Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 48

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 48
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 26 %$11,212,357 33 %Interest-bearing:Checking7,610,705 28 %7,808,764 26 %7,938,911 23 %Money market5,361,635 20 %6,187,889 20 %9,469,586 28 %Savings1,933,232 7 %1,997,989 6 %577,637 2 %Time:Non-brokered2,488,217 9 %3,139,270 10 %2,434,414 7 %Brokered2,078,207 8 %3,493,603 12 %2,303,429 7 %Total time deposits 4,566,424 17 %6,632,873 22 %4,737,843 14 %Total interest-bearing19,471,996 72 %22,627,515 74 %22,723,977 67 %Total deposits$27,191,909 100 %$30,401,769 100 %$33,936,334 100 %

The following table presents time deposits based on the $250,000 FDIC insured limit as of the dates indicated:

December 31,202420232022% of% of% ofTotalTotalTotalTime DepositsBalanceDepositsBalanceDepositsBalanceDeposits(Dollars in thousands)Time deposits $250,000 and under$3,468,376 13 %$5,526,396 18 %$3,198,434 9 %Time deposits over $250,0001,098,048 4 %1,106,477 4 %1,539,409 5 %Total time deposits$4,566,424 17 %$6,632,873 22 %$4,737,843 14 %

92

During 2024, total deposits decreased by $3.2 billion, or 10.6%, to $27.2 billion at December 31, 2024, due primarily to decreases of $1.4 billion in brokered time deposits, $0.8 billion in money market accounts, and $0.7 billion in non-brokered time deposits. At December 31, 2024, noninterest-bearing deposits