Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 20

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 20
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%$426,339 2.95 %HTM   Municipal bonds2,2532.31 %$— — %$— — %$— — %$2,253 2.31 %

12

 At December 31, 2024 Within one yearAfter one yearthrough five yearsAfter five yearsthrough ten yearsAfterten yearsTotal(dollars in thousands)FairValueWeightedAverageYieldFairValueWeightedAverageYieldFairValueWeightedAverageYieldFairValueWeightedAverageYieldFairValueWeightedAverageYieldAFS   Municipal bonds$— — %$15,531 3.88 %$70,678 2.92 %$292,050 2.93 %$378,259 2.97 %   Corporate debt securities— — %2,735 2.08 %22,209 4.27 %— — %$24,944 4.03 %   U.S. Treasury securities— — %19,987 1.15 %— — %— — %$19,987 1.15 %Agency debentures— — %1,770 2.13 %4,442 2.17 %3,064 2.14 %$9,276 2.15 %Total$— — %$40,023 2.32 %$97,329 3.19 %$295,114 2.92 %$432,466 2.93 %HTM   Municipal bonds$2,273 2.29 %$— — %$— — %$— — %$2,273 2.29 %The weighted-average yield is computed using the contractual coupon of each security weighted based on the fair value of each security. Taxable-equivalent amounts are used where applicable. MBS and CMOs are excluded from the tables above because such securities are not due on a single maturity date. The weighted average yield of MBS and CMOs as of June 30, 2025 and December 31, 2024 was 3.01%.The following table summarizes the carrying value of securities pledged as collateral to secure public deposits,