Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 342

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 342
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 5,056 Real Estate Construction and Land:Commercial — — — Residential — — — Total real estate construction and land— — — Total real estate 63,117 47,370 5,056 Commercial:Lender finance — 150 — Equipment finance— — — Premium finance— 60 — Other asset-based92 — 750 Total asset-based92 210 750 Equity fund loans— — — Venture lending16,414 5,013 940 Total venture capital16,414 5,013 940 Secured business loans4,490 658 479 Warehouse lending— — — Other lending5,326 7,780 4,648 Total other commercial9,816 8,438 5,127 Total commercial 26,322 13,661 6,817 Consumer5,504 2,397 2,164 Total charge-offs$94,943 $63,428 $14,037 

Charge-offs increased by $31.5 million to $94.9 million in 2024 from $63.4 million in 2023 due mainly to increases of $16.2 million in the investor-owned residential real estate mortgage subclass, $11.4 million in the venture lending subclass, and $8.5 million in the commercial real estate mortgage subclass, offset partially by a decrease of $10.0 million in the residential renovation real estate mortgage subclass. 

89

The following table presents recoveries by loan portfolio segment, class, and subclass for the years indicated:

Year Ended December 31,Allowance for Credit Losses Recoveries202420232022(In thousands)Real Estate Mortgage:Commercial real estate$389 $— $1,204 SBA program480 281 281 Hotel— — — Total commercial real estate mortgage869 281 1,485 Multi-family500 — 4 Residential mortgage8 20 234 Investor-owned residential724 175 25 Residential renovation665 409 — Total other residential real estate mortgage1,397 604 259 Total real estate mortgage2,766 885 1,748 Real Estate Construction and Land:Commercial — — 178 Residential — — — Total real estate construction and land— — 178