Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 17

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 17
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957 724,732 Home equity and other 1 95 384,205 384,301 7,794 376,506 Total 591 1,131 1,522,858 1,524,580 422,751 1,101,238 Total LHFI $ 692,324 $ 564,431 $ 6,166,149 $ 7,422,904 $ 783,819 $ 5,946,761 Loan Roll-forward Years Ended December 31, (in thousands) 2024 2023 Loans - beginning balance January 1, $ 7,422,904 $ 7,426,320 Originations and advances 1,128,733 1,300,571 Transfers to LHFS (1,170) (2,507) Loans sold (994,243) — Payoffs, paydowns and other (1,321,782) (1,296,786) Charge-offs and transfers to OREO (2,646) (4,694) Loans - ending balance December 31, $ 6,231,796 $ 7,422,904 16

Loan Originations and Advances Years Ended December 31, (in thousands) 2024 2023 CRE Non-owner occupied CRE $ 2,141 $ 20,025 Multifamily 146,654 129,712 Construction/land development 593,209 620,580 Total 742,004 770,317 Commercial and industrial loans Owner occupied CRE 5,652 25,880 Commercial business 142,277 127,790 Total 147,929 153,670 Consumer loans Single family 87,125 232,115 Home equity and other 151,675 144,469 Total 238,800 376,584 Total $ 1,128,733 $ 1,300,571 Production Volumes for Sale to the Secondary Market Years Ended December 31, (in thousands) 2024 2023 Loan originations Single family loans $ 413,983 $ 332,811 Commercial and industrial and CRE loans 107,352 30,061 Loans sold Single family loans 404,952 335,751 Commercial and industrial and CRE loans (1) 1,103,742 26,839 Net gain (loss) on loan origination and sale activities Single family loans $ 9,573 $ 8,500 Commercial and industrial and CRE loans (2