Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 70

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 70
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)$861,840 Agency commercial MBS52,610 — (1,046)51,564 Agency residential CMOs467,319 223 (20,911)446,631 Municipal securities602 — (8)594 Corporate debt securities289,098 — (31,386)257,712 Private label residential CMOs352,615 7 (35,712)316,910 Collateralized loan obligations278,976 469 (29)279,416 Private label commercial MBS13,585 — (1,213)12,372 Asset-backed securities15,674 — (74)15,600 SBA securities4,564 — (364)4,200 Total (1)$2,526,644 $699 $(280,504)$2,246,839 _________________________(1)    Excludes accrued interest receivable of $12.6 million at December 31, 2024 which is recorded in "Other assets" on the condensed consolidated balance sheets.As of March 31, 2025, AFS securities with a fair value of $3.9 million were pledged as collateral solely for public deposits. 

15

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

Realized Gains and Losses on Securities Available-for-SaleThe were no sales of AFS securities for the three months ended March 31, 2025 and 2024.Unrealized Losses on Securities Available-for-Sale The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated: March 31, 2025 Less Than 12 Months12 Months or MoreTotalGrossGrossGrossFairUnrealizedFairUnrealizedFairUnrealizedSecurity TypeValueLossesValueLossesValueLosses (In thousands)Agency residential MBS$— $— $867,042 $(166,632)$867,042 $(166,632)Agency commercial MBS49,911 (41)11,293 (881)61,204 (922)Agency residential CMOs27,981 (66)104,865 (17,083)132,846 (17,149)Municipal securities —