Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 82

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 82
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877)$(13,735)Adjustments (tax effected)Amortization of core deposit intangibles373 374 747 975 Tangible income applicable to shareholders$(4,039)$(4,091)$(8,130)$(12,760)Ratio(4.1)%(4.2)%(4.1)%(4.9)%Return on average tangible equity (annualized) - CoreAverage tangible equity$397,135 $397,824 $397,477 $521,167 Core net income (loss) (per above)(3,050)(2,866)(5,916)(9,810)Adjustments (tax effected)Amortization on core deposit intangibles373 374 747 975 Tangible income (loss) applicable to shareholders$(2,677)$(2,492)$(5,169)$(8,835)Ratio(2.7)%(2.5)%(2.6)%(3.4)%Return on average equity (annualized)  - CoreAverage shareholders' equity (per above)$403,629 $404,800 $404,211 $530,266 Core net income (loss) (per above)(3,050)(2,866)(5,916)(9,810)Ratio(3.0)%(2.9)%(3.0)%(3.7)%Efficiency ratioNoninterest expenseTotal$47,751 $49,108 $96,859 $103,095 Adjustments:Merger related expenses or recoveries(1,746)(2,050)(3,796)(5,032)State of Washington taxes(382)(386)(768)(915)Core noninterest expense$45,623 $46,672 $92,295 $97,148 Total revenuesNet interest income$33,870 $33,221 $67,091 $61,852 Noninterest income15,100 12,136 27,236 22,681 Total$48,970 $45,357 $94,327 $84,533 Ratio93.2 %102.9 %97.8 %114.9 %

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For the Quarter EndedSix Months Ended June 30,(in thousands, except ratio, rate and share data)June 30, 2025March 31, 202520252024