Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 151

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 151
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820)(70,787)(60,169)Net CDI and CRI, end of year$132,944 $165,477 $31,381 There was no impairment of CDI and CRI for the years ended December 31, 2024, 2023, and 2022.The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated: December 31, 2024(In thousands)Year Ending December 31, 2025$27,657 202624,412 202721,166 202817,920 202914,675 Thereafter27,114 Net CDI and CRI$132,944 

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

NOTE 8.  OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:December 31, Other Assets20242023(In thousands)Investments:   LIHTC investments $295,964 $347,478    SBIC investments 109,636 105,433    Alternative energy partnerships (HLBV investments)17,472 18,442    Other equity and CRA investments143,152 156,957       Total investments566,224 628,310 Interest receivable125,469 138,522 Operating lease ROU assets, net (1)100,092 133,126 Prepaid expenses39,432 43,498 Taxes receivable18,009 34,268 Foreclosed assets, net9,734 7,394 Equity warrants (2)3,763 3,689 Other receivables/assets51,231 142,442 Total other assets$913,954 $1,131,249 ____________________(1)    See Note 9. Leases for further details regarding the operating lease ROU assets.(2)    See Note 15. Fair Value Measurements for information regarding equity warrants.InvestmentsThe Company invests as a limited partner in LIHTC partnerships that operate qualified affordable housing projects and generate tax benefits for investors, including federal low income housing tax credits. The partnerships are deemed to be VIEs because they do not have sufficient equity investment at risk and are structured with non-substantive voting rights; however, we are not the primary