Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 443

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 443
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 The following tables present a summary of the activity in the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment for the years indicated: Year Ended December 31, 2024Real EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(In thousands)Allowance for Loan and Lease Losses:Balance, beginning of year $186,827 $33,830 $45,156 $15,874 $281,687 Charge-offs(63,117)— (26,322)(5,504)(94,943)Recoveries2,766 — 5,711 639 9,116 Net charge-offs(60,351)— (20,611)(4,865)(85,827)Provision 19,278 (22,890)43,288 3,824 43,500 Balance, end of year$145,754 $10,940 $67,833 $14,833 $239,360 Ending Allowance byEvaluation Methodology:Individually evaluated $1,702 $— $3,706 $— $5,408 Collectively evaluated $144,052 $10,940 $64,127 $14,833 $233,952 Ending Loans and Leases byEvaluation Methodology:Individually evaluated $167,060 $— $19,831 $— $186,891 Collectively evaluated 13,260,599 3,172,293 6,758,998 402,882 23,594,772 Ending balance$13,427,659 $3,172,293 $6,778,829 $402,882 $23,781,663 

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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)Re