Company: MCHB
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001518715-25-000026
Chunk: 104

Company: Mechanics Bancorp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 104
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— (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)$981,969 HTMMunicipal bonds$— $— $(28)$2,273 $(28)$2,273 At December 31, 2023 Less than 12 months12 months or moreTotal(in thousands)GrossunrealizedlossesFairvalueGrossunrealizedlossesFairvalueGrossunrealizedlossesFairvalueAFSMBS:Residential$(3)$1,145 $(10,457)$177,393 $(10,460)$178,538 Commercial— 61 (7,479)47,695 (7,479)47,756 CMOs:Residential(368)83,815 (33,171)348,914 (33,539)432,729 Commercial— — (6,059)57,397 (6,059)57,397 Municipal bonds(73)7,489 (47,780)364,775 (47,853)372,264 Corporate debt securities— — (7,098)28,513 (7,098)28,513 U.S. Treasury securities— — (2,474)20,184 (2,474)20,184 Agency debentures(135)42,897 (1,167)11,003 (1,302)53,900 Total$(579)$135,407 $(115,685)$1,055,874 $(116,264)$1,191,281 HTMMunicipal bonds$— $— $(40)$2,331 $(40)$2,331 The Company has evaluated AFS securities in an unrealized loss position