Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 30

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 30
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 InvestmentSeptember 30, 2025(In thousands)Balance, beginning of period$23,781,663 Additions:Production2,880,263 Disbursements3,941,273 Total production and disbursements6,821,536 Reductions:Payoffs (3,093,011)Paydowns(2,839,746)Total payoffs and paydowns(5,932,757)Sales(35,004)Transfers to foreclosed assets(6,725)Charge-offs(69,964)Transfers to loans held for sale(448,107)Total reductions(6,492,557)Net increase 328,979 Balance, end of period$24,110,642 

96

Real Estate Loans Held for Investment    

Our real estate loan portfolio encompasses commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans. As of September 30, 2025 and December 31, 2024, the real estate loan comprised 65% and 70%, respectively, of the total loan portfolio. The following table presents the geographic composition of our real estate loans held for investment by the top 10 states and all other states combined (in the order presented for the current quarter-end) as of the dates indicated:

September 30, 2025December 31, 2024% of % of Real Estate Loans by StateBalanceTotalBalanceTotal(Dollars in thousands)California$11,312,481 72 %$11,722,323 71 %Colorado1,073,813 7 %1,224,295 7 %Texas549,034 3 %542,312 3 %Florida441,976 3 %437,987 3 %Washington371,442 2 %393,584 2 %Arizona367,792 2 %540,726 3 %Nevada316,538 2 %388,627 2 %Oregon310,986 2 %307,088 2 %Utah143,340 1 %147,205 1 %New York97,067 1 %98,920 1 %Total of 10 largest states14,984,469 95 %15,803,067 95 %All other states750,219 5 %796,885 5 %Total real estate loans held