Mechanics Bank is an FDIC insured institution headquartered at
2 S Main St, Mansfield, OH 44902.
Deposit Rates - November 19, 2024
SAVINGS RATES
APY
MIN
Savings
0.03% $2,500
Compare
CD RATES
APY
MIN
6 Mo CD
0.15% $10,000
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6 Mo CD
0.15% $100,000
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12 Mo CD
0.25% $10,000
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12 Mo CD
0.25% $100,000
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18 Mo CD
0.30% $10,000
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18 Mo CD
0.30% $100,000
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Special: 20 Mo CD
0.65% $500
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24 Mo CD
0.35% $10,000
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24 Mo CD
0.35% $100,000
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30 Mo CD
0.40% $10,000
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30 Mo CD
0.40% $100,000
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Special: 33 Mo CD
0.75% $500
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36 Mo CD
0.45% $10,000
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36 Mo CD
0.45% $100,000
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48 Mo CD
0.50% $10,000
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48 Mo CD
0.50% $100,000
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60 Mo CD
0.80% $10,000
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60 Mo CD
0.80% $100,000
Compare
MM RATES
APY
MIN
Money Market
0.05% $2,500
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Money Market
0.05% $10,000
Compare
Money Market
0.05% $25,000
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FIXED IRA RATES
APY
MIN
Special: 20 Mo FIRA
0.65% $100
Special: 33 Mo FIRA
0.75% $100
INT CHECKING RATES
APY
MIN
Int Ckg
0.03% $2,500
Loan Rates - November 19, 2024
AUTO LOAN RATES
APR(%)
MONTHLY PAYMENT
3 Year
4.24%
$740.77
4 Year
4.24%
$567.17
5 Year
4.24%
$463.13
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 29011
Date Established
1886
Assets
$ 820.51 million
Loans
$ 632.31 million
Deposits
$ 756.54 million
Capital
$ 61.21 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 54.05 million
Interest-bearing balances
$ 42.79 million
Total securities
$ 99.70 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 632.31 million
Loan loss allowance
$ 6.54 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
N.A.
All other assets
$ 8.44 million
Total Assets $ 759.31 million
LIABILITIES
Total deposits
$ 756.54 million
Interest-bearing deposits
$ 698.59 million
Deposits held in domestic offices
$ 756.54 million
% insured (estimated) 90.95%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 2.09 millionn
Total Liabilities $ 759.31 million
Shareholders’ Equity $ 61.21 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 15.83 million
Total Interest Expense
$ 5.08 million
Net interest income
$ 10.76 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 3.13 million
Total non interest expense
$ 11.32 million
Pre-tax Net Operating Income
$ 3.92 million
Customer Reviews for Mechanics Bank
Branches
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