Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 117

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 117
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 indicated: Corporate Equity Credit-Linked Debt SecuritiesWarrantsNotes(In thousands)Balance, December 31, 2024$2,130 $3,763 $118,838 Total included in earnings— (295)(482)Total included in other comprehensive income 30 — (146)Issuances— 48 — Principal payments— — (1,014)Exercises and settlements — (19)— Balance, March 31, 2025$2,160 $3,497 $117,196 Unrealized net gains (losses) for the period included in other comprehensive income for securities held at quarter-end$(840)The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated: Fair Value Measurement as ofMarch 31, 2025Measured on a Non-Recurring BasisTotalLevel 1Level 2Level 3(In thousands)Individually evaluated loans and leases $32,944 $— $26,271 $6,673 OREO1,198 — 1,198 — Total non-recurring$34,142 $— $27,469 $6,673 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 

51

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

The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated: Three Months EndedLosses on Assets March 31,Measured on a Non-Recurring Basis20252024(In thousands)Individually evaluated loans and leases$11,285 $832 OREO266 297 Total losses$11,551 $1,129 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: March 31, 2025ValuationUnobservableInput orWeightedAssetFair ValueTechnique