Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 28

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 28
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)50,074 (4,051)53,155 Municipal bonds(530)21,838 (56,332)347,214 (56,862)369,052 Corporate debt securities— — (5,539)25,590 (5,539)25,590 U.S. Treasury securities— — (1,901)20,317 (1,901)20,317 Agency debentures— — (838)9,128 (838)9,128 Total$(542)$30,843 $(107,049)$934,828 $(107,591)$965,671 HTMMunicipal bonds$— $— $(17)$2,266 $(17)$2,266 

11

At December 31, 2024 Less than 12 months12 months or moreTotal(in thousands)GrossunrealizedlossesFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesFairvalueAFSMBS:Residential$(2)$532 $(7,652)$158,044 $(7,654)$158,576 Commercial— — (6,978)47,642 (6,978)47,642 CMOs:Residential(78)7,481 (31,862)293,297 (31,940)300,778 Commercial— — (4,794)51,834 (4,794)51,834 Municipal bonds(810)28,361 (54,188)340,571 (54,998)368,932 Corporate debt securities— — (6,192)24,944 (6,192)24,944 U.S. Treasury securities— — (2,319)19,987 (2,319)19,987 Agency debentures— — (1,044)9,276 (1,044)9,276 Total$(890)$36,374 $(115,029)$945,595 $(115,919)$981,969 HTMMunicipal bonds$— $— $(28)$2,273 $(28)$2,273 The Company has evaluated AFS securities in an unrealized loss position and has determined the decline in value is temporary and is related to the change in