Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 115

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 115
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224 — 15,224 — SBA securities3,862 — 3,862 — Total securities available-for-sale$2,334,058 $— $2,331,898 $2,160 Equity investments with readily determinable fair values$2 $2 $— $— Derivatives (1):Derivative assetsInterest rate and foreign exchange contracts5,877 — 5,877 — Equity warrants 3,497 — — 3,497 Derivative liabilities Cash flow hedges2,081 — 2,081 — Interest rate and foreign exchange contracts5,480 — 5,480 — Credit-linked notes117,196 — — 117,196 ____________________(1)    For information regarding derivative instruments, see Note 9. Derivatives.

49

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

Fair Value Measurements as ofDecember 31, 2024Measured on a Recurring BasisTotalLevel 1Level 2Level 3(In thousands)Securities available-for-sale:Agency residential MBS$861,840 $— $861,840 $— Agency commercial MBS51,564 — 51,564 — Agency residential CMOs446,631 — 446,631 — Municipal securities594 — 594 — Corporate debt securities257,712 — 255,582 2,130 Private label residential CMOs316,910 — 316,910 — Collateralized loan obligations279,416 — 279,416 — Private label commercial MBS12,372 — 12,372 — Asset-backed securities15,600 — 15,600 — SBA securities4,200 — 4,200 — Total securities available-for-sale$2,246,839 $— $2,244,709 $2,130 Equity investments with readily determinable fair values$3 $3 $— $— Derivatives (1):Derivative assetsCash flow hedges1,442 — 1,442 — Interest rate and foreign exchange contracts7,031 — 7,031 —