Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 31

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 31
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 appropriate as of the reporting date. It is possible that others, given the same information, may at any point in time reach different conclusions that could result in a significant impact to the Company's financial statements. 

 The following table presents information regarding the ACL on loans and leases held for investment as of the dates indicated:March 31,December 31,Allowance for Credit Losses Data 20252024(Dollars in thousands)Allowance for loan and lease losses$234,986 $239,360 Reserve for unfunded loan commitments29,571 29,071 Total allowance for credit losses$264,557 $268,431 Allowance for loan and lease losses to loans and leases held for investment0.97 %1.01 %Allowance for credit losses to loans and leases held for investment1.10 %1.13 %

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The following table presents the changes in our ACL on loans and leases held for investment for the periods indicated:Three Months EndedRoll Forward of Allowance for Credit LossesMarch 31,December 31,March 31,on Loans and Leases Held for Investment202520242024(Dollars in thousands)Balance, beginning of period $268,431 $281,916 $311,258 Provision for credit losses:Addition to allowance for loan and lease losses9,700 11,500 11,000 Addition to (reduction in) reserve for unfunded loan commitments500 1,500 (1,000)Total provision for credit losses10,200 13,000 10,000 Loans and leases charged off:Real estate mortgage(5,789)(6,119)(2,477)Real estate construction and land— — — Commercial(9,582)(20,507)(704)Consumer(1,180)(1,070)(1,833)Total loans and leases charged off(16,551)(27,696)(5,014)Recoveries on loans and leases charged off:Real estate mortgage312 230 891 Real estate construction and land— — — Commercial2,103 755 2,869 Consumer62 226 70 Total recoveries on loans and leases charged off 2,477 1,211 3,830 Net charge-offs(14,074)(26,485)(1,184)Balance, end of period$264,557 $268,431