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

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 25
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398,265 $2,502,212 $(103,947)Securities available-for-sale2,426,734 2,246,839 179,895 Securities held-to-maturity2,303,657 2,306,149 (2,492)Loans held for sale211,454 26,331 185,123 Loans and leases held for investment24,110,642 23,781,663 328,979 Total loans and leases24,322,096 23,807,994 514,102 Total assets34,012,965 33,542,864 470,101 Noninterest-bearing deposits7,603,748 7,719,913 (116,165)Total deposits27,184,765 27,191,909 (7,144)Borrowings2,005,022 1,391,814 613,208 Subordinated debt950,888 941,923 8,965 Total liabilities30,546,226 30,042,915 503,311 Total stockholders' equity3,466,739 3,499,949 (33,210)

Cash and Cash Equivalents

Cash and cash equivalents decreased by $103.9 million to $2.4 billion at September 30, 2025 compared to $2.5 billion at December 31, 2024, primarily attributable to the use of cash to support loan growth.

92

Securities Available-for-Sale 

The following table presents the composition and durations of our AFS securities as of the dates indicated:

 September 30, 2025December 31, 2024Fair% of DurationFair% of DurationSecurity TypeValueTotal(in years)ValueTotal(in years) (Dollars in thousands)Agency residential MBS$844,155 35 %7.7 $861,840 38 %7.6 Agency residential CMOs781,982 32 %2.7 446,631 20 %3.2 Private label residential CMOs258,693 11 %3.9 316,910 14 %3.9 Collateralized loan obligations206,474 9 %— 279,416 12 %0.3 Corporate debt securities256,948 11 %1.0 257,712 12 %1