Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 166

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 166
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7.6 Agency residential CMOs538,069 24 %2.6 446,631 20 %3.2 Private label residential CMOs276,456 12 %4.0 316,910 14 %3.9 Collateralized loan obligations228,247 10 %— 279,416 12 %0.3 Corporate debt securities263,138 12 %1.1 257,712 12 %1.4 Agency commercial MBS60,872 3 %3.8 51,564 2 %1.9 Asset-backed securities14,402 1 %0.1 15,600 1 %0.1 Private label commercial MBS10,624 — %3.4 12,372 1 %3.6 SBA securities3,899 — %3.1 4,200 — %3.2 Municipal securities 602 — %0.7 594 — %3.7 Total securities available-for-sale$2,246,174 100 %4.3 $2,246,839 100 %4.4 

AFS securities decreased by $0.7 million to $2.2 billion at June 30, 2025 compared to $2.2 billion at December 31, 2024. The decrease was primarily driven by $209.7 million of principal paydowns, $3.7 million of net amortization, and a $0.8 million provision for credit losses, offset partially by purchases of $166.9 million and a $46.7 million increase in the fair value of AFS securities due to lower interest rates. As principal paydowns occurred, we reinvested in higher-yield securities to enhance our investment yield.

As of June 30, 2025, AFS securities had aggregate unrealized net after-tax losses in AOCI of $166.6 million compared to $200.1 million at December 31, 2024. The decrease in the AFS unrealized net losses related primarily to lower interest rates and the resulting impact on valuations.

Securities Held-to-Maturity 

The following table presents the composition and duration of our HTM securities as of the dates indicated:

 June 30, 2025December 31, 202