Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 373

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 373
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 5,377,576 Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,526,644 and $2,699,255, respectively)2,246,839 2,346,864 Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,156,694 and $2,168,316, respectively)2,306,149 2,287,291 FRB and FHLB stock, at cost147,773 126,346 Total investment securities4,700,761 4,760,501 Loans held for sale26,331 122,757 Loans and leases held for investment23,781,663 25,489,687 Allowance for loan and lease losses(239,360)(281,687)Loans and leases held for investment, net23,542,303 25,208,000 Equipment leased to others under operating leases307,188 344,325 Premises and equipment, net142,546 146,798 Bank owned life insurance339,517 339,643 Goodwill214,521 198,627 Intangible assets, net132,944 165,477 Deferred tax asset, net720,587 739,111 Other assets913,954 1,131,249 Total assets$33,542,864 $38,534,064 LIABILITIES:  Noninterest-bearing deposits$7,719,913 $7,774,254 Interest-bearing deposits19,471,996 22,627,515 Total deposits27,191,909 30,401,769 Borrowings (including $118,838 and $123,116 at fair value, respectively)1,391,814 2,911,322 Subordinated debt941,923 936,599 Accrued interest payable and other liabilities517,269 893,609 Total liabilities30,042,915 35,143,299 Commitments and contingencies (Note 13)STOCKHOLDERS' EQUITY:Preferred stock498,516 498,516 Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024; 157,651,752 shares issued