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BankHealth

MECHANICS COOP BANK

TAUNTON, MASSACHUSETTS · FDIC Cert #26634

B
Health Score
77/100
$774M
Total Assets
$598M
Total Deposits
16.93%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, MECHANICS COOP BANK holds a Tier 1 capital ratio of 16.93%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning MECHANICS COOP BANK has a strong buffer to absorb potential losses.

Key Financial Metrics

0.04%
Nonperforming Loans
Low — healthy loan portfolio
11.12%
Liquidity Ratio
Adequate liquidity
1.11%
Return on Assets
Profitable — earning well on assets
$598M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

MECHANICS COOP BANK shows strong financial health indicators. With $774M in assets and a Health Score of 77/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.

Frequently Asked Questions

MECHANICS COOP BANK has a Bank Health Score of B (77/100). It holds a Tier 1 capital ratio of 16.93%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.

MECHANICS COOP BANK holds $774M in total assets and $598M in total deposits. It is located in TAUNTON, MASSACHUSETTS (FDIC Certificate #26634).

MECHANICS COOP BANK has a Tier 1 capital ratio of 16.93%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.04%, and the return on assets is 1.11%.

Yes. MECHANICS COOP BANK is FDIC-insured (Certificate #26634). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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