Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 99

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 99
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HLB Stock, Fed Funds and other193,546 2,635 5.41 %242,687 3,691 6.20 %Total interest-earning assets7,272,471 84,045 4.60 %7,496,682 86,787 4.65 %Noninterest-earning assets 371,885 374,252 Total assets$7,644,356 $7,870,934 Liabilities and shareholders' equity:Interest-bearing deposits: (2)Demand deposits$318,120 $303 0.38 %$312,762 $287 0.37 %Money market and savings 1,610,297 6,881 1.70 %1,645,604 6,874 1.68 %Certificates of deposit2,716,464 27,330 4.04 %2,919,241 31,076 4.32 %Total 4,644,881 34,514 2.98 %4,877,607 38,237 3.18 %Borrowings:Borrowings1,031,292 11,712 4.49 %1,011,111 11,364 4.50 %Long-term debt225,270 2,946 5.21 %225,178 2,943 5.23 %Total interest-bearing liabilities5,901,443 49,172 3.33 %6,113,896 52,544 3.47 %Noninterest-bearing liabilities:Demand deposits (2)1,253,539 1,265,701 Other liabilities85,745 86,537 Total liabilities7,240,727 7,466,134 Shareholders' equity403,629 404,800 Total liabilities and shareholders' equity$7,644,356 $7,870,934 Net interest income $34,873 $34,243 Net interest rate spread1.27 %1.18 %Net interest margin1.90 %1.82 %

(1)    Includes taxable-equivalent adjustments primarily related to tax-exempt income on certain loans and securities of $1.0 million for both quarters ended June 30, 2025 and March 31, 2025. The estimated federal statutory tax rate