Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 39

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 39
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,785 — 3,172,293 Commercial 3,389,233 2,562,890 605,368 221,338 6,778,829 Consumer 4,907 45,552 216,536 135,887 402,882 Total loans and leases held forinvestment$7,041,753 $6,578,688 $3,765,477 $6,395,745 $23,781,663 

At December 31, 2024, we had $7.0 billion of loans and leases held for investment due to mature over the next twelve months. For any loan modifications made to these borrowers, an assessment of whether the borrower is experiencing financial difficulty is made on the date of the modification. Loans are assessed to determine whether the modification constitutes a new loan or a continuation of the existing loan. Depending on the terms of the modification and nature of the borrower, this may result in a downgrade or placing the loan on nonaccrual status, which in turn would impact the loan’s classification within the ALLL. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ALLL because of the measurement methodologies used to estimate the allowance, a change to the ALLL is generally not recorded upon modification.

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The following table presents the interest rate profile of loans and leases held for investment due after one year as of the date indicated:

Due After One YearFixed VariableDecember 31, 2024RateRateTotal(In thousands)Real estate mortgage$5,921,268 $6,286,949 $12,208,217 Real estate construction and land241,958 502,164 744,122 Commercial 1,466,388 1,923,208 3,389,596 Consumer 390,958 7,017 397,975 Total $8,020,572 $8,719,338 $16,739,910 

For information regarding our variable-rate loans subject to interest rate floors, see "Item 7A. Quantitative and Qualitative Disclosures About Market Risk."

Allowance for Credit Losses on Loans and Leases Held for Investment

The ACL on loans and leases held for investment is the combination of the allowance for loan and lease losses and the reserve for unfunded loan commitments. The allowance for loan and lease losses is reported as a reduction of the amortized cost basis of loans and leases