Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 396

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 396
---
 the Bank pledges marketable securities as collateral for its public deposits in quantities of not less than 110% of the Bank’s deposit obligations for these public funds. The Bank had $1.4 billion and $1.4 billion pledged as collateral as of March 31, 2025 and December 31, 2024, respectively. The Bank accepts deposits from its Investment Management and Trust Department for the benefit of certain trust customers. In accordance with state trust regulations, the Bank is required to secure any trust deposits that are in excess of the $250 thousand FDIC insurance limits by pledging marketable securities equal to those excess deposit balances. As of March 31, 2025 and December 31, 2024, the Bank held trust deposits of $1.31 million and $820 thousand, respectively, that were in excess of $250 thousand and which required securities collateralization. NOTE 7 – BORROWINGS ARRANGEMENTS Federal Home Loan Bank (FHLB) Advances The Bank did not have any outstanding FHLB Advances as of March 31, 2025 and December 31, 2024. As of March 31, 2025 and December 31, 2024, the Bank’s investment in capital stock of the FHLB of San Francisco totaled $17.3 million. The Bank had $6.5 billion of loans pledged to the FHLB, which permits up to $3.8 billion of additional borrowing capacity as of March 31, 2025. Federal Reserve Bank Discount Window The Bank had no outstanding Discount Window borrowings as of March 31, 2025 and December 31, 2024. The Bank had pledged $1.7 billion of Consumer loans through the Borrower-In-Custody Program and $3.2 billion of investment securities to the Federal Reserve Bank Discount Window, which permits $4.3 billion of additional borrowing capacity as of March 31, 2025. Brokered and Other Wholesale Funding The Bank had no other outstanding debt as of March 31, 2025 and December 31, 2024. The Bank had $4.5 billion of available borrowing capacity under borrowing lines established with other financial institutions as of March 31, 2025.

F-71

TABLE OF CONTENTS

NOTE 8 – SHAREHOLDERS’ EQUITY AND DIVIDEND LIMITATIONS During August 2019, the Bank issued 33,294 shares of its voting common stock and