Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 42

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 42
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,000 and under$3,667,221 13 %$3,468,376 13 %Time deposits over $250,0001,137,658 4 %1,098,048 4 %Total time deposits$4,804,879 17 %$4,566,424 17 %

Total deposits increased by $336.5 million to $27.5 billion at June 30, 2025 compared to $27.2 billion at December 31, 2024. The increase of $336.5 million in total deposits was due primarily to increases of $363.7 million in checking accounts and $233.8 million in brokered time deposits, offset partially by a decrease of $278.8 million in noninterest-bearing checking accounts. 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 months