Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 109

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 109
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ning of period$178,764 $236,264 $178,764 $236,264 Accumulated Amortization:Balance, beginning of period(52,827)(79,038)(45,820)(70,787)Amortization expense(7,007)(8,332)(14,014)(16,583)Balance, end of period(59,834)(87,370)(59,834)(87,370)Net CDI and CRI, end of period$118,930 $148,894 $118,930 $148,894  The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated: June 30, 2025(In thousands)Period ending December 31, 2025$13,643 202624,412 202721,166 202817,920 202914,675 Thereafter27,114 Net CDI and CRI$118,930 

47

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

NOTE 6.  OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:June 30,December 31,Other Assets20252024(In thousands)Investments:LIHTC investments $270,786 $295,964 SBIC investments 115,864 109,636 Alternative energy partnerships (HLBV investments)17,054 17,472 Other equity and CRA investments142,750 143,152       Total investments546,454 566,224 Interest receivable127,359 125,469 Operating lease ROU assets, net (1)105,506 100,092 Prepaid expenses39,280 39,432 Taxes receivable8,986 18,009 Foreclosed assets, net7,806 9,734 Equity warrants 3,571 3,763 Other receivables/assets52,825 51,231 Total other assets$891,787 $913,954 ____________________(1)    See Note 7. Leases for further details regarding the operating lease ROU assets.

NOTE 7.  LEASES

Operating Leases as a LesseeOur lease expense is a component of "Occupancy expense" on our