Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 181

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 181
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 partially by an increase of $5.5 million in other residential 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:

September 30,December 31, Property Type20252024(In thousands)Single-family residential$4,770 $9,714 Total OREO, net4,770 9,714 Other foreclosed assets20 20 Total foreclosed assets, net$4,790 $9,734 

Foreclosed assets decreased by $4.9 million to $4.8 million at September 30, 2025 compared to $9.7 million at December 31, 2024, due mainly to sales of $10.9 million and a provision for losses of $0.8 million, offset partially by transfers from loans of $6.7 million.  

104

Classified and Special Mention Loans and Leases Held for Investment

The following table presents the credit risk ratings of our loans and leases held for investment as of the dates indicated:

September 30,December 31,Loan and Lease Credit Risk Ratings 20252024(In thousands)Pass$22,841,081 $22,120,846 Special mention505,979 1,097,315 Classified763,582 563,502 Total loans and leases held for investment$24,110,642 $23,781,663 

Classified and special mention loans and leases fluctuate from period to period as a result of loan repayments and downgrades or upgrades from our ongoing active portfolio management. 

The following table presents the classified and special mention credit risk rating categories for loans and leases held for investment by loan portfolio segment and class and the related net changes as of the dates indicated:

September 30, 2025December 31, 2024Increase (Decrease)Special Special Special ClassifiedMentionClassifiedMentionClassifiedMention(In thousands)Real estate mortgage:Commercial$298,208 $109,921 $301,278 $348,014 $(3,070)$(238,093)Multi-family182,431 153,360 113,164 202,690 69,267 (49,330)Other residential66,944 — 47,993 14,351 18,951 (14,351)