Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 169

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 169
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ity fund loans1,194,219 5 %746,655 3 %Venture lending808,382 3 %791,121 3 %Total venture capital2,002,601 8 %1,537,776 6 %Secured business loans756,964 3 %756,612 3 %Warehouse lending1,610,354 7 %1,473,074 6 %Other lending920,987 4 %923,398 4 %Total other commercial3,288,305 14 %3,153,084 13 %Total commercial7,753,257 32 %6,778,829 28 %Consumer382,737 2 %402,882 2 %Total loans and leases held for investment$24,245,893 100 %$23,781,663 100 %Total unfunded loan commitments$4,673,596 $4,887,690 

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(1)    Includes land and acquisition and development loans of $200.6 million at June 30, 2025 and $223.9 million at December 31, 2024.

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Total loans and leases held for investment increased by $464.2 million and totaled $24.2 billion at June 30, 2025 compared to $23.8 billion at December 31, 2024. The increase in loans and leases held for investment was due primarily to increased balances in the venture capital, asset-based, other residential real estate mortgage mainly from purchased single-family residential loans, multi-family, and other commercial loan portfolios, offset partially by a decrease in the real estate construction and land loan segment and the commercial real estate mortgage loan portfolios. 

In the second quarter of 2025, we commenced a strategic loan sale process and transferred $506.7 million of loans to held for sale. As of June 30, 2025, $30.5 million of these loans had been sold, and the remaining $476.2 million were transferred to held for sale at a lower of cost or market value of $441.2 million, which included commercial real estate construction loans of $258.4 million, commercial real estate mortgage loans of $163.2 million, and multi-family loans of $19.6 million. While many of the loans being sold have sufficient collateral values, they have attributes that drive credit migration,