Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 82

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 82
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 Bank stock305,113 222,814 Purchases of Federal Home Loan Bank stock(300,496)(228,802)Net cash provided by investing activities1,333,520 484,048 

49

Years Ended December 31,(in thousands)20242023CASH FLOWS FROM FINANCING ACTIVITIES:Decrease in deposits, net$(351,043)$(1,065,463)Changes in short-term borrowings, net(100,000)84,000 Proceeds from other long-term borrowings510,000 1,180,000 Repayment of other long-term borrowings(1,155,452)(535,000)Repayment of finance lease principal(168)(456) Dividends paid on common stock — (12,317)Net cash used in financing activities(1,096,663)(349,236)Net increase in cash and cash equivalents190,936 142,836 Cash and cash equivalents, beginning of year215,664 72,828 Cash and cash equivalents, end of year$406,600 $215,664 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$298,498 $217,132 Federal and state income taxes (net refunds)(637)(5,287)Non-cash activities:LHFI foreclosed and transferred to OREO— 3,576 Loans transferred from LHFI to LHFS, net1,170 2,507 Ginnie Mae loans derecognized with the right to repurchase, net506 1,301 New investments in low income housing tax credit partnerships ("LIHTC")— 15,000 LIHTC amortization5,684 4,732 Repurchase of common stock - award shares134 316 Acquisition:Loans acquired— 21,197 Premises and equipment and other assets— 5,845 Liabilities assumed— 377,412 Goodwill and other intangibles— 22,469 

See accompanying notes to consolidated financial statements.

50

HomeStreet, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

NOTE 1–SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

BusinessHomeStreet, Inc., a State of Washington corporation organized in 1921 (the "Corporation"), is a Washington-based diversified financial services holding