Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 101

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 101
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,698 Commercial 47,642 — 47,642 — Collateralized mortgage obligations: Residential 317,444 — 317,444 — Commercial 54,945 — 54,945 — Municipal bonds 378,259 — 378,259 — Corporate debt securities 24,944 — 24,944 — U.S. Treasury securities 19,987 — 19,987 — Agency debentures 9,276 — 9,276 — Single family LHFS 20,312 — 20,312 — Single family LHFI 1,287 — — 1,287 Single family mortgage servicing rights 72,901 — — 72,901 Derivatives Futures 1 1 — — Forward sale commitments 237 — 237 — Options 3 3 — Interest rate lock commitments 175 — — 175 Interest rate swaps 10,250 — 10,250 — Total assets $ 1,159,871 $ 34,750 $ 1,049,060 $ 76,061 Liabilities: Derivatives Forward sale commitments $ 402 $ — $ 402 $ — Interest rate lock commitments 49 — — 49 Interest rate swaps 10,250 — 10,250 — Total liabilities $ 10,701 $ — $ 10,652 $ 49 81

At December 31, 2023 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets: Trading securities - U.S. Treasury securities $ 24,698 $ 24,698 $ — $ — Investment securities AFS Mortgage backed securities: Residential 183,798 — 181,938 1,860 Commercial 47,756 — 47,756 — Collateralized mortgage obligations: Residential 439,738 — 439,738 — Commercial 57,397 — 57,397 — Municipal bonds 404,874 — 404,874 — Corporate debt securities 38,547 — 38,547 — U.S. Treasury securities 20,184 — 20,184 — Agency debentures 58,905 — 58,905 — Single family LHFS 12,849 — 12,849 — Single family LHFI 1,280 — — 1,280 Single family mortgage servicing rights 74,249 — — 74,249 Derivatives Forward sale commitments 151 — 151 — Options 132 132 — — Interest rate lock commitments 411 — — 411 Interest rate swaps