Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 37

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 37
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%533,931 3 %Nevada388,627 2 %411,020 2 %Oregon307,088 2 %348,166 2 %Utah147,205 1 %168,080 1 %Illinois106,463 1 %92,758 — %Total of 10 largest states15,810,610 95 %17,419,229 90 %All other states789,342 5 %1,852,025 10 %Total real estate loans held for investment$16,599,952 100 %$19,271,254 100 %

At December 31, 2024 and 2023, 71% and 64% of our real estate loans were collateralized by property located in California because our full-service branches and our community banking activities are primarily located in California. 

The following table presents the composition of our real estate mortgage loans held for investment by collateral types as of the dates indicated:December 31,20242023% of % of Real Estate Mortgage Loans by Collateral TypeBalanceTotalBalanceTotal(Dollars in thousands)Commercial:Industrial$1,008,877 8 %$1,129,112 7 %Office992,392 7 %1,203,494 7 %Retail812,552 6 %868,097 5 %Hotel424,345 3 %539,447 3 %Healthcare338,836 3 %345,560 2 %Mixed use289,054 2 %245,428 2 %All other834,303 6 %660,329 5 %Total commercial$4,700,359 35 %$4,991,467 31 %Residential:Multi-family$6,066,374 45 %$6,113,144 38 %Single-family residential2,481,904 18 %4,689,631 29 %All other179,022 2 %317,743 2 %Total residential$8,727,300 65 %$11,120,518 69 %Total real estate mortgage loans$13,427,659 100 %$16,111,985 100 %

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The real estate mortgage loan portfolio is diversified among various property types. At December