Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 39

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 39
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72% of total deposits at December 31, 2024.

As of March 31, 2025, FDIC-insured deposits represented approximately 70% of total deposits, including accounts eligible for pass-through insurance, down from 72% as of December 31, 2024. Available liquidity (on-balance sheet liquidity plus unused borrowing capacity and unpledged AFS securities) was $15.1 billion at March 31, 2025, which exceeded uninsured and uncollateralized deposits of $7.4 billion, with a coverage ratio of 205% as compared to a coverage ratio of 221% at December 31, 2024. Available liquidity also represented 56% of total deposits at March 31, 2025. 

93

The following table summarizes the maturities of time deposits as of the date indicated:

Time Deposits$250,000OverMarch 31, 2025and Under$250,000Total (In thousands)Maturities:Due in three months or less$974,382 $191,101 $1,165,483 Due in over three months through six months789,104 461,613 1,250,717 Due in over six months through 12 months1,003,556 375,238 1,378,794 Total due within 12 months2,767,042 1,027,952 3,794,994 Due in over 12 months through 24 months612,597 66,652 679,249 Due in over 24 months4,488 6,609 11,097 Total due over twelve months617,085 73,261 690,346 Total $3,384,127 $1,101,213 $4,485,340 

Client Investment Funds

In addition to deposit products, we also offer select clients non-depository cash investment options through BAM, our registered investment adviser subsidiary, and third-party money market sweep products. BAM provides customized investment advisory and asset management solutions. At March 31, 2025, total off-balance sheet client investment funds were $1.6 billion, of which $0.8 billion was managed by BAM. At December 31, 2024, total off-balance sheet client investment funds were $1.5 billion, of which $0.7 billion was managed by BAM. 

Borrowings