Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 107

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 107
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2024, there were no balances outstanding. The Bank is a member of the AFX, through which it may either borrow or lend funds on an overnight or short-term basis with a group of pre-approved commercial banks. The availability of funds changes daily. As of March 31, 2025 and December 31, 2024 there was no balance outstanding.

43

BANC OF CALIFORNIA, 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:March 31, 2025December 31, 2024DateMaturityRate IndexSeriesBalanceRate (1)BalanceRate (1)IssuedDate(Quarterly Reset) (Dollars in thousands)Subordinated notes, net (2)(7)$381,321 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 7.66 %10,310 7.71 %08/15/200309/17/20333-month Term SOFR + 3.10Trust VI10,310 7.61 %10,310 7.67 %09/03/200309/15/20333-month Term SOFR + 3.05Trust CII5,155 7.51 %5,155 7.56 %09/17/200309/17/20333-month Term SOFR + 2.95Trust VII61,856 7.30 %61,856 7.60 %02/05/200404/23/20343-month Term SOFR + 2.75Trust CIII20,619 6.25 %20,619 6.31 %08/15/200509/15/20353-month Term SOFR + 1.69Trust FCCI16,495 6.16 %16,495 6.22 %01/25/200703/15/20373-month Term SOFR + 1.60Trust FCBI10,310 6