Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 115

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 115
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) the total dollar amount of interest income from interest-earning assets and the resultant average yields on those assets; (ii) the total dollar amount of interest expense and the average rate of interest on our interest-bearing liabilities; (iii) net interest income; (iv) net interest rate spread; and (v) net interest margin:

Quarter Ended March 31, 20252024(dollars in thousands)AverageBalanceInterestAverageYield/CostAverageBalanceInterestAverageYield/CostAssets:Interest-earning assets:Loans (1)$6,198,659 $73,587 4.76 %$7,460,650 $86,427 4.60 %Investment securities (1)1,055,336 9,509 3.60 %1,239,093 11,627 3.75 %FHLB Stock, Fed Funds and other242,687 3,691 6.20 %388,462 5,571 5.76 %Total interest-earning assets7,496,682 86,787 4.65 %9,088,205 103,625 4.54 %Noninterest-earning assets374,252 413,984 Total assets$7,870,934 $9,502,189 Interest-bearing liabilities:Interest-bearing  deposits: (2)Demand deposits$312,762 $287 0.37 %$324,210 $170 0.21 %Money market and savings 1,645,604 6,874 1.68 %1,840,023 7,380 1.60 %Certificates of deposit2,919,241 31,076 4.32 %3,068,404 35,057 4.60 %Total 4,877,607 38,237 3.18 %5,232,637 42,607 3.27 %Borrowings:Borrowings1,011,111 11,364 4.50 %2,074,527 24,676 4.73 %Long-term debt225,178 2,943 5.23 %224,812 3,107 5.51 %Total interest-bearing liabilities6,113,896 52,544 3.47 %7,531,976 70,390