Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 42

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 42
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 2025At December 31, 2024(in thousands)Nonaccrual with no related ACLTotal NonaccrualNonaccrual with no related ACLTotal NonaccrualCRENon-owner occupied CRE$16,089 $16,089 $16,230 $16,230 Multifamily1,915 1,915 1,915 1,915 Construction/land developmentCRE construction3,796 3,796 3,821 3,821    Total21,800 21,800 21,966 21,966 Commercial and industrial loansOwner occupied CRE932 932 1,161 1,161         Commercial business10,506 26,035 8,509 25,740    Total11,438 26,967 9,670 26,901 Consumer loansSingle family831 3,348 1,106 2,990 Home equity and other— 3,676 — 3,137    Total831 7,024 1,106 6,127 Total nonaccrual loans$34,069 $55,791 $32,742 $54,994 The following tables present an aging analysis of past due loans by loan portfolio segment and loan sub-class:At March 31, 2025Past Due and Still Accruing(in thousands)30-59 days60-89 days90 days ormoreNonaccrualTotal pastdue and nonaccrual (1)CurrentTotalloansCRENon-owner occupied CRE$— $— $— $16,089 $16,089 $529,224 $545,313 Multifamily— — — 1,915 1,915 2,932,527 2,934,442 Construction/land developmentMultifamily construction— — — — — 65,201 65,201 CRE construction— — — 3,796 3,796 7,347 11,143 Single family construction— — — — — 329,394 329,394 Single family construction to permanent— — — — — 30,872 30,872 Total — — — 21,800 21,800 3,894,565 3,916,365 Commercial