Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 176

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 176
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-offs$46,948 $16,551 $63,499 $63,084 

98

The following table presents recoveries by portfolio segment, class, and subclass for the periods indicated: Three Months EndedSix Months EndedJune 30,March 31,June 30,Allowance for Credit Losses Recoveries 2025202520252024(In thousands)Real Estate Mortgage:Commercial real estate$234 $78 $312 $328 SBA program34 162 196 225 Hotel— — — — Total commercial real estate mortgage268 240 508 553 Multi-family— — — 500 Residential mortgage5 11 16 2 Investor-owned residential— — — 600 Residential renovation25 61 86 665 Total other residential real estate30 72 102 1,267 Total real estate mortgage298 312 610 2,320 Real Estate Construction and Land:Commercial — — — — Residential — — — — Total real estate construction and land— — — — Total real estate298 312 610 2,320 Commercial:Lender finance — — — — Equipment finance— — — — Premium finance5 4 9 — Other asset-based— — — 50 Total asset-based5 4 9 50 Equity fund loans— — — — Venture lending— 50 50 461 Total venture capital— 50 50 461 Secured business loans195 301 496 319 Warehouse lending— — — — Other lending2,088 1,748 3,836 2,873 Total other commercial2,283 2,049 4,332 3,192 Total commercial2,288 2,103 4,391 3,703 Consumer140 62 202 136 Total recoveries$2,726 $2,477 $5,203 $6,159 

99

Credit Quality

The overall quality of our loan portfolio remains strong, supported by disciplined underwriting, borrower strength, and robust credit metrics. Credit quality metrics improved primarily due to the transfer of loans to held for sale in connection with the strategic loan sales process in the second quarter of