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Q2 2026 · read from the 30 June 2026 Call Report · United States · New England · Massachusetts, the state note

Mechanics Coop Bank

Taunton, Massachusetts · $899M in assets · beside the 11 other Massachusetts banks between $300M and $1B

The filing

109.8%
Loans / deposits
12th of 12
0.03%
NPA / loans
1st of 12
1.24%
ROA
1st of 12

Mechanics Coop Bank is the fifth largest of the 12 Massachusetts banks nearest its size between $300M and $1B, with $899M in assets at 30 June 2026. Loans are 109.8% of deposits, the highest in the cohort against a median of 89.5%, and equity is 13.2% of assets, 2nd of 12. Loans grew +7.0% in the year, 4th of 12, and deposits grew 3.4%; the cohort's median loan growth is +5.4%.

Noncurrent loans are 0.03% of the book, the lowest in the cohort against a median of 0.38%; 0.08% is 30 to 89 days past due, and the allowance covers them 25.4 times. Commercial real estate is 48.3% of loans, 10th of 12 against a median of 34.8%, and 314% of capital, above the 300% screen, with construction at 97% against the 100% screen. CRE has grown +83.9% over 36 months, past the guidance's 50% prong.

Return on assets is 1.24%, the highest in the cohort against a median of 0.50%, on an efficiency ratio of 61.5%, the lowest in the cohort. Five years ago it was 1.22%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 11.5% of loans).

Loans as a share of depositsMA banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 89.5% GC Greenfield Coop Bank 69.7% Bo Bank of Canton 81.4% SB Savings Bank 84.2% RB Rollstone Bank & Trust 85.4% MS Monson Savings Bank 88.4% CS Clinton Savings Bank 89.1% WC Winchester Coop Bank 89.9% SA Stonehambank A Coop Bank 93.0% EB Eagle Bank 95.0% CH Coastal Heritage Bank 95.6% SC Savers Coop Bank 108.9% MC Mechanics Coop Bank 109.8%
Loans, year over yearMA banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +5.4% EB Eagle Bank +14.6% GC Greenfield Coop Bank +7.9% MS Monson Savings Bank +7.3% MC Mechanics Coop Bank +7.0% WC Winchester Coop Bank +6.8% SB Savings Bank +6.0% SA Stonehambank A Coop Bank +4.8% Bo Bank of Canton +2.6% SC Savers Coop Bank -0.5% CS Clinton Savings Bank -2.5% CH Coastal Heritage Bank -3.3% RB Rollstone Bank & Trust -12.9%

SBA 7(a), FY2008 to FY2026

Mechanics Coop Bank is the 43rd largest 7(a) lender into Massachusetts of 309, with $26M across 140 loans, 0.4% of everything approved in the state (Eastern Bank leads with $778M). 8 of its 10 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Massachusetts, 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
Bristol, MA$14M8th of 1123.0%-2.3 pts
Plymouth, MA$8M13th of 1071.4%+1.4 pts
Norfolk, MA$3M54th of 1450.4%quiet FY2021
Providence, RI$858K58th of 990.1%quiet FY2022
Kent, RI$700K43rd of 640.3%quiet FY2021
Middlesex, MA$327K157th of 1900.0%quiet FY2016
Bristol, RI$280K31st of 410.5%quiet FY2013
Worcester, MA$150K123rd of 1400.0%quiet FY2009
Newport, RI$150K43rd of 480.1%quiet FY2017
Barnstable, MA$40K81st of 840.0%quiet FY2010
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
Accommodation & food services30$5M19.8%0.01%783rd of 2,596
Retail trade26$5M18.7%0.01%716th of 2,589
Professional & technical services11$3M12.1%0.01%571st of 1,955
Administrative & waste services16$3M9.9%0.02%469th of 1,763
Construction18$2M7.7%0.01%897th of 2,063
7(a) lenders into Massachusetts, share of approvals since FY2008309 lenders on record; the ten largest and Mechanics Coop Bank
EB Eastern Bank 12.2% $778M · 8,606 loans LO Live Oak Banking Company 6.9% $442M · 354 loans RT Rockland Trust Company 6.7% $426M · 1,996 loans TB TD Bank, National Association 4.6% $295M · 2,208 loans CB Citizens Bank, National Associati… 4.1% $261M · 1,649 loans BB Beacon Bank and Trust 3.8% $246M · 1,377 loans WB Webster Bank National Association 3.1% $202M · 579 loans SF Salem Five Cents Savings Bank 2.8% $179M · 667 loans Ma Manufacturers and Traders Trust C… 2.2% $142M · 794 loans LB Leader Bank, National Association 2.0% $126M · 675 loans MC Mechanics Cooperative Bank 0.4% $26M · 140 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 7 CBLR filers; owner-occupied excluded; bold marks a screen met
Mechanics Coop BankRankCohort median
Total CRE against capital, the 300% screen314%9th of 12245%
Construction against capital, the 100% screen97%12th of 1250%
Construction and land development, share of loans15.0%12th of 127.1%
Non-owner-occupied nonfarm nonresidential, share of loans22.8%8th of 1216.1%
Total CRE, the guidance definition, share of loans48.3%10th of 1234.8%
CRE growth over 36 months, the third prong+83.9%12th of 12+17.8%

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
Coastal Heritage Bank$984M0.4%83.1%0.60%0.00%1.1%95.6%11.0%
Winchester Coop Bank$947M0.6%66.1%0.43%0.00%0.4%89.9%11.6%
Stonehambank A Coop Bank$918M0.5%75.7%0.32%0.00%1.0%93.0%7.7%
Greenfield Coop Bank$902M0.6%76.8%0.72%0.00%1.0%69.7%10.9%
Mechanics Coop Bank$899M1.2%61.5%0.03%0.00%0.9%109.8%13.2%
Savings Bank$891M0.4%94.4%0.17%0.00%0.8%84.2%9.4%
Rollstone Bank & Trust$816M0.1%99.1%0.20%0.00%0.9%85.4%8.6%
Monson Savings Bank$806M0.9%66.4%0.23%0.01%0.7%88.4%9.4%
Savers Coop Bank$783M0.7%70.9%3.64%0.04%1.4%108.9%10.4%
Bank of Canton$783M0.5%73.9%0.90%-0.01%1.3%81.4%14.6%
Clinton Savings Bank$745M0.3%93.2%0.50%0.66%1.2%89.1%8.0%
Eagle Bank$709M0.3%84.1%0.04%0.00%0.9%95.0%9.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Mechanics Coop BankCohort median
20212026Change20212026Change
Loans$534M$746M+40%$482M$625M+30%
Deposits$543M$680M+25%$580M$701M+21%
NPA / loans0.03%0.03%+0.01 pts0.41%0.38%-0.04 pts
Efficiency58.1%61.5%+3.4 pts75.1%76.2%+1.2 pts
ROA1.22%1.24%+0.02 pts0.66%0.50%-0.16 pts

This read was prepared for Mechanics Coop 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 Coop 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 MA banks $300M to $1B
Institution www.mechanics.bank

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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