PackageTrendsPeer
Letter portraitLegal landscape

Mechanics Bank

Mansfield, OH · Cert 29011 · Mechanics Financial Corp.

State charter, non-member · FDIC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=573 to 620). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

42

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

37

Q2 2024Q2 2026peer median (50)

Liquidity

40

Q2 2024Q2 2026peer median

Efficiency

33

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Mechanics Bank

Mansfield, OH · Cert 29011 · Mechanics Financial Corp.

State charter, non-member · FDIC · 10 branches

Q2 2026

$896.4MAssets
$741.2MLoans
$790.2MDeposits
$70.1MEquity
Loan mix
97%RE $699.0M2%C&I $14.5M1%Consumer $5.3MQ2 2025Q2 2026
Deposit mix
93%Interest-bearing $731.4M7%Noninterest $58.9MQ2 2025Q2 2026

NIM

3.87%Q2 ’244.05%Q2 ’254.34%Q2 ’26+10%+9%

Non-interest income vs. expense

2.77%Q2 ’242.93%Q2 ’253.02%Q2 ’26+6%+3%

Market Position · Mansfield, OH · 2026 SOD (annual) · 31.3% share · #1 of 11 inst. · $0.8B of $2.5B

31.3% Richland
0.4% Ashland

Executive Summary

  • Earnings: ROA of 0.72%, up 11 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.42% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.44%, down 18 bps from a year ago.
  • Funding: loans stand at 93.79% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.72%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.18%+27 bps YoY

Efficiency Ratio (YTD, annualized)

75.34%-372 bps YoY

Tier 1 Leverage Ratio

8.44%-18 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.62%0.67%0.64%0.72%+11 bps
Return on Equity7.76%7.90%8.55%8.08%9.14%+138 bps
Net Interest Margin2.90%2.94%2.94%3.13%3.18%+27 bps
Efficiency Ratio79.06%78.85%77.70%77.07%75.34%-372 bps
Non-Interest Burden2.13%2.15%2.10%2.23%2.19%+6 bps
Growth
Asset Growth (YoY)0.05%2.73%6.33%8.26%9.20%+915 bps
Loan Growth (YoY)6.28%6.47%7.34%9.14%9.16%+289 bps
Deposit Growth (YoY)-0.66%-0.13%1.55%2.76%5.15%+580 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.38%0.34%0.33%0.42%+7 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.99%0.98%0.98%0.99%1.00%+1 bps
Allowance Coverage of NPLs2.8x2.6x2.9x3.0x2.4x-0.4x
Capital
Tier 1 Leverage Ratio8.63%8.59%8.58%8.56%8.44%-18 bps
Total Risk-Based Capital16.64%16.42%16.31%16.27%15.90%-74 bps
Equity / Assets8.00%7.90%7.90%7.91%7.82%-18 bps
Liquidity & Funding
Loans / Deposits90.34%91.57%92.64%94.12%93.79%+345 bps
Liquid Assets / Assets2.60%4.02%5.02%4.82%4.15%+155 bps
CRE / Total Capitaln/a71.24%79.37%78.18%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Mechanics Bank

Mansfield, OH · Cert 29011 · Peer group: banks under $1B in assets (n=573-620) · Mechanics Financial Corp.

State charter, non-member · FDIC · 10 branches

Q2 2026

$896.4MAssets
$741.2MLoans
$790.2MDeposits
$70.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 72% of banks under $1B in assets (rank 165 of 573).
  • Widest gap: equity / assets trails 90% of banks under $1B in assets (rank 555 of 620).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.71%

Rank 430 of 620

Net Interest Margin

3.18%

Rank 424 of 620

Efficiency Ratio

75.34%

Rank 416 of 620

Equity / Assets

7.82%

Rank 555 of 620

Non-interest income vs. expense

$7.3M$26.7MINCOMEEXPENSE
Unfavorable gap of $19.4M · efficiency ratio beats 33% of banks under $1B in assets
Bank 75.34%Peer median 68.1%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.71%0.60%1.00%1.45%Beats 31%430 / 620
Return on Equity9.08%5.30%9.30%13.29%Beats 48%323 / 620
Net Interest Margin3.18%3.02%3.53%4.04%Beats 32%424 / 620
Efficiency Ratio75.34%58.35%68.08%79.37%Beats 33%416 / 620
Asset Quality
Nonperforming Loans / Loans0.42%0.09%0.47%1.27%Beats 53%269 / 573
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 72%165 / 573
Capital
Tier 1 Capital Ratio14.65%11.27%13.87%18.78%Beats 56%274 / 620
Total Risk-Based Capital Ratio15.90%11.69%14.57%19.67%Beats 59%252 / 620
Equity / Assets7.82%9.03%10.60%13.73%Beats 10%555 / 620
Liquidity & Funding
Loans / Deposits93.79%65.08%79.69%92.47%77th pctl133 / 585
Loans / Assets82.68%51.85%67.17%77.86%88th pctl76 / 620
Brokered Deposits / Depositsn/aNot reported for this institution