Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 153

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 153
---
Us granted in 2024 and 2023 are set forth in the table below:20242023Volatility of common stock58.1 %42.7 %Average volatility of peer companies33.6 %45.0 %Average correlation coefficient of peer companies0.7527 %0.8029 %Risk-free interest rate4.0 %4.2 %Expected term in years3 years3 years

103

NOTE 18–PARENT COMPANY FINANCIAL STATEMENTS (UNAUDITED): 

Condensed financial information for HomeStreet, Inc. is as follows: Condensed Balance SheetsAt December 31,(in thousands)20242023Assets:Cash and cash equivalents$22,855 $21,541 Other assets5,433 4,515 Investment in stock of HomeStreet Bank598,875 737,748 Investment in stock of other subsidiaries1,857 1,857 Total assets$629,020 $765,661 Liabilities:Other liabilities$6,892 $2,508 Long-term debt225,131 224,766 Total liabilities232,023 227,274 Shareholders' Equity:Common stock, no par value233,185 229,889 Retained earnings251,013 395,357 Accumulated other comprehensive income (loss)(87,201)(86,859)Total shareholder's equity396,997 538,387 Total liabilities and shareholders' equity$629,020 $765,661  Condensed Income StatementsYears Ended December 31,(in thousands)20242023Noninterest incomeDividend income $10,400 $39,000 Equity in undistributed income from subsidiaries(141,939)(55,832)Other noninterest income2,470 2,085 Total revenues(129,069)(14,747)ExpensesInterest expense-net8,097 8,094 Noninterest expense11,268 8,176 Total expenses19,365 16,270 Income (loss) before income taxes (benefit)(148,434)(31,017)Income taxes (benefit)(4,090)(3,509)Net income (loss)$(144,344)$(27,508) 

104

Condensed Statements of Cash FlowsYears Ended December 31,(in thousands)20242023Cash flows from operating activitiesNet income (loss)$(144,