Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 182

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 182
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 At June 30, 2025, noninterest-bearing deposits totaled $7.4 billion, or 27%, of total deposits, and interest-bearing deposits totaled $20.1 billion, or 73%, of total deposits, compared to noninterest-bearing deposits of $7.7 billion, or 28% of total deposits, and interest-bearing deposits of $19.5 billion, or 72% of total deposits, at December 31, 2024.

As of June 30, 2025, FDIC-insured deposits represented approximately 71% 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 $14.8 billion at June 30, 2025, which exceeded uninsured and uncollateralized deposits of $7.6 billion, with a coverage ratio of 196% as compared to a coverage ratio of 221% at December 31, 2024. Available liquidity also represented 54% of total deposits at June 30, 2025. 

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

Time Deposits$250,000OverJune 30, 2025and Under$250,000Total (In thousands)Maturities:Due in three months or less$991,717 $469,377 $1,461,094 Due in over three months through six months775,035 290,181 1,065,216 Due in over six months through 12 months1,230,577 282,442 1,513,019 Total due within 12 months2,997,329 1,042,000 4,039,329 Due in over 12 months through 24 months663,567 84,603 748,170 Due in over 24 months6,325 11,055 17,380 Total due over twelve months669,892 95,658 765,550 Total $3,667,221 $1,137,658 $4,804,879 

Client Investment Funds

In addition to deposit products, we also offer alternative, non-depository corporate treasury solutions for clients to invest excess liquidity. These off-balance sheet client funds totaled $1.5 billion at both