Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 117

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 117
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 therefore recorded the unrealized losses in accumulated other comprehensive loss ("AOCI").As of December 31, 2024, securities available‑for‑sale with a fair value of $4.2 million were pledged as collateral solely for public deposits.  Realized Gains and Losses on Securities Available-for-SaleThe following table presents the amortized cost of securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the years indicated: Year Ended December 31, Sales of Securities Available-for-Sale202420232022(In thousands)Amortized cost of securities sold $753,738 $3,470,424 $2,063,415 Gross realized gains$1,396 $— $6,032 Gross realized losses(61,796)(442,413)(56,353)Net realized losses $(60,400)$(442,413)$(50,321)Unrealized Losses on Securities Available-for-SaleThe following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated: December 31, 2024 Less Than 12 Months12 Months or MoreTotalGrossGrossGrossFairUnrealizedFairUnrealizedFairUnrealizedSecurity TypeValueLossesValueLossesValueLosses (In thousands)Agency residential MBS$— $— $861,840 $(189,761)$861,840 $(189,761)Agency commercial MBS40,291 (87)11,273 (959)51,564 (1,046)Agency residential CMOs273,347 (1,994)104,757 (18,917)378,104 (20,911)Municipal securities— — 594 (8)594 (8)Corporate debt securities15,968 (32)241,744 (31,354)257,712 (31,386)Private label residential CMOs180,915 (1,031)129,178 (34,681)310,093 (35,712)Collateralized loan obligations38,771 (29)— — 38,771 (29)Private label commercial MBS— — 12,372 (1,213)12,372 (1,213)Asset-backed securities15,600 (74