Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 118

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 118
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InputsRangeAverage(In thousands)Individually evaluated loans and leases$1,509Discounted cash flowsDiscount rates4.25% - 7.54%5.68%Individually evaluated loans and leases5,164Third-party appraisalsNo discountsTotal non-recurring Level 3$6,673The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:March 31, 2025Carrying Estimated Fair ValueAmountTotalLevel 1Level 2Level 3(In thousands)Financial Assets:Cash and due from banks$215,591 $215,591 $215,591 $— $— Interest-earning deposits in financial institutions2,128,298 2,128,298 2,128,298 — — Securities available-for-sale2,334,058 2,334,058 — 2,331,898 2,160 Securities held-to-maturity2,311,912 2,179,910 178,435 1,997,862 3,613 Investment in FRB and FHLB stock155,330 155,330 — 155,330 — Loans held for sale25,797 26,015 — 26,015 — Loans and leases held for investment, net23,891,541 22,732,328 — 26,271 22,706,057 Equity investments with readily determinable fair values2 2 2 — — Equity warrants3,497 3,497 — — 3,497 Interest rate and foreign exchange contracts5,877 5,877 — 5,877 — Servicing rights19,062 20,336 — — 20,336 Financial Liabilities:Demand, checking, money market, and savings deposits22,707,851 22,707,851 — 22,707,851 — Time deposits4,485,340 4,477,629 — 4,477,629 — Borrowings1,670,782 1,670,940 100,000 1,453,744 117,196 Subordinated debt944,908 915,685 — 915,685 — Cash flow hedges2,081 2,081 — 2