Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 167

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 167
---
orrowings2,005,022 1,391,814 613,208 Subordinated debt950,888 941,923 8,965 Total liabilities30,546,226 30,042,915 503,311 Total stockholders' equity3,466,739 3,499,949 (33,210)

Cash and Cash Equivalents

Cash and cash equivalents decreased by $103.9 million to $2.4 billion at September 30, 2025 compared to $2.5 billion at December 31, 2024, primarily attributable to the use of cash to support loan growth.

92

Securities Available-for-Sale 

The following table presents the composition and durations of our AFS securities as of the dates indicated:

 September 30, 2025December 31, 2024Fair% of DurationFair% of DurationSecurity TypeValueTotal(in years)ValueTotal(in years) (Dollars in thousands)Agency residential MBS$844,155 35 %7.7 $861,840 38 %7.6 Agency residential CMOs781,982 32 %2.7 446,631 20 %3.2 Private label residential CMOs258,693 11 %3.9 316,910 14 %3.9 Collateralized loan obligations206,474 9 %— 279,416 12 %0.3 Corporate debt securities256,948 11 %1.0 257,712 12 %1.4 Agency commercial MBS50,882 2 %3.4 51,564 2 %1.9 Asset-backed securities13,882 — %0.1 15,600 1 %0.1 Private label commercial MBS10,274 — %3.3 12,372 1 %3.6 SBA securities3,444 — %3.3 4,200 — %3.2 Municipal securities — — %— 594 — %3.7 Total securities available-for-sale$2,426,734 100 %4.2 $2,246,839 100 %4.4 

AFS securities increased by $179.9 million to $2.4 billion at September