Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 178

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 178
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37,342 46,788 34,417 (7,392)2,925 Total real estate mortgage160,102 37,879 167,206 43,859 (7,104)(5,980)Real estate construction and land:Commercial— — — — — — Residential— — — — — — Total real estate construction and land— — — — — — Commercial:Asset-based1,731 171 1,940 1,795 (209)(1,624)Venture capital— — 6,291 — (6,291)— Other commercial4,967 628 13,544 2,331 (8,577)(1,703)Total commercial6,698 799 21,775 4,126 (15,077)(3,327)Consumer716 2,220 624 2,804 92 (584)Total held for investment$167,516 $40,898 $189,605 $50,789 $(22,089)$(9,891)

Nonperforming loans and leases held for investment decreased by $22.1 million to $167.5 million at June 30, 2025 compared to $189.6 million at December 31, 2024, due mainly to charge-offs of $19.8 million, transfers to accrual status of $16.8 million, transfers to held for sale of $5.7 million, and principal and other reductions of $60.1 million, offset partially by additions of $80.3 million. As of June 30, 2025, the Company's three largest loan relationships on nonaccrual status had an aggregate carrying value of $65.7 million and represented 39% of total nonaccrual loans and leases. 

Loans and leases accruing and 30-89 days past due decreased by $9.9 million to $40.9 million as of June 30, 2025 compared to $50.8 million at December 31, 2024, due mainly to a decrease of $9.4 million in multi-family real estate mortgage delinquent loans.   

Foreclosed Assets, Net

The following table presents foreclosed assets (primarily OREO), net of the valuation allowance, by property type as of the dates indicated: