At a glance
From its website, read 2 Nov 2026Mechanics and Farmers Bank is a bank or thrift based in Durham, North Carolina. Its website describes auto loans, personal loans and SBA-backed loans.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.mfbonline.com |
|---|---|
| Office (official list) | 2634 Durham Chapel Hill Blvd, Durham, NC 27707 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 18 Jan 2022 |
| RSSD ID | 332224 |
| Address | 2634 Durham Chapel Hill Blvd, Durham, NC 27707 Directions (Google Maps) |
| Website | www.mfbonline.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 1 page of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: low. Only the home page was fetched, and it says little about loan terms, amounts or service area. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Whether you’re seeking a credit card, personal loan, auto loan, or want to access the equity in your home, our local bankers are here to guide you through the process. | source |
| Personal / consumer loans | — | Whether you’re seeking a credit card, personal loan, auto loan, or want to access the equity in your home, our local bankers are here to guide you through the process. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | SBA Loans | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (1)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your auto loans and personal loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your SBA-backed loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - What documents will you need from me, and how long does a decision usually take?
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$5.6 million in 13 awards from the U.S. Treasury's CDFI Fund, 2002–2024 (Bank Enterprise Award Program; CDFI Equitable Recovery Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $280,369 |
| 2023 | Bank Enterprise Award Program | $422,758 |
| 2022 | CDFI Equitable Recovery Program | $2,478,839 |
| 2021 | Bank Enterprise Award Program | $170,699 |
| 2020 | Bank Enterprise Award Program | $202,898 |
| 2019 | Bank Enterprise Award Program | $43,740 |
| 2018 | Bank Enterprise Award Program | $133,380 |
| 2017 | Bank Enterprise Award Program | $233,389 |
| 2016 | Bank Enterprise Award Program | $227,282 |
| 2014 | Bank Enterprise Award Program | $355,000 |
| 2013 | Bank Enterprise Award Program | $323,000 |
| 2004 | Bank Enterprise Award Program | $439,249 |
| 2002 | Bank Enterprise Award Program | $297,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as Mechanics & Farmers Bank (FDIC cert 12266). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $476 million (as of 30 Jun 2026) |
|---|---|
| Offices | 7 (as of 30 Oct 2026) |
Offices by state and county (7)
North Carolina (7 offices)
- Durham County (2): 116 W Parrish St, Durham 27701 (main office); 2705 Chapel Hill Blvd, Durham 27707
- Forsyth County (1): 770 M.L. King Blvd., Winston Salem 27101
- Guilford County (1): 100 S Murrow Blvd, Greensboro 27401
- Mecklenburg County (1): 101 Beatties Ford Rd, Charlotte 28216
- Wake County (2): 13 E Hargett St, Raleigh 27601; 1824 Rock Quarry Rd, Raleigh 27610
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by Mechanics & Farmers Bank (RSSD 332224, FDIC cert 12266). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $276.4 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Down 2.3% from $283.1 million on 30 Jun 2025 |
| Total assets | $476 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $30.7 million | 11.1% |
| Home equity lines of credit | $14.6 million | 5.3% |
| Commercial real estate, construction and multifamily | $170.8 million | 61.8% |
| Commercial and industrial (business) loans | $50.5 million | 18.3% |
| Farmland and farm production loans | $1.5 million | 0.5% |
| Consumer loans (credit cards, auto, other) | $8.1 million | 2.9% |
| All other loans and leases | $281,000 | 0.1% |
Within consumer loans: auto loans $64,000.
