Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 440

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 440
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 0.2 %37 — %5 — %— — %4,452 0.2 %Consumer14 — %— — %2 — %— — %16 — %Total$13,492 $37 $7 $324 $13,860 The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the year indicated:Year Ended December 31, 2024Term Extension - Financial EffectReal estate mortgage:CommercialExtended maturity by a weighted average 13 months.Other residentialExtended maturity by a weighted average seven years.Commercial:Asset-basedExtended maturity by a weighted average seven months.Venture capitalExtended maturity by a weighted average three years.Other commercialExtended maturity by a weighted average 13 months.ConsumerExtended maturity by a weighted average 12 months.Year Ended December 31, 2024Payment Delay - Financial EffectReal estate mortgage:CommercialDeferred partial payments by a weighted average 24 months.Commercial:Venture capitalDeferred partial payments for three months.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

Year Ended December 31, 2024Combination - Term Extension and Principal Forgiveness    Real estate mortgage:CommercialExtended maturity by a weighted average three years and granted principal forgiveness totaling $4 million.Year Ended December 31, 2024Combination - Term Extension and Payment Delay - Financial EffectReal estate mortgage:CommercialExtended maturity by a weighted average five years and granted eight months of partial payment deferrals.Commercial:Venture capitalExtended maturity and granted payment deferrals for a weighted average of three months.Other commercialExtended maturity by a weighted average 10 years and granted four months of payment deferrals.Year Ended December 31, 2023Term Extension - Financial EffectReal estate mortgage:Other residentialExtended maturity by a weighted average seven months.Commercial:Other commercialExtended maturity by a weighted average 19 months.ConsumerExtended maturity by a weighted average 12 months.Year Ended December 31, 2023Payment Delay - Financial EffectCommercial:Other commercialProvided 18 months of reduced payments to borrowers without extending the loan term.Year Ended December 31, 2023Combination - Term Extension and Interest Rate ReductionCommercial:Other commercialExtended maturity by a weighted average 3 years and reduced weighted average contractual interest rate from 11.75% to 7.50%.ConsumerExtended