Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 168

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 168
---
2025, classified loans and leases increased by $201.2 million to $764.7 million at March 31, 2025 compared to $563.5 million at December 31, 2024, due mainly to increases of $102.9 million in multi-family real estate mortgage classified loans, $69.3 million in commercial real estate construction and land classified loans, and $16.1 million in commercial real estate mortgage classified loans. Increases in the multi-family real estate mortgage classified loans were largely driven by migration of rate-sensitive loans, all of which remain current, maintain strong collateral values, and are located in attractive locations in California.

During the three months ended March 31, 2025, special mention loans and leases decreased by $160.3 million to $937.0 million at March 31, 2025 compared to $1.1 billion at December 31, 2024, due mainly to decreases of 163.5 million in residential real estate construction and land special mention loans, $53.5 million in multi-family real estate mortgage special mention loans, and $47.7 million in commercial real estate mortgage special mention loans, offset partially by increases of $76.1 million in commercial real estate construction and land special mention loans and $28.6 million in venture capital special mention loans.  

92

Deposits

The following table presents the composition of our deposit portfolio by account type as of the dates indicated:

March 31, 2025December 31, 2024% of% ofIncreaseDeposit TypeBalanceTotalBalanceTotal(Decrease)(Dollars in thousands)Noninterest-bearing checking$7,593,950 28 %$7,719,913 28 %$(125,963)Interest-bearing:Checking7,747,051 29 %7,610,705 28 %136,346 Money market5,367,788 20 %5,361,635 20 %6,153 Savings1,999,062 7 %1,933,232 7 %65,830 Time:Non-brokered2,490,639 9 %2,488,217 9 %2,422 Brokered1,994,701 7 %2,078,207 8 %(83,506)Total time deposits4,485,340 16 %4,566,424 17 %(81,084)