Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 34

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 34
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 $268,431 Allowance for loan and lease losses to loans and leases held for investment1.00 %1.01 %Allowance for credit losses to loans and leases held for investment1.12 %1.13 %

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The following table presents the changes in our ACL on loans and leases held for investment for the periods indicated:Three Months EndedNine Months EndedRoll Forward of Allowance for Credit LossesSeptember 30,June 30,September 30,on Loans and Leases Held for Investment2025202520252024(Dollars in thousands)Balance, beginning of period $258,565 $264,557 $268,431 $311,258 Provision for credit losses:Addition to allowance for loan and lease losses8,700 38,580 56,980 32,000 Addition to (reduction in) reserve for unfunded loan commitments1,000 (350)1,150 (2,000)Total provision for credit losses9,700 38,230 58,130 30,000 Loans and leases charged off:Real estate mortgage(2,455)(16,080)(24,324)(56,998)Real estate construction and land— (21,536)(21,536)— Commercial(3,052)(8,593)(21,227)(5,815)Consumer(958)(739)(2,877)(4,434)Total loans and leases charged off(6,465)(46,948)(69,964)(67,247)Recoveries on loans and leases charged off:Real estate mortgage1,602 298 2,212 2,536 Real estate construction and land1,370 — 1,370 — Commercial5,833 2,288 10,224 4,956 Consumer117 140 319 413 Total recoveries on loans and leases charged off 8,922 2,726 14,125 7,905 Net recoveries (charge-offs)2,457 (44,222)(55,839)(59,342)Balance, end of period$270,722 $258,565 $270,722 $281,916 Annualized net (recoveries) charge-offs to average loans and leases(0.04)%0.72 %0.31 %0.32 %

100

The following table presents charge