Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 64

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 64
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 assets)(1)$678,869 7.30 %$372,132 4.0 %$465,165 5.0 %Common equity tier 1 capital (to risk-weighted assets)678,869 12.27 %249,000 4.5 %359,667 6.5 %Tier 1 risk-based capital (to risk-weighted assets)678,869 12.27 %332,001 6.0 %442,667 8.0 %Total risk-based capital (to risk-weighted assets)720,498 13.02 %442,667 8.0 %553,334 10.0 %

(1)Due to the timing of our loan sale at the end of December 2024, our Tier 1 leverage regulatory capital ratios, which are based on average assets for the quarter, were temporarily suppressed. If the $990 million loan sale had occurred at the beginning of the fourth quarter, average assets for the fourth quarter for the Company and the Bank would have been approximately $8.3 billion and the Tier 1 leverage ratio for the Company and the Bank as of December 31, 2024 would have been approximately 6.45% and 8.15%, respectively.

34

At December 31, 2023ActualFor Minimum CapitalAdequacy PurposesTo Be Categorized As"Well Capitalized" (dollars in thousands)AmountRatioAmountRatioAmountRatioHomeStreet, Inc.Tier 1 leverage capital (to average assets)$675,440 7.04 %$383,696 4.0 %NANACommon equity tier 1 capital (to risk-weighted assets)615,440 9.66 %286,709 4.5 %NANATier 1 risk-based capital (to risk-weighted assets)675,440 10.60 %382,279 6.0 %NANATotal risk-based capital (to risk-weighted assets)818,075 12.84 %509,705 8.0 %NANAHomeStreet BankTier 1 leverage capital (to average assets)$814,719 8.50 %$383,482 4.0 %$479,352 5.0 %Common equity tier 1 capital (to risk-weighted assets)814,719 12