Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 422

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 422
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 table summarizes the composition of our loans and leases held for investment as of the dates indicated:December 31,20242023(In thousands)Real estate mortgage$13,605,595 $16,378,537 Real estate construction and land (1)3,187,146 3,183,357 Commercial6,788,923 5,780,346 Consumer402,254 454,474 Total gross loans and leases held for investment23,983,918 25,796,714 Unearned discounts, net (2)(175,713)(261,984)Deferred fees, net(26,542)(45,043)Total loans and leases held for investment23,781,663 25,489,687 Allowance for loan and lease losses(239,360)(281,687)Total loans and leases held for investment, net (3)$23,542,303 $25,208,000 ____________________(1)    Includes land and acquisition and development loans of $223.9 million and $228.9 million at December 31, 2024 and 2023.(2)    Represents net acquisition discounts of $235.2 million and net purchase premiums of $59.5 million at December 31, 2024, and net acquisition discounts of $334.2 million and purchase premiums of $72.2 million at December 31, 2023. (3)    Excludes accrued interest receivable of $96.8 million and $111.3 million at December 31, 2024 and 2023, which is recorded in "Other assets" on the consolidated balance sheets.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

The following tables present an aging analysis of our loans and leases held for investment by loan portfolio segment and class as of the dates indicated:December 31, 202430 - 8990 or MoreDaysDaysTotalPast DuePast DuePast DueCurrentTotal (In thousands)Real estate mortgage:Commercial$27,700 $22,561 $50,261 $4,528,511 $4,578,772 Multi-family10,346 21,860 32,206 6,009,507 6,041,713 Other residential39,873 36,976 76,849 2,730,325 2,807,174