Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 102

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 102
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(In thousands)Balance, December 31, 2024$214,521 Balance, March 31, 2025$214,521 Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized on an accelerated basis over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired. The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the periods indicated: Three Months EndedMarch 31, 20252024 (In thousands)Gross carrying amount of CDI and CRI, beginning of period$178,764 $236,264 Accumulated Amortization:Balance, beginning of period(45,820)(70,787)Amortization expense(7,007)(8,251)Balance, end of period(52,827)(79,038)Net CDI and CRI, end of period$125,937 $157,226  The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated: March 31, 2025(In thousands)Period ending December 31, 2025$20,650 202624,412 202721,166 202817,920 202914,675 Thereafter27,114 Net CDI and CRI$125,937 

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

NOTE 6.  OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:March 31,December 31,Other Assets20252024(In thousands)Investments:LIHTC investments $284,968 $295,964 SBIC investments 113,890 109,636 Alternative energy partnerships (HLBV investments)17,100 17,472 Other equity and CRA investments142,504 143,152       Total investments558,462 566,224 Interest receivable127,394 125,469 Operating lease ROU assets, net (1)97,716 100,092 Prepaid expenses39,783 39,432 Taxes receivable16,858 18,009 Foreclosed assets, net5,