Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 75

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 75
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 CMOs— — 14,382 523,687 538,069 Municipal securities— 602 — — 602 Corporate debt securities— 15,092 248,046 — 263,138 Private label residential CMOs— — — 276,456 276,456 Collateralized loan obligations— 9,932 111,389 106,926 228,247 Private label commercial MBS— — 506 10,118 10,624 Asset-backed securities— — — 14,402 14,402 SBA securities— — 3,899 — 3,899 Total$— $65,677 $388,180 $1,792,317 $2,246,174 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: June 30, 2025AllowanceforNetGrossGrossAmortizedCreditCarryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,253,568 $(20)$1,253,548 $312 $(62,253)$1,191,607 Agency commercial MBS443,875 — 443,875 — (23,511)420,364 Private label commercial MBS357,825 — 357,825 — (14,850)342,975 U.S. Treasury securities191,487 — 191,487 — (9,854)181,633 Corporate debt securities70,665 (675)69,990 — (11,093)58,897 Total (1)$2,317,420 $(695)$2,316,725 $312 $(121,561)$2,195,476 __________________________(1)    Excludes accrued interest receivable of $13.4 million at June 30, 2025 which is