Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 43

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 43
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 thousands)At June 30, 2025At December 31, 2024Single family$29,999 $20,312 CRE, multifamily and SBA18,784 — Total$48,783 $20,312 Loans sold consisted of the following for the periods indicated: Quarter Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Single family$105,197 $98,081 $187,594 $168,460 CRE, multifamily and SBA12,894 13,539 67,089 21,735 Total$118,091 $111,620 $254,683 $190,195 

31

Gain on loan origination and sale activities, including the effects of derivative risk management instruments, consisted of the following:  Quarter Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Single family$3,182 $2,718 $5,465 $4,704 CRE, multifamily and SBA53 318 986 638 Total$3,235 $3,036 $6,451 $5,342 The Company's portfolio of loans serviced for others is primarily comprised of loans held in U.S. government and agency MBS issued by Fannie Mae, Freddie Mac and Ginnie Mae. The unpaid principal balance of loans serviced for others is as follows:(in thousands)At June 30, 2025At December 31, 2024Single family $5,107,214 $5,179,373 CRE, multifamily and SBA 1,912,416 1,918,172 Total$7,019,630 $7,097,545 The following is a summary of changes in the Company's liability for estimated single-family mortgage repurchase losses: Quarter Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Balance, beginning of period$999 $1,317 $1,032 $1,481 Additions, net of adjustments (1)(223)(20)(326)(148)Realized (losses) recoveries, net (2)(28)(95)42 (131)Balance, end of period$748 $1,202 $748 $1,202 (1