Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 42

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 42
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:

September 30, 2025December 31, 2024% of% ofTotalTotalTime DepositsBalanceDepositsBalanceDeposits(Dollars in thousands)Time deposits $250,000 and under$3,570,672 13 %$3,468,376 13 %Time deposits over $250,0001,155,848 4 %1,098,048 4 %Total time deposits$4,726,520 17 %$4,566,424 17 %

Total deposits remained relatively flat and decreased by $7.1 million to $27.18 billion at September 30, 2025 compared to $27.19 billion at December 31, 2024. At September 30, 2025, noninterest-bearing deposits totaled $7.6 billion, or 28%, of total deposits, and interest-bearing deposits totaled $19.6 billion, or 72%, of total deposits, compared to noninterest-bearing deposits of $7.7 billion, or 28% of total deposits, and interest-bearing deposits of $19.5 billion, or 72% of total deposits, at December 31, 2024.

As of September 30, 2025, FDIC-insured deposits represented approximately 70% of total deposits, including accounts eligible for pass-through insurance, down from 72% as of December 31, 2024. Available liquidity (on-balance sheet liquidity plus unused borrowing capacity and unpledged AFS securities) was $14.8 billion at September 30, 2025, which exceeded uninsured and uncollateralized deposits of $7.6 billion, with a coverage ratio of 194% as compared to a coverage ratio of 221% at December 31, 2024. Available liquidity also represented 54% of total deposits at September 30, 2025. 

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The following table summarizes the maturities of time deposits as of the date indicated:

Time Deposits$250,000OverSeptember 30, 2025and Under$250,000Total (In thousands)Maturities:Due in three months or less$923,700 $306,730 $1,230,430 Due in over three months through six months812,165 432,958 1,245,123 Due in over six months through 12 months1,157,424 318,065