Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 172

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 172
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490,112 |
| Less: goodwill and other intangible assets                              |     |            |     |               |     |      879,280 |     |      882,049 |
| Total tangible assets                                                   |     | -n         |     |               |     |  $15,661,037 |     |  $15,608,063 |
| Common equity ratio                                                     |     | -k) / (m   |     |               |     |       14.35% |     |       13.96% |
| Tangible common equity ratio (non-GAAP)                                 |     | -l) / (n   |     |               |     |        9.54% |     |        9.10% |

| (1) | Effective tax rate of 28.5% used in computations above. |

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TABLE OF CONTENTS

MECHANICS EXECUTIVE COMPENSATION; DIRECTORS AND EXECUTIVE OFFICERS Certain of Mechanics’ executive officers for the year ended December 31, 2024, who will serve as executive officers of the combined company following the consummation of the merger are referred to in this section as Mechanics’ “named executive officers,” or “NEOs” as is Mechanics’ former CEO who retired in February, 2024. Mechanics’ named executive officers for fiscal year 2024 are as follows:

| • | C.J. Johnson, Chief Executive Officer (“CEO”); |

| • | Chris Pierce, Chief Operating Officer (“COO”); |

| • | Tony Kallingal, Chief Banking Officer (“CBO”); and |

| • | John DeCero, former Chief Executive Officer (“former CEO”). |

Summary Compensation Table The following table provides summary information concerning compensation earned by Mechanics’ named executive officers for services rendered during fiscal years ended December 31, 2024 and December 31, 2023.

| Name and Principal Position |     | Year |     |  Salary 
     ($) |     | Bonus 
 ($)   |     | Stock      
 Awards     
 ($)        |     |     Non-Equity 
 Incentive Plan 
   Compensation 
        (c) ($) |     |    All Other 
 Compensation 
      (d) ($) |     |     Total 
       ($) |
| C.J. Johnson (e)            |     | 2024 |     |       — |     | —     |     | —          |     |              — |     |