Company: MCHB
Filing Date: 2025-04-15
Form Type: ARS
Source: 0001518715-25-000069
Chunk: 19

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: ARS
Chunk 19
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36 % Other 2,516,366 4.37 % 2,009,946 3.95 % Total interest-bearing deposits 5,217,240 3.31 % 5,456,875 3.19 % Total deposits $ 6,413,021 2.65 % $ 6,763,378 2.58 % The following table presents the schedule of maturities of certificates of deposit as of December 31, 2024: (in thousands) Three Months or Less Over Three Months to Twelve Months Over One Year through Three Years Over Three Years Total Time deposits of $250,000 or less $ 1,486,016 $ 1,417,146 $ 97,155 $ 2,115 $ 3,002,432 Time deposits of $250,000 or more 87,610 166,521 10,671 538 265,340 Total $ 1,573,626 $ 1,583,667 $ 107,826 $ 2,653 $ 3,267,772 18

Credit Risk Management: Delinquent Loans, Nonperforming Assets and Provision for Credit Losses During 2024, our ratios of nonperforming assets to total assets and total loans delinquent over 30 days, including nonaccrual loans, increased, partially as a result of the sale of $990 million of multifamily loans in the fourth quarter. As of December 31, 2024, our ratio of nonperforming assets to total assets was 0.71% as compared to 0.45% at December 31, 2023, and our ratio of total loans delinquent over 30 days, including nonaccrual loans, to total loans was 1.06% as compared to 0.72% at December 31, 2023. The $16 million increase in nonaccrual loans during 2024 was primarily related to a syndicated commercial loan which we are participating. Delinquent loans by loan type consisted of the following: At December 31, 2024 Past Due and Still Accruing (in thousands) 30-59 days 60-89 days 90 days or more Nonaccrual Total past due and nonaccrual (1) Current Total loans CRE Non- owner occupied CRE $ — $ — $ — $ 16,230 $ 16,230 $ 554,520 $