Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 164

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 164
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 — — Equity fund loans— — — Venture lending50 230 357 Total venture capital50 230 357 Secured business loans301 164 263 Warehouse lending— — — Other lending1,748 361 2,249 Total other commercial2,049 525 2,512 Total commercial2,103 755 2,869 Consumer62 226 70 Total recoveries$2,477 $1,211 $3,830 

88

Credit Quality

The overall quality of our loan portfolio remains strong, supported by disciplined underwriting, borrower strength, and robust credit metrics. In light of the current economic uncertainty, we enhanced our credit monitoring process to more proactively manage potential risks. In the first quarter of 2025, credit downgrades were primarily driven by rate-sensitive loans, although these loans are well-collateralized with low loan-to-value ("LTV") ratios that we believe mitigate the risk of potential losses.

Nonperforming Assets, Classified Loans and Leases, and Special Mention Loans and Leases     

The following table presents information on our nonperforming assets, classified loans and leases, and special mention loans and leases as of the dates indicated:

March 31,December 31,20252024(Dollars in thousands)Nonaccrual loans and leases held for investment $213,480 $189,605 Accruing loans contractually past due 90 days or more— — Total nonperforming loans and leases 213,480 189,605 Foreclosed assets, net5,474 9,734 Total nonperforming assets$218,954 $199,339 Classified loans and leases held for investment $764,723 $563,502 Special mention loans and leases held for investment$937,014 $1,097,315 Nonaccrual loans and leases held for investment to loans and leases held for investment0.88 %0.80 %Nonperforming assets to loans and leases held for investment and foreclosed assets, net0.91 %0.84 %Allowance for credit losses to nonaccrual loans and leases held for investment123.9 %141.6 %Classified loans and leases held for investment to loans and leases held for investment3.17 %2.37 %Special mention loans and leases held for investment to