Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 46

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 7
Chunk 46
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284 Core net income (loss) per fully diluted share$(1.11)$0.44 Select Performance Ratios:Return on average equity(27.2)%(5.0)%Return on average tangible equity Net income (loss)(27.3)%(4.8)%Core (1)(3.6)%2.0 %Return on average assetsNet income (loss)(1.56)%(0.29)%Core (1)(0.23)%0.09 %Efficiency ratio (1)116.0 %95.6 %Net interest margin1.38 %1.88 %Other Data:Full time equivalent employees 827 902 

(1)Core net income (loss), core net income (loss) per fully diluted share, return on average tangible equity, core return on average tangible equity, core return on average assets and the efficiency ratio are non-GAAP financial measures. For a reconciliation of these measures to the nearest comparable GAAP financial measure or the computation of the measure, see “Non-GAAP Financial Measures” elsewhere in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

20

Summary Financial Data (continued)

 As of December 31, (dollars in thousands, except share and per share data)20242023Selected Balance Sheet Data:Loans held for sale ("LHFS")$20,312 $19,637 Loans held for investment ("LHFI"), net6,193,053 7,382,404 ACL38,743 40,500 Investment securities1,057,006 1,278,268 Total assets8,123,698 9,392,450 Deposits6,413,021 6,763,378 Borrowings1,000,000 1,745,000 Long-term debt225,131 224,766 Total shareholders' equity396,997 538,387 Other data:Book value per share$21.05 $28.62 Tangible book value per share (1)$20.67 $28.11 Total equity to total assets4.9 %5.7 %Tangible common equity to tangible assets (1)4.8 %5.6 %Shares outstanding at period end18,857,565 18,810,055 Loans to deposits ratio (Bank)97.4 %109.