Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 353

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 353
---
 2023Increase (Decrease)Special Special Special ClassifiedMentionClassifiedMentionClassifiedMention(In thousands)Real estate mortgage:Commercial$301,278 $348,014 $75,739 $219,687 $225,539 $128,327 Multi-family113,164 202,690 74,954 108,356 38,210 94,334 Other residential47,993 14,351 38,155 54,197 9,838 (39,846)Total real estate mortgage462,435 565,055 188,848 382,240 273,587 182,815 Real estate construction and land:Commercial— 148,024 — — — 148,024 Residential— 203,220 — 2,757 — 200,463 Total real estate construction and land— 351,244 — 2,757 — 348,487 Commercial:Asset-based5,003 9,547 4,561 12,506 442 (2,959)Venture capital75,406 125,320 7,805 98,633 67,601 26,687 Other commercial19,949 38,741 26,044 9,984 (6,095)28,757 Total commercial100,358 173,608 38,410 121,123 61,948 52,485 Consumer709 7,408 1,159 7,192 (450)216 Total$563,502 $1,097,315 $228,417 $513,312 $335,085 $584,003 

During 2024, classified loans and leases increased by $335.1 million to $563.5 million at December 31, 2024 due mainly to increases of $225.5 million in commercial real estate mortgage classified loans, $67.6 million in venture capital commercial classified loans, $38.2 million in multi-family real estate mortgage classified loans, and $9.8 million in other residential real estate mortgage classified loans, offset partially by a decrease of $6.1 million in other commercial classified loans. 

During 2024, special mention loans and leases increased by $584.0 million to $1.1 billion at December 31, 2024 due primarily to increases of