Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 148

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 148
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$12,849 $12,583 $266 

NOTE 14–REGULATORY CAPITAL REQUIREMENTS:

The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a material effect on the Company's operations and financial statements. Under capital adequacy guidelines, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and Bank's capital amounts and classifications are also subject to qualitative judgments by the regulators about risk components, asset risk weighting, and other factors.Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to assets (as defined). Management believes, as of December 31, 2024 that the Company and the Bank met all capital adequacy requirements. The following table presents the capital and capital ratios of the Company (on a consolidated basis) and the Bank (on a stand-alone basis) as of the respective dates and as compared to the respective regulatory requirements applicable to them:At December 31, 2024ActualFor Minimum CapitalAdequacy PurposesTo Be Categorized As“Well Capitalized” UnderPrompt CorrectiveAction Provisions(dollars in thousands)AmountRatioAmountRatioAmountRatioHomeStreet, Inc.Tier 1 leverage capital (to average assets) (1)$537,057 5.77 %$372,319 4.0 %NANACommon equity tier 1 capital (to risk-weighted assets)477,057 8.62 %249,109 4.5 %NANATier 1 risk-based capital (to risk-weighted assets)537,057 9.70 %332,145 6.0 %NANATotal risk-based capital (to risk-weighted assets)677,225 12.23 %442,860 8.0 %NANAHomeStreet BankTier 1 leverage capital (to average assets) $678,869 7.30 %$372,132 4.0 %$465,