Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 328

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 328
---
aturities of our HTM securities as of the date indicated:

Due AfterDue AfterDue One YearFive YearsWithinThroughThroughDue AfterOne YearFive YearsTen YearsTen YearsTotalAmortizedAmortizedAmortizedAmortizedAmortizedDecember 31, 2024CostRate(1)CostRate(1)CostRate(1)CostRate(1)CostRate(1)(Dollars in thousands)Municipal securities$— — %$20,281 4.11 %$449,652 2.03 %$781,431 3.65 %$1,251,364 3.08 %Agency commercial MBS— — %31,997 1.36 %408,479 2.06 %— — %440,476 2.01 %Private label commercial MBS— — %— — %36,846 2.96 %318,496 2.74 %355,342 2.76 %U.S. Treasury securities— — %— — %189,985 1.24 %— — %189,985 1.24 %Corporate debt securities— — %— — %10,151 6.30 %60,331 4.86 %70,482 5.07 %Total securities held-to-maturity$— — %$52,278 4.11 %$1,095,113 1.93 %$1,160,258 3.46 %$2,307,649 2.91 %

_______________________________________

(1)    Rates presented are weighted average rates. Rates on tax-exempt securities are contractual rates and are not presented on a tax-equivalent basis.

79

Loans and Leases Held for Investment

The following table presents the composition of our total loans and leases held for investment by loan portfolio segment, class, and subclass as of the dates indicated:

December 31,202420232022% of% of% ofBalanceTotalBalanceTotalBalanceTotal(Dollars in thousands)Real Estate Mortgage:Commercial real estate$3,540,612 15 %$3,874,804 15 %$2,537,629 9 %SBA program630,412 2 %632,110