XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Leases [Abstract] |
Schedule of Occupancy Expense and Supplemental Cash Flow Information Related to Operating Leases | Our lease expense is a component of "Occupancy expense" on our condensed consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:
| Three Months Ended |  |
| March 31, |  |
| 2024 |  | 2023 |  |  |  |
| (In thousands)
Operating lease expense: |  |  |  |  |  |  |
Fixed costs | $ | 9,435 |  |  | $ | 7,748 |  |  |  |  |
Variable costs | 48 |  |  | 35 |  |  |  |  |
Short-term lease costs | 66 |  |  | 357 |  |  |  |  |
Sublease income | (1,196) |  |  | (712) |  |  |  |  |
Net lease expense | $ | 8,353 |  |  | $ | 7,428 |  |  |  |  |
Schedule of Cash Flow, Supplemental Disclosures | The following table presents supplemental cash flow information related to leases for the periods indicated:
| Three Months Ended
| March 31,
| 2024 |  | 2023
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 7,746 |  |  | $ | 8,963 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 1,183 |  |  | $ | 2,196 |
Schedule of Supplemental Balance Sheet Information Related to Operating Leases | The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:
| March 31, |  | December 31,
| 2024 |  | 2023
| (Dollars in thousands)
Operating leases: |  |  |
Operating lease right-of-use assets, net | $ | 125,383 |  |  | $ | 133,126 |
Operating lease liabilities | $ | 153,298 |  |  | $ | 161,308 |
Weighted average remaining lease term (in years) | 6.0 |  | 6.1
Weighted average discount rate | 3.41 | % |  | 3.40 | %
Schedule of Maturities of Operating Leases | The following table presents the maturities of operating lease liabilities as of the date indicated:
| March 31, 2024
| (In thousands)
Period ending December 31, |
2024 | $ | 30,606 |
2025 | 34,841 |
2026 | 28,152 |
2027 | 20,386 |
2028 | 16,248 |
Thereafter | 41,304 |
Total operating lease liabilities | 171,537 |
Less: Imputed interest | (18,239) |
Present value of operating lease liabilities | $ | 153,298 |
Schedule of Payments to be Received on Operating Leases | The following table presents the rental payments to be received on operating leases as of the date indicated:
| March 31, 2024
| (In thousands)
Year Ending December 31, |
2024 | $ | 34,210 |
2025 | 39,965 |
2026 | 35,321 |
2027 | 28,349 |
2028 | 24,223 |
Thereafter | 64,371 |
Total undiscounted cash flows | $ | 226,439 |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | pacw_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | pacw_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration