Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 155

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 155
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 $562,188 |
| Time deposits of $250,000 or more |     |         248,581 |     |         99,522 |     |          50,123 |     |       9,465 |     |  407,691 |
| Total                             |     |        $508,333 |     |       $262,713 |     |        $141,074 |     |     $57,759 |     | $969,879 |

Credit Risk Management: Delinquent Loans, Nonperforming Assets and Allowance for Credit Losses on Loans and Leases As of December 31, 2024 and December 31, 2023, our ratio of nonaccrual loans to total loans was 0.11% and 0.36%, respectively, and our ratio of past due and accruing and nonaccrual loans to total loans was 1.04% and 1.47%, respectively. As of December 31, 2024 and December 31, 2023, our ratio of ACL to nonaccrual loans was 828.22% and 342.70%, respectively. The $28.3 million decrease in nonaccrual loans during 2024 was primarily related to a foreclosure.

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TABLE OF CONTENTS

Delinquent, nonaccrual and current loans by loan type consisted of the following:

|                                 |     |           December 31, 2024 |     |         |     |         |     |            |     |            |     |            |     |             |
|:--------------------------------|:----|----------------------------:|:----|--------:|:----|--------:|:----|-----------:|:----|-----------:|:----|-----------:|:----|------------:|
|                                 |     | Past Due and Still Accruing |     |         |     |         |     |            |     |            |     |            |     |             |
| (in thousands)                  |     |                       30-59 
                        days |     |   60-89 
    days |     | 90 days 
      or 
    more |     | Nonaccrual |     | Total past 
    due and 
 nonaccrual |     |    Current |     | Total loans |
| Commercial & Industrial         |     |                      $1,920 |     |     $72 |     |    $211 |     |