Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 39

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 39
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 Commitments and contingencies (Note 10) Shareholders' equity: Common stock, no par value, authorized 160,000,000 shares; issued and outstanding, 18,857,565 shares and 18,810,055 shares 233,185 229,889 Retained earnings 251,013 395,357 Accumulated other comprehensive income (loss) (87,201) (86,859) Total shareholders' equity 396,997 538,387 Total liabilities and shareholders' equity $ 8,123,698 $ 9,392,450 See accompanying notes to consolidated financial statements. 33

HOMESTREET, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS Years Ended December 31, (in thousands, except share and per share data) 2024 2023 Interest income: Loans $ 346,691 $ 341,255 Investment securities 39,576 49,615 Cash, Fed Funds and other 16,306 8,873 Total interest income 402,573 399,743 Interest expense: Deposits 174,252 137,920 Borrowings 108,234 95,070 Total interest expense 282,486 232,990 Net interest income 120,087 166,753 Provision for credit losses — (441) Net interest income after provision for credit losses 120,087 167,194 Noninterest income (loss): Net gain (loss) on loan origination and sale activities (76,890) 9,346 Loan servicing income 12,497 12,648 Deposit fees 8,838 10,148 Other 11,170 9,779 Total noninterest income (loss) (44,385) 41,921 Noninterest expense: Compensation and benefits 107,424 111,064 Information services 29,872 29,901 Occupancy 21,719 22,241 General, administrative and other 37,199 38,809 Goodwill impairment — 39,857 Total noninterest expense 196,214 241,872 Income (loss) before income taxes (120,512) (32,757) Income tax (benefit) expense 23,832 (5,249) Net income (loss) $ (144,344) $ (27,508) Net income (loss) per share Basic $ (7.65) $ (1.46) Diluted $ (7.65) $ (