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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 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 Statement of Financial Condition as of December 31, 2014, and Consolidated Statements of Operations and Cash Flows for the periods indicated:
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)
 
Year Ended December 31,
 
2014
 
2013
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As
Adjusted
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As
Adjusted
 
(In thousands, except per share data)
Interest and dividend income
$
188,139

 
$
—

 
$
188,139

 
$
120,511

 
$
—

 
$
120,511

Interest expense
32,862

 
—

 
32,862

 
23,282

 
—

 
23,282

Net interest income
155,277

 
—

 
155,277

 
97,229

 
—

 
97,229

Provision for loan and lease losses
10,976

 
—

 
10,976

 
7,963

 
—

 
7,963

Noninterest income
145,637

 
—

 
145,637

 
96,743

 
—

 
96,743

Noninterest expense
264,161

 
(689
)
 
263,472

 
178,670

 
(569
)
 
178,101

Income before income taxes
25,777

 
689

 
26,466

 
7,339

 
569

 
7,908

Income tax expense
(4,541
)
 
802

 
(3,739
)
 
7,260

 
732

 
7,992

Net income
30,318

 
(113
)
 
30,205

 
79

 
(163
)
 
(84
)
Preferred stock dividends
3,640

 
—

 
3,640

 
2,185

 
—

 
2,185

Net income available for common stockholders
$
26,678

 
$
(113
)
 
$
26,565

 
$
(2,106
)
 
$
(163
)
 
$
(2,269
)
Basic earnings per total common share
$
0.91

 
$
—

 
$
0.91

 
$
(0.14
)
 
$
(0.01
)
 
$
(0.15
)
Diluted earnings per total common share
$
0.91

 
$
(0.01
)
 
$
0.90

 
$
(0.14
)
 
$
(0.01
)
 
$
(0.15
)
BANC OF CALIFORNIA, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 
Year Ended December 31,
 
2014
 
2013
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As
Adjusted
 
As Previously Reported
 
Effect of Change in Accounting Principle
 
As
Adjusted
 
(In thousands)
Cash flow from operating activities
 
 
 
 
 
 
 
 
 
 
 
Net income
$
30,318

 
$
(113
)
 
$
30,205

 
$
79

 
$
(163
)
 
$
(84
)
Total adjustment in net income
(657,834
)
 
113

 
(657,721
)
 
(435,568
)
 
163

 
(435,405
)
Net cash used in operating activities
(627,516
)
 
—

 
(627,516
)
 
(435,489
)
 
—

 
(435,489
)
Cash flow from investing activities
 
 
 
 
 
 
 
 
 
 
 
Net cash used in investing activities
(463,154
)
 
—

 
(463,154
)
 
(1,303,482
)
 
—

 
(1,303,482
)
Cash flow from financing activities
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by financing activities
1,211,751

 
—

 
1,211,751

 
1,740,446

 
—

 
1,740,446

Net increase in cash and cash equivalents
121,081

 
—

 
121,081

 
1,475

 
—

 
1,475

Cash and cash equivalents at beginning of period
110,118

 
—

 
110,118

 
108,643

 
—

 
108,643

Cash and cash equivalents at end of period
$
231,199

 
$
—

 
$
231,199

 
$
110,118

 
$
—

 
$
110,118