Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 125

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 125
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479 28,936 Dividend income7,544 4,807 1,319 Total interest income on investment securities$140,794 $174,996 $209,751 

NOTE 5.  LOANS AND LEASESOur loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.  Loans and Leases Held for InvestmentThe following table summarizes the composition of our loans and leases held for investment as of the dates indicated:December 31,20242023(In thousands)Real estate mortgage$13,605,595 $16,378,537 Real estate construction and land (1)3,187,146 3,183,357 Commercial6,788,923 5,780,346 Consumer402,254 454,474 Total gross loans and leases held for investment23,983,918 25,796,714 Unearned discounts, net (2)(175,713)(261,984)Deferred fees, net(26,542)(45,043)Total loans and leases held for investment23,781,663 25,489,687 Allowance for loan and lease losses(239,360)(281,687)Total loans and leases held for investment, net (3)$23,542,303 $25,208,000 ____________________(1)    Includes land and acquisition and development loans of $223.9 million and $228.9 million at December 31, 2024 and 2023.(2)    Represents net acquisition discounts of $235.2 million and net purchase premiums of $59.5 million at December 31, 2024, and net acquisition discounts of $334.2 million and purchase premiums of $72.2 million at December 31, 2023. (3)    Excludes accrued interest receivable of $96.8 million and $111.3 million at December 31, 2024 and 2023, which is recorded in "Other assets" on the consolidated balance sheets.

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BANC OF CALIFORNIA, INC