Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 83

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 83
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5.00%. — Commercial business Reduced weighted-average contractual interest rate from 7.75% to 5.00%. — Single family — Reduced weighted-average contractual interest rate from 5.25% to 5.00%. Significant Payment Delay Years Ended December 31, 2024 2023 Non-owner occupied CRE The weighted average duration of loan payments deferred is 0.8 years. The weighted average duration of loan payments deferred is 3.7 years. Multifamily The weighted average duration of loan payments deferred is 1.5 years. — Construction/land development The weighted average duration of loan payments deferred is 0.6 years. The weighted average duration of loan payments deferred is 2.7 years. Owner occupied CRE The weighted average duration of loan payments deferred is 3.0 years. — Commercial business The weighted average duration of loan payments deferred is 0.6 years. The weighted average duration of loan payments deferred is 5.2 years. Single family Provided payment deferrals to borrowers. A weighted average 0.41% of loan balances were capitalized and added to the remaining term of the loan. Provided payment deferrals to borrowers. A weighted average 0.37% of loan balances were capitalized and added to the remaining term of the loan. Term Extension Years Ended December 31, 2024 2023 Non-owner occupied CRE Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 2.1 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Construction/land development Added a weighted average 0.6 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 1.6 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Owner occupied CRE Added a weighted average 3.0 years to the life of loans, which reduced the monthly payment amounts to the borrowers. — Commercial business Added a weighted average 0.8 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 1.2 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Single family Added a weighted average 3.9 years to the life of loans, which reduced the monthly payment amounts to the borrowers. Added a weighted average 4.9 years to the life of loans, which reduced the monthly payment