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Mechanics Bank

OTCPK:MCHB
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCHB
OTCPK
$909M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Mechanics Bank, together with its subsidiaries, provides various banking products and services for individuals and businesses in the state of California. The last earnings update was 78 days ago. More info.


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MCHB Share Price and Events
7 Day Returns
-2.8%
OTCPK:MCHB
-5.2%
US Banks
-3.1%
US Market
1 Year Returns
-2.2%
OTCPK:MCHB
-16.1%
US Banks
-1.7%
US Market
MCHB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mechanics Bank (MCHB) -2.8% 15.8% 14.6% -2.2% 21.1% 91.9%
US Banks -5.2% -7.8% -5.8% -16.1% 29.4% 33.3%
US Market -3.1% -5.3% -1.2% -1.7% 28.2% 35%
1 Year Return vs Industry and Market
  • MCHB outperformed the Banks industry which returned -16.1% over the past year.
  • MCHB matched the United States of America Market (-1.7%) over the past year.
Price Volatility
MCHB
Industry
5yr Volatility vs Market

MCHB Value

 Is Mechanics Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mechanics Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mechanics Bank.

OTCPK:MCHB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $28,681.04 * 4.2%
$1,191.12
Book Value of Equity per Share Median Book Value from the past 5 years. $28,681.04
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MCHB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 21%) (45.15%))
0.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.838 * 5.96%)
7.73%

Discounted Cash Flow Calculation for OTCPK:MCHB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mechanics Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:MCHB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.2% – 7.73%) * $28,681.04)
$-1,024.65
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1,024.65 / (7.73% - 2.73%)
$-20,511.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $28,681.04 + $-20,511.17
$8169.87
OTCPK:MCHB Discount to Share Price
Calculation Result
Value per share (USD) From above. $8,169.87
Current discount Discount to share price of $33,000.00
= -1 x ($33,000.00 - $8,169.87) / $8,169.87
-303.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mechanics Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mechanics Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mechanics Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MCHB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1,887.90
OTCPK:MCHB Share Price ** OTCPK (2019-08-15) in USD $33000
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.2x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mechanics Bank.

OTCPK:MCHB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:MCHB Share Price ÷ EPS (both in USD)

= 33000 ÷ 1,887.90

17.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechanics Bank is overvalued based on earnings compared to the US Banks industry average.
  • Mechanics Bank is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mechanics Bank's expected growth come at a high price?
Raw Data
OTCPK:MCHB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mechanics Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mechanics Bank's assets?
Raw Data
OTCPK:MCHB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $30,959.89
OTCPK:MCHB Share Price * OTCPK (2019-08-15) in USD $33000
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,261 Publicly-Listed Companies 1.67x
OTCPK:MCHB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:MCHB Share Price ÷ Book Value per Share (both in USD)

= 33000 ÷ 30,959.89

1.07x

* Primary Listing of Mechanics Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechanics Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Mechanics Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Mechanics Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MCHB Future Performance

 How is Mechanics Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mechanics Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mechanics Bank expected to grow at an attractive rate?
  • Mechanics Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mechanics Bank's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Mechanics Bank's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MCHB Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MCHB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MCHB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MCHB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 256 38 52
2017-12-31 244 234 32
2016-12-31 171 -427 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mechanics Bank's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Mechanics Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MCHB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mechanics Bank Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MCHB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1,887.90
2017-12-31 1,155.54
2016-12-31 1,577.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mechanics Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mechanics Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mechanics Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MCHB Past Performance

  How has Mechanics Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mechanics Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mechanics Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Mechanics Bank's 1-year earnings growth exceeds its 5-year average (63.4% vs 17.3%)
  • Mechanics Bank's earnings growth has exceeded the US Banks industry average in the past year (63.4% vs 33.2%).
Earnings and Revenue History
Mechanics Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mechanics Bank Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MCHB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 256.00 52.01 130.95
2017-12-31 244.16 31.83 132.58
2016-12-31 170.83 33.80 83.78
2015-12-31 126.25 19.45 61.19
2014-12-31 138.55 25.42 69.00
2013-12-31 135.71 21.56 78.67
2012-12-31 146.03 22.35 80.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mechanics Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mechanics Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Mechanics Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mechanics Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mechanics Bank has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MCHB Health

 How is Mechanics Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Mechanics Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mechanics Bank Company Filings, last reported 7 months ago.

