Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 175

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 175
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 was available. The FRBSF Discount Window secured credit line was collateralized by liens on $5.3 billion of qualifying loans and $1.5 billion of pledged securities.

In addition to its secured lines of credit with the FHLB and FRBSF, the Bank also maintains unsecured lines of credit for the purpose of borrowing overnight funds, subject to availability, of $265.0 million in the aggregate with several correspondent banks. As of March 31, 2025, there was no balance outstanding related to these unsecured lines of credit. The Bank is a member of the AFX, through which it may either borrow or lend funds on an overnight or short-term basis with a group of pre-approved commercial banks. The availability of funds changes daily. As of March 31, 2025, there was no outstanding balance through the AFX. Additionally, the holding company has a $100.0 million unsecured revolving line of credit. As of March 31, 2025, there was no balance outstanding.

The following tables provide a summary of the Company's primary and secondary liquidity levels at the dates indicated:

March 31,December 31, Primary Liquidity - On-Balance Sheet20252024(Dollars In thousands)Cash and due from banks$215,591 $192,006 Interest-earning deposits in financial institutions2,128,298 2,310,206 Less: Restricted cash(187,782)(184,159)Securities available-for-sale, at fair value2,334,058 2,246,839 Less: Pledged securities available-for-sale, at fair value(3,863)(4,200)Less: Haircut on securities available-for-sale(189,282)(193,191)Total primary liquidity$4,297,020 $4,367,501 Ratio of primary liquidity to total assets12.7 %13.0 %

Secondary Liquidity - Off-Balance Sheet March 31,December 31, Available Secured Borrowing Capacity20252024(In thousands)Total secured borrowing capacity with the FHLB$6,900,262 $6,853,652 Less: Letters of credit(513,908)(527,893)Less: Secured advances outstanding(1,379,842)(1,100,000)Available secured borrowing capacity with the FHLB5,006,512 5,225,759 Available secured borrowing capacity with the FRBSF5