Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 444

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 444
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coveries885 — 4,125 250 5,260 Net charge-offs(46,485)— (9,536)(2,147)(58,168)Provision 124,035 (18,818)(1,350)9,633 113,500 Balance, end of year$186,827 $33,830 $45,156 $15,874 $281,687 Ending Allowance byEvaluation Methodology:Individually evaluated $— $— $— $— $— Collectively evaluated $186,827 $33,830 $45,156 $15,874 $281,687 Ending Loans and Leases byEvaluation Methodology:Individually evaluated $47,007 $— $12,373 $— $59,380 Collectively evaluated 16,064,978 3,159,269 5,752,934 453,126 25,430,307 Ending balance$16,111,985 $3,159,269 $5,765,307 $453,126 $25,489,687 The allowance for loan and lease losses decreased by $42.3 million in 2024 due primarily to $85.8 million of net charge-offs, offset partially by a provision for loan and lease losses of $43.5 million. For additional information regarding the calculation of the allowance for loan and lease losses using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see Note 1(j). Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment. A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans held for investment by collateral type as of the dates indicated:December 31,20242023RealBusiness RealBusinessPropertyAssetsTotalPropertyAssetsTotal(In thousands)Real estate mortgage$167,060 $— $167,060 $47,952 $— $47,952 Commercial— 10,870 10,870 — 3,616 3,616      Total$167,060 $10,870 $177,930 $47,952 $3