Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 375

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 375
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 $19,227 |     |            $— |     |    $19,227 |     |           $26,448 |     |            $— |     |    $26,448 |

NOTE 15 – CONTINGENCIES The Bank is occasionally named as a defendant in or threatened with claims and legal actions arising in the ordinary course of business. The outcomes of claims and legal actions brought against the Bank are subject to many uncertainties. The Bank establishes accruals for such matters when a loss is probable and the amount of the loss can be reasonably estimated. For claims and legal actions where it is not reasonably possible that a loss may be incurred, or where the Bank is not currently able to estimate the reasonably possible loss or range of loss, the Bank does not establish an accrual. As of December 31, 2024 and 2023, respectively, the Bank recorded an accrued contingent liability of $3.1 million and $425 thousand. NOTE 16 – SIGNIFICANT CONCENTRATION The Bank grants commercial & industrial, commercial real estate, residential real estate and consumer loans to customers principally in the state of California. Substantial portions of the Bank’s loans are real estate and automobile related. The Bank’s automobile customers are spread throughout the United States. NOTE 17 – DEPOSITS The aggregate amount of time certificates of deposits that meet or exceed the FDIC Insurance limit of $250,000 as of December 31, 2024 and 2023 were $407.7 million and $404.4 million, respectively. At December 31, 2024, the scheduled maturities of time certificates of deposit were as follows:

| (in thousands) |     |          |
| 2025           |     | $912,120 |
| 2026           |     |   42,306 |
| 2027           |     |    6,902 |
| 2028           |     |    3,323 |
| 2029           |     |    3,527 |
| Thereafter     |     |    1,701 |
|                |     | $969,879 |

The Bank accepts public deposits from various state, city and municipal agencies. Public deposits totaling $1.2 billion and $1.0 billion are included in demand deposits, interest bearing transaction accounts, savings accounts and time certificates of deposit as presented in the Consolidated Balance Sheets at December 31, 2024 and 2023, respectively. As required by law