Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 119

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 119
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 — 3,269 10,616    Total 4,420 2,927 — 205 3,269 10,821 Consumer loansSingle family — 832 — — — 832  Total collateral-dependent loans$8,241 $3,759 $1,915 $16,435 $3,269 $33,619 At December 31, 2023(in thousands)1-4 FamilyNon-residential real estateOther non-real estateTotalCRENon-owner occupied CRE$573 $16,230 $— $16,803 Construction/land developmentCRE construction— 3,821 — 3,821    Total 573 20,051 — 20,624 Commercial and industrial loansCommercial business2,788 5,471 4,587 12,846    Total 2,788 5,471 4,587 12,846 Consumer loansSingle family 773 — — 773  Total collateral-dependent loans$4,134 $25,522 $4,587 $34,243 

76

Nonaccrual and Past Due LoansThe following table presents nonaccrual status for loans:At December 31, 2024At December 31, 2023(in thousands)Nonaccrual with no related ACLTotal NonaccrualNonaccrual with no related ACLTotal NonaccrualCRENon-owner occupied CRE$16,230 $16,230 $16,803 $16,803 Multifamily1,915 1,915 — — Construction/land developmentCRE construction3,821 3,821 3,821 3,821 Total 21,966 21,966 20,624 20,624 Commercial and industrial loans Owner occupied CRE1,161 1,161 706 706  Commercial business8,509 25,740 13,151 13,686 Total 9,670 26,901 13,857 14,392 Consumer loansSingle family1,106 2,990 773 2,650 Home equity and other— 3,137 — 1,310 Total1,106 6,127 773 3,960 Total nonaccrual loans$32,742 $54,994