Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 170

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 170
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3 credit-linked notes measured at fair value on a recurring basis for the year indicated: Year Ended December 31,Level 3 Credit-Linked Notes202420232022(In thousands)Balance, beginning of year  $123,116 $132,030 $— Total included in earnings(1,411)5,404 911 Total included in other comprehensive income2,589 (7,794)— Issuances— — 132,815 Principal payments(5,456)(6,524)(1,696)Balance, end of year$118,838 $123,116 $132,030 The following tables present assets measured at fair value on a non‑recurring basis as of the dates indicated:Fair Value Measurement as ofDecember 31, 2024Measured on a Non‑Recurring BasisTotalLevel 1Level 2Level 3(In thousands)Individually evaluated loans and leases $58,948 $— $45,962 $12,986 OREO3,372 — 3,372 — Total non-recurring$62,320 $— $49,334 $12,986  Fair Value Measurement as ofDecember 31, 2023Measured on a Non‑Recurring BasisTotalLevel 1Level 2Level 3(In thousands)Individually evaluated loans and leases $6,402 $— $4,051 $2,351 OREO3,422 — 3,422 — Total non-recurring$9,824 $— $7,473 $2,351 The following table presents losses recognized on assets measured on a nonrecurring basis for the years indicated:Year Ended December 31, Loss on Assets Measured on a Non‑Recurring Basis202420232022(In thousands)Individually evaluated loans and leases $35,699 $4,403 $6,532 OREO983 1,307 29 Total net loss$36,682 $5,710 $6,561 

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated:December 31, 2024ValuationUnobservableInput orWeightedAsset