Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 33

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 33
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 %Secured business loans756,612 3 %614,120 2 %347,660 1 %Other lending923,398 4 %960,800 4 %760,791 3 %Total other commercial3,153,084 13 %2,129,860 8 %1,108,451 4 %Total commercial6,778,829 28 %5,765,307 23 %8,281,962 29 %Consumer402,882 2 %453,126 2 %444,671 2 %Total loans and leases held for investment$23,781,663 100 %$25,489,687 100 %$28,609,129 100 %Total unfunded loan commitments$4,887,690 $5,578,907 $11,110,264 

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(1)    Includes $223.9 million, $228.9 million, and $153.5 million, at December 31, 2024, 2023, and 2022 of land acquisition and development loans.

80

 Our loan portfolio segments of real estate mortgage loans, real estate construction and land loans, and commercial loans comprised 57%, 13%, and 28% of our total loans and leases held for investment at December 31, 2024, compared to 63%, 12%, and 23% at December 31, 2023, respectively. 

The changes during 2024 in the portfolio classes comprising these portfolio segments reflected the following:

•Commercial real estate mortgage loans decreased by 9% to $4.6 billion or 19% of total loans and leases held for investment at December 31, 2024 from $5.0 billion or 20% at December 31, 2023. The lower balance was attributable primarily to payoffs and paydowns outpacing production.

•Multi-family real estate mortgage loans remained mostly flat and increased by 0.3% to $6.0 billion or 26% of total loans and leases held for investment at December 31, 2024 from $6.0 billion or 23% at December 31, 2023.

•Other residential real estate mortgage loans decreased by 45% to $2.8 billion or 12% of total loans and leases held for investment at December 31,