Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 78

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 78
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, involve quantitative measures, primarily in terms of the ratios of their capital to their assets, liabilities, and certain off-balance sheet items, calculated under regulatory accounting practices. In addition, prompt corrective action regulations place a federally insured depository institution, such as the Bank, into one of five capital categories on the basis of its capital ratios: (i) well capitalized; (ii) adequately capitalized; (iii) undercapitalized; (iv) significantly undercapitalized; or (v) critically undercapitalized. A depository institution’s primary federal regulatory agency may determine that, based on certain qualitative assessments, the depository institution should be assigned to a lower capital category than the one indicated by its capital ratios. At each successive lower capital category, a depository institution is subject to greater operating restrictions and increased regulatory supervision by its federal bank regulatory agency.

The following table sets forth the capital and capital ratios of HomeStreet Inc. (on a consolidated basis) and HomeStreet Bank  as compared to the respective regulatory requirements applicable to them:

At June 30, 2025ActualFor Minimum CapitalAdequacy PurposesTo Be Categorized As"Well Capitalized" (dollars in thousands)AmountRatioAmountRatioAmountRatioHomeStreet, Inc.Tier 1 leverage capital (to average assets)$529,978 6.78 %$312,736 4.0 %NANACommon equity Tier 1 capital (to risk-weighted assets)469,978 8.78 %240,987 4.5 %NANATier 1 risk-based capital (to risk-weighted assets)529,978 9.90 %321,316 6.0 %NANATotal risk-based capital (to risk-weighted assets)677,183 12.65 %428,421 8.0 %NANAHomeStreet BankTier 1 leverage capital (to average assets)$682,744 8.74 %$312,548 4.0 %$390,685 5.0 %Common equity Tier 1 capital (to risk-weighted assets)682,744 12.76 %240,866 4.5 %347,917 6.5 %Tier 1 risk-based capital (to risk-weighted assets)682,744 12.76 %321,154 6.0 %428,206 8.0 %Total risk