Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 55

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 55
---
 118,054 86,210 359,049 61,173 143,091 Total157,468 210,040 382,826 750,334 191,479 401,387 Consumer loansSingle family590 1,036 1,138,653 1,140,279 414,957 724,732 Home equity and other1 95 384,205 384,301 7,794 376,506 Total 591 1,131 1,522,858 1,524,580 422,751 1,101,238 Total LHFI$692,324 $564,431 $6,166,149 $7,422,904 $783,819 $5,946,761 

Loan Roll-forward

Years Ended December 31,(in thousands)20242023Loans - beginning balance January 1,$7,422,904 $7,426,320 Originations and advances 1,128,733 1,300,571 Transfers to LHFS(1,170)(2,507)Loans sold(994,243)— Payoffs, paydowns and other (1,321,782)(1,296,786)Charge-offs and transfers to OREO(2,646)(4,694)Loans - ending balance December 31, $6,231,796 $7,422,904 

Loan Originations and Advances

Years Ended December 31, (in thousands)20242023CRENon-owner occupied CRE$2,141 $20,025 Multifamily146,654 129,712 Construction/land development593,209 620,580 Total742,004 770,317 Commercial and industrial loansOwner occupied CRE5,652 25,880 Commercial business142,277 127,790 Total147,929 153,670 Consumer loansSingle family87,125 232,115 Home equity and other151,675 144,469 Total238,800 376,584 Total $1,128,733 $1,300,571 

28

Production Volumes for Sale to the Secondary Market

 Years Ended December 31,(in thousands)20242023Loan originationsSingle family loans$413,983 $332,811 Commercial and industrial and CRE loans107,352 30,