Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 20

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 20
---
 are referred to as changes in “volume.” The change in interest income/expense attributable to rate reflects the change in rate multiplied by the prior year’s volume. The change in interest income/expense attributable to volume reflects the change in volume multiplied by the prior year’s rate. The change in interest income/expense not attributable specifically to either rate or volume is allocated ratably between the two categories.

The following table presents changes in interest income (tax equivalent) and interest expense and related changes in rate and volume for the years indicated:

2024 Compared to 20232023 Compared to 2022TotalIncrease (Decrease)TotalIncrease (Decrease)IncreaseDue toIncreaseDue to(Decrease)RateVolume(Decrease)RateVolume(In thousands)Interest Income:Loans and leases (1)$2,833 $47,993 $(45,160)$178,252 $215,431 $(37,179)Investment securities (1)(34,202)26,694 (60,896)(40,628)17,047 (57,675)Deposits in financial institutions(129,270)3,964 (133,234)265,489 156,500 108,989 Total interest income (1)(160,639)78,651 (239,290)403,113 388,978 14,135 Interest Expense:Interest checking deposits 20,178 (2,780)22,958 154,241 152,848 1,393 Money market deposits(51,851)(9,644)(42,207)94,651 140,477 (45,826)Savings deposits35,443 4,199 31,244 30,790 30,588 202 Time deposits (36,209)16,378 (52,587)268,292 144,192 124,100 Total interest-bearing deposits(32,439)8,153 (40,592)547,974 468,105 79,869 Borrowings(312,346)(14,986)(297,360)391,099 62,576 328,523 Subordinated debt7,568 3,157 4,411 19,072 18,524 548 Total interest expense (337,217)(3,676)(333,541)958,145 549,205 408