Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 334

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 334
---
 planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

| /s/ Crowe LLP |

Sacramento, California March 20, 2025, except for Note 23 — EARNINGS PER SHARE for which the date is July 3, 2025

F-3

TABLE OF CONTENTS

MECHANICS BANK CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2024 AND 2023

| (in thousands, except shares)                                                                                                        |     | December 31, 2024 |     | December 31, 2023 |
|:-------------------------------------------------------------------------------------------------------------------------------------|:----|------------------:|:----|------------------:|
| ASSETS                                                                                                                               |     |                   |     |                   |
| Cash and cash equivalents                                                                                                            |     |          $999,711 |     |        $1,457,569 |
| Securities available-for-sale, at fair value                                                                                         |     |         3,065,251 |     |         2,343,173 |
| Securities held-to-maturity, at amortized cost (fair value of $1,196,000 and $1,309,249 at December 31, 2024 and 2023, respectively) |     |         1,440,494 |     |         1,542,116 |
| Loans held for sale                                                                                                                  |     |               543 |     |               440 |
| Loan and lease receivables                                                                                                           |     |         9,643,497 |     |        10,777,756 |
| Allowance for credit losses on loans and leases                                                                                      |     |           -88,558 |     |          -133,778 |
| Net loan and lease receivables                                                                                                       |     |         9,554,939 |     |        10,643,978 |
| Other real estate owned                                                                                                              |     |            15,600 |     |            17,011 |
| Federal Home Loan Bank stock, at cost                                                                                                |     |            17,250 |     |            17,250 |
| Premises and equipment, net                                                                                                          |     |           117,362 |     |           121,795 |
| Bank-owned life insurance                                                                                                            |     |            83,741 |     |            82,951 |
| Goodwill                                                                                                                             |     |