Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 37

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 37
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991 60-89 days — 3 4 — — — 480 — 487 90+ days— — — — — 2 1,433 6 1,441 Total935 1,151 839 1,294 105 1,869 408,909 4,378 419,480 Total consumer portfolio (1)$935 $1,151 $32,550 $378,567 $300,733 $380,521 $408,909 $4,378 $1,507,744 Total LHFI$26,510 $143,391 $227,880 $2,217,942 $1,091,125 $1,630,402 $720,745 $5,221 $6,063,216 (1)    Includes $1.2 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes in fair value recognized in the consolidated income statements.

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The following table presents a vintage analysis of the commercial portfolio segment by loan sub-class and risk rating or delinquency status:At December 31, 2024(in thousands)202420232022202120202019 and priorRevolvingRevolving-termTotalCOMMERCIAL PORTFOLIONon-owner occupied CREPass$— $1,441 $70,128 $71,493 $39,885 $347,058 $(36)$— $529,969 Special Mention— — — — — 24,551 — — 24,551 Substandard— — — — — 16,230 — — 16,230 Total— 1,441 70,128 71,493 39,885 387,839 (36)— 570,750 MultifamilyPass1,650 106,415 1,538,855 643,044 257,110 255,643 — — 2,802,717 Special Mention— — 66,217 4,789 73,308 23,835 — — 168,149 Substandard— — 15,602 — — 6,207 — — 21