Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 40

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 40
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1 — — — 474 62 566 60-89 days — 3 4 — — — 626 — 633 90+ days— — — — — 10 1,127 6 1,143 Total1,631 943 1,533 126 85 1,942 401,758 4,517 412,535 Total consumer portfolio (1)$2,197 $31,883 $380,598 $304,046 $139,244 $257,387 $401,758 $4,517 $1,521,630 Total LHFI$163,704 $238,834 $2,275,837 $1,102,301 $591,778 $1,161,583 $692,476 $5,283 $6,231,796 (1)    Includes $1.3 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.The following tables present a vintage analysis of the commercial and consumer portfolio segment by loan sub-class and gross charge-offs:At March 31, 2025(in thousands)202520242023202220212020 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIOCommercial businessGross charge-offs$— $— $— $(21)$— $— $— $— $(21)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— — (3)— — — (37)— (40)Total LHFI$— $— $(3)$(21)$— $— $(37)$— $(61)At December 31, 2024(in thousands)202420232022202120202019 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIOCommercial businessGross charge-offs$— $— $(276)$(473)$(1,077)$(1,098)$(39)$— $(2,963)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— (24)(16)(1)— — (137)— (178)Total LHFI$—