Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 469

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 469
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202,427 $— $— Interest‑earning deposits in financial institutions5,175,149 5,175,149 5,175,149 — — Securities available‑for‑sale2,346,864 2,346,864 4,968 2,301,647 40,249 Securities held-to-maturity2,287,291 2,168,316 175,579 1,976,015 16,722 Investment in FHLB stock126,346 126,346 — 126,346 — Loans held for sale122,757 126,646 — 126,646 — Loans and leases held for investment, net25,208,000 23,551,725 — 4,051 23,547,674 Equity investments with readily determinable fair values1 1 1 — — Equity warrants3,689 3,689 — — 3,689 Interest rate and foreign exchange contracts8,309 8,309 — 8,309 — Servicing rights22,174 22,174 — — 22,174 Financial Liabilities:Demand, checking, savings and money market deposits23,768,896 23,768,896 — 23,768,896 — Time deposits6,632,873 6,732,246 — 6,732,246 — Borrowings2,911,322 2,908,527 — 2,785,411 123,116 Subordinated debt936,599 851,625 — 851,625 — Cash flow hedges4,090 4,090 — 4,090 — Interest rate and foreign exchange contracts6,459 6,459 — 6,459 — The following is a description of the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820, “Fair Value Measurement”) and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825).Cash and due from banks. The carrying amount is assumed to be the fair value because of the liquidity of these instruments.Interest‑earning deposits in financial institutions. The carrying amount is assumed to be the fair value given the short‑term nature of these deposits.Securities available