Company: MCHB
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001518715-25-000110
Chunk: 24

Company: Mechanics Bancorp
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 24
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3,602 Home equity and other3,356 (27)33 (237)3,125 Total7,058 (27)34 (338)6,727 Total ACL$39,634 $(47)$59 $6,160 $45,806 Quarter Ended June 30, 2024(in thousands)Beginning balanceCharge-offsRecoveriesProvision Ending balanceCRENon-owner occupied CRE$2,131 $— $— $(354)$1,777 Multifamily18,947 — — (1,877)17,070 Construction/land developmentMultifamily construction1,621 — — 350 1,971 CRE construction188 — — (153)35 Single family construction5,578 — — (133)5,445 Single family construction to permanent435 — — (135)300 Total28,900 — — (2,302)26,598 Commercial and industrial loansOwner occupied CRE836 — — (105)731 Commercial business2,646 (39)39 2,949 5,595      Total 3,482 (39)— 39 — 2,844 — 6,326 Consumer loansSingle family4,273 — 1 (430)3,844 Home equity and other3,022 (87)22 16 2,973 Total7,295 (87)23 (414)6,817 Total ACL$39,677 $(126)$62 $128 $39,741 

16

Six Months Ended June 30, 2025(in thousands)Beginning balanceCharge-offsRecoveriesProvisionEnding balanceCRENon-owner occupied CRE$1,739 $— $— $52 $1,791 Multifamily14,909 — — 4,039 18,948 Construction/land developmentMultifamily construction849 — — 310 1,159 CRE construction66 — — 5 71 Single family construction6,737 — — (1,537)5,200 Single family construction to permanent184 — — (34)150 Total24,484 — — 2,835 27,319 Commercial and industrial