Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 76

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 76
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 of the ACL based primarily on credit ratings. 

19

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

Securities Held-to-Maturity by Credit Quality IndicatorThe Company uses S&P, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its HTM securities. The following tables present our HTM securities portfolio at amortized cost by the lowest available credit rating as of the dates indicated:March 31, 2025Security TypeAAAAA+AAAA-ABBBNRTotal(In thousands)Amortized Cost:Municipal securities$571,520 $369,314 $219,130 $73,070 $1,664 $— $17,757 $1,252,455 Agency commercial MBS— 442,172 — — — — — 442,172 Private label commercial MBS356,586 — — — — — — 356,586 U.S. Treasury securities— 190,726 — — — — — 190,726 Corporate debt securities— — — — — 44,542 26,031 70,573 Total$928,106 $1,002,212 $219,130 $73,070 $1,664 $44,542 $43,788 $2,312,512 December 31, 2024Security TypeAAAAA+AAAA-ABBBNRTotal(In thousands)Amortized Cost:Municipal securities$571,347 $369,072 $218,581 $72,952 $1,667 $— $17,745 $1,251,364 Agency commercial MBS— 440,476 — — — — — 440,476 Private label commercial MBS355,342 — — — — — — 355,342 U.S. Treasury securities— 189,985 — — — — — 189,985 Corporate debt securities— — — — — 44,507 25,975 70,482 Total$926,689 $999,533 $218,581 $72,952 $