Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 53

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 53
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ities ranging from October 2030 to July 2037.

95

Credit Quality

     Nonperforming Assets, Classified Loans and Leases, and Special Mention Loans and Leases 

The following table presents information on our nonperforming assets, classified loans and leases, and special mention loans and leases as of the dates indicated:

December 31, 202420232022(Dollars in thousands)Nonaccrual loans and leases held for investment $189,605 $62,527 $103,778 Accruing loans contractually past due 90 days or more— 11,750 — Total nonperforming loans and leases189,605 74,277 103,778 Foreclosed assets, net9,734 7,394 5,022 Total nonperforming assets$199,339 $81,671 $108,800 Classified loans and leases held for investment $563,502 $228,417 $118,271 Special mention loans and leases held for investment$1,097,315 $513,312 $566,259 Nonaccrual loans and leases held for investment toloans and leases held for investment 0.80 %0.29 %0.36 %Nonperforming assets to loans and leases held for investment and foreclosed assets, net 0.84 %0.32 %0.38 %Allowance for credit losses to nonaccrual loans and leases held for investment141.57 %497.80 %281.18 %Classified loans and leases held for investment toloans and leases held for investment 2.37 %0.90 %0.41 %Special mention loans and leases held for investment toloans and leases held for investment4.61 %2.01 %1.98 %

Nonaccrual Loans and Leases Held for Investment

During 2024, nonperforming loans and leases held for investment increased by $115.3 million to $189.6 million at December 31, 2024 due mainly to $245.5 million in additions, offset partially by charge-offs of $36.7 million, transfers to loans held for sale of $19.6 million, transfers to accrual status of $15.3 million, and principal payments and other reductions of $58.5 million. As of December 31, 2024, the