Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 79

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 79
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-based capital (to risk-weighted assets)731,318 13.66 %428,206 8.0 %535,257 10.0 %

56

At December 31, 2024ActualFor Minimum CapitalAdequacy PurposesTo Be Categorized As"Well Capitalized" (dollars in thousands)AmountRatioAmountRatioAmountRatioHomeStreet, Inc.Tier 1 leverage capital (to average assets)$537,057 5.77 %$372,319 4.0 %NANACommon equity Tier 1 capital (to risk-weighted assets)477,057 8.62 %249,109 4.5 %NANATier 1 risk-based capital (to risk-weighted assets)537,057 9.70 %332,145 6.0 %NANATotal risk-based capital (to risk-weighted assets)677,225 12.23 %442,860 8.0 %NANAHomeStreet BankTier 1 leverage capital (to average assets) $678,869 7.30 %$372,132 4.0 %$465,165 5.0 %Common equity Tier 1 capital (to risk-weighted assets)678,869 12.27 %249,000 4.5 %359,667 6.5 %Tier 1 risk-based capital (to risk-weighted assets)678,869 12.27 %332,001 6.0 %442,667 8.0 %Total risk-based capital (to risk-weighted assets)720,498 13.02 %442,667 8.0 %553,334 10.0 %

As of the dates set forth in the above table, the Company exceeded the minimum required capital ratios applicable to it and the Bank’s capital ratios exceeded the minimums necessary to qualify as a well-capitalized depository institution under the prompt corrective action regulations. In addition to the minimum capital ratios, both HomeStreet Inc. and HomeStreet Bank are required to maintain a capital conservation buffer consisting of additional Common Equity Tier 1 Capital of more than 2.5% above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses. The required ratios for capital adequacy set forth in the above table do not include the