Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 48

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 48
---
 tables provide a summary of the Company's primary and secondary liquidity levels at the dates indicated:

September 30,December 31, Primary Liquidity - On-Balance Sheet20252024(Dollars In thousands)Cash and due from banks$205,364$192,006Interest-earning deposits in financial institutions2,192,9012,310,206Total cash, cash equivalents, and restricted cash2,398,2652,502,212Less: Restricted cash(171,003)(184,159)Add: Securities available-for-sale, at fair value2,426,7342,246,839Add: Allowance on securities available-for-sale775—Less: Pledged securities available-for-sale, at fair value(3,444)(4,200)Less: Haircut on securities available-for-sale(189,335)(193,191)Total primary liquidity$4,461,992$4,367,501Ratio of primary liquidity to total assets13.1 %13.0 %

Secondary Liquidity - Off-Balance Sheet September 30,December 31, Available Secured Borrowing Capacity20252024(In thousands)Total secured borrowing capacity with the FHLB$7,062,106 $6,853,652 Less: Letters of credit(577,442)(527,893)Less: Secured advances outstanding(1,700,000)(1,100,000)Available secured borrowing capacity with the FHLB4,784,664 5,225,759 Available secured borrowing capacity with the FRBSF5,503,924 6,295,540 Total secondary liquidity$10,288,588 $11,521,299 

The Company's primary liquidity increased by $94.5 million to $4.5 billion at September 30, 2025 compared to $4.4 billion at December 31, 2024, due mainly to an increase of $179.9 million in AFS securities, partially offset by a decrease of  $103.9 million in total cash, cash equivalents, and restricted cash. We also include certain unencumbered HTM securities in our internal liquidity stress test buffer which are not included in our primary liquidity. The Company's secondary liquidity decreased by $1.2 billion to $10.3 billion at September 30, 2025 compared to $11.5 billion at December 31, 2024, due to decreases in available secured borrowing capacity with the FR