Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 120

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 120
---
431,732 446,631 Municipal securities— 594 — — 594 Corporate debt securities— 4,842 252,870 — 257,712 Private label residential CMOs— — — 316,910 316,910 Collateralized loan obligations— 4,539 167,973 106,904 279,416 Private label commercial MBS— — 976 11,396 12,372 Asset-backed securities— — — 15,600 15,600 SBA securities— — 4,200 — 4,200 Total$— $40,287 $450,897 $1,755,655 $2,246,839 CMBS, CMOs, and MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral. Securities Held-to-MaturityThe following tables present amortized cost, allowance for credit losses, gross unrealized gains and losses, and fair values of HTM securities as of the dates indicated: December 31, 2024AllowanceforNetGrossGrossAmortizedCreditCarryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,251,364 $(140)$1,251,224 $35 $(54,799)$1,196,460 Agency commercial MBS440,476 — 440,476 — (37,840)402,636 Private label commercial MBS355,342 — 355,342 — (26,226)329,116 U.S. Treasury securities189,985 — 189,985 — (16,702)173,283 Corporate debt securities70,482 (1,360)69,122 — (13,923)55,199 Total (1)$2,307,649 $(1,500)$2,306,149 $35 $(149,490)$2,156,694 __________________________(1)    Excludes accrued interest receivable of $13.4 million at December 31, 2024 which is recorded in "Other assets" on