Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 147

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 147
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6,778,829 $402,882 $23,781,663 

159

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

Year Ended December 31, 2023Real EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(In thousands)Allowance for Loan and Lease Losses:Balance, beginning of year $87,309 $52,320 $52,849 $8,254 $200,732 Initial ALLL on acquired PCD loans21,968 328 3,193 134 25,623 Charge-offs(47,370)— (13,661)(2,397)(63,428)Recoveries885 — 4,125 250 5,260 Net charge-offs(46,485)— (9,536)(2,147)(58,168)Provision 124,035 (18,818)(1,350)9,633 113,500 Balance, end of year$186,827 $33,830 $45,156 $15,874 $281,687 Ending Allowance byEvaluation Methodology:Individually evaluated $— $— $— $— $— Collectively evaluated $186,827 $33,830 $45,156 $15,874 $281,687 Ending Loans and Leases byEvaluation Methodology:Individually evaluated $47,007 $— $12,373 $— $59,380 Collectively evaluated 16,064,978 3,159,269 5,752,934 453,126 25,430,307 Ending balance$16,111,985 $3,159,269 $5,765,307 $453,126 $25,489,687 The allowance for loan and lease losses decreased by $42.3 million in 2024 due primarily to $85.8 million of net charge-offs, offset partially by a provision for loan and lease losses of $43.5 million. For additional information regarding the calculation of the allowance for loan and lease losses using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see Note 1(j). Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment