Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 108

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 108
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,571 $275,333 Six Months EndedJune 30, 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(63,084)— (63,084)Recoveries6,159 — 6,159 Net charge-offs(56,925)— (56,925)Provision 23,000 (2,000)21,000 Balance, end of period$247,762 $27,571 $275,333 

46

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 as of the dates indicated: Goodwill (In thousands)Balance, December 31, 2024$214,521 Balance, June 30, 2025$214,521 Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized on an accelerated basis over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired. The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the periods indicated: Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024 (In thousands)Gross carrying amount of CDI and CRI,begin