Raleigh , NC | 27601 | $33.2M |
| Charlotte Branch | Charlotte , NC | 28216 | $29.9M |
| 100 South Murrow Boulevard Branch | Greensboro , NC | 27401 | $28.1M |
| Winston-Salem Branch | Winston Salem , NC | 27101 | $21.1M |
| Rock Quarry Road Branch | Raleigh , NC | 27610 | $15.7M |
| M&F Bank Corporate Branch | Durham , NC | 27707 | $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 |
|---|---|---|---|
| March 29, 2008 | Structure Change | Acquired Mutual Community Savings Bank, SSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 28, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in NC, rank 42 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 22 loans, $8.5M approved, $387K 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, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Mechanics & Farmers Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Mechanics & Farmers Bank
What are Mechanics & Farmers Bank's total assets?
As of the Q2 2026 filing, Mechanics & Farmers Bank reported total assets of $476.0 million in its FFIEC call report.
Where is Mechanics & Farmers Bank headquartered?
It is headquartered in Durham, NC, United States.
When was Mechanics & Farmers Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Mechanics & Farmers Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #12266). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mechanics & Farmers Bank?
Mechanics & Farmers Bank's primary federal regulator is the FDIC.
What is Mechanics & Farmers Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.72% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Mechanics & Farmers Bank operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mechanics & Farmers Bank's Texas Ratio?
Its Texas Ratio is 4.34% 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.
Go deeper on Mechanics & Farmers Bank.
Get an email when Mechanics & Farmers Bank files its next call report, and benchmark it against any peer you choose.
Unlock Mechanics & Farmers Bank, freeFree account