Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 118

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 118
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 a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.The following table presents a vintage analysis of the commercial and consumer portfolio segment by loan sub-class and gross charge-offs:At December 31, 2024(in thousands)202420232022202120202019 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIOCommercial businessGross charge-offs$— $— $(276)$(473)$(1,077)$(1,098)$(39)$— $(2,963)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— (24)(16)(1)— — (137)— (178)Total LHFI$— $(24)$(292)$(474)$(1,077)$(1,098)$(176)$— $(3,141)At December 31, 2023(in thousands)202320222021202020192018 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIOCommercial businessGross charge-offs$— $— $(184)$— $(1,136)$295 $13 $(50)$(1,062)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— (106)(22)— — (4)(187)— (319)Total LHFI$— $(106)$(206)$— $(1,136)$291 $(174)$(50)$(1,381)

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Collateral Dependent LoansThe following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type: At December 31, 2024(in thousands)Land1-4 FamilyMultifamilyNon-residential real estateOther non-real estateTotalCRENon-owner occupied CRE$— $— $— $16,230 $— $16,230 Multifamily— — 1,915 — — 1,915 Construction/land developmentCRE construction3,821 — — — — 3,821    Total 3,821 — 1,915 16,230 — 21,966 Commercial and industrial loansOwner occupied CRE— — — 205 — 205 Commercial business4,420 2,927 —