Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 38

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 38
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31, 2024, the three largest property types securing real estate mortgage loans were multi-family properties, single-family residential properties, and industrial properties, which comprised 45%, 18%, and 8% of our real estate mortgage loans, respectively. At December 31, 2023, the three largest property types securing real estate mortgage loans were multi-family properties, single-family residential properties, and office properties, which comprised 38%, 29% and 7% of our real estate mortgage loans, respectively. 

Real Estate Mortgage Loans Secured by Multi-family Properties

The largest concentration of our real estate mortgage loans is in multi-family properties. The following table presents the geographic composition of our multi-family by the top five states and all other states combined (in the order presented for the current year-end) as of the dates indicated:

December 31,20242023Real Estate Mortgage Loans Secured % of % of by Multi-family Properties by StateBalanceTotalBalanceTotal(Dollars in thousands)California$4,482,142 74 %$4,538,762 74 %Florida198,710 3 %195,568 3 %Nevada159,207 3 %153,873 3 %Colorado153,802 3 %119,758 2 %Arizona143,270 2 %144,444 2 %Total of 5 largest states5,137,131 85 %5,152,405 84 %All other states929,243 15 %960,739 16 %Total real estate mortgage loans secured by multi-family properties$6,066,374 100 %$6,113,144 100 %

At both December 31, 2024 and 2023, 74% of our real estate mortgage loans secured by multi-family properties were located in California where we principally operated. 

Loan and Lease Maturities and Interest Rate Characteristics

The following table presents contractual maturity information for loans and leases held for investment as of the date indicated:Due AfterDue One YearDue AfterWithinThroughFive toDue AfterDecember 31, 2024One YearFive Years15 Years15 YearsTotal(In thousands)Real estate mortgage$1,219,442 $3,240,909 $2,928,788 $6,038,520 $13,427,659 Real estate construction and land2,428,171 729,337 14