Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 112

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 112
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 June 30, 2025 of $7.1 billion, collateralized by a blanket lien on $10.6 billion of qualifying loans and $19.4 million of securities. As of June 30, 2025, there were $568.7 million in letters of credit pledged and $1.7 billion outstanding. As of December 31, 2024, there were $527.9 million in letters of credit pledged and a $1.1 billion balance outstanding.The following table presents the interest rates and maturity dates of FHLB secured advances as of the date indicated:June 30, 2025MaturityFHLB Secured AdvancesBalanceRateDate(Dollars in thousands)Term advance200,000 4.55 %08/04/2025Term advance150,000 4.59 %06/26/2026Term advance100,000 3.79 %02/01/2027Term advance100,000 3.79 %03/01/2027Term advance100,000 3.78 %04/01/2027Term advance150,000 4.63 %05/28/2027Term advance150,000 4.63 %06/03/2027Term advance150,000 4.39 %06/03/2027Term advance100,000 3.88 %06/24/2027Callable term advance500,000 3.18 %09/18/2034Total FHLB secured advances$1,700,000 3.98 %FRBSF Secured Line of Credit.  The Bank has a secured line of credit with the FRBSF. As of June 30, 2025, the Bank had secured borrowing capacity of $5.7 billion collateralized by liens covering $5.3 billion of qualifying loans and $1.5 billion of securities. As of June 30, 2025 and December 31, 2024, there was no balance outstanding.Senior Notes. The Senior Notes were unsecured debt obligations and ranked equally with our other unsecured unsubordinated obligations. We made interest payments on the Senior Notes semi-annually in arrears. On April 4, 2025, the Company repaid the Senior Notes in full that were scheduled to mature on April 15, 2025.

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BANC OF CALIFORNIA, INC.