Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 41

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 41
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 — 3,430 Common stock issued - Stock grants 60,483 — — — — Other comprehensive income (loss) — — — (342) (342) Common stock repurchased(1) (12,973) (134) — — (134) Balance, December 31, 2024 18,857,565 $ 233,185 $ 251,013 $ (87,201) $ 396,997 1) These amounts represent shares withheld from stock grants to pay for individual employee taxes on their stock grants. See accompanying notes to consolidated financial statements. 36

HOMESTREET, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (144,344) $ (27,508) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Goodwill impairment charge — 39,857 Provision for credit losses — (441) Loss on sale of $990 million of multifamily loans 88,618 — Depreciation and amortization, premises and equipment 6,580 7,146 Amortization of premiums and discounts: investment securities, deposits, debt 2,689 357 Operating leases: excess of payments over amortization (3,101) (3,145) Amortization of finance leases 181 425 Amortization of core deposit intangibles 2,500 2,951 Amortization of deferred loan fees and costs (287) (1,039) Share-based compensation expense 3,430 3,613 Lease abandonment costs 1,064 — Deferred income tax (benefit) expense 17,943 (9,129) Loss on debt extinguishment 452 — Origination of LHFS (517,998) (362,453) Proceeds from sale of LHFS 521,128 363,327 Net fair value adjustment and gain on sale of LHFS (2,635) (676) Origination of MSRs (5,599) (3,645) Change in fair value of MSRs 4,757 5,964 Amortization of servicing rights 5,612 5,778 Net fair value adjustment, gain on sale and provision for losses on other real estate owned 180 (975) Net decrease (increase) in trading securities (10,046) (5,695) Decrease (