Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 216

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 216
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 originated consumer loans by reviewing each new loan request and each renewal individually and adhering to written credit policies. Each purchased pool of loans must meet thresholds we have established for weighted average credit scores, weighted average borrower annual income, and weighted average borrower monthly free cash flow. For all purchased student loans, we monitor the performance of the originator and the enforcement of our rights under the loan purchase agreement. 

14

Loan Concentrations

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

December 31, 202420232022% of % of % of BalanceTotalBalanceTotalBalanceTotal(Dollars in thousands)Real estate mortgage:Commercial$4,578,772 19 %$5,026,497 20 %$3,846,831 13 %Multi-family6,041,713 26 %6,025,179 23 %5,607,865 20 %Other residential2,807,174 12 %5,060,309 20 %6,275,628 22 %Total real estate mortgage13,427,659 57 %16,111,985 63 %15,730,324 55 %Real estate construction and land:Commercial799,131 3 %759,585 3 %898,592 3 %Residential2,373,162 10 %2,399,684 9 %3,253,580 11 %Total real estate construction and land (1)3,172,293 13 %3,159,269 12 %4,152,172 14 %Total real estate16,599,952 70 %19,271,254 75 %19,882,496 69 %Commercial:Asset-based2,087,969 9 %2,189,085 9 %5,140,209 18 %Venture capital1,537,776 6 %1,446,362 6 %2,033,302 7 %Other commercial3,153,084 13 %2,129,860 8 %1,108,451 4 %Total commercial6,778,829 28 %5,765,307 23 %8,281,962 29 %Consumer402,882