Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 125

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 125
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,418 $115,022 Unrealized net loss for the period included in other comprehensive income for securities held at quarter-end$(675)The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated: Fair Value Measurement as ofSeptember 30, 2025Measured on a Non-Recurring BasisTotalLevel 1Level 2Level 3(In thousands)Individually evaluated loans and leases $19,113 $— $16,248 $2,865 OREO467 — 467 — Total non-recurring$19,580 $— $16,715 $2,865 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 

61

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

In addition to individually evaluated loans and leases and OREO, loans held for sale are carried at the lower of cost or market and may be measured at fair value on a nonrecurring basis when fair value is less than cost. Fair value is based on active bids and other observable market inputs, such as appraised value of the underlying collaterals, adjusted for specific attributes of that loan or other available market data for similar loans. Loans held for sale are classified as Level 2 in the fair value hierarchy.The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated: Three Months EndedNine Months EndedLosses on Assets September 30,September 30,Measured on a Non-Recurring Basis2025202420252024(In thousands)Individually evaluated loans and leases$827 $8,945 $1,743 $29,192 OREO123 207 274 336 Total losses$950 $9,152 $2,017 $29,528 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: September 30