Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 79

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 79
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 — — 773 Total collateral-dependent loans $ 4,134 $ 25,522 $ 4,587 $ 34,243 63

Nonaccrual and Past Due Loans The following table presents nonaccrual status for loans: At December 31, 2024 At December 31, 2023 (in thousands) Nonaccrual with no related ACL Total Nonaccrual Nonaccrual with no related ACL Total Nonaccrual CRE Non-owner occupied CRE $ 16,230 $ 16,230 $ 16,803 $ 16,803 Multifamily 1,915 1,915 — — Construction/land development CRE construction 3,821 3,821 3,821 3,821 Total 21,966 21,966 20,624 20,624 Commercial and industrial loans Owner occupied CRE 1,161 1,161 706 706 Commercial business 8,509 25,740 13,151 13,686 Total 9,670 26,901 13,857 14,392 Consumer loans Single family 1,106 2,990 773 2,650 Home equity and other — 3,137 — 1,310 Total 1,106 6,127 773 3,960 Total nonaccrual loans $ 32,742 $ 54,994 $ 35,254 $ 38,976 The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class: At December 31, 2024 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or more Nonaccrual Total past due and nonaccrual (1) Current Total loans CRE Non-owner occupied CRE $ — $ — $ — $ 16,230 $ 16,230 $ 554,520 $ 570,750 Multifamily — — — 1,915 1,915 2,990,760 2,992,675 Construction/land development Multifamily construction — — — — — 98,906 98,906 CRE construction — — — 3,821 3,821 7,217 11,038 Single family construction — — — — — 320,826 320,826 Single family construction to permanent — — — — — 41,970 41,970 Total — — — 21