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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · California, the state note

Mechanics Bank

Walnut Creek, California · $21.25B in assets · beside the 9 other California banks over $10B

The filing

+46.9%
Loans, year over year
1st of 10, largest first
340.0%
CRE / capital
10th of 10
75.1%
Loans / deposits
2nd of 10

Mechanics Bank is the sixth largest of the 10 California banks over $10B, with $21.25B in assets at 30 June 2026. Loans are 75.1% of deposits, 2nd of 10 against a median of 84.3%, and equity is 13.3% of assets, 3rd of 10. Loans grew +46.9% in the year, the fastest in the cohort, and deposits grew 29.5%; the cohort's median loan growth is +5.2%.

Noncurrent loans are 0.41% of the book, 4th of 10 against a median of 0.49%; 0.38% is 30 to 89 days past due, and the allowance covers them 2.7 times. Net charge-offs are 0.11% of loans, 7th of 10. Commercial real estate is 51.8% of loans, 8th of 10 against a median of 38.5%, and 340% of capital, above the 300% screen, with construction at 17% against the 100% screen.

Return on assets is 1.01%, 5th of 10 against a median of 0.99%, on an efficiency ratio of 62.3%, 7th of 10. Five years ago it was 1.07%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Commercial real estate against capital, the 300% screenCA banks over $10B · 30 June 2026 · lower is stronger, listed first
median 263% Bo Bank of America Ca N.A. 0% CN City National Bank 108% AB Axos Bank 188% EW East West Bank 206% FM Farmers & Merchants Bank Long Be 255% Bo Bank of Hope 271% CB Cathay Bank 272% CB Citizens Business Bank N.A. 281% Bo Banc of California 291% MB Mechanics Bank 340%
Loans, year over yearCA banks over $10B · 30 June 2026 · no better direction, largest first
median +5.2% MB Mechanics Bank +46.9% CB Citizens Business Bank N.A. +43.8% AB Axos Bank +24.6% EW East West Bank +7.3% CN City National Bank +6.3% CB Cathay Bank +4.1% Bo Bank of Hope +4.1% FM Farmers & Merchants Bank Long Be +2.7% Bo Banc of California +1.7% Bo Bank of America Ca N.A. -12.3%

SBA 7(a), FY2008 to FY2026

Mechanics Bank is the 20th largest 7(a) lender into Washington of 281, with $198M across 363 loans, 1.5% of everything approved in the state (U.S. Bank, National Association leads with $933M). 73 of its 75 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Washington, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
King, WA$107M11th of 1932.3%-0.9 pts
Los Angeles, CA$26M87th of 3080.1%quiet FY2020
Snohomish, WA$25M19th of 1271.6%quiet FY2021
Orange, CA$25M54th of 2560.3%quiet FY2021
Riverside, CA$24M40th of 2190.7%quiet FY2019
Pierce, WA$15M29th of 1370.9%-0.0 pts
Alameda, CA$13M42nd of 1790.6%quiet FY2019
San Luis Obispo, CA$11M17th of 991.6%quiet FY2019
San Diego, CA$11M64th of 2380.2%quiet FY2022
Monterey, CA$11M15th of 931.7%quiet FY2019
Kern, CA$10M27th of 1291.0%quiet FY2020
Thurston, WA$8M20th of 961.4%quiet FY2022
Placer, CA$7M29th of 1220.9%quiet FY2018
62 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Health care & social assistance129$57M13.6%0.12%118th of 2,172
Manufacturing96$51M12.2%0.13%143rd of 2,246
Retail trade109$48M11.5%0.08%188th of 2,589
Wholesale trade65$43M10.4%0.17%112th of 1,651
Professional & technical services109$42M10.0%0.13%107th of 1,955
7(a) lenders into Washington, share of approvals since FY2008281 lenders on record; the ten largest and Mechanics Bank
UB U.S. Bank, National Association 6.9% $933M · 3,630 loans CB Columbia Bank 6.7% $907M · 2,786 loans KN KeyBank National Association 5.5% $735M · 1,921 loans Bo Bank of Hope 4.9% $658M · 702 loans LO Live Oak Banking Company 4.4% $598M · 424 loans WF Wells Fargo Bank National Associa… 3.9% $518M · 1,645 loans BB Banner Bank 3.5% $467M · 2,139 loans RL Readycap Lending, LLC 3.3% $440M · 406 loans HB Heritage Bank 3.2% $437M · 947 loans U Unibank 2.8% $384M · 420 loans MB Mechanics Bank 1.5% $198M · 363 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Mechanics BankRankCohort median
Total CRE against capital, the 300% screen340%10th of 10263%
Construction against capital, the 100% screen17%6th of 1014%
Construction and land development, share of loans2.6%6th of 102.2%
Non-owner-occupied nonfarm nonresidential, share of loans11.9%4th of 1017.0%
Total CRE, the guidance definition, share of loans51.8%8th of 1038.5%
CRE growth over 36 months, the third prong+46.3%9th of 9+6.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
City National Bank$99.10B1.0%65.9%0.92%0.03%1.0%84.8%11.4%
East West Bank$84.32B1.7%36.0%0.38%0.13%1.4%83.9%9.9%
Banc of California$34.90B-0.9%63.7%2.34%1.39%1.0%89.0%10.8%
Axos Bank$28.87B2.1%43.1%0.44%0.09%1.1%100.5%9.7%
Cathay Bank$24.64B1.5%40.3%0.54%0.04%1.1%97.6%12.6%
Mechanics Bank$21.25B1.0%62.3%0.41%0.11%1.1%75.1%13.3%
Citizens Business Bank N.A.$21.18B1.0%52.9%0.14%0.00%1.1%73.2%14.7%
Bank of Hope$18.99B0.7%64.2%0.88%0.26%1.0%94.4%12.4%
Bank of America Ca N.A.$14.81B0.7%43.0%0.66%-0.02%0.1%76.7%13.1%
Farmers & Merchants Bank Long Be$11.77B1.0%60.6%0.01%-0.03%1.3%75.7%13.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Mechanics BankCohort median
20212026Change20212026Change
Loans$11.23B$13.58B+21%$12.51B$17.82B+42%
Deposits$15.98B$18.10B+13%$16.27B$19.61B+21%
NPA / loans0.45%0.41%-0.04 pts0.45%0.49%+0.05 pts
Efficiency55.7%62.3%+6.6 pts45.9%56.8%+10.9 pts
ROA1.07%1.01%-0.06 pts1.35%0.99%-0.36 pts

This read was prepared for Mechanics Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Mechanics Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort CA banks over $10B
Institution www.mechanicsbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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