XML 49 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1

SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2017

Transfers and Servicing [Abstract]

Servicing Rights

The following table presents a composition of servicing rights, on a consolidated operations basis, as of the dates indicated:

	June 30, 2017				December 31, 2016
	(In thousands)
Mortgage servicing rights, at fair value	$	42,109			$	76,121
SBA servicing rights, at amortized cost	1,725				1,496
Total	$	43,834			$	77,617

Mortgage Servicing Rights Fair Value and Weighted Average Life

The following table presents the key characteristics, inputs and economic assumptions used to estimate the Level 3 fair value of the MSRs, on a consolidated operations basis, as of the dates indicated:

	June 30, 2017				December 31, 2016
	($ in thousands)
Fair value of retained MSRs	$	42,109			$	76,121
Discount rate	10.98		%		10.18		%
Constant prepayment rate	14.19		%		11.84		%
Weighted-average life	5.71 years				6.50 years

Mortgage Servicing Rights

The following table presents activity in the MSRs, on a consolidated operations basis, for the periods indicated:

	Three Months Ended								Six Months Ended
	June 30,								June 30,
	2017				2016				2017				2016
	(In thousands)
Balance at beginning of period	$	42,833			$	48,370			$	76,121			$	49,939
Additions	3,751				12,766				11,552				21,348
Sales of servicing rights (1)	—				—				(39,186		)		(3		)
Changes in fair value resulting from valuation inputs or assumptions	(3,035		)		(5,831		)		(3,079		)		(14,032		)
Other	(1,440		)		(2,738		)		(3,299		)		(4,685		)
Balance at end of period	$	42,109			$	52,567			$	42,109			$	52,567

(1) Includes $37.8 million of MSRs sold as a part of discontinued operations for the six months ended June 30, 2017.

Small Business Administration Servicing Rights

The following table presents activity in the SBA servicing rights for the periods indicated:

	Three Months Ended								Six Months Ended
	June 30,								June 30,
	2017				2016				2017				2016
	(In thousands)
Balance at beginning of period	$	1,618			$	1,036			$	1,496			$	788
Additions	160				91				346				383
Amortization, including prepayments	(53		)		(44		)		(100		)		(88		)
Impairment	—				—				(17		)		—
Balance at end of period	$	1,725			$	1,083			$	1,725			$	1,083

X

- Definition

Tabular disclosure including both mortgage servicing rights and SBA servicing rights as reflected in the period end balance sheet.

+ References

No definition available.

+ Details

Name:	banc_ScheduleofServicingRightsTableTextBlock
Namespace Prefix:	banc_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=82924980&loc=d3e107314-111719

+ Details

Name:	us-gaap_ScheduleOfAssumptionsForFairValueAsOfBalanceSheetDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122739-111746

+ Details

Name:	us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

+ Details

Name:	us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TransfersAndServicingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration