Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 15

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 15
---
-backed securities: Residential $ 167,462 $ 183,798 Commercial 47,642 47,756 Collateralized mortgage obligations: Residential 317,444 439,738 Commercial 54,945 57,397 Municipal bonds 378,259 404,874 Corporate debt securities 24,944 38,547 U.S. Treasury securities 19,987 20,184 Agency debentures 9,276 58,905 Total $ 1,019,959 $ 1,251,199 Loans The following table details the composition of our LHFI portfolio by dollar amount: At December 31, (in thousands) 2024 2023 CRE Non-owner occupied CRE $ 570,750 $ 641,885 Multifamily 2,992,675 3,940,189 Construction/land development 472,740 565,916 Total 4,036,165 5,147,990 Commercial and industrial loans Owner occupied CRE 361,997 391,285 Commercial business 312,004 359,049 Total 674,001 750,334 Consumer loans Single family 1,109,095 1,140,279 Home equity and other 412,535 384,301 Total (1) 1,521,630 1,524,580 Total LHFI 6,231,796 7,422,904 ACL (38,743) (40,500) Total LHFI less ACL $ 6,193,053 $ 7,382,404 (1) Includes $1.3 million of loans at December 31, 2024 and 2023, where a fair value option election was made at the time of origination and therefore, are carried at fair value with changes recognized in the consolidated income statements. 15

The following tables show the contractual maturity of our loan portfolio by loan type: December 31, 2024 Loans due after one year by rate characteristic (in thousands) Within one year After one year through five years After five years Total Fixed- rate Adjustable- rate CRE Non-owner occupied CRE $ 100,463 $ 123,856 $ 346,431 $ 570,750 $ 62,337 $ 407,950 Multifamily 7,771 197,069 2,787,835 2,992,675 137,305 2,847,600 Construction/land development 332,929 108,393 31,418