Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 60

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 60
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 $6.3 billion is available. The FRBSF Discount Window secured credit line was collateralized by liens on $5.9 billion of qualifying loans and $1.5 billion of pledged securities.

In addition to its secured lines of credit with the FHLB and FRBSF, the Bank also maintains unsecured lines of credit for the purpose of borrowing overnight funds, subject to availability, of $265.0 million in the aggregate with several correspondent banks. As of December 31, 2024, there was no balance outstanding related to these unsecured lines of credit. The Bank is a member of the AFX, through which it may either borrow or lend funds on an overnight or short-term basis with a group of pre-approved commercial banks. The availability of funds changes daily. As of December 31, 2024, there was no outstanding balance through the AFX. Additionally, the holding company has a $50.0 million unsecured revolving line of credit with a correspondent bank. As of December 31, 2024, there was no balance outstanding. 

100

The following tables provide a summary of the Company’s primary and secondary liquidity levels at the dates indicated:

December 31,December 31, Primary Liquidity - On-Balance Sheet20242023(Dollars in thousands)Cash and due from banks$192,006 $202,427 Interest-earning deposits in financial institutions2,310,206 5,175,149 Less: Restricted cash(184,159)(185,147)Securities available-for-sale, at fair value2,246,839 2,346,864 Less: Pledged securities available-for-sale, at fair value(4,200)(2,063,754)Less: Haircut on securities available-for-sale(193,191)— Total primary liquidity$4,367,501 $5,475,539 Ratio of primary liquidity to total assets13.0 %14.2 %

Secondary Liquidity - Off-Balance Sheet December 31,December 31, Available Secured Borrowing Capacity20242023(In thousands)Total secured borrowing capacity with the FHLB$6,853,652 $5,302,210 Less: Secured advances outstanding(1,100,000)— Less: Letters of credit(527,893)(243,801)Available secured borrowing capacity with the FHLB5,225,759 4,502,682 Available secured borrowing capacity