Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 31

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 31
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ollars in thousands)Municipal securities$— — %$20,281 4.11 %$449,652 2.03 %$781,431 3.65 %$1,251,364 3.08 %Agency commercial MBS— — %31,997 1.36 %408,479 2.06 %— — %440,476 2.01 %Private label commercial MBS— — %— — %36,846 2.96 %318,496 2.74 %355,342 2.76 %U.S. Treasury securities— — %— — %189,985 1.24 %— — %189,985 1.24 %Corporate debt securities— — %— — %10,151 6.30 %60,331 4.86 %70,482 5.07 %Total securities held-to-maturity$— — %$52,278 4.11 %$1,095,113 1.93 %$1,160,258 3.46 %$2,307,649 2.91 %

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(1)    Rates presented are weighted average rates. Rates on tax-exempt securities are contractual rates and are not presented on a tax-equivalent basis.

79

Loans and Leases Held for Investment

The following table presents the composition of our total loans and leases held for investment by loan portfolio segment, class, and subclass as of the dates indicated:

December 31,202420232022% of% of% ofBalanceTotalBalanceTotalBalanceTotal(Dollars in thousands)Real Estate Mortgage:Commercial real estate$3,540,612 15 %$3,874,804 15 %$2,537,629 9 %SBA program630,412 2 %632,110 3 %621,187 2 %Hotel407,748 2 %519,583 2 %688,015 2 %Total commercial real estate mortgage4,578,772 19 %5,026,497 20 %3,846,831 13 %Multi-family6,041,713 26 %6,025,179 23 %