Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 80

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 80
---
 of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.The following table summarizes the composition of our loans and leases held for investment as of the dates indicated:September 30,December 31,20252024(In thousands)Real estate mortgage$13,696,540 $13,605,595 Real estate construction and land (1)2,165,789 3,187,146 Commercial8,021,650 6,788,923 Consumer367,850 402,254 Total gross loans and leases held for investment24,251,829 23,983,918 Unearned discounts, net (2)(108,454)(175,713)Deferred fees, net(32,733)(26,542)Total loans and leases held for investment24,110,642 23,781,663 Allowance for loan and lease losses(240,501)(239,360)Total loans and leases held for investment, net (3)$23,870,141 $23,542,303 ____________________(1)    Includes land and acquisition and development loans of $217.7 million and $223.9 million at September 30, 2025 and December 31, 2024.(2)    Represents net acquisition discounts of $175.0 million and purchase premiums of $66.6 million at September 30, 2025, and net acquisition discounts of $235.2 million and purchase premiums of $59.5 million at December 31, 2024. (3)    Excludes accrued interest receivable of $99.1 million and $96.8 million at September 30, 2025 and December 31, 2024, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.

25

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

The following tables present an aging analysis of our loans and leases held for investment by loan portfolio segment and class as of the dates indicated:September 30, 202530 - 8990 or MoreDaysDaysTotalPast DuePast DuePast DueCurrentTotal (In thousands)Real estate mortgage:Commercial$3,197 $51,231 $54,428 $4,238,197 $4,292,