Mechanics Bank (MCHB)

Mechanics Bank Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	999.71	1,458	331.63	1,001	1,172
Investment Securities	209.49	272.7	300.92	375.34	369.85
Trading Asset Securities	12.84	18.08	28.06	36.25	81.41
Mortgage-Backed Securities	4,311	3,630	4,036	5,711	5,038
Total Investments	4,533	3,921	4,365	6,122	5,489
Gross Loans	9,643	10,778	12,043	11,006	11,123
Allowance for Loan Losses	-88.56	-133.78	-126.72	-135.83	-129.25
Net Loans	9,555	10,644	11,916	10,870	10,994
Property, Plant & Equipment	170.91	177.07	171.6	166.28	204.19
Goodwill	843.3	843.3	843.3	843.3	843.3
Other Intangible Assets	38.74	52.21	69.66	90.77	115.78
Loans Held for Sale	0.54	0.44	-	0.51	0.35
Accrued Interest Receivable	49.95	48.14	51.42	45.3	49.79
Long-Term Deferred Tax Assets	51.65	113.44	130.25	40.28	10.73
Other Real Estate Owned & Foreclosed	15.6	17.01	0.11	0.43	14.49
Other Long-Term Assets	214.34	210.21	239.72	225.09	231.97
Total Assets	16,490	17,502	18,136	19,423	19,143
Accrued Expenses	-	-	3.5	5	5.2
Interest Bearing Deposits	7,918	7,706	7,950	8,331	8,490
Institutional Deposits	407.69	404.42	279.88	253.32	359.3
Non-Interest Bearing Deposits	5,616	6,188	7,266	8,183	7,497
Total Deposits	13,942	14,298	15,496	16,767	16,347
Short-Term Borrowings	11.06	15.24	283.98	29.32	74.59
Current Portion of Leases	13.83	-	-	-	-
Accrued Interest Payable	157.37	97.29	126.12	1.44	2.61
Long-Term Debt	-	774.97	24.93	24.89	24.85
Long-Term Leases	42.26	57.74	46.09	38.05	53.04
Pension & Post-Retirement Benefits	21.91	22.81	24.04	28.76	23.23
Other Long-Term Liabilities	-	-	-	141.01	145.62
Total Liabilities	14,188	15,266	16,004	17,035	16,676
Common Stock	3.21	3.21	3.21	3.21	3.21
Additional Paid-In Capital	2,119	2,119	2,118	2,118	2,118
Retained Earnings	239.52	305.51	251.41	269.87	280.85
Comprehensive Income & Other	-59.77	-191.79	-241.78	-3.64	64.77
Shareholders' Equity	2,302	2,236	2,131	2,388	2,467
Total Liabilities & Equity	16,490	17,502	18,136	19,423	19,143
Total Debt	67.16	847.94	355	92.25	152.47
Net Cash (Debt)	945.39	627.71	4.69	945.29	1,101
Net Cash Growth	50.61%	13287.59%	-99.50%	-14.12%	16.43%
Net Cash Per Share	14718.81	9773.55	73.01	14720.07	17140.12
Filing Date Shares Outstanding	0.06	0.06	0.06	0.06	0.06
Total Common Shares Outstanding	0.06	0.06	0.06	0.06	0.06
Book Value Per Share	35837.90	34808.95	33187.16	37182.36	38418.53
Tangible Book Value	1,420	1,340	1,218	1,454	1,508
Tangible Book Value Per Share	22105.24	20865.56	18970.92	22636.92	23483.78

Source: S&P Global Market Intelligence. Banks template. Financial Sources.