Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 325

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 325
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%3.2 284,334 12 %4.4 457,063 9 %4.4 Private label residential CMOs316,910 14 %3.9 158,412 7 %7.7 166,724 4 %5.6 Collateralized loan obligations279,416 12 %0.3 108,416 5 %0.1 102,261 2 %— Corporate debt securities257,712 12 %1.4 267,232 11 %1.9 311,905 7 %2.7 Agency commercial MBS51,564 2 %1.9 253,306 11 %3.4 487,606 10 %4.7 Asset-backed securities15,600 1 %0.1 19,952 1 %— 22,413 — %— Private label commercial MBS12,372 1 %3.6 20,813 1 %2.1 26,827 1 %2.3 SBA securities4,200 — %3.2 13,739 — %3.2 17,250 — %2.5 Municipal securities594 — %3.7 28,083 1 %4.5 339,326 7 %5.6 U.S. Treasury securities— — %— 4,968 — %0.1 670,070 14 %4.9 Total securitiesavailable-for-sale$2,246,839 100 %4.4 $2,346,864 100 %5.9 $4,843,487 100 %5.9 

Effective June 1, 2022, the Company transferred $2.3 billion in fair value of municipal securities, agency commercial MBS, private label commercial MBS, U.S. Treasury securities, and corporate debt securities from AFS to HTM. The unrealized losses which became part of the securities' amortized cost basis, along with the related unrealized losses included in accumulated other comprehensive income, are being amortized over the remaining life of the transferred securities as effective yield adjustments using the interest method. As a result, there is no impact on the consolidated