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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of Changes in Accounting Policies
The following tables present the effect of the retrospective application of this change in accounting principle on the Company’s Consolidated Statements of Financial Condition, Consolidated Statements of Operations and Consolidated Statement of Cash Flows for the respective periods:
BANC OF CALIFORNIA, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
 
December 31, 2014
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As Adjusted
 
(In thousands)
Assets
 
 
 
 
 
Cash and cash equivalents
$
231,199

 
$
—

 
$
231,199

Time deposits in financial institutions
1,900

 
—

 
1,900

Securities available for sale
345,695

 
—

 
345,695

Loans held for sale
1,187,090

 
—

 
1,187,090

Loans and leases receivable
3,919,642

 
—

 
3,919,642

Deferred income tax
16,445

 
(72
)
 
16,373

Other assets
269,600

 
(202
)
 
269,398

Total assets
$
5,971,571

 
$
(274
)
 
$
5,971,297

Liabilities and stockholders' equity
 
 
 
 
 
Liabilities
$
5,467,982

 
$
—

 
$
5,467,982

Stockholders' equity
503,589

 
(274
)
 
503,315

Total liabilities and stockholders' equity
$
5,971,571

 
$
(274
)
 
$
5,971,297


BANC OF CALIFORNIA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
Three Months Ended March 31, 2014
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As Adjusted
 
(In thousands, except per share data)
Interest and dividend income
$
42,776

 
$
—

 
$
42,776

Interest expense
7,591

 
—

 
7,591

Net interest income
35,185

 
—

 
35,185

Provision for loan and lease losses
1,929

 
—

 
1,929

Noninterest income
25,278

 
—

 
25,278

Noninterest expense
57,768

 
(174
)
 
57,594

Income before income taxes
766

 
174

 
940

Income tax expense
9

 
182

 
191

Net income
757

 
(8
)
 
749

Preferred stock dividends
910

 
—

 
910

Net loss available for common stockholders
$
(153
)
 
$
(8
)
 
$
(161
)
Basic earnings for total common stockholders
$
(0.01
)
 
$
—

 
$
(0.01
)
Diluted earnings (loss) per total common share
$
(0.01
)
 
$
—

 
$
(0.01
)

BANC OF CALIFORNIA, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 
Three Months Ended March 31, 2014
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As Adjusted
 
(In thousands)
Cash flow from operating activities
 
 
 
 

Net income
$
757

 
$
(8
)
 
$
749

Total adjustment in net income
(268,684
)
 
8

 
(268,676
)
Net cash used in operating activities
(267,927
)
 
—

 
(267,927
)
Cash flow from investing activities
 
 
 
 
 
Net cash provided by investing activities
88,474

 
—

 
88,474

Cash flow from financing activities
 
 
 
 
 
Net cash provided by financing activities
402,974

 
—

 
402,974

Net increase in cash and cash equivalents
223,521

 
—

 
223,521

Cash and cash equivalents at beginning of period
110,118

 
 
 
110,118

Cash and cash equivalents at end of period
$
333,639

 
$
—

 
$
333,639