Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 125

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 125
---
 sale are classified as Level 2 in the fair value hierarchy.The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated: Three Months EndedSix Months EndedLosses on Assets June 30,June 30,Measured on a Non-Recurring Basis2025202420252024(In thousands)Individually evaluated loans and leases$490 $2,680 $1,394 $11,232 OREO367 340 424 579 Total losses$857 $3,020 $1,818 $11,811 The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated: June 30, 2025ValuationUnobservableInput orWeightedAssetFair ValueTechniqueInputsRangeAverage(In thousands)Individually evaluated loans and leases (1)$543Discounted cash flowsDiscount rates4.25% - 4.25%4.25%Individually evaluated loans and leases4,284Third-party appraisalsNo discountsTotal non-recurring Level 3$4,827__________________(1)    Relates to one loan at June 30, 2025.

60

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

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:June 30, 2025Carrying Estimated Fair ValueAmountTotalLevel 1Level 2Level 3(In thousands)Financial Assets:Cash and due from banks$222,210 $222,210 $222,210 $— $— Interest-earning deposits in financial institutions2,131,342 2,131,342 2,131,342 — — Securities available-for-sale2,246,174 2,246,174 — 2,243,924 2,250 Securities held-to-maturity2,316,725 2,195,476 181,633 2,010,087 3,756 Investment in FRB and FHLB stock162,243 162,243 — 162,243 — Loans held for sale465,571 465,774 — 465,774 — Loans and leases held for investment, net24,