Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 101

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 101
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 other liabilities" on the condensed consolidated balance sheets. The following tables present a summary of the activity in the ALLL and reserve for unfunded loan commitments for the periods indicated:Three Months EndedMarch 31, 2025Allowance for Reserve forTotalLoan and Unfunded LoanAllowance for Lease LossesCommitmentsCredit Losses(In thousands)Balance, beginning of period $239,360 $29,071 $268,431 Charge-offs(16,551)— (16,551)Recoveries2,477 — 2,477 Net charge-offs(14,074)— (14,074)Provision9,700 500 10,200 Balance, end of period$234,986 $29,571 $264,557 Three Months EndedMarch 31, 2024Allowance for Reserve forTotalLoan and Unfunded LoanAllowance for Lease LossesCommitmentsCredit Losses(In thousands)Balance, beginning of period$281,687 $29,571 $311,258 Charge-offs(5,014)— (5,014)Recoveries3,830 — 3,830 Net charge-offs(1,184)— (1,184)Provision 11,000 (1,000)10,000 Balance, end of period$291,503 $28,571 $320,074 

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

NOTE 5.  GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill and other intangible assets arise from the acquisition method of accounting for business combinations. Goodwill and other intangible assets generated from business combinations and deemed to have indefinite lives are not subject to amortization and instead are tested for impairment annually at the reporting unit level unless a triggering event occurs thereby requiring an updated assessment. Our regular annual impairment assessment occurs in the fourth quarter. Goodwill represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Impairment exists when the carrying value of the goodwill exceeds the fair value of the reporting unit. An impairment loss would be recognized in an amount equal to that excess as a charge to "Noninterest expense" in the condensed consolidated statements of earnings.The following table presents the carrying amount of goodwill for the years indicated: Goodwill