Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 399

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 399
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 2024. Level 3 inputs for deposits were $930.5 million and $970.1 million as of March 31, 2025 and December 31, 2024, respectively. Accrued interest receivable: The carrying value is a reasonable approximation of fair value. Level 1 inputs for accrued interest receivable were $0 as of March 31, 2025 and December 31, 2024. Level 2 inputs for accrued interest receivable were $19.1 million and $16.3 million as of March 31, 2025 and December 31, 2024, respectively. Level 3 inputs for accrued interest receivable were $32.7 million and $33.6 million as of March 31, 2025 and December 31, 2024, respectively. Accrued interest payable: The carrying value is a reasonable approximation of fair value. Level 1 inputs for accrued interest payable were $595 and $499 thousand as of March 31, 2025 and December 31, 2024, respectively. Level 2 inputs for accrued interest payable were $0 as of March 31, 2025 and December 31, 2024. Level 3 inputs for accrued interest payable were $3.6 million and $5.5 million as of March 31, 2025 and December 31, 2024, respectively. Commitments to extend credit and standby and trade letters of credit: The fair value of these commitments is not a significant amount and is not disclosed. NOTE 10 – EARNINGS PER SHARE The following table summarizes the calculation of earnings per share:

| (in thousands, except share and per share data)    |     | Quarter Ended March 31, 
                    2025 |     |        2024 |
|:---------------------------------------------------|:----|------------------------:|:----|------------:|
| Net income (loss)                                  |     |                 $43,791 |     |  $(113,293) |
| Weighted average shares:                           |     |                         |     |             |
| Basic weighted average common shares outstanding   |     |                  64,230 |     |      64,225 |
| Dilutive effect of unvested restricted stock units |     |                      18 |     |           — |
| Diluted weighted average common shares outstanding |     |                  64,248 |     |      64,225 |
| Net income