Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 230

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 230
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Q Non Interest Expense / Average Assets            |     | 2.04%     |     | 2.02%              |     | 2.14%   |     | 2.14%  |     | 2.46%      |
| MRQ Efficiency Ratio                                 |     | 55.4%     |     | 57.6%              |     | 59.0%   |     | 60.3%  |     | 61.1%      |

| (1) | Based on core net income after taxes and before extraordinary items, excluding gain on the sale of available for sale securities, amortization of intangibles, goodwill and nonrecurring items as defined by S&P Global. |

| (2) | Excludes gain/(loss) on sale of securities. |

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TABLE OF CONTENTS

KBW’s analysis also showed the following concerning the financial condition of Mechanics and the selected companies:

|                                                                 |     |           |     | Selected Companies |     |         |     |        |     |            |
|                                                                 |     | Mechanics |     | 75th               
 Percentile         |     | Average |     | Median |     | 25th       
 Percentile |
| Tangible Common Equity / Tangible Assets                        |     | 9.09%     |     | 9.81%              |     | 8.71%   |     | 8.83%  |     | 7.55%      |
| Total Capital Ratio                                             |     | 17.14%    |     | 15.71%             |     | 15.67%  |     | 15.04% |     | 14.49%     |
| Loans Held for Investment (“HFI”) / Deposits                    |     | 69.2%     |     | 71.4%              |     | 79.7%   |     | 83.2%  |     | 84.0%      |
| Loan Loss Reserves / Loans                                      |     | 0.92%     |     | 1.37%              |     | 1.26%   |     | 1.19%  |     | 1.11%      |
| Nonperforming Assets / Loans + Other Real Estate Owned (“OREO”) |     | 0.27%     |     | 0.14%              |     |