Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 32

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 32
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 charge-offs$— $— $— $(21)$— $(20)$— $— $(41)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— (7)(3)— — (1)(56)— (67)Total LHFI$— $(7)$(3)$(21)$— $(21)$(56)$— $(108)At December 31, 2024(in thousands)202420232022202120202019 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIOCommercial businessGross charge-offs$— $— $(276)$(473)$(1,077)$(1,098)$(39)$— $(2,963)CONSUMER PORTFOLIOHome equity and otherGross charge-offs— (24)(16)(1)— — (137)— (178)Total LHFI$— $(24)$(292)$(474)$(1,077)$(1,098)$(176)$— $(3,141)

21

Collateral Dependent LoansThe following table presents the amortized cost basis of collateral-dependent loans by loan sub-class and collateral type: At June 30, 2025(in thousands)Land1-4 FamilyMultifamilyNon-residential real estateOther non-real estateTotalCRENon-owner occupied CRE$— $— $— $16,014 $— $16,014 Multifamily— — 1,915 — — 1,915 Construction/land developmentCRE construction3,771 — — — — 3,771    Total 3,771 — 1,915 16,014 — 21,700 Commercial and industrial loansCommercial business4,362 2,882 — — 2,529 9,773 Consumer loansSingle family — 832 — — — 832   Total collateral-dependent loans$8,133 $3,714 $1,915 $16,014 $2,529 $32,305 At December 31, 2024(in thousands)Land1-4 FamilyMultifamilyNon-residential real estateOther non-real estateTotalCRENon-owner occupied CRE$— $— $— $16,230 $— $16,230 Mult