Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 100

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 100
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 $8,343 Collectively evaluated $189,938 $30,011 $47,047 $16,164 $283,160 Ending Loans and Leases by Evaluation Methodology:Individually evaluated $129,116 $— $14,919 $4 $144,039 Collectively evaluated 15,838,283 3,245,354 5,805,648 439,698 25,328,983 Ending balance$15,967,399 $3,245,354 $5,820,567 $439,702 $25,473,022 The allowance for loan and lease losses decreased by $4.4 million in the first quarter of 2025 to $235.0 million due primarily to a $9.7 million provision, offset by net charge-offs of $14.1 million. For additional information regarding the calculation of the ALLL using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see Note 1(j). Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment of the Notes to Consolidated Financial Statements contained in "Item 8. Financial Statements and Supplementary Data" of the Form 10-K.A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans held for investment by collateral type as of the following dates:March 31, 2025December 31, 2024RealBusiness RealBusinessPropertyAssetsTotalPropertyAssetsTotal(In thousands)Real estate mortgage$198,839 $— $198,839 $167,060 $— $167,060 Commercial— 7,169 7,169 — 10,870 10,870      Total$198,839 $7,169 $206,008 $167,060 $10,870 $177,930 

37

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

Allowance for Credit LossesThe ACL is the combination of the ALLL and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and