Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 23

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 23
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 AFS debt securities, and held-to-maturity debt securities as well as information regarding credit quality metrics for the years indicated:

Year Ended December 31,IncreaseIncrease2024(Decrease)2023(Decrease)2022(Dollars in thousands)Provision For Credit Losses:Addition to allowance for loan and lease losses$43,500 $(70,000)$113,500 $108,500 $5,000 (Reduction in) addition to reserve for unfunded loan commitments(500)61,000 (61,500)(79,500)18,000 Total loan-related provision43,000 (9,000)52,000 29,000 23,000 Reduction in allowance for available-for-sale securities(199)(199)— — — Addition to allowance for held-to-maturity securities— — — (1,500)1,500 Total provision for credit losses$42,801 $(9,199)$52,000 $27,500 $24,500 Credit Quality Metrics:Net charge-offs on loans and leases held for investment (1)$85,827 $27,659 $58,168 $53,336 $4,832 Net charge-offs to average loans and leases0.35 %0.23 %0.02 %At year-end:Allowance for credit losses$268,431 $(42,827)$311,258 $19,455 $291,803 Allowance for credit losses to loans and leasesheld for investment1.13 %1.22 %1.02 %Allowance for credit losses to nonaccrual loans and leases held for investment141.57 %497.80 %281.18 %Nonaccrual loans and leases held for investment $189,605 $127,078 $62,527 $(41,251)$103,778 Nonaccrual loans and leases held for investment to loans and leases held for investment0.80 %0.25 %0.36 %

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(1)    See "- Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases Held for Investment" for detail of charge-offs and recoveries by loan portfolio segment, class, and subclass for the years presented.

Provisions for credit losses are charged to earnings for both on and off‑balance sheet