Mechanics Bank
Walnut Creek, California · FDIC cert #1768 · chartered 1905 · 171 offices
Mechanics Bank held $21.4B in total assets and $18.3B in deposits on its Q1 2026 (call report dated March 31, 2026) FDIC call report (#98 of 118 by size). Its capital ratio is 13.7% (equity ÷ assets), its total risk-based capital ratio is 16.2%, its Texas Ratio is 1.75% and its return on assets is 0.87%. On BankGrade's transparent A–F scale that is a A (Strong). This is a computed read on public data, not a rating or a statement about the bank's solvency — deposits are FDIC-insured to $250,000 per depositor, per ownership category regardless.
Source: FDIC BankFind Suite API, Q1 2026 (call report dated March 31, 2026). Data as of June 2026.
Grade A Strong — well-capitalized with low problem-asset ratios on this snapshot.
Mechanics Bank headline figures
| Metric | Mechanics Bank |
|---|---|
| Total assets | $21.4B |
| Total deposits | $18.3B |
| Total equity capital | $2.9B |
| Capital ratio (equity ÷ assets) | 13.7% |
| Total risk-based capital ratio | 16.2% |
| Nonperforming assets ÷ total assets | 0.25% |
| Return on assets (ROA, annualized) | 0.87% |
| Texas Ratio (computed) | 1.75% |
| BankGrade grade | A — Strong |
Source: FDIC BankFind Suite API, Q1 2026 (call report dated March 31, 2026). Data as of June 2026.
Dollar amounts are total figures from the FDIC call report. The Texas Ratio is computed by BankGrade from FDIC fields (see methodology); all other figures are reported directly by the FDIC. ROA is annualized by the FDIC from year-to-date net income. Estimate-free — but verify on the FDIC source before relying on it.
What each metric means
- Capital ratio (13.7%): equity capital as a share of total assets — the simplest cushion measure. Higher is sturdier; most large banks sit between 8% and 12%. Mechanics Bank ranks #20 of 118 on this measure.
- Risk-based capital ratio (16.2%): capital measured against risk-weighted assets, the regulatory yardstick. Banks are generally considered "well capitalized" at roughly 10% or above under Prompt Corrective Action rules.
- Nonperforming-asset ratio (0.25%): problem assets (loans past due 90+ days or in nonaccrual, plus repossessed property) as a share of total assets. Lower is better.
- Return on assets (0.87%): annualized net income divided by assets — how profitably the bank uses its balance sheet. Around 1% or higher is healthy for a large US bank.
- Texas Ratio (1.75%): nonperforming assets divided by the sum of equity and loan-loss reserves. A stress gauge — see the explainer.
Mechanics Bank vs similar-sized banks
The five banks closest to Mechanics Bank in total assets, for context on whether its ratios are typical for its size:
| Bank | Total assets | Capital ratio | Texas Ratio | ROA | Grade |
|---|---|---|---|---|---|
| Mechanics Bank (this bank) | $21.4B | 13.7% | 1.75% | 0.87% | A |
| Seacoast National Bank | $21.1B | 14.3% | 3.09% | 0.62% | B |
| First Merchants Bank | $21.0B | 12.9% | 3.25% | 0.66% | B |
| Optum Bank, Inc. | $21.0B | 14.6% | 0.89% | 2.93% | A |
| Wilmington Savings Fund Society, FSB | $22.0B | 12.1% | 3.52% | 1.68% | A |
| Beacon Bank and Trust | $22.2B | 11.3% | 5.61% | 0.90% | C |
Is your money safe at Mechanics Bank?
The single most important fact about deposit safety is FDIC insurance, not any ratio on this page. The FDIC insures deposits up to $250,000 per depositor, per insured bank, per ownership category. If you keep more than that at one bank, the coverage calculator shows how to structure accounts so all of it is insured. The health metrics here describe the bank's balance sheet on one quarterly snapshot — they are useful context, but they are not a prediction and not advice.
Frequently asked questions
What is Mechanics Bank's BankGrade grade?
On the latest FDIC call report (Q1 2026 (call report dated March 31, 2026)), Mechanics Bank scores a A on BankGrade's transparent A–F scale — well-capitalized with low problem-asset ratios on this snapshot. The grade is built from five public FDIC figures: a capital ratio of 13.7%, a risk-based capital ratio of 16.2%, a Texas Ratio of 1.75%, a return on assets of 0.87% and a nonperforming-asset ratio of 0.25%. It is informational only — not a rating, recommendation or statement about the bank's actual solvency.
Is my money safe at Mechanics Bank?
Deposits at Mechanics Bank are insured by the FDIC up to $250,000 per depositor, per insured bank, per ownership category — regardless of any health metric on this page. That insurance is what actually protects your money. The ratios here describe the bank's balance sheet on one quarterly snapshot; they are not a prediction of failure. Use our coverage calculator to check how much of your balance is insured.
How big is Mechanics Bank?
Mechanics Bank reported $21.4B in total assets and $18.3B in deposits on its Q1 2026 (call report dated March 31, 2026) FDIC call report, ranking #98 of 118 among the largest US banks we track. It is headquartered in Walnut Creek, California and was chartered in 1905.
What is Mechanics Bank's Texas Ratio?
Mechanics Bank's Texas Ratio is 1.75%. We compute it as nonperforming assets ($54.1M) divided by the sum of total equity ($2.9B) and the loan-loss allowance ($156.8M). A lower number means problem assets are small relative to the cushion that absorbs them. Classic guidance treats figures approaching 100% as a stress signal, but the ratio has caveats — see our Texas Ratio explainer.
Keep exploring
Sources & important disclaimer
All figures from the FDIC BankFind Suite API (Q1 2026 (call report dated March 31, 2026), FDIC cert #1768), public domain. The Texas Ratio and A–F grade are transparent calculations over those figures (see methodology). Informational only — not financial advice, a credit rating, or an opinion on this bank's solvency. FDIC insurance protects deposits up to $250,000 per depositor, per bank, per ownership category regardless of a bank's metrics. Verify everything on the FDIC source before making any financial decision.
Last updated: 2026-06-20