Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 381

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 381
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 processing fees are recognized at the point in time that the transaction occurs or the services provided. The Bank earns interchange fees from cardholder transactions conducted through the payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Trust Fees: The Bank earns trust fees from its contracts with trust customers to manage assets for investment services. These fees are primarily earned over time as the Bank provides the contracted monthly services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at month-end. Other related services provided, which are based on a fixed fee schedule, are recognized when the services are rendered. Gains/(Losses) on Sales of OREO: The Bank records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. The Bank does not finance the sale of OREO. The following is a summary of the revenue from contracts with customers in the scope of ASC 606 that is recognized within Noninterest Income:

| (in thousands)                                                     |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |     |   Year Ended 
 December 31, 
         2022 |
|:-------------------------------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|
| NONINTEREST INCOME IN SCOPE OF ASC 606                             |     |              |     |              |     |              |
| Service charges on deposit accounts and other deposit service fees |     |      $23,650 |     |      $24,955 |     |      $25,791 |
| Trust fees and commissions                                         |     |       12,319 |     |        9,644 |     |        9,710 |
| ATM network fee income                                             |     |       12,158 |     |       12,192 |     |       12,286 |
| Gain (loss) on sale of OREO, net                                   |     |          129 |     |         -109 |     |         -149 |
| Non-interest income subject to ASC 606                             |     |       48,256 |     |       46,682 |     |       47,638 |
| Non-interest income not