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

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 25
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 the AFS to HTM transfer, compared to $157.9 million at December 31, 2024.

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The following table shows the geographic composition of the majority of our HTM municipal securities portfolio as of the date indicated:

March 31, 2025Amortized % of Municipal Securities by StateCostTotal(Dollars in thousands) California$314,235 25 % Texas277,718 22 % Washington188,396 15 % Oregon80,261 6 % Maryland64,278 5 % Georgia55,314 4 % Colorado48,578 4 % Minnesota34,719 3 % Tennessee31,075 3 % Florida21,954 2 %Total of ten largest states1,116,528 89 %All other states135,927 11 %Total municipal securities held-to-maturity$1,252,455 100 %

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Loans and Leases Held for Investment     

The following table presents the composition of our loans and leases held for investment by loan portfolio segment, class, and subclass as of the dates indicated:

March 31, 2025December 31, 2024% of% ofLoan and Lease Portfolio BalanceTotalBalanceTotal(Dollars in thousands)Real Estate Mortgage:Commercial real estate$3,451,440 14 %$3,540,612 15 %SBA program630,071 3 %630,412 2 %Hotel408,032 2 %407,748 2 %Total commercial real estate mortgage4,489,543 19 %4,578,772 19 %Multi-family6,216,084 26 %6,041,713 26 %Residential mortgage2,684,213 11 %2,682,667 11 %Investor-owned residential86,672 — %102,778 1 %Residential renovation16,146 — %21,729 — %Total other residential real estate2,787,031 11 %2,807,174 12 %Total real estate mortgage13,492,658 56 %13,427,659 57 %Real Estate Construction and Land:Commercial 733,684 3 %799,131 3 %Residential2,127,354 9