Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 107

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 107
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$161,980 $167,060 $10,870 $177,930 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 other liabilities" on the condensed consolidated balance sheets. The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the periods indicated:Three Months EndedJune 30, 2025Allowance forReserve forTotalLoan andUnfunded LoanAllowance forLease LossesCommitmentsCredit Losses(In thousands)Balance, beginning of period$234,986 $29,571 $264,557 Charge-offs(46,948)— (46,948)Recoveries2,726 — 2,726 Net charge-offs (44,222)— (44,222)Provision38,580 (350)38,230 Balance, end of period$229,344 $29,221 $258,565 Six Months EndedJune 30, 2025Allowance for Reserve forTotalLoan and Unfunded LoanAllowance for Lease LossesCommitmentsCredit Losses(In thousands)Balance, beginning of period $239,360 $29,071 $268,431 Charge-offs(63,499)— (63,499)Recoveries5,203 — 5,203 Net charge-offs(58,296)— (58,296)Provision48,280 150 48,430 Balance, end of period$229,344 $29,221 $258,565 

45

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

Three Months EndedJune 30, 2024Allowance forReserve forTotalLoan andUnfunded LoanAllowance forLease LossesCommitmentsCredit Losses(In thousands)Balance, beginning of period$291,503 $28,571 $320,074 Charge-offs(58,070)— (58,070)Recoveries2,329 — 2,329 Net charge-offs(55,741)— (55,741)Provision12,000 (1,000)11,000 Balance, end of period$247,762 $27