Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 119

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 119
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,081 — Interest rate and foreign exchange contracts5,480 5,480 — 5,480 — 

52

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

December 31, 2024Carrying Estimated Fair ValueAmountTotalLevel 1Level 2Level 3(In thousands)Financial Assets:Cash and due from banks$192,006 $192,006 $192,006 $— $— Interest-earning deposits in financial institutions2,310,206 2,310,206 2,310,206 — — Securities available-for-sale2,246,839 2,246,839 — 2,244,709 2,130 Securities held-to-maturity2,306,149 2,156,694 173,283 1,976,265 7,146 Investment in FRB and FHLB stock147,773 147,773 — 147,773 — Loans held for sale26,331 26,562 — 26,562 — Loans and leases held for investment, net23,542,303 22,412,073 — 45,962 22,366,111 Equity investments with readily determinable fair values3 3 3 — — Equity warrants3,763 3,763 — — 3,763 Cash flow hedges1,442 1,442 — 1,442 — Interest rate and foreign exchange contracts7,031 7,031 — 7,031 — Servicing rights19,623 21,040 — — 21,040 Financial Liabilities:Demand, checking, money market, and savings deposits22,625,485 22,625,485 — 22,625,485 — Time deposits4,566,424 4,556,575 — 4,556,575 — Borrowings1,391,814 1,382,742 — 1,263,904 118,838 Subordinated debt941,923 901,532 — 901,532 — Interest rate and foreign exchange contracts7,562 7,562 — 7,562 — Limit