Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 114

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 114
---
, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

 Subordinated DebtThe following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:June 30, 2025December 31, 2024DateMaturityRate IndexSeriesBalanceRate (1)BalanceRate (1)IssuedDate(Quarterly Reset) (Dollars in thousands)Subordinated notes, net (2)(7)$381,459 3.25 %$381,185 3.25 %04/30/202105/01/2031Fixed rate (3)Subordinated notes75,000 4.375 %75,000 4.375 %10/30/202010/30/2030Fixed rate (6)Trust V10,310 7.67 %10,310 7.71 %08/15/200309/17/20333-month Term SOFR + 3.10Trust VI10,310 7.63 %10,310 7.67 %09/03/200309/15/20333-month Term SOFR + 3.05Trust CII5,155 7.52 %5,155 7.56 %09/17/200309/17/20333-month Term SOFR + 2.95Trust VII61,856 7.29 %61,856 7.60 %02/05/200404/23/20343-month Term SOFR + 2.75Trust CIII20,619 6.27 %20,619 6.31 %08/15/200509/15/20353-month Term SOFR + 1.69Trust FCCI16,495 6.18 %16,495 6.22 %01/25/200703/15/20373-month Term SOFR + 1.60Trust FCBI10,310 6.13 %10,310 6.17 %09/30/200512/15/20353-month Term SOFR + 1.55Trust CS 2005-182,475 6.53 %82,475 6.57 %11/21/200512/15/20353-month Term SOFR + 1.95Trust CS 2005