Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 77

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 77
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1,667 $44,507 $43,720 $2,307,649 

20

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

Contractual Maturities of Securities Held-to-MaturityThe following tables present the contractual maturities of our HTM securities portfolio based on amortized cost and fair value as of the date indicated:March 31, 2025Due AfterDue AfterDue One Year Five YearsDue WithinThroughThroughAfterSecurity TypeOne YearFive YearsTen YearsTen YearsTotal(In thousands)Amortized Cost:Municipal securities$— $20,359 $477,179 $754,917 $1,252,455 Agency commercial MBS— 32,138 410,034 — 442,172 Private label commercial MBS— — 36,959 319,627 356,586 U.S. Treasury securities— — 190,726 — 190,726 Corporate debt securities— — 10,141 60,432 70,573 Total$— $52,497 $1,125,039 $1,134,976 $2,312,512 March 31, 2025Due AfterDue AfterDue One Year Five YearsDue WithinThroughThroughAfterSecurity TypeOne YearFive YearsTen YearsTen YearsTotal(In thousands)Fair Value:Municipal securities$— $20,333 $459,469 $713,031 $1,192,833 Agency commercial MBS— 30,082 383,953 — 414,035 Private label commercial MBS— — 35,137 301,608 336,745 U.S. Treasury securities— — 178,435 — 178,435 Corporate debt securities— — 9,800 48,062 57,862 Total$— $50,415 $1,066,794 $1,062,701 $2,179,910 Commercial MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral. Interest Income on Investment SecuritiesThe following table presents the composition of our interest income on AFS