Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 394

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 394
---
 Installment |     |    Total |
|:------------------------------------------------|:----|-------------:|:----|------------:|:----|------------:|:----|--------:|:----|------------:|:----|---------:|
| Allowance for credit losses on loans and leases |     |              |     |             |     |             |     |         |     |             |     |          |
| Beginning balance                               |     |       $5,805 |     |     $31,486 |     |      $6,745 |     | $87,053 |     |      $2,689 |     | $133,778 |
| Provision/ (reversal) for credit losses         |     |         -773 |     |       2,911 |     |        -103 |     |  -4,114 |     |       1,483 |     |     -596 |
| Loans charged off                               |     |          -24 |     |           — |     |         -10 |     | -16,415 |     |      -1,058 |     |  -17,507 |
| Recoveries                                      |     |          906 |     |           — |     |           — |     |   4,079 |     |         168 |     |    5,153 |
| Total ending allowance balance                  |     |       $5,914 |     |     $34,397 |     |      $6,632 |     | $70,603 |     |      $3,282 |     | $120,828 |

F-60

TABLE OF CONTENTS

Changes in the allowance for credit losses for the quarters ended March 31, 2025 and 2024:

| (in thousands)                                                                                                |     |  Quarter Ended 
 March 31, 2025 |     |  Quarter Ended 
 March 31, 2024 |
|:--------------------------------------------------------------------------------------------------------------|:----|---------------:|:----|---------------:|
| Allowance for credit losses on loans and leases at the beginning of the period                                |     |        $88,558 |     |       $133,778 |
| Provision/ (reversal) for credit losses on loans and leases                                                   |     |         -3,752 |     |           -596 |
| Recoveries on loans and leases previously charged off                                                         |     |          2,926 |     |          5,153 |
| Loans and leases