Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 104

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 104
---
825,708 202918,697 Thereafter4,240 Total undiscounted cash flows173,719 Less: Unearned income(17,309)Present value of lease payments$156,410 

42

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

Allowance for Loan and Lease LossesThe following tables present a summary of the activity in the ALLL on loans and leases held for investment by loan portfolio segment for the periods indicated:Three Months Ended June 30, 2025Real EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(In thousands)Allowance for Loan and Lease Losses:Balance, beginning of period $130,116 $14,125 $75,988 $14,757 $234,986 Charge-offs(16,080)(21,536)(8,593)(739)(46,948)Recoveries298 — 2,288 140 2,726 Net charge-offs(15,782)(21,536)(6,305)(599)(44,222)Provision20,611 14,474 3,647 (152)38,580 Balance, end of period$134,945 $7,063 $73,330 $14,006 $229,344 Six Months Ended June 30, 2025Real EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(In thousands)Allowance for Loan and Lease Losses:Balance, beginning of period$145,754 $10,940 $67,833 $14,833 $239,360 Charge-offs(21,869)(21,536)(18,175)(1,919)(63,499)Recoveries610 — 4,391 202 5,203 Net charge-offs(21,259)(21,536)(13,784)(1,717)(58,296)Provision 10,450 17,659 19,281 890 48,280 Balance, end of period$134,945 $7,063 $73,330 $14,006 $229,344 Ending Allowance by Evaluation Methodology:Individually evaluated $— $— $267 $— $267 Collectively evaluated $134,945 $7,063 $73