Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 126

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 126
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, 2025ValuationUnobservableInput orWeightedAssetFair ValueTechniqueInputsRangeAverage(In thousands)Individually evaluated loans and leases$2,865Third-party appraisalsNo discountsTotal non-recurring Level 3$2,865

62

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

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:September 30, 2025Carrying Estimated Fair ValueAmountTotalLevel 1Level 2Level 3(In thousands)Financial Assets:Cash and due from banks$205,364 $205,364 $205,364 $— $— Interest-earning deposits in financial institutions2,192,901 2,192,901 2,192,901 — — Securities available-for-sale2,426,734 2,426,734 — 2,424,409 2,325 Securities held-to-maturity2,303,657 2,223,622 183,536 2,036,210 3,876 Investment in FRB and FHLB stock159,337 159,337 — 159,337 — Loans held for sale211,454 211,613 — 211,613 — Loans and leases held for investment, net23,870,141 22,968,320 — 16,248 22,952,072 Equity investments with readily determinable fair values3 3 3 — — Equity warrants3,418 3,418 — — 3,418 Interest rate and foreign exchange contracts4,396 4,396 — 4,396 — Servicing rights17,998 19,818 — — 19,818 Financial Liabilities:Demand, checking, money market, and savings deposits22,458,245 22,458,245 — 22,458,245 — Time deposits4,726,520 4,721,428 — 4,721,428 — Borrowings2,005,022 2,008,135 190,000 1,703,113 115,022 Subordinated debt950,888 934,793 — 934,