Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 164

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 164
---
 |
|:------------------------|:----|---------------:|:----|:-------------|:----|------------------:|:----|:-------------|
| (in thousands)          |     |        Balance |     | Loan         
 balance % to 
 total loans  |     |           Balance |     | Loan         
 balance % to 
 total loans  |
| Commercial & Industrial |     |         $4,297 |     | 3.7%         |     |            $4,869 |     | 4.2%         |
| Commercial Real Estate  |     |         34,995 |     | 52.2%        |     |            35,097 |     | 51.0%        |
| Residential Real Estate |     |          4,763 |     | 24.8%        |     |             4,656 |     | 23.6%        |
| Auto                    |     |         28,935 |     | 14.5%        |     |            41,282 |     | 16.6%        |
| Installment             |     |          2,525 |     | 4.8%         |     |             2,654 |     | 4.6%         |
| Total ACL               |     |        $75,515 |     | 100.0%       |     |           $88,558 |     | 100.0%       |

103

TABLE OF CONTENTS

The decline in ACL during the reporting period primarily reflects the runoff of our auto loan portfolio, which we exited in the first quarter of 2023. The following table presents net charge-offs for our loan portfolio for the dates indicated:

|                         |     | Quarter Ended March 31, 
                    2025 |     |                 |     |       |     |         2024 |     |                 |     |         |
|:------------------------|:----|------------------------:|:----|----------------:|:----|:------|:----|-------------:|:----|----------------:|:----|:--------|
| (in thousands)          |     |                Net loan 
             charge-offs 
            (recoveries) |     | Average balance |     | %     |     |     Net loan 
  charge-offs 
 (recoveries) |     | Average balance |     | %       |
| Commercial & Industrial |     |                    $114 |     |