XML 203 R189.htm IDEA: XBRL DOCUMENT v3.10.0.1
PARENT COMPANY FINANCIAL STATEMENTS - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:                      
Net income $ 11,038 $ 11,096 $ 14,780 $ 8,558 $ 11,302 $ 16,949 $ 12,257 $ 17,201 $ 45,472 $ 57,709 $ 115,416
Adjustments to reconcile net income to net cash provided by (used in) operating activities                      
Amortization of debt issuance cost                 233 247 704
Debt redemption costs                 0 0 2,737
Gain on sale of subsidiary                 0 0 (3,694)
Deferred income tax (benefit) expense                 (5,911) (30,372) 5,613
Loss on investments in alternative energy partnerships, net                 5,044 30,786 31,510
Net cash provided by operating activities [1]                 123,003 563,011 18,113
Cash flows from investing activities:                      
Loan purchases from bank and principal collections, net                 (59,481) 0 (182,231)
Proceeds from sale of subsidiary                 0 0 259
Investments in alternative energy partnerships                 0 (55,400)  
Net cash (used in) provided by investing activities                 (469,746) 151,858 (2,318,286)
Cash flows from financing activities:                      
Net proceeds from issuance of common stock                 0 0 175,078
Net proceeds from issuance of preferred stock                 0 0 120,255
Redemption of preferred stock                 (40,250) 0 (42,000)
Redemption of senior notes                 0 0 (84,750)
Payment of junior subordinated amortizing notes                 0 (2,684) (5,078)
Cash settlements of stock options                 0 0 (359)
Proceeds from exercise of stock options                 0 2,043 0
Restricted stock surrendered due to employee tax liability                 (2,366) (6,824) (4,436)
Dividend equivalents paid on stock appreciation rights                 (810) (810) (742)
Dividends paid on common stock                 (32,725) (25,707) (21,844)
Dividends paid on preferred stock                 (21,954) (20,451) (19,630)
Net cash provided by (used in) financing activities                 350,636 (766,680) 2,583,559
Net change in cash and cash equivalents                 3,893 (51,811) 283,386
Cash and cash equivalents at beginning of year       387,699       439,510 387,699 439,510 156,124
Cash and cash equivalents at end of year 391,592       387,699       391,592 387,699 439,510
Reclassification of stranded tax effects to retained earnings                 496 0 0
Banc of California, Inc.                      
Cash flows from operating activities:                      
Net income                 45,472 57,709 115,416
Adjustments to reconcile net income to net cash provided by (used in) operating activities                      
Equity in undistributed losses (earnings) of subsidiaries                 28,943 (62,442) (65,193)
Stock-based compensation expense                 2,814 2,520 5,080
Amortization of debt issuance cost                 233 247 704
Debt redemption costs                 0 0 2,737
Gain on sale of subsidiary                 0 0 (3,694)
Deferred income tax (benefit) expense                 (30,188) 14,604 4,538
Loss on investments in alternative energy partnerships, net                 0 8,493 31,510
Net change in other assets and liabilities                 35,591 (12,957) (14,972)
Net cash provided by operating activities                 82,865 8,174 76,126
Cash flows from investing activities:                      
Loan purchases from bank and principal collections, net                 0 0 221
Proceeds from sale of subsidiary                 0 0 259
Investments in alternative energy partnerships                 0 (3,712) (57,149)
Net cash (used in) provided by investing activities                 0 (3,712) (251,694)
Cash flows from financing activities:                      
Net (decrease) increase in other borrowings                 0 (68,000) 68,000
Net proceeds from issuance of common stock                 0 0 175,078
Net proceeds from issuance of preferred stock                 0 0 120,255
Redemption of preferred stock                 (40,250) 0 (42,000)
Redemption of senior notes                 0 0 (84,750)
Payment of junior subordinated amortizing notes                 0 (2,684) (5,078)
Cash settlements of stock options                 0 0 (359)
Proceeds from exercise of stock options                 0 2,043 0
Restricted stock surrendered due to employee tax liability                 (2,366) (6,824) (4,436)
Dividend equivalents paid on stock appreciation rights                 (810) (810) (742)
Dividends paid on common stock                 (32,725) (25,707) (21,844)
Dividends paid on preferred stock                 (21,954) (20,451) (19,630)
Net cash provided by (used in) financing activities                 (98,105) (122,433) 184,494
Net change in cash and cash equivalents                 (15,240) (117,971) 8,926
Cash and cash equivalents at beginning of year       $ 40,496       $ 158,467 40,496 158,467 149,541
Cash and cash equivalents at end of year $ 25,256       $ 40,496       25,256 40,496 158,467
Reclassification of stranded tax effects to retained earnings                 496 0 0
Banc of California, Inc. | Subsidiaries                      
Cash flows from investing activities:                      
Capital contribution to subsidiary                 0 0 (195,000)
Banc of California, Inc. | Non-Bank Subsidiaries                      
Cash flows from investing activities:                      
Capital contribution to subsidiary                 $ 0 $ 0 $ (25)
[1] The Company made certain immaterial reclassification adjustments within operating activities during the years ended December 31, 2017 and 2016.