Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 170

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 170
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,952 70 %Commercial:Lender finance 1,450,521 6 %727,913 3 %Equipment finance632,371 2 %621,888 3 %Premium finance465,164 2 %546,393 2 %Other asset-based194,463 1 %191,775 1 %Total asset-based2,742,519 11 %2,087,969 9 %Equity fund loans1,047,768 4 %746,655 3 %Venture lending859,833 4 %791,121 3 %Total venture capital1,907,601 8 %1,537,776 6 %Secured business loans759,882 3 %756,612 3 %Warehouse lending1,770,691 7 %1,473,074 6 %Other lending825,964 4 %923,398 4 %Total other commercial3,356,537 14 %3,153,084 13 %Total commercial8,006,657 33 %6,778,829 28 %Consumer369,297 2 %402,882 2 %Total loans and leases held for investment$24,110,642 100 %$23,781,663 100 %Total unfunded loan commitments$4,822,917 $4,887,690 

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(1)    Includes land and acquisition and development loans of $217.7 million at September 30, 2025 and $223.9 million at December 31, 2024, respectively.

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Total loans and leases held for investment increased by $329.0 million and totaled $24.1 billion at September 30, 2025 compared to $23.8 billion at December 31, 2024. The increase in loans and leases held for investment was due primarily to increased balances in the asset-based, venture capital, other residential real estate mortgage (mainly from purchased single-family residential loans), and other commercial loan portfolios, offset partially by a decrease in the real estate construction and land loan segment and the commercial real estate mortgage loan portfolios. 

In the second quarter of 2025, the Company commenced a strategic loan sale process and transferred $506.7 million of loans to held for sale. While many of the loans in the sale