Mechanics Bancorp
For the period ended Jun 30, 2026. Filed Aug 7, 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.
Jun 30, 2026 · Filed Aug 7, 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 | GAAP | U.S. Generally Accepted Accounting Principles |
|---|---|---|---|
| ACL | Allowance for credit losses | Ginnie Mae (GNMA) | Government National Mortgage Association |
| AFS | Available-for-sale | HELOC | Home equity line of credit |
| 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 |
| C&I | Commercial and industrial loans | LHFS | Loans held for sale |
| CPR | Conditional Prepayment Rate | LIHTC | Low income housing tax credit |
| CRA | Community Reinvestment Act of 1977 | MBS | Mortgage-backed securities |
| CRE | Commercial real estate | 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.) |
| DUS® | Fannie Mae Multifamily Delegated Underwriting and Servicing Program | MSR | Mortgage servicing right |
| Fannie Mae (FNMA) | Federal National Mortgage Association | PCD | Purchased credit deteriorated |
| FASB | Financial Accounting Standards Board | PSU | Performance stock unit |
| Federal Reserve | Federal Reserve Bank | ROU | Right-of-use |
| FDIC | Federal Deposit Insurance Corporation | RSU | Restricted stock unit |
| FHLB | Federal Home Loan Bank | SBA | Small Business Administration |
| Fifth Third | Fifth Third Bank, National Association, a wholly-owned, indirect subsidiary of Fifth Third Bancorp | SEC | Securities and Exchange Commission |
| Ford Financial Funds | Ford Financial Fund II, LP. and Ford Financial Fund III, L.P. | SOFR | Secured Overnight Financing Rate |
| Freddie Mac (FHLMC) | Federal Home Loan Mortgage Corporation | TRUPs | Trust preferred securities |
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