Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 35

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 35
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 than 2023. 

•Other commercial loans increased by 48% to $3.2 billion or 13% of total loans and leases held for investment at December 31, 2024 from $2.1 billion or 8% at December 31, 2023. The increased balance was attributable primarily to higher warehouse lending loans, which increased by $918.1 million to $1.5 billion at December 31, 2024 from $554.9 million at December 31, 2023, and higher secured business loans, which increased by 23% to $756.6 million at December 31, 2024 from $614.1 million at December 31, 2023.  

81

The following table presents a roll forward of loans and leases held for investment for the years indicated:

Year Ended December 31, Roll Forward of Loans and Leases Held for Investment202420232022(In thousands)Balance, beginning of year$25,489,687 $28,609,129 $22,941,548 Additions:Production2,160,644 951,465 8,435,396 Disbursements5,110,783 5,485,138 7,058,553 Total production and disbursements7,271,427 6,436,603 15,493,949 Reductions:Payoffs (3,864,489)(4,490,009)(4,909,797)Paydowns(3,043,419)(2,998,257)(4,755,033)Total payoffs and paydowns(6,907,908)(7,488,266)(9,664,830)Sales (27,516)(3,299,857)(63,263)Transfers to foreclosed assets(19,978)(20,915)(7,985)Charge-offs(94,943)(63,428)(14,037)Transfers to loans held for sale(1,930,285)(3,162,615)(76,253)Total reductions(8,980,630)(14,035,081)(9,826,368)Transfers from loans held for sale1,179 513,914 — Loans acquired through merger and acquisition— 3,965,122 — Net (decrease) increase(1,708,024)(3,119,442)5,667,581