Applications / Mortgage Analytics / Lenders / California / Mechanics Bank
Walnut Creek, CA · State non-member bank · FDIC · $22.4 billion assets · 963 loans in 2025
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963
loans originated, 2025
1,585
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Mechanics Bank more than doubled its originations in 2025, the year it merged with HomeStreet Bank, and it is a large-loan lender: a third of its loans were jumbo, against a few percent at similar banks.
Originations rose 137% to 963, higher than almost all similar lenders (state non-member banks making between half and twice as many loans), whose typical growth was 10%. It merged with HomeStreet Bank in 2025; the merger may account for much of the rise. Its shares rose to 0.3% in San Jose-Sunnyvale-Santa Clara and Missoula and to 0.6% in Lubbock.
34.6% of its loans were jumbo (larger than the conforming limit), against 2.2% at similar lenders, and its typical loan was $585,000, against $195,000; both are among the highest of its peers.
14.9% of its loans went to low- and moderate-income (LMI) borrowers, against 26.7% at similar lenders, lower than about nine in ten of them and down from 27.9% a year earlier. A lender making large loans may serve fewer LMI households, and the merger may have changed its mix. 35.8% of its loans were in majority-minority neighbourhoods, against 7.0%.
It bought 90 loans in 2025, where the typical peer bought none, down from 156 a year earlier and 470 five years before.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Mechanics Bank took 1,585 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 52.8% · Refinance 22.7% · Home improvement 13.5% · Other 11.0%
Conventional 99.1% · FHA 0.7% · VA 0.2% · of 963 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 724 | 75.2% |
| Washington | 196 | 20.4% |
| Oregon | 30 | 3.1% |
| Hawaii | 6 | 0.6% |
| Idaho | 2 | 0.2% |
| Nevada | 2 | 0.2% |
| Texas | 2 | 0.2% |
| Montana | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Oakland-Fremont-Berkeley | 169 |
| Los Angeles-Long Beach-Glendale | 90 |
| Seattle-Bellevue-Kent | 83 |
| San Francisco-San Mateo-Redwood City | 72 |
| San Jose-Sunnyvale-Santa Clara | 58 |
| Portland-Vancouver-Hillsboro | 52 |
| San Diego-Chula Vista-Carlsbad | 44 |
| San Luis Obispo-Paso Robles | 34 |
| Salinas | 27 |
| San Rafael | 27 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TF1E42EUFBSL45 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 936462 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 31768 | 1990–2017 |
Established 1 January 1905. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Mechanics Bank's data.
Mechanics Bank's data
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