MCHB fundamentals

Mechanics Bank engages in the provision of financial services. It offers personal banking, business banking, trust and estate services, brokerage, and wealth management services. It operates through the following segments: Commercial and Industrial, Commercial Real Estate, Residential Real Estate, Auto, and Installment and Lease Financing. The Commercial and Industrial segment depends on the performance of a business enterprise, which can range from a small, sole proprietor operation to large multinational corporations. The Commercial Real Estate segment primary source of repayment for CRE loans is net operating income from the property or properties that secure the loan. The Residential Real Estate segment depends on the loan to value ratio and the debt to borrower’s income ratio. The Auto segment identifies internal and external risk factors for auto loans. The Installment and Lease Financing segment identifies internal risk factors for installment loans and finance leases. The company was founded by Edward M. Downer Sr. in 1905 and is headquartered in Walnut Creek, CA.