Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 39

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 39
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30, 2025(in thousands)Significant Payment DelayTerm ExtensionInterest Rate Reduction and Term ExtensionSignificant Payment Delay and Term ExtensionInterest Rate Reduction, Significant Payment Delay and Term ExtensionOwner occupied CRE$— $— $— $254 $— Single family— — — 203 — Total$— $— $— $457 $— 

27

The following table provides the amortized cost basis as of June 30, 2024 of MBFDs on or after April 1, 2023 through March 31, 2024 and subsequently had a payment default: Amortized Cost Basis of Modified Loans That Subsequently Defaulted Quarter Ended June 30, 2024(in thousands)Significant Payment DelayTerm ExtensionInterest Rate Reduction and Term ExtensionSignificant Payment Delay and Term ExtensionInterest Rate Reduction, Significant Payment Delay and Term ExtensionCommercial business$— $2,708 $— $— $— Single family833 — — — — Total$833 $2,708 $— $— $— The following table provides the amortized cost basis as of June 30, 2025 of MBFDs on or after April 1, 2024 through March 31, 2025 and subsequently had a payment default: Amortized Cost Basis of Modified Loans That Subsequently DefaultedSix Months Ended June 30, 2025(in thousands)Significant Payment DelayTerm ExtensionInterest Rate Reduction and Term ExtensionSignificant Payment Delay and Term ExtensionInterest Rate Reduction, Significant Payment Delay and Term ExtensionOwner occupied CRE$— $— $— $254 $— Single family— — — 378 — Total$— $— $— $632 $— The following table provides the amortized cost basis as of June 30, 2024 of MBFDs on or after April 1, 2023 through March 31, 2024 and subsequently had a payment default: Amortized Cost Basis of Modified Loans That Subsequently DefaultedSix Months Ended June 30, 2024(in thousands)Significant Payment DelayTerm ExtensionInterest Rate Reduction and Term ExtensionSignificant Payment Delay and Term ExtensionInterest Rate Reduction, Significant Payment Delay and Term ExtensionNon-owner occupied CRE$— $— $— $16,240 $— Construction/land development—