Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 36

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 36
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5 compared to $9.7 million at December 31, 2024, due mainly to sales of $5.3 million and a decrease in the provision for losses of $0.3 million, offset partially by transfers from loans of $1.4 million.  

Classified and Special Mention Loans and Leases Held for Investment

The following table presents the credit risk ratings of our loans and leases held for investment as of the dates indicated:

March 31,December 31,Loan and Lease Credit Risk Ratings 20252024(In thousands)Pass$22,424,790 $22,120,846 Special mention937,014 1,097,315 Classified764,723 563,502 Total loans and leases held for investment$24,126,527 $23,781,663 

Classified and special mention loans and leases fluctuate from period to period as a result of loan repayments and downgrades or upgrades from our ongoing active portfolio management. 

91

The following table presents the classified and special mention credit risk rating categories for loans and leases held for investment by loan portfolio segment and class and the related net changes as of the dates indicated:

March 31, 2025December 31, 2024Increase (Decrease)Special Special Special ClassifiedMentionClassifiedMentionClassifiedMention(In thousands)Real estate mortgage:Commercial$317,427 $300,298 $301,278 $348,014 $16,149 $(47,716)Multi-family216,093 149,159 113,164 202,690 102,929 (53,531)Other residential44,757 1,260 47,993 14,351 (3,236)(13,091)Total real estate mortgage578,277 450,717 462,435 565,055 115,842 (114,338)Real estate construction and land:Commercial69,324 224,152 — 148,024 69,324 76,128 Residential3,120 39,730 — 203,220 3,120 (163,490)Total real estate construction and land72,444 263,882 — 351,244 72,444 (87,362)Commercial:Asset-based3,640 37,746 5,003 9,547 (1,363)28,199 Venture