Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 64

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 64
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, including municipal bonds and corporate debt securities, were rated investment grade based upon nationally recognized statistical rating organizations where available and, where not available, based upon internal ratings. Investment securities AFS that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position: At December 31, 2024 Less than 12 months 12 months or more Total (in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value AFS MBS: Residential $ (2) $ 532 $ (7,652) $ 158,044 $ (7,654) $ 158,576 Commercial — — (6,978) 47,642 (6,978) 47,642 CMOs: Residential (78) 7,481 (31,862) 293,297 (31,940) 300,778 Commercial — — (4,794) 51,834 (4,794) 51,834 Municipal bonds (810) 28,361 (54,188) 340,571 (54,998) 368,932 Corporate debt securities — — (6,192) 24,944 (6,192) 24,944 U.S. Treasury securities — — (2,319) 19,987 (2,319) 19,987 Agency debentures — — (1,044) 9,276 (1,044) 9,276 Total $ (890) $ 36,374 $ (115,029) $ 945,595 $ (115,919) $ 981,969 HTM Municipal bonds $ — $ — $ (28) $ 2,273 $ (28) $ 2,273 At December 31, 2023 Less than 12 months 12 months or more Total (in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value AFS MBS: Residential $ (3) $ 1,145 $ (10,457) $ 177,393 $ (10,460) $ 178,538 Commercial — 61 (7,479) 47,695 (7,479) 47,756 CMOs: Residential (368) 83,815 (33,171) 348,914 (33,539) 432,729 Commercial — — (6,059)