Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 168

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 168
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FI portfolio. The following table presents the amount of allowance for credit losses on loans and leases by product type, as well as the percentage of each respective portfolio’s loan balance to total loans:

|                         |     | March 31, 2025 |     |              |     | December 31, 2024 |     |              |
|:------------------------|:----|---------------:|:----|:-------------|:----|------------------:|:----|:-------------|
| (in thousands)          |     |        Balance |     | Loan         
 balance % to 
 total loans  |     |           Balance |     | Loan         
 balance % to 
 total loans  |
| Commercial & Industrial |     |         $4,297 |     | 3.7%         |     |            $4,869 |     | 4.2%         |
| Commercial Real Estate  |     |         34,995 |     | 52.2%        |     |            35,097 |     | 51.0%        |
| Residential Real Estate |     |          4,763 |     | 24.8%        |     |             4,656 |     | 23.6%        |
| Auto                    |     |         28,935 |     | 14.5%        |     |            41,282 |     | 16.6%        |
| Installment             |     |          2,525 |     | 4.8%         |     |             2,654 |     | 4.6%         |
| Total ACL               |     |        $75,515 |     | 100.0%       |     |           $88,558 |     | 100.0%       |

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TABLE OF CONTENTS

The decline in ACL during the reporting period primarily reflects the runoff of our auto loan portfolio, which we exited in the first quarter of 2023. The following table presents net charge-offs for our loan portfolio for the dates indicated:

|                         |     | Quarter Ended March 31, 
                    2025 |     |                 |     |       |     |         2024 |     |                 |     |         |
|:------------------------|:----|------------------------:|:----|----------------:|:----|:------|:----|-------------:|:----|----------------:|:----|:--------|
| (in