Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 113

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 113
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,000 4.59 %06/26/2026Term advance100,000 3.79 %02/01/2027Term advance100,000 3.79 %03/01/2027Term advance100,000 3.78 %04/01/2027Term advance (1)150,000 4.63 %05/28/2027Term advance (1)150,000 4.63 %06/03/2027Term advance (1)150,000 4.39 %06/03/2027Term advance100,000 3.88 %06/24/2027Term advance (1)500,000 3.18 %09/18/2034Total FHLB secured advances$1,700,000 3.96 %___________________(1)    Represents FHLB term advances that include a put feature.which allows the FHLB to terminate the advance before its scheduled maturity date.FRBSF Secured Line of Credit.  The Bank has a secured line of credit with the FRBSF. As of September 30, 2025, the Bank had secured borrowing capacity of $5.5 billion collateralized by liens covering $5.0 billion of qualifying loans and $1.6 billion of securities. As of September 30, 2025 and December 31, 2024, there was no balance outstanding.

52

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

Holding Company Line of Credit Arrangement. On December 23, 2024, Banc of California, Inc. entered into an unsecured revolving line of credit agreement as a borrower for $50.0 million. On March 17, 2025, the Company executed an amendment to the credit agreement which increased the Company's unsecured revolving line of credit to $100.0 million. The rate is based on 1-month SOFR plus a spread of 225 basis points. As of September 30, 2025 and December 31, 2024, there was no balance outstanding.  Senior Notes. The Senior Notes were unsecured debt obligations and ranked equally with our other unsecured unsubordinated obligations. We made interest payments on the Senior Notes semi-annually in arrears. On April 4, 2025, the