Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 395

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 395
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 charged off during the period                                                                |     |        -12,217 |     |        -17,507 |
| Allowance for credit losses on loans and leases at the end of the period                                      |     |         75,515 |     |        120,828 |
| Allowance for credit losses on unfunded lending commitments at the beginning of the period                    |     |          4,366 |     |          4,314 |
| Provision of credit losses /(recapture) on unfunded lending commitments                                       |     |             94 |     |            505 |
| Allowance for credit losses on unfunded lending commitments at the end of the period                          |     |          4,460 |     |          4,819 |
| Total allowances for credit losses on loans, leases and unfunded lending commitments at the end of the period |     |        $79,975 |     |       $125,647 |

The allowance for credit losses on loans and leases is reflected in total assets as an offset to the loan and lease portfolio. The allowance for credit losses on unfunded lending commitments is reflected in total liabilities in the Interest Payable and Other Liabilities on the Consolidated Balance Sheets. There were no material changes to the methodologies for estimating credit losses for the periods presented. Disclosures related to the amortized cost in loans excludes accrued interest receivable. The amortized cost approximates the unpaid principal balance for these disclosures. For purposes of this disclosure, the unpaid principal balance is grossed up to exclude charge offs. Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the amortized cost in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of March 31, 2025 and December 31, 2024:

|                                 |     | At March 31, 2025 |     |            |     |             |
|:--------------------------------|:----|------------------:|:----|-----------:|:----|------------:|
| (in thousands)                  |     |        Nonaccrual 
           With No 
     Allowance for 
       Credit Loss |     |      Total 
 Nonaccrual |     |  Loans Past 
 Due 90 Days 
     or more 
       Still 
    Accruing |
| Commercial & Industrial         |