Company: MCHB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001518715-25-000083
Chunk: 2

Company: Mechanics Bancorp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 3
Chunk 2
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437,024 — — — — — — — 1,437,024 Certificates of deposit1,318,840 983,308 492,262 19,573 2,713 1 1 — 2,816,698 FHLB advances— — 450,000 550,000 — — — — 1,000,000 FRB borrowings— — — — — — — — — Long-term debt (3)61,857 (1,415)— 164,781 — — — — 225,223 Total 3,378,361 981,893 942,262 734,354 2,713 1 1 — 6,039,585 Non-interest bearing liabilities— — — — — — — 1,363,295 1,363,295 Shareholders' Equity— — — — — — — 400,751 400,751 Total liabilities and shareholders' equity$3,378,361 $981,893 $942,262 $734,354 $2,713 $1 $1 $1,764,046 $7,803,631 Interest sensitivity gap$(1,568,348)$(505,170)$(328,703)$1,056,174 $1,455,511 $1,218,165 $88,137 Cumulative interest sensitivity gapTotal$(1,568,348)$(2,073,518)$(2,402,221)$(1,346,047)$109,464 $1,327,629 $1,415,766 As a % of total assets(20)%(27)%(31)%(17)%1 %17 %18 %As a % of cumulative interest-bearing liabilities54 %52 %55 %78 %102 %122 %123 %

(1)Based on contractual maturities, repricing dates and forecasted principal payments assuming normal amortization and, where applicable, prepayments.

(2)Assumes 100% of interest-bearing non-maturity deposits are subject to repricing in three months or less.

(3)Based on contractual maturity. 

As of March