Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 37

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 37
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 0.92 %Significant Payment Delay and Term ExtensionQuarter Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except percentages)Amortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableAmortized Cost Basis at Period End% of Total Class of Financing ReceivableCommercial business$729 0.26 %$— — %$1,840 0.64 %$— — %Single family318 0.03 %804 0.07 %590 0.06 %1,177 0.03 %

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The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty:Significant Payment DelayQuarter Ended June 30,Six Months Ended June 30,2025202420252024MultifamilyThe weighted average duration of loan payments deferred is 0.3 years—The weighted average duration of loan payments deferred is 2.0 years—Commercial businessThe weighted average duration of loan payments deferred is 1.8 years—The weighted average duration of loan payments deferred is 3.8 years.The weighted average duration of loan payments deferred is 2.8 years Single FamilyProvided payment deferrals to borrowers. A weighted average 2.34% of loan balances were capitalized and added to the remaining term of the loan.Provided payment deferrals to borrowers. A weighted average 1.06% of loan balances were capitalized and added to the remaining term of the loan.Provided payment deferrals to borrowers. A weighted average 1.67% of loan balances were capitalized and added to the remaining term of the loan.Provided payment deferrals to borrowers. A weighted average 1.00% of loan balances were capitalized and added to the remaining term of the loan.Term ExtensionQuarter Ended June 30,Six Months Ended June 30,2025202420252024Commercial businessAdded a weighted average 1.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers.—Added a weighted average 2.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers.Added a weighted average 0.4 years to the life of loans, which reduced the monthly payment amounts to the borrowers.Single familyAdded a weighted average