Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 156

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 156
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1.1 billion at December 31, 2024 and 2023.  

167

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

The following table summarizes the maturities of time deposits as of the date indicated:Time Deposits$250,000OverDecember 31, 2024and Under$250,000Total(In thousands)Year of Maturity:2025$3,019,260 $1,029,692 $4,048,952 2026444,699 63,888 508,587 20273,250 3,410 6,660 2028802 793 1,595 2029365 265 630 Thereafter— — — Total $3,468,376 $1,098,048 $4,566,424 

  NOTE 11.  BORROWINGS AND SUBORDINATED DEBT         

BorrowingsThe following table summarizes our borrowings as of the dates indicated:December 31,20242023WeightedWeightedAverageAverageBorrowing TypeBalanceRateBalanceRate(Dollars in thousands)FHLB secured advances$1,100,000 3.93 %$— — %Senior notes174,000 5.25 %174,000 5.25 %Credit-linked notes118,838 15.29 %123,116 16.02 %Bank Term Funding Program— — %2,618,300 4.37 %Total borrowings1,392,838 5.06 %2,915,416 4.92 %Acquisition discount on senior notes(1,024)(4,094)Total borrowings, net (1)$1,391,814 $2,911,322 ___________________(1)    All borrowings were held at the Bank level with the exception of the 5.25% Senior Notes due April 2025 ("Senior Notes"), which were issued at the holding company level.The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF, and other financial institutions.FHLB Secured Line of Credit.  The Bank had secured financing capacity with the FHLB of $6.9 billion as of