Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 168

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 168
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— 226,983 40,249 Private label commercial MBS20,813 — 20,813 — Collateralized loan obligations108,416 — 108,416 — Private label residential CMOs158,412 — 158,412 — Asset-backed securities19,952 — 19,952 — SBA securities13,739 — 13,739 — Total securities available-for-sale$2,346,864 $4,968 $2,301,647 $40,249 Equity investments with readily determinable fair values$1 $1 $— $— Derivatives (1):Derivative assets:Interest rate and foreign exchange contracts8,309 — 8,309 — Equity warrants 3,689 — — 3,689 Derivative liabilities:Cash flow hedges4,090 — 4,090 — Interest rate and foreign exchange contracts6,459 — 6,459 — Credit-linked notes123,116 — — 123,116 ____________________(1)    For information regarding derivative instruments, see Note 12. Derivatives.During the year ended December 31, 2024, there was a $21,000 transfer from Level 3 equity warrants to Level 1 equity investments with readily determinable fair values measured on a recurring basis. There was also an $38.1 million transfer of corporate debt securities from Level 3 to Level 2 during the year ended December 31, 2024.The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third-party pricing service for our Level 3 corporate debt securities available-for-sale measured at fair value on a recurring basis as of the date indicated: December 31, 2024Corporate Debt SecuritiesInput orWeightedRangeAverageUnobservable Inputsof InputsInput (1)Spread to 10 Year Treasury6.4% - 9.5%7.9%Discount rates11.0% - 14.1%12.5%____________________(1)    Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

The following table presents information about the quantitative inputs and assumptions used in the