Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 71

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7A
Chunk 71
---
,697 — — — — — — — 1,396,697 Certificates of deposit1,573,626 1,061,767 521,900 107,826 2,653 — — — 3,267,772 FHLB advances— — 450,000 550,000 — — — — 1,000,000 Long-term debt (3)60,397 — — 164,734 — — — — 225,131 Total 3,583,491 1,061,767 971,900 822,560 2,653 — — — 6,442,371 Noninterest-bearing liabilities— — — — — — — 1,284,330 1,284,330 Shareholders' Equity— — — — — — — 396,997 396,997 Total liabilities and shareholders’ equity$3,583,491 $1,061,767 $971,900 $822,560 $2,653 $— $— $1,681,327 $8,123,698 Interest sensitivity gap$(1,704,504)$(553,686)$(326,451)$995,841 $1,549,316 $1,274,050 $89,453 Cumulative interest rate sensitivity gapTotal$(1,704,504)$(2,258,190)$(2,584,641)$(1,588,800)$(39,484)$1,234,566 $1,324,019 As a % of total assets(21)%(28)%(32)%(20)%— %15 %16 %As a % of cumulative interest-bearing liabilities52 %51 %54 %75 %99 %119 %121 %

(1)Based on contractual maturities, repricing dates and forecasted principal payments assuming normal amortization and, where applicable, prepayments.

(2)Assumes 100% of interest-bearing non-maturity deposits are subject to repricing in three months or less.

(3)Based on contractual maturity.

As of December 31, 2024, the Company is considered liability sensitive as exhibited by the gap table above and our