Mechanics Bank: how it compares with its peers
Against 96 U.S. banks with half to twice its assets, Mechanics Bank's strongest measure in Q2 2026 is net interest margin (3.71% vs. a 3.65% peer median). Its weakest relative measure is return on assets (0.99% vs. 1.21%).
| Measure | Mechanics Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.99% | 1.21% | Bottom third Ahead of 31% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.71% | 3.65% | Middle third Ahead of 53% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.78% | 55.20% | Bottom third Ahead of 33% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.1M | $12.1M | Middle third Ahead of 50% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.21% | 86.03% | Context |
What it means for lending operations
Its efficiency ratio of 58.78% is above the 55.20% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Citizens Business Bank, National Association Ontario, CA · $21.18B
- Merchants Bank of Indiana Carmel, IN · $21.17B
- First Merchants Bank Muncie, IN · $21.32B
- Seacoast National Bank Stuart, FL · $21.34B
- Optum Bank, Inc. Draper, UT · $21.43B
- The Central Trust Bank Jefferson City, MO · $20.31B
Questions about Mechanics Bank
How big is Mechanics Bank?
Mechanics Bank, established in 1905, is headquartered in Walnut Creek, CA. It reported $21.25B in total assets in its Q2 2026 FDIC call report and operates 169 offices.
What is Mechanics Bank's return on assets?
0.99% annualized in Q2 2026, against a 1.21% median for 96 U.S. banks with half to twice its assets, ahead of 31% of them.
What is Mechanics Bank's efficiency ratio?
58.78% in Q2 2026: it spent about 59 cents in noninterest expense for each dollar of revenue. The peer median is 55.20%, and lower is better.
Is Mechanics Bank growing its loans?
Net loans grew 46.4% over the year to Q2 2026, while deposits grew 29.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every California bank ranked.