Mechanics Bancorp
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I – FINANCIAL INFORMATION
Glossary of Acronyms, Abbreviations, and Terms
The acronyms, abbreviations, and terms listed below are used in various sections of this Quarterly Report on Form 10-Q, including “Item 1. Financial Statements” and “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
| 2025 Equity Plan | Mechanics Bancorp 2025 Equity Incentive Plan | Freddie Mac (FHLMC) | Federal Home Loan Mortgage Corporation |
|---|---|---|---|
| ACL | Allowance for credit losses | GAAP | U.S. Generally Accepted Accounting Principles |
| AFS | Available-for-sale | Ginnie Mae (GNMA) | Government National Mortgage Association |
| AOCI | Accumulated other comprehensive income (loss) | HTM | Held-to-maturity |
| ASC | Accounting Standards Codification | IRLC | Interest rate lock commitment |
| ASU | Accounting Standards Update | LHFI | Loans held for investment |
| AUM | Assets under management | LHFS | Loans held for sale |
| BOLI | Bank owned life insurance | LIHTC | Low income housing tax credit |
| C&I | Commercial and industrial loans | MBS | Mortgage-backed securities |
| CDFPI | California Department of Financial Protection and Innovation | Merger | Merger on September 2, 2025 in which HomeStreet Bank merged with and into Mechanics Bank, and Mechanics Bank became a wholly-owned subsidiary of Mechanics Bancorp (formerly HomeStreet, Inc.) |
| CECL | Current expected credit loss | MSR | Mortgage servicing right |
| CPR | Conditional Prepayment Rate | OREO | Other real estate owned |
| CRA | Community Reinvestment Act of 1977 | PCD | Purchased credit deteriorated |
| CRE | Commercial real estate | PSL | Purchased seasoned loans |
| DUS® | Fannie Mae Multifamily Delegated Underwriting and Servicing Program | PSU | Performance stock unit |
| EPS | Earnings per share | ROU | Right-of-use |
| Fannie Mae (FNMA) | Federal National Mortgage Association | RSU | Restricted stock unit |
| FASB | Financial Accounting Standards Board | SBA | Small Business Administration |
| Federal Reserve | Federal Reserve Bank | SEC | Securities and Exchange Commission |
| FDIC | Federal Deposit Insurance Corporation | SFR | Single family residential |
| FHLB | Federal Home Loan Bank | SOFR | Secured Overnight Financing Rate |
| Fifth Third | Fifth Third Bank, National Association, a wholly-owned, indirect subsidiary of Fifth Third Bancorp | TRUPs | Trust preferred securities |
| Ford Financial Funds | Ford Financial Fund II, LP. and Ford Financial Fund III, L.P. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.