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 44 loans $2.3 million | 77 loans $2.1 million |
| $100,001 to $250,000 | 81 loans $12.5 million | 67 loans $6.9 million |
| $250,001 to $1 million | 115 loans $46.3 million | 46 loans $13.6 million |
| All small business loans | 240 loans $61.1 million | 190 loans $22.6 million |
Small farm loans (original amount $500,000 or less, balances on 30 Jun 2026)
| Original loan amount | Secured by farmland | Farm production |
|---|---|---|
| Up to $100,000 | none reported | 1 loan $25,000 |
| $100,001 to $250,000 | none reported | 2 loans $232,000 |
| $250,001 to $500,000 | none reported | none reported |
| All small farm loans | none reported | 3 loans $257,000 |
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $390,000 (92 loans) | All 7(a) lenders in North Carolina: $350,000. Larger than the median loan of 84% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| Variable-rate 7(a) loans: rate over prime at approval, FY2024–26 | median 3 pts, half between 2.75 pts and 3 pts (45 loans; 20% at the SBA maximum) | All lenders in North Carolina: median 2.75 pts, 11% at the maximum (3,741 loans). |
| SBA approvals, FY2023–24 → FY2025–26 | 21 → 35 | Rank among the 8 certified CDFIs in North Carolina with SBA approvals in either period: 3 → 2. |
| Total assets (Call Report, 30 Jun 2026) | $476 million | Larger than 60% of the 321 other certified banks and bank holding companies nationwide (median $381.4 million). |
| Loans as a share of assets | 58% | Median of the same 321 banks and bank holding companies: 68%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $283.1 million → $276.4 million (-2%) | Median change of 321 other certified banks and bank holding companies nationwide: +7%. Rank by loans held among these 322: 136 → 147. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 84% |
| Rate over prime | all variable-rate 7(a) loans in North Carolina, FY2024–26 | 3,741 | median 3 pts vs 2.75 pts |
| SBA approvals then vs now | certified CDFIs in North Carolina with SBA approvals FY2023–2026 | 7 | rank 3 → 2 of 8 |
| Call Report total assets | other certified banks and bank holding companies nationwide | 321 | larger than 60% |
| Loans held then vs now | certified banks and bank holding companies nationwide reporting both dates | 321 | rank 136 → 147 of 322 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 95 SBA-backed approvals for Mechanics and Farmers Bank in fiscal years 2020–2026 (October 2019 to September 2026):
- 92 7(a) loans as the lender: $57.3M in total (gross amount approved), median $390,000
- 3 504 projects as the third-party (first-lien) lender: $950,000 in total (its own third-party loan amount), median $350,000
By fiscal year: FY2020 14 · FY2021 16 · FY2022 9 · FY2023 10 · FY2024 11 · FY2025 22 · FY2026 13.
What actually happened
- Size of its 7(a) loans: half were between $225,250 and $766,250, median $390,000 (92 loans)
- Term of its 7(a) loans: median 120 months (10 years) (92 loans)
- Interest rate at approval on its 7(a) loans in FY2025–26: median 10.50%, half between 9.75% and 10.50% (35 loans; SBA's initial rate, before any change on a variable loan)
- Fixed or variable: 3% of its 7(a) loans had a fixed rate (92 loans)
- Young businesses: 21% of its 7(a) loans went to a startup or a business two years old or less (92 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (92, 97%)
- 504 projects (as the third-party lender) (3, 3%)
Borrower industries
NAICS sector, 3 or more loans.
- Finance and insurance (31)
- Accommodation and food services (10)
- Administrative and support and waste management services (9)
- Other services (except public administration) (9)
- Health care and social assistance (8)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
How this lender was matched in the SBA files: FDIC cert 12266, found through the RSSD ID on the CDFI Fund list (SBA lists “Mechanics and Farmers Bank”); 504 third-party lender name: same name, state and city (SBA lists “Mechanics and Farmers Bank”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Mechanics and Farmers Bank may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Durham and North Carolina
- Institute Capital, Inc.Loan fund · Durham, NCAffordable housing development loans, Small-business loansVerified
- Latino Community Credit UnionCredit union · Durham, NCAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- SELF-HELP CREDIT UNIONCredit union · Durham, NCOfficial list only
- Self-Help Federal Credit UnionCredit union · Durham, NCVerified
- Self-Help Ventures FundLoan fund · Durham, NCOfficial list only
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