Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 391

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 391
---
 basis and 8.7% of the voting power of HomeStreet, Inc. In connection with the merger, HomeStreet, Inc. will be renamed “Mechanics Bancorp”. The merger is expected to close in the third quarter of 2025.

Subsequent Events: The Bank has evaluated subsequent events for recognition or disclosure through July 3, 2025, which is the date that the consolidated financial statements were available to be issued. Effective May 1, 2025, Mechanics Bank entered into a servicing agreement with Westlake Portfolio Management, LLC to oversee and manage the Bank’s portfolio of auto loans. (The Bank discontinued originating indirect auto loans in early 2023.)

<div align='center'>F-56</div>

TABLE OF CONTENTS

NOTE 2 – DEBT SECURITIES

|                                                  |     | March 31, 2025 |     |            |     |            |     |                |
|:-------------------------------------------------|:----|---------------:|:----|-----------:|:----|-----------:|:----|---------------:|
| (in thousands)                                   |     |      Amortized 
           Cost |     |      Gross 
 Unrealized 
      Gains |     |      Gross 
 Unrealized 
     Losses |     | Estimated Fair 
          Value |
| Securities available-for-sale                    |     |                |     |            |     |            |     |                |
| Obligations of states and political subdivisions |     |        $91,562 |     |       $350 |     |   $(1,543) |     |        $90,369 |
| Mortgage-backed securities - residential         |     |      3,045,388 |     |     22,226 |     |    -36,035 |     |      3,031,579 |
| Mortgage-backed securities - commercial          |     |        257,682 |     |        722 |     |    -15,681 |     |        242,723 |
| Collateralized loan obligations                  |     |        188,500 |     |          — |     |     -1,104 |     |        187,396 |
| Corporate bonds                                  |     |         39,000 |     |          — |     |     -4,745 |     |         34,255 |
| Total securities available-for-sale              |     |     $3,622,132 |     |    $23,298 |