Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 399

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 399
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 |
| Two to three years  |     |    6,477 |
| Three to four years |     |    4,489 |
| Four to five years  |     |    3,651 |
| Thereafter          |     |    1,546 |
|                     |     | $930,335 |

The Bank accepts public deposits from various state, city and municipal agencies. Public deposits totaling $1.28 billion and $1.20 billion are included in demand deposits, interest bearing transaction accounts, savings accounts and time certificates of deposit as presented in the Consolidated Balance Sheets at March 31, 2025 and December 31, 2024, respectively. As required by law, the Bank pledges marketable securities as collateral for its public deposits in quantities of not less than 110% of the Bank’s deposit obligations for these public funds. The Bank had $1.4 billion and $1.4 billion pledged as collateral as of March 31, 2025 and December 31, 2024, respectively. The Bank accepts deposits from its Investment Management and Trust Department for the benefit of certain trust customers. In accordance with state trust regulations, the Bank is required to secure any trust deposits that are in excess of the $250 thousand FDIC insurance limits by pledging marketable securities equal to those excess deposit balances. As of March 31, 2025 and December 31, 2024, the Bank held trust deposits of $1.31 million and $820 thousand, respectively, that were in excess of $250 thousand and which required securities collateralization. NOTE 7 – BORROWINGS ARRANGEMENTS Federal Home Loan Bank (FHLB) Advances The Bank did not have any outstanding FHLB Advances as of March 31, 2025 and December 31, 2024. As of March 31, 2025 and December 31, 2024, the Bank’s investment in capital stock of the FHLB of San Francisco totaled $17.3 million. The Bank had $6.5 billion of loans pledged to the FHLB, which permits up to $3.8 billion of additional borrowing capacity as of March 31, 2025. Federal Reserve Bank Discount Window The Bank had no outstanding Discount Window borrowings as of March 31, 2025 and December 31, 2024. The Bank had pledged $1.7 billion of Consumer loans through the Borrower-In-Custody Program and