Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 155

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 155
---
 2025$31,869 202627,874 202720,781 202816,565 202912,210 Thereafter29,359 Total operating lease liabilities138,658 Less: Imputed interest(14,303)Present value of operating lease liabilities$124,355 

166

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

Operating Leases as a Lessor   We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on our consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings (loss), according to our fixed asset accounting policy. We receive periodic rental income payments under the leases, which are recorded as "Leased equipment income" in the consolidated statements of earnings (loss). The valuation of equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" for the years ended December 31, 2024 and 2023.The following table presents the contractual rental payments to be received on operating leases as of the date indicated: December 31, 2024(In thousands)Year Ending December 31,2025$39,062 202636,068 202729,103 202824,977 202923,470 Thereafter45,234 Total undiscounted cash flows$197,914 

NOTE 10.  DEPOSITSThe following table presents the components of interest‑bearing deposits as of the dates indicated:December 31, Deposit Composition20242023(In thousands)Interest checking $7,610,705 $7,808,764 Money market 5,361,635 6,187,889 Savings 1,933,232 1,997,989 Time deposits $250,000 and under3,468,376 5,526,396 Time deposits over $250,0001,098,048 1,106,477 Total interest-bearing deposits$19,471,996 $22,627,515 Brokered time deposits totaled $2.1 billion and $3.5 billion at December 31, 2024 and 2023. Brokered non-maturity deposits totaled $0.6 billion and $