Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 76

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 76
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ryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,236,645 $(20)$1,236,625 $1,285 $(33,921)$1,203,989 Agency commercial MBS445,605 — 445,605 — (20,778)424,827 Private label commercial MBS359,091 — 359,091 — (10,467)348,624 U.S. Treasury securities192,255 — 192,255 — (8,719)183,536 Corporate debt securities70,756 (675)70,081 — (7,435)62,646 Total (1)$2,304,352 $(695)$2,303,657 $1,285 $(81,320)$2,223,622 __________________________(1)    Excludes accrued interest receivable of $11.2 million at September 30, 2025 which is recorded in "Other assets" on the condensed consolidated balance sheets.

22

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

 December 31, 2024AllowanceforNetGrossGrossAmortizedCreditCarryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,251,364 $(140)$1,251,224 $35 $(54,799)$1,196,460 Agency commercial MBS440,476 — 440,476 — (37,840)402,636 Private label commercial MBS355,342 — 355,342 — (26,226)329,116 U.S. Treasury securities189,985 — 189,985 — (16,702)173,283 Corporate debt securities70,482 (1,360)69,122 — (13,923)55,199 Total (1)$2,307,649 $(1,500)$2,306,149 $35 $(149,490)$2,156,694 __________________________(1)    Excludes accrued interest receivable of $13.4 million at December 31, 202