Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 36

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 36
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 EndedNine Months EndedSeptember 30,June 30,September 30,Allowance for Credit Losses Recoveries 2025202520252024(In thousands)Real Estate Mortgage:Commercial real estate$1,531 $234 $1,843 $389 SBA program56 34 252 256 Hotel— — — — Total commercial real estate mortgage1,587 268 2,095 645 Multi-family— — — 500 Residential mortgage6 5 22 5 Investor-owned residential9 — 9 721 Residential renovation— 25 86 665 Total other residential real estate15 30 117 1,391 Total real estate mortgage1,602 298 2,212 2,536 Real Estate Construction and Land:Commercial 1,370 — 1,370 — Residential — — — — Total real estate construction and land1,370 — 1,370 — Total real estate2,972 298 3,582 2,536 Commercial:Lender finance — — — — Equipment finance— — — — Premium finance6 5 15 — Other asset-based1,488 — 1,488 113 Total asset-based1,494 5 1,503 113 Equity fund loans— — — — Venture lending233 — 283 1,270 Total venture capital233 — 283 1,270 Secured business loans2,215 195 2,711 340 Warehouse lending— — — — Other lending1,891 2,088 5,727 3,233 Total other commercial4,106 2,283 8,438 3,573 Total commercial5,833 2,288 10,224 4,956 Consumer117 140 319 413 Total recoveries$8,922 $2,726 $14,125 $7,905 

102

Credit Quality

The overall quality of our loan portfolio remains strong, supported by disciplined underwriting, borrower strength, 

and robust credit metrics. Credit quality metrics improved primarily due to the transfer of loans to held for sale in connection with the strategic loan sales process commenced in the second quarter of 2025