Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 27

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 27
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3 %4.170,482 3 %4.0Total securities held-to-maturity$2,304,352 100 %6.6$2,307,649 100 %7.0

HTM securities remained relatively flat at $2.3 billion at both September 30, 2025 and December 31, 2024.

As of September 30, 2025, HTM securities had aggregate unrealized net after-tax losses in AOCI of $139.7 million remaining from the balance established at the time of the AFS to HTM transfer on June 1, 2022, compared to $157.9 million at December 31, 2024.

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The following table shows the geographic composition of the majority of our HTM municipal securities portfolio as of the date indicated:

September 30, 2025Amortized % of Municipal Securities by StateCostTotal(Dollars in thousands) California$315,596 26 % Texas278,282 23 % Washington187,962 15 % Oregon80,807 7 % Maryland64,121 5 % Georgia55,295 4 % Colorado48,429 4 % Minnesota34,598 3 % Tennessee31,132 2 %Connecticut17,619 1 %Total of ten largest states1,113,841 90 %All other states122,804 10 %Total municipal securities held-to-maturity$1,236,645 100 %

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Loans and Leases Held for Investment     

The following table presents the composition of our loans and leases held for investment by loan portfolio segment, class, and subclass as of the dates indicated:

September 30, 2025December 31, 2024% of% ofLoan and Lease Portfolio BalanceTotalBalanceTotal(Dollars in thousands)Real Estate Mortgage:Commercial real estate$3,253,113 13 %$3,540,612 15 %SBA program638,028 3 %630,412 2 %Hotel401,484 2 %407,748 2 %Total commercial real estate mortgage4,292,625 18 %4,578,772 19 %Multi-family6,124,673 25 %6,041,713 26 %Residential mortgage3,093,