OTCPK:MCHB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 852.88 410.42 183.04
2017-12-31 804.74 581.53 167.33
2016-12-31 775.47 296.77 159.61
2015-12-31 526.77 84.90 128.69
2014-12-31 331.35 33.10 188.69
2013-12-31 299.16 75.33 339.55
2012-12-31 308.23 57.40 144.39
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Mechanics Bank has an acceptable proportion of non-loan assets held.
  • Mechanics Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Mechanics Bank are broadly funded by customer deposits.
  • Mechanics Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Mechanics Bank has a sufficient allowance for bad loans.
  • Mechanics Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Mechanics Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mechanics Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MCHB Dividends

 What is Mechanics Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mechanics Bank dividends.
If you bought $2,000 of Mechanics Bank shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mechanics Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mechanics Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MCHB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MCHB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-04-16 440.000 1.589
2014-04-01 440.000 2.219
2013-03-20 440.000 3.303
2012-03-21 440.000 3.914
2012-03-06 440.000 3.826
2011-03-03 440.000 3.712
2010-03-17 540.000 4.332
2009-01-12 340.000 3.042

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mechanics Bank has not reported any payouts.
  • Unable to verify if Mechanics Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mechanics Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mechanics Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mechanics Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mechanics Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mechanics Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MCHB Management

 What is the CEO of Mechanics Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John DeCero
AGE 53
TENURE AS CEO 2.8 years
CEO Bio

Mr. John W. DeCero has been Chief Executive Officer and President of Mechanics Bank since October 01, 2016. Mr. DeCero served as the President at California Republic Bancorp. and California Republic Bank since November 22, 2007. Previously, he built the successful Commercial Banking Group of Western Financial Bank for nearly 10 years prior to its sale to Wachovia. Previously, he was employed at CitiCorp. and Comerica Bank. He has been a Director of Mechanics Bank since October 01, 2016. He served as an Inside Director of California Republic Bancorp. He served as a Director of California Republic Bank. His affiliations consist of: OCCAPC, SCR, The Arts Orange County, Orange County Forum Member; Orange Council Business Council Member, Edinger Corridor Redevelopment Committee Member.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

John DeCero

TITLE
President
AGE
53
TENURE
2.8 yrs

Nathan Duda

TITLE
Executive VP & CFO
AGE
40
TENURE
3.6 yrs

Chris Pierce

TITLE
Executive VP & Chief Administrative Officer

Glenn Shrader

TITLE
Executive VP & General Counsel

Kristie Shields

TITLE
Executive VP and Chief Compliance Counsel & Risk Officer

Gary Staring

TITLE
Senior Vice President

Rauly Butler

TITLE
Executive VP & Director of Retail Banking

Pamela Tulley

TITLE
Senior VP & Director of Internal Audit

David Wissinger

TITLE
Senior Vice President

Fernando Buesa

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the Mechanics Bank board of directors in years:

4.6
Average Tenure
63
Average Age
  • The tenure for the Mechanics Bank board of directors is about average.
Board of Directors

Carl Webb

TITLE
Chairman of the Board
AGE
69
TENURE
4.6 yrs

John DeCero

TITLE
President
AGE
53
TENURE
2.8 yrs

Edward Downer

TITLE
Vice Chairman of the Board
AGE
54
TENURE
1.6 yrs

Patricia Cochran-Bergman

TITLE
Director
TENURE
12.3 yrs

Adrienne Crowe

TITLE
Director
TENURE
6.1 yrs

Meheriar Hasan

TITLE
Director
TENURE
6.1 yrs

Doug Downer

TITLE
Director
TENURE
6.6 yrs

Jerry Ford

TITLE
Director
AGE
75
TENURE
4.6 yrs

Ken Russell

TITLE
Director
AGE
71
TENURE
4.6 yrs

Jon Wilcox

TITLE
Director
AGE
57
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Mechanics Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mechanics Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MCHB News

Simply Wall St News

MCHB Company Info

Description

Mechanics Bank, together with its subsidiaries, provides various banking products and services for individuals and businesses in the state of California. The company offers demand deposits, interest bearing transaction accounts, savings accounts, time deposits, and certificates of deposit; and commercial and industrial, commercial real estate, residential real estate, auto, installment, and consumer loans, as well as lease financing. It also engages in the origination, securitization, and servicing of new and preowned retail automobile sales contracts from franchised and independent automobile dealerships. The company operates 43 branch offices in California and 1 in Medford, Oregon. Mechanics Bank was founded in 1905 and is headquartered in Walnut Creek, California.

Details
Name: Mechanics Bank
MCHB
Exchange: OTCPK
Founded: 1905
$909,084,000
27,548
Website: http://www.mechanicsbank.com
Address: Mechanics Bank
1111 Civic Drive,
Suite 385 & 333,
Walnut Creek,
California, 94596,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK MCHB Common Stock Pink Sheets LLC US USD 15. Mar 1994
Number of employees
Current staff
Staff numbers
0
Mechanics Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 23:40
End of day share price update: 2019/08/15 00:00
Last earnings filing: 2019/05/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.