XML 28 R18.htm IDEA: XBRL DOCUMENT

FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	3 Months Ended
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	Mar. 31, 2016
Banking and Thrift [Abstract]
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS	FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS At March 31, 2016, $200.0 million of the Bank's advances from the FHLB were fixed-rate and had interest rates ranging from 0.50 percent to 1.61 percent with a weighted average interest rate of 0.89 percent and $995.0 million of the Bank’s advances from the FHLB were variable-rate and had a weighted average interest rate of 0.48 percent. At December 31, 2015, $200.0 million of the Bank’s advances from the FHLB were fixed-rate and had interest rates ranging from 0.50 percent to 1.61 percent with a weighted average interest rate of 0.89 percent, and $730.0 million of the Bank’s advances from the FHLB were variable-rate and had a weighted average interest rate of 0.27 percent. Each advance is payable at its maturity date. Advances paid early are subject to a prepayment penalty. At March 31, 2016 and December 31, 2015, the Bank’s advances from the FHLB were collateralized by certain real estate loans with an aggregate unpaid principal balance of $3.41 billion and $3.38 billion, respectively. The Bank’s investment in capital stock of the FHLB of San Francisco totaled $41.0 million and $39.2 million at March 31, 2016 and December 31, 2015, respectively. Based on this collateral and the Bank’s holdings of FHLB stock, the Bank was eligible to borrow an additional $1.07 billion at March 31, 2016. The Bank maintained a line of credit of $16.4 million from the Federal Reserve Discount Window, to which the Bank pledged loans with a carrying value of $43.1 million with no outstanding borrowings at March 31, 2016. The Bank also maintained available unsecured federal funds lines with correspondent banks totaling $85.0 million. On March 30, 2015, Banc of California, Inc. established a line of credit of $20.0 million with an unaffiliated financial institution. The line had an original maturity date of March 28, 2016, which was extended to May 27, 2016, and a floating interest rate equal to a LIBOR rate plus 2.25 percent or a prime rate. The proceeds of the line are to be used for working capital purposes. The Company had no outstanding borrowings under this line of credit at March 31, 2016. The Company extended and increased this line of credit to $75.0 million on April 20, 2016, with a maturity date of April 18, 2017 under the same interest rate terms.