Mechanics Cooperative Bank: how it compares with its peers
Against 43 MA banks with half to twice its assets, Mechanics Cooperative Bank's strongest measure in Q2 2026 is net interest margin (4.33% vs. a 3.04% peer median). Its weakest relative measure is assets per employee ($8.7M vs. $9.1M).
| Measure | Mechanics Cooperative Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.24% | 0.57% | Top third Ahead of 93% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.33% | 3.04% | Top third Ahead of 98% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.07% | 76.71% | Top third Ahead of 98% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.7M | $9.1M | Middle third Ahead of 44% of peers |
| Loans to deposits Net loans and leases over total deposits. | 108.81% | 93.79% | Context |
What it means for lending operations
Its efficiency ratio of 56.07% is better than the 76.71% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Greenfield Co-operative Bank Greenfield, MA · $902M
- The Savings Bank Wakefield, MA · $891M
- StonehamBank, A Co-operative Bank Stoneham, MA · $918M
- Winchester Co-operative Bank Winchester, MA · $947M
- Rollstone Bank & Trust Fitchburg, MA · $816M
- Coastal Heritage Bank Weymouth, MA · $984M
Questions about Mechanics Cooperative Bank
How big is Mechanics Cooperative Bank?
Mechanics Cooperative Bank, established in 1877, is headquartered in Taunton, MA. It reported $899M in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is Mechanics Cooperative Bank's return on assets?
1.24% annualized in Q2 2026, against a 0.57% median for 43 MA banks with half to twice its assets, ahead of 93% of them.
What is Mechanics Cooperative Bank's efficiency ratio?
56.07% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 76.71%, and lower is better.
Is Mechanics Cooperative Bank growing its loans?
Net loans grew 6.9% over the year to Q2 2026, while deposits grew 3.4%.
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 MA 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 Massachusetts bank ranked.