Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 118

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 118
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)— — 15,600 (74)SBA securities— — 4,200 (364)4,200 (364)Total$564,892 $(3,247)$1,365,958 $(277,257)$1,930,850 $(280,504)

137

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

December 31, 2023 Less Than 12 Months12 Months or MoreTotalGrossGrossGrossFairUnrealizedFairUnrealizedFairUnrealizedSecurity TypeValueLossesValueLossesValueLosses (In thousands)Agency residential MBS$— $— $1,187,609 $(201,192)$1,187,609 $(201,192)Agency commercial MBS— — 253,306 (15,333)253,306 (15,333)Agency residential CMOs— — 284,334 (36,650)284,334 (36,650)Municipal securities— — 28,083 (1,109)28,083 (1,109)Corporate debt securities— — 265,431 (60,254)265,431 (60,254)Private label residential CMOs— — 158,412 (34,659)158,412 (34,659)Collateralized loan obligations— — 66,886 (752)66,886 (752)Private label commercial MBS— — 20,813 (1,313)20,813 (1,313)Asset-backed securities— — 19,952 (289)19,952 (289)SBA securities— — 13,739 (903)13,739 (903)Total$— $— $2,298,565 $(352,454)$2,298,565 $(352,454)The securities that were in an unrealized loss position at December 31, 2024, were considered impaired and required further review to determine if the unrealized losses were credit-related. We concluded their unrealized losses were a result of the level of market interest rates relative to the types of securities and pricing changes caused by shifting supply and demand dynamics and not a result of downgraded credit ratings or other indicators of deterioration of