Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 417

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 417
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755,655 $2,246,839 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: December 31, 2024AllowanceforNetGrossGrossAmortizedCreditCarryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,251,364 $(140)$1,251,224 $35 $(54,799)$1,196,460 Agency commercial MBS440,476 — 440,476 — (37,840)402,636 Private label commercial MBS355,342 — 355,342 — (26,226)329,116 U.S. Treasury securities189,985 — 189,985 — (16,702)173,283 Corporate debt securities70,482 (1,360)69,122 — (13,923)55,199 Total (1)$2,307,649 $(1,500)$2,306,149 $35 $(149,490)$2,156,694 __________________________(1)    Excludes accrued interest receivable of $13.4 million at December 31, 2024 which is recorded in "Other assets" on the consolidated balance sheets.

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

 December 31, 2023AllowanceforNetGrossGrossAmortizedCreditCarryingUnrealizedUnrealizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,247,310 $(140)$1,247,170 $1,760 $(28,170)$1,220,760 Agency commercial MBS433,827 — 433,827 — (30,665)403,162 Private label commercial MBS350,493 — 350,493 — (29