Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 42

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 42
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increase) in other assets 10,862 (44,386) Increase (decrease) in accounts payable and other liabilities (27,907) 37,698 Net cash provided by (used in) operating activities (45,921) 8,024 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of investment securities — (53,232) Proceeds from sale of investment securities — 4,693 Principal payments on investment securities 229,556 192,555 Proceeds from sale of OREO 126 2,972 Proceeds from sale of $990 million of multifamily loans 905,625 — Net decrease in LHFI, excluding sale of $990 million of multifamily loans 194,086 18,958 Purchases of premises and equipment (490) (3,811) Net cash received from acquisitions of branches — 327,901 Proceeds from sale of Federal Home Loan Bank stock 305,113 222,814 Purchases of Federal Home Loan Bank stock (300,496) (228,802) Net cash provided by investing activities 1,333,520 484,048 Years Ended December 31, (in thousands) 2024 2023 37

CASH FLOWS FROM FINANCING ACTIVITIES: Decrease in deposits, net $ (351,043) $ (1,065,463) Changes in short-term borrowings, net (100,000) 84,000 Proceeds from other long-term borrowings 510,000 1,180,000 Repayment of other long-term borrowings (1,155,452) (535,000) Repayment of finance lease principal (168) (456) Dividends paid on common stock — (12,317) Net cash used in financing activities (1,096,663) (349,236) Net increase in cash and cash equivalents 190,936 142,836 Cash and cash equivalents, beginning of year 215,664 72,828 Cash and cash equivalents, end of year $ 406,600 $ 215,664 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ 298,498 $ 217,132 Federal and state income taxes (net refunds) (637) (5,287) Non-cash activities: LHFI foreclosed and transferred to OREO — 3,576 Loans transferred from LHFI to LHFS, net