Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 172

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 172
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, and real estate construction and land loans. As of September 30, 2025 and December 31, 2024, the real estate loan comprised 65% and 70%, respectively, of the total loan portfolio. The following table presents the geographic composition of our real estate loans held for investment by the top 10 states and all other states combined (in the order presented for the current quarter-end) as of the dates indicated:

September 30, 2025December 31, 2024% of % of Real Estate Loans by StateBalanceTotalBalanceTotal(Dollars in thousands)California$11,312,481 72 %$11,722,323 71 %Colorado1,073,813 7 %1,224,295 7 %Texas549,034 3 %542,312 3 %Florida441,976 3 %437,987 3 %Washington371,442 2 %393,584 2 %Arizona367,792 2 %540,726 3 %Nevada316,538 2 %388,627 2 %Oregon310,986 2 %307,088 2 %Utah143,340 1 %147,205 1 %New York97,067 1 %98,920 1 %Total of 10 largest states14,984,469 95 %15,803,067 95 %All other states750,219 5 %796,885 5 %Total real estate loans held for investment$15,734,688 100 %$16,599,952 100 %

At September 30, 2025 and December 31, 2024, 72% and 71% of our real estate loans were collateralized by property located in California because our full-service branches and our community banking activities are primarily located in California.

Loans Held for Sale     

Total loans held for sale increased by $185.1 million to $211.5 million at September 30, 2025 compared to $26.3 million at December 31, 2024. The increase primarily reflects the transfer of loans to HFS as part of the Company’s strategic loan sale process initiated in the second quarter of 2025, partially offset by subsequent loan liquidations, as discussed above. 

97

Allowance for Credit Losses on Loans and Le