MCHB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• You should read the following discussion and analysis of our financial condition and results of operations together with our unaudited consolidated financial statements and related notes appearing elsewhere in this Quarterly Report and in our Annual Report on Form 10-K for the year ended December 31…

• This Quarterly Report on Form 10-Q, including information incorporated by reference herein, contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Sectio…

• We caution readers that actual results may differ materially from those expressed in or implied by the Company’s forward-looking statements. Factors that could affect the Company’s future results from those expressed or implied in any forward-looking statements include, but are not limited to:

• •substantial non-recurring and integration costs, which may be greater than anticipated due to unexpected events;

• •negative developments and events impacting the financial services industry;

Text removed vs the prior filing · source: 10-Q · 2025-11-17

• You should read the following discussion and analysis of our financial condition and results of operations together with

• our unaudited consolidated financial statements and related notes appearing elsewhere in this Quarterly Report. This

• Quarterly Report contains forward-looking statements that involve risks and uncertainties, including those described in the

• section entitled “Cautionary Note Regarding Forward Looking Statements.” There are a number of important risks and

• uncertainties that could cause our actual results to differ materially from those discussed in these forward-looking

Text added vs the prior filing · source: 10-Q · 2026-05-08

• The primary objective of the following information is to provide forward-looking quantitative and qualitative information about our potential exposure to market risks. Market risk is defined as the sensitivity of income, fair value measurements and capital to changes in interest rates, foreign curre…

• Mechanics is engaged primarily in the business of investing funds obtained from deposits and borrowings in interest earning loans and investments, and our primary component of market risk is sensitivity to changes in interest rates. Consequently, our earnings depend to a significant extent on our ne…

• For the Company, price and interest rate risks arise from the financial instruments and positions we hold. This includes loans, MSRs, investment securities, deposits, borrowings, long-term debt and derivative financial instruments. Due to the nature of our current operations, we are not subject to f…

• The spread between the yield on interest-earning assets and the cost of interest-bearing liabilities and the relative dollar amounts of these assets and liabilities are the principal items affecting net interest income. Changes in net interest rates (interest rate risk) are influenced to a significa…

• We estimate the sensitivity of our net interest income to changes in market interest rates using an interest rate simulation model that includes assumptions related to the level of balance sheet growth, deposit repricing characteristics and the rate of prepayments for multiple interest rate change s…

Text removed vs the prior filing · source: 10-Q · 2025-11-17

• The primary objective of the following information is to provide forward-looking quantitative and qualitative information

• about our potential exposure to market risks. Market risk is defined as the sensitivity of income, fair value measurements

• and capital to changes in interest rates, foreign currency exchange rates, commodity prices and other relevant market rates

• or prices. The primary market risks that we are exposed to are price and interest rate risks. Price risk is defined as the risk

• to current or anticipated earnings or capital arising from changes in the value of either assets or liabilities that are entered

Text added vs the prior filing · source: 10-Q · 2026-05-08

• The Company carried out an evaluation, with the participation of our management and under the supervision of our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined under Rule 13a-15(e) and Rule 15d-15(e) of the Exchange…

• As required by Rule 13a-15(d) of the Exchange Act, our management, including our Chief Executive Officer and Chief Financial Officer, also conducted an evaluation of our internal control over financial reporting to determine whether any changes occurred during the quarter ended March 31, 2026 that h…

• The Merger, which was completed on September 2, 2025, has had a material impact on the financial position, results of operations, and cash flows of the combined company from the date of acquisition through March 31, 2026. The business combination also resulted in material changes in the combined com…

Text removed vs the prior filing · source: 10-Q · 2025-11-17

• The Company carried out an evaluation, with the participation of our management and under the supervision of our Chief

• Executive Officer and our Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as

• defined under Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) as of the end of the period covered by this

• report. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure

• controls and procedures were effective as of September 30, 2025.

Text added vs the prior filing · source: 10-Q · 2026-05-08

• Because the nature of our business involves the collection of numerous accounts, the validity of liens and compliance with various state and federal lending laws, we are subject to various legal proceedings in the ordinary course of our business related to foreclosures, bankruptcies, condemnation an…

Text removed vs the prior filing · source: 10-Q · 2025-11-17

• Because the nature of our business involves the collection of numerous accounts, the validity of liens and compliance with

• various state and federal lending laws, we are subject to various legal proceedings in the ordinary course of our business

• related to foreclosures, bankruptcies, condemnation and quiet title actions and alleged statutory and regulatory violations.

• We are also subject to other legal proceedings in the ordinary course of business. There are currently no matters that, in the

• opinion of management, would have a material adverse effect on our consolidated financial position, results of operation or

Text added vs the prior filing · source: 10-Q · 2026-05-08

• During the quarter ended March 31, 2026, none of our directors or officers adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408(a).

Text removed vs the prior filing · source: 10-Q · 2025-11-17

• During the quarter ended September 30, 2025, none of our directors or officers informed us of the adoption, modification,

• or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are

• Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

• Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

• Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to