v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of investments by fair value heirarchy
The following table sets forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis at December 31, 2025 and 2024:

December 31, 2025
Active Markets for Identical Assets
 (Level 1)		Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Mechanics Bancorp Class A common stock$2,214,894 $— $— $2,214,894 
Mutual funds159,261,879 — — 159,261,879 
Total$161,476,773 $— $— 161,476,773 
Investments measured at NAV (1)
11,535,876 
Total investments$173,012,649 
December 31, 2024
Active Markets for Identical Assets
 (Level 1)		Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total
Mechanics Bancorp Class A common stock$2,137,585 $— $— $2,137,585 
Mutual funds162,919,000 — — 162,919,000 
Total$165,056,585 $— $— 165,056,585 
Investments measured at NAV (1)
11,889,222 
Total investments$176,945,807 
(1)Investments measured at fair value using net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the hierarchy tables for such investments are intended to permit reconciliation of the fair value hierarchy to the investments at fair value line item presented in the statement of net assets available for benefits.
A summary of the Plan’s investments at December 31, 2025 and 2024, where fair value is estimated based on the NAV is presented below:
Investment2025 Fair Value2024 Fair ValueUnfunded CommitmentRedemption FrequencyRedemption RestrictionsNotice Period
Galliard Stable Return Fund C$11,535,876 $11,889,222 $— Same dayNoneNone