LOAN COMMITMENTS AND OTHER RELATED ACTIVITIES

Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Risk of credit loss exists up to the face amount of these instruments. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The contractual amount of financial instruments with off-balance-sheet risk was as follows for the dates indicated:



	September 30, 2016				December 31, 2015
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
	(In thousands)
Commitments to extend credit	$	88,774	$	180,288	$	40,312	$	99,026
Unused lines of credit	15,305		785,898		6,044		508,295
Letters of credit	1,411		10,469		2,611		11,278

Commitments to make loans are generally made for periods of 30 days or less.

Other Commitments

As of September 30, 2016, total forward commitments related to mortgage banking activities were $1.14 billion. These commitments consisted of TBAs of $1.09 billion, and best efforts contracts of $45.4 million. Additionally, the Company had IRLCs of $543.3 million, jumbo SFR mortgage loan sale commitments of $67.6 million, and foreign exchange contracts of $20.8 million at September 30, 2016.

On August 22, 2016, the Company entered into a binding letter of intent to be the naming partner of the soccer stadium of The Los Angeles Football Club (LAFC), now officially named Banc of California Stadium as well as the official bank of LAFC and the LAFC Foundation.