Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 110

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 110
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$6,636 202624,412 202721,166 202817,920 202914,675 Thereafter27,114 Net CDI and CRI$111,923 

49

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

NOTE 6.  OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:September 30,December 31,Other Assets20252024(In thousands)Investments:LIHTC investments $271,814 $295,964 SBIC investments 116,870 109,636 Alternative energy partnerships (HLBV investments)16,429 17,472 Other equity and CRA investments149,380 143,152       Total investments554,493 566,224 Interest receivable127,466 125,469 Operating lease ROU assets, net (1)101,520 100,092 Prepaid expenses35,307 39,432 Taxes receivable8,491 18,009 Foreclosed assets, net4,790 9,734 Equity warrants 3,418 3,763 Other receivables/assets47,600 51,231 Total other assets$883,085 $913,954 ____________________(1)    See Note 7. Leases for further details regarding the operating lease ROU assets.

NOTE 7.  LEASES

Operating Leases as a LesseeOur lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In thousands)Operating lease expense:Fixed costs$7,205 $7,689 $21,501 $26,051 Variable costs36 299 271 447 Short-term lease costs233 267 679 407 Sublease income(1,065)(1,129)(3,353)(3,646)Net lease expense$6,409 $7,126 $19,098 $23,259 The following table presents supplemental cash flow information related to leases for the periods indicated:Nine Months EndedSeptember 30,20252024(In thousands)Cash paid for amounts included in