Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 45

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 45
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2025 and 2024 to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted:Significant Payment DelayQuarter Ended March 31,20252024(in thousands, except percentages)Amortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableMultifamily$1,915 0.07 %$— — %Commercial business— — %103 0.03 %Term ExtensionQuarter Ended March 31,20252024(in thousands, except percentages)Amortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableNon-owner occupied CRE$— — %$560 0.09 %Commercial business251 0.08 %3,555 0.92 %Significant Payment Delay and Term ExtensionQuarter Ended March 31,20252024(in thousands, except percentages)Amortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableCommercial business$1,160 0.39 %$— — %Single family274 0.03 %1,156 0.10 %

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The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:Significant Payment DelayQuarter Ended March 31,20252024MultifamilyThe weighted average duration of loan payments deferred is 1.8 years—Commercial businessThe weighted average duration of loan payments deferred is 5.1 yearsThe weighted average duration of loan payments deferred is 2.8 years.Single FamilyProvided payment deferrals to borrowers. A weighted average 4.7% of loan balances were capitalized and added to the remaining term of the loan.Provided payment deferrals to borrowers. A weighted average 2.5% of loan balances were capitalized and added to the remaining term of the loan.Term ExtensionQuarter Ended March 31,20252024Non-owner occupied CRE—Added a weighted average 0.25 years to the life of loans, which reduced the monthly payment amounts to the borrowers.Commercial businessAdded a weighted average 3.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers.Added a weighted average 0.4 years to the life of loans, which reduced