Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 169

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 169
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Total interest-bearing19,599,241 72 %19,471,996 72 %127,245 Total deposits$27,193,191 100 %$27,191,909 100 %$1,282 

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

March 31, 2025December 31, 2024% of% ofTotalTotalTime DepositsBalanceDepositsBalanceDeposits(Dollars in thousands)Time deposits $250,000 and under$3,384,127 12 %$3,468,376 13 %Time deposits over $250,0001,101,213 4 %1,098,048 4 %Total time deposits$4,485,340 16 %$4,566,424 17 %

Total deposits remained stable at $27.2 billion at March 31, 2025 and December 31, 2024. The slight increase of $1.3 million in total deposits during the first quarter of 2025 was due primarily to increases of $136.3 million in checking accounts and $65.8 million in savings accounts, offset partially by decreases of $126.0 million in noninterest-bearing checking accounts and $83.5 million in brokered time deposits. At March 31, 2025, noninterest-bearing deposits totaled $7.6 billion, or 28%, of total deposits and interest-bearing deposits totaled $19.6 billion, or 72%, 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 March 31, 2025, FDIC-insured deposits represented approximately 70% 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 $15.1 billion at March 31, 2025, which exceeded uninsured and uncollateralized deposits of $7.4 billion, with a coverage ratio of 205% as compared to a coverage ratio of 221% at December 31, 2024. Available liquidity also represented 56