Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 37

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 37
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 business loans195 301 496 319 Warehouse lending— — — — Other lending2,088 1,748 3,836 2,873 Total other commercial2,283 2,049 4,332 3,192 Total commercial2,288 2,103 4,391 3,703 Consumer140 62 202 136 Total recoveries$2,726 $2,477 $5,203 $6,159 

99

Credit Quality

The overall quality of our loan portfolio remains strong, supported by disciplined underwriting, borrower strength, and robust credit metrics. Credit quality metrics improved primarily due to the transfer of loans to held for sale in connection with the strategic loan sales process in the second quarter of 2025. These sales and transfers contributed to broad-based improvements across key credit quality metrics.

Nonperforming Assets, Classified Loans and Leases, and Special Mention Loans and Leases     

The following table presents information on our nonperforming assets, classified loans and leases, and special mention loans and leases as of the dates indicated:

June 30,December 31,20252024(Dollars in thousands)Nonaccrual loans and leases held for investment $167,516 $189,605 Accruing loans contractually past due 90 days or more— — Total nonperforming loans and leases 167,516 189,605 Foreclosed assets, net7,806 9,734 Total nonperforming assets$175,322 $199,339 Classified loans and leases held for investment $656,556 $563,502 Special mention loans and leases held for investment$661,568 $1,097,315 Nonaccrual loans and leases held for investment to loans and leases held for investment0.69 %0.80 %Nonperforming assets to loans and leases held for investment and foreclosed assets, net0.72 %0.84 %Classified loans and leases held for investment to loans and leases held for investment2.71 %2.37 %Special mention loans and leases held for investment to loans and leases held for investment2.73 %4.61 %Allowance for credit losses to nonaccrual loans and leases held for investment154.4 %141.6 %

100

Nonaccrual Loans and Leases Held for Investment