Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 339

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 339
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 gain on securities available-for-sale, net of tax benefit / (expense) of $6,453, ($18,773), and $90,609 for the years ended December 31, 2024, 2023, and 2022, respectively.                                                                                                                                                     |     |           -13,794 |     |            46,904 |     |          -240,215 |
| Reclassification adjustment for amortization of unrealized holding loss included in accumulated other comprehensive income from the transfer of securities from available-for-sale to held-to-maturity debt securities, net of tax (expense) / benefit of ($701), ($760), and $5,821 for the years ended December 31, 2024, 2023, and 2022, respectively. |     |             1,874 |     |             1,898 |     |           -14,407 |
| Reclassification adjustment for net realized loss on securities available-for-sale included in net income during the year, net of tax expense of $59,716, $0, and $3,210 for the years ended December 31, 2024, 2023, and 2022, respectively.                                                                                                             |     |           147,487 |     |                 — |     |             8,020 |
| Change in defined benefit pension liability obligations, net of tax benefit / (expense) of $1,397, ($474), and ($3,338) for the years ended December 31, 2024, 2023, and 2022 respectively.                                                                                                                                                               |     |            -3,540 |     |             1,184 |     |             8,459 |
| Total other comprehensive income (loss)                                                                                                                                                                                                                                                                                                                   |     |           132,027 |     |            49,986 |     |          -238,143 |
| COMPREHENSIVE INCOME (LOSS)                                                                                                                                                                                                                                                                                                                               |     |          $161,026 |     |          $251,900 |     |         $(21,561) |

F-6

TABLE OF CONTENTS

MECHANICS BANK CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

| (in thousands,                                 
 except share amounts)                          
 Year Ended December 31, 2022                   
 Balance, January 1, 202