Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 172

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 172
---
,556,575 — 4,556,575 — Borrowings1,391,814 1,382,742 — 1,263,904 118,838 Subordinated debt941,923 901,532 — 901,532 — Interest rate and foreign exchange contracts7,562 7,562 — 7,562 — 

180

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

December 31, 2023Carrying Estimated Fair ValueAmountTotalLevel 1Level 2Level 3(In thousands)Financial Assets:Cash and due from banks$202,427 $202,427 $202,427 $— $— Interest‑earning deposits in financial institutions5,175,149 5,175,149 5,175,149 — — Securities available‑for‑sale2,346,864 2,346,864 4,968 2,301,647 40,249 Securities held-to-maturity2,287,291 2,168,316 175,579 1,976,015 16,722 Investment in FHLB stock126,346 126,346 — 126,346 — Loans held for sale122,757 126,646 — 126,646 — Loans and leases held for investment, net25,208,000 23,551,725 — 4,051 23,547,674 Equity investments with readily determinable fair values1 1 1 — — Equity warrants3,689 3,689 — — 3,689 Interest rate and foreign exchange contracts8,309 8,309 — 8,309 — Servicing rights22,174 22,174 — — 22,174 Financial Liabilities:Demand, checking, savings and money market deposits23,768,896 23,768,896 — 23,768,896 — Time deposits6,632,873 6,732,246 — 6,732,246 — Borrowings2,911,322 2,908,527 — 2,785,411 123,116 Subordinated debt936,599 851,625 —