Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 171

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 171
---
Fair ValueTechniqueInputsRangeAverage(Dollars in thousands)Individually evaluated loans and leases$5,815Discounted cash flowsDiscount rates8.00% - 8.25%8.03%Individually evaluated loans and leases7,171Third-party appraisalsNo discountsTotal non-recurring Level 3$12,986ASC Topic 825, “Financial Instruments,” requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate such fair values. Additionally, certain financial instruments and all nonfinancial instruments are excluded from the applicable disclosure requirements.The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated: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, savings and money market deposits22,625,485 22,625,485 — 22,625,485 — Time deposits4,566,424 4