Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 363

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 363
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 losses on unfunded lending commitments at the beginning of the year                    |     |        4,314 |     |        6,477 |     |        5,284 |
| Impact of adopting ASC 326                                                                                  |     |            — |     |         -355 |     |            — |
| Provision for (reversal of) of credit losses on unfunded lending commitments                                |     |           52 |     |       -1,808 |     |        1,193 |
| Allowance for credit losses on unfunded lending commitments at the end of the year                          |     |        4,366 |     |        4,314 |     |        6,477 |
| Total allowances for credit losses on loans, leases and unfunded lending commitments at the end of the year |     |      $92,924 |     |     $138,092 |     |     $133,193 |

The allowance for credit losses on loans and leases is reflected in total assets as an offset to the loan and lease portfolio. The allowance for credit losses on unfunded lending commitments is reflected in total liabilities in the Interest Payable and Other Liabilities on the Consolidated Balance Sheets. Disclosures related to the amortized cost in loans excludes accrued interest receivable. The amortized cost approximates the unpaid principal balance for these disclosures. For purposes of this disclosure, the unpaid principal balance is grossed up to exclude charge offs. Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the amortized cost in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of December 31, 2024 and 2023:

| (in thousands)                  
 December 31, 2024               |     |    Nonaccrual 
       With No 
 Allowance for 
   Credit Loss |     |      Total 
 Nonaccrual |     |  Loans Past Due 
 90 Days or more 
  Still Accruing |
|:--------------------------------|:----|--------------:|:----|-----------:|:----|----------------:|
| Commercial & Industrial         |     |        $1,145 |     |     $1,145 |     |            $211 |
| Commercial Real Estate          |     |               |     |            |     |                 |
| Construction