Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 46

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 46
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1,500 2,073 923 Secured business loans504 30 178 Warehouse lending— — — Other lending3,594 1,418 5,360 Total other commercial4,098 1,448 5,538 Total commercial5,711 4,125 7,163 Consumer639 250 116 Total recoveries$9,116 $5,260 $9,205 

90

The following table presents the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment as of the dates indicated:

Allocation of the Allowance for Loan and Lease Losses by Portfolio SegmentReal EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(Dollars in thousands)December 31, 2024Allowance for loan and lease losses$145,754 $10,940 $67,833 $14,833 $239,360 % of loans to total loans57 %13 %28 %2 %100 %December 31, 2023Allowance for loan and lease losses$186,827 $33,830 $45,156 $15,874 $281,687 % of loans to total loans63 %12 %23 %2 %100 %December 31, 2022Allowance for loan and lease losses$87,309 $52,320 $52,849 $8,254 $200,732 % of loans to total loans55 %14 %29 %2 %100 %

The allowance for loan and lease losses attributable to real estate mortgage loans was $145.8 million and $186.8 million at December 31, 2024 and 2023. As ratios to real estate mortgage loans at those dates, these percentages were 1.09% and 1.16%. The ratio decrease was primarily due to a an improvement in the economic forecast, a shorter remaining life of the portfolio, and changes in the portfolio mix to loans with lower expected credit losses driven primarily by the sale of Civic loans.

The allowance for loan and lease losses attributable to real estate construction and land loans was $10.9 million and $33.8 million at December 31, 2024 and 2023. As ratios to real estate construction and land loans at those dates, these percentages were 0.34% and 1