Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 35

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 35
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 (3,807)(377)Total commercial13,540 2,127 21,775 4,126 (8,235)(1,999)Consumer992 2,076 624 2,804 368 (728)Total held for investment$213,480 $57,999 $189,605 $50,789 $23,875 $7,210 

During the three months ended March 31, 2025, nonperforming loan and leases held for investment increased by $23.9 million to $213.5 million at March 31, 2025 compared to $189.6 million at December 31, 2024, due mainly to additions of $67.8 million, offset partially by principal and other reductions of $30.8 million, charge-offs of $12.6 million, and transfers to accrual status of $0.5 million. The additions to nonperforming loans and leases were largely related to one commercial real estate loan which is full recourse to the guarantor and we believe has adequate collateral coverage. As of March 31, 2025, the Company's three largest loan relationships on nonaccrual status had an aggregate carrying value of $73.9 million and represented 35% of total nonaccrual loans and leases. 

Loans and leases accruing 30-89 days past due increased by $7.2 million to $58.0 million as of March 31, 2025 compared to $50.8 million at December 31, 2024, due mainly to increases of $16.3 million in commercial real estate mortgage delinquent loans, offset partially by a decrease of $7.6 million in multi-family real estate mortgage delinquent loans.

90

Foreclosed Assets, Net

The following table presents foreclosed assets (primarily OREO), net of the valuation allowance, by property type as of the dates indicated:

March 31,December 31, Property Type20252024(In thousands)Single-family residential$5,454 $9,714 Total OREO, net5,454 9,714 Other foreclosed assets20 20 Total foreclosed assets, net$5,474 $9,734 

During the three months ended March 31, 2025, foreclosed assets decreased by $4.3 million to $5.5 million at March 31, 202