Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 62

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 62
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 2025 would increase by approximately $6 million. This sensitivity analysis is hypothetical and has been provided only to indicate the potential impact that changes in assumptions may have on the ACL estimate. 

The valuation of MSRs is based on various assumptions which are set forth in Note 6–Mortgage Banking Operations of the financial statements. Note 6 also provides sensitivity analysis based on the assumptions used. The sensitivity analyses are  hypothetical and have been provided to indicate the potential impact that changes in assumptions may have on the estimate of the fair value of MSRs.

44

Summary Financial Data

 Quarter EndedSix Months Ended June 30,(dollars in thousands)June 30, 2025March 31, 202520252024Select Income Statement data:Net interest income$33,870 $33,221 $67,091 $61,852 Provision for credit losses6,000 1,000 7,000 — Noninterest income (loss)15,100 12,136 27,236 22,681 Noninterest expense47,751 49,108 96,859 103,095 Net income (loss):Before income tax (benefit) expense(4,781)(4,751)(9,532)(18,562)Total(4,412)(4,465)(8,877)(13,735)Net income (loss) per fully diluted share(0.23)(0.24)(0.47)(0.73)Core net income (loss): (1)Total(3,050)(2,866)(5,916)(9,810)Core net income (loss) per fully diluted share(0.16)(0.15)(0.31)(0.52)Select Performance Ratios:Return on average equity - annualizedNet income (loss)(4.4)%(4.5)%(4.4)%(5.2)%Core (1)(3.0)%(2.9)%(3.0)%(3.7)%Return on average tangible equity - annualized (1)Net income (loss)(4.1)%(4.2)%(4.1)%(4.9)%Core (1)(2.7)%(2.5)%(2.6)%(3.4)%Return on average assets - annualizedNet income (loss)(0.23)%(0.23)%(0.23)%(0.29