Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 438

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 438
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 $1 $12 $2,397 Total Loans and LeasesInternal risk rating:1-3 High pass$33,216 $287,437 $386,182 $117,303 $194,718 $435,411 $300,907 $(140)$1,755,034 4-6 Pass873,410 7,191,673 6,440,927 1,619,579 976,138 2,882,938 2,917,653 90,606 22,992,924 7 Special mention19,229 76,571 96,938 38,611 78,581 170,755 27,554 5,073 513,312 8-9 Classified4,596 19,456 68,224 12,780 45,103 68,476 8,590 1,192 228,417 Total$930,451 $7,575,137 $6,992,271 $1,788,273 $1,294,540 $3,557,580 $3,254,704 $96,731 $25,489,687 Current YTD period: Gross charge-offs$3,436 $33,088 $8,708 $876 $359 $15,345 $1,023 $593 $63,428 ______________________(1)    Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

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

On January 1, 2023, the Company adopted ASU 2022-02, "Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"), which eliminated the accounting guidance for troubled debt restructurings while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a prospective basis. The following table presents our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated with balances as of the date indicated:Year Ended December 31, 2024Loan ModificationsBalances (Amortized Cost Basis) atDecember 31, 202