Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 41

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 41
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Special mention loans and leases decreased by $435.7 million to $661.6 million at June 30, 2025 compared to $1.1 billion at December 31, 2024, due mainly to decreases of $203.2 million in residential real estate construction and land special mention loans resulting from credit migration out of the category, as well as $144.7 million in commercial real estate mortgage special mention loans and $118.5 million in commercial real estate construction and land special mention loans primarily due to the transfer of loans to held for sale in connection with the strategic loan sales process. These decreases were offset partially by increases of  $34.0 million in commercial asset-based special mention loans and $27.1 million in venture capital special mention loans.

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Deposits

The following table presents the composition of our deposit portfolio by account type as of the dates indicated:

June 30, 2025December 31, 2024% of% ofIncreaseDeposit TypeBalanceTotalBalanceTotal(Decrease)(Dollars in thousands)Noninterest-bearing checking$7,441,116 27 %$7,719,913 28 %$(278,797)Interest-bearing:Checking7,974,452 29 %7,610,705 28 %363,747 Money market5,375,080 20 %5,361,635 20 %13,445 Savings1,932,906 7 %1,933,232 7 %(326)Time:Non-brokered2,492,890 9 %2,488,217 9 %4,673 Brokered2,311,989 8 %2,078,207 8 %233,782 Total time deposits4,804,879 17 %4,566,424 17 %238,455 Total interest-bearing20,087,317 73 %19,471,996 72 %615,321 Total deposits$27,528,433 100 %$27,191,909 100 %$336,524 

The following table presents time deposits based on the $250,000 FDIC insured limit as of the dates indicated:

June 30, 2025December 31, 2024% of% ofTotalTotalTime DepositsBalanceDepositsBalanceDeposits(Dollars in thousands)Time deposits $250