Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 20

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 20
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unded loan commitments(350)500 150 (2,000)Total loan-related provision 38,230 10,200 $48,430 $21,000 Addition to (reduction in) allowance for held-to-maturity securities95 (900)(805)— Addition to allowance for available-for-sale securities775 — 775 — Total securities-related provision870 (900)(30)— Total provision for credit losses$39,100 $9,300 $48,400 $21,000 Credit Quality Metrics:Net charge-offs on loans and leases held for investment (1)$44,222 $14,074 $58,296 $56,925 Annualized net charge-offs to average loans and leases0.72 %0.24 %0.49 %0.45 %At quarter-end:Allowance for credit losses$258,565 $264,557 Allowance for credit losses to loans and leases held for investment1.07 %1.10 %Allowance for credit losses to nonaccrual loans and leases held for investment154.4 %123.9 %Nonaccrual loans and leases held for investment $167,516 $213,480 Nonaccrual loans and leases held for investment to loans and leases held for investment0.69 %0.88 %Classified loans and leases held for investment $656,556 $764,723 Special mention loans and leases held for investment$661,568 $937,014 

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(1)    See "- Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases Held for Investment" for detail of charge-offs and recoveries by loan portfolio segment, class, and subclass for the periods presented.

Provision for credit losses are charged to earnings for the ALLL, the reserve for unfunded loan commitments, and the ACL on HTM and AFS securities. The provision for credit losses on our loans and leases held for investment is based on our allowance methodology and is an expense that, in our judgment, is required to maintain an adequate ACL. For further details on our loan-related ACL methodology, see “- Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases Held for Investment” contained herein.

85

Second Quarter of 2025 Compared to First Quarter of 2025 

The provision for credit losses was $