Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 74

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 74
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realizedFairSecurity TypeCostLossesAmountGainsLossesValue (In thousands)Municipal securities $1,252,455 $(20)$1,252,435 $61 $(59,663)$1,192,833 Agency commercial MBS442,172 — 442,172 — (28,137)414,035 Private label commercial MBS356,586 — 356,586 — (19,841)336,745 U.S. Treasury securities190,726 — 190,726 — (12,291)178,435 Corporate debt securities70,573 (580)69,993 — (12,131)57,862 Total (1)$2,312,512 $(600)$2,311,912 $61 $(132,063)$2,179,910 __________________________(1)    Excludes accrued interest receivable of $11.3 million at March 31, 2025 which is recorded in "Other assets" on the condensed consolidated balance sheets.

18

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

 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"