Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 170

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 170
---
% of total deposits at March 31, 2025. 

93

The following table summarizes the maturities of time deposits as of the date indicated:

Time Deposits$250,000OverMarch 31, 2025and Under$250,000Total (In thousands)Maturities:Due in three months or less$974,382 $191,101 $1,165,483 Due in over three months through six months789,104 461,613 1,250,717 Due in over six months through 12 months1,003,556 375,238 1,378,794 Total due within 12 months2,767,042 1,027,952 3,794,994 Due in over 12 months through 24 months612,597 66,652 679,249 Due in over 24 months4,488 6,609 11,097 Total due over twelve months617,085 73,261 690,346 Total $3,384,127 $1,101,213 $4,485,340 

Client Investment Funds

In addition to deposit products, we also offer select clients non-depository cash investment options through BAM, our registered investment adviser subsidiary, and third-party money market sweep products. BAM provides customized investment advisory and asset management solutions. At March 31, 2025, total off-balance sheet client investment funds were $1.6 billion, of which $0.8 billion was managed by BAM. At December 31, 2024, total off-balance sheet client investment funds were $1.5 billion, of which $0.7 billion was managed by BAM. 

Borrowings

The following table summarizes our borrowings as of the dates indicated:

March 31, 2025December 31, 2024WeightedWeightedAverageAverageBalanceRateBalanceRate(Dollars in thousands)FHLB secured advances$1,379,842 4.07 %$1,100,000 3.93 %Senior Notes174,000 5.25 %174,000 5.25 %Credit-linked notes117,196 15.07 %118,838 15.29 %Total borrowings1,671,038 4.96 %1,392,838 5.06 %Acquisition discount on senior notes(