Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 63

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 63
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)%Core (1)(0.16)%(0.15)%(0.15)%(0.21)%Efficiency ratio (1)93.2 %102.9 %97.8 %114.9 %Net interest margin1.90 %1.82 %1.86 %1.40 %Other dataFull time equivalent employees750 766 758 849 

(1)Return on average tangible equity, core net income (loss), core net income (loss) per fully diluted share, core return on average equity, core return on average tangible equity, core return on average assets and the efficiency ratio are non-GAAP financial measures. For a reconciliation of these measures to the nearest comparable GAAP financial measure or the computation of the measure see “Non-GAAP Financial Measures” elsewhere in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

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 As of(dollars in thousands)June 30, 2025December 31, 2024Selected Balance Sheet DataLoans held for sale$48,783 $20,312 Loans held for investment, net5,887,333 6,193,053 ACL45,806 38,743 Investment securities1,030,981 1,057,006 Total assets7,609,323 8,123,698 Deposits5,857,284 6,413,021 Borrowings1,040,000 1,000,000 Long-term debt225,316 225,131 Total shareholders' equity402,981 396,997 Other data:Book value per share$21.30 $21.05 Tangible book value per share (1)$20.97 $20.67 Total equity to total assets5.3 %4.9 %Tangible common equity to tangible assets (1)5.2 %4.8 %Shares outstanding at end of period18,920,808 18,857,565 Loans to deposit ratio (Bank)101.1 %96.8 %Credit Quality:Delinquencies(2)1.11 %1.06 %ACL to total loans (3) 0.78 %0.63 %ACL to nonaccrual loans  82.9 %70.4 %Nonaccrual loans to total loans