Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 48

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 48
---
FX. Additionally, the holding company has a $100.0 million unsecured revolving line of credit. As of June 30, 2025, there was no balance outstanding.

The following tables provide a summary of the Company's primary and secondary liquidity levels at the dates indicated:

June 30,December 31, Primary Liquidity - On-Balance Sheet20252024(Dollars In thousands)Cash and due from banks$222,210$192,006Interest-earning deposits in financial institutions2,131,3422,310,206Less: Restricted cash(168,661)(184,159)Securities available-for-sale, at fair value2,246,1742,246,839Less: Pledged securities available-for-sale, at fair value(3,899)(4,200)Less: Haircut on securities available-for-sale(184,865)(193,191)Add: Allowance on securities available-for-sale775—Total primary liquidity$4,243,076$4,367,501Ratio of primary liquidity to total assets12.4 %13.0 %

Secondary Liquidity - Off-Balance Sheet June 30,December 31, Available Secured Borrowing Capacity20252024(In thousands)Total secured borrowing capacity with the FHLB$7,104,531 $6,853,652 Less: Letters of credit(568,696)(527,893)Less: Secured advances outstanding(1,700,000)(1,100,000)Available secured borrowing capacity with the FHLB4,835,835 5,225,759 Available secured borrowing capacity with the FRBSF5,735,280 6,295,540 Total secondary liquidity$10,571,115 $11,521,299 

During the six months ended June 30, 2025, the Company's primary liquidity decreased by $124.4 million to $4.2 billion at June 30, 2025 due mainly to a $148.7 million decrease in total cash and cash equivalents which was primarily used to fund loan growth. We also include certain unencumbered HTM securities in our internal liquidity stress test buffer which are not included in our primary liquidity. During the six months ended June 30, 2025, the Company's secondary liquidity decreased by $950.2 million to $10.6 billion at June 30, 2025 due to decreases in available secured borrowing capacity with the FHL