Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 31

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 31
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California$11,546,750 72 %$11,722,323 71 %Colorado1,169,165 7 %1,224,295 7 %Texas564,217 4 %542,312 3 %Florida444,817 3 %437,987 3 %Arizona383,595 2 %540,726 3 %Washington381,691 2 %393,584 2 %Nevada308,770 2 %388,627 2 %Oregon291,581 2 %307,088 2 %Utah145,913 1 %147,205 1 %Illinois60,648 — %106,463 1 %Total of 10 largest states15,297,147 95 %15,810,610 95 %All other states812,752 5 %789,342 5 %Total real estate loans held for investment$16,109,899 100 %$16,599,952 100 %

At June 30, 2025 and December 31, 2024, 72% and 71% 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.

Loans and Leases Held for Sale     

Total loans and leases held for sale increased by $439.2 million and totaled $465.6 million at June 30, 2025 compared to $26.3 million at December 31, 2024. The increase in loans held for sale was primarily driven by the transfer as discussed above related to the strategic loan sales process commenced in the second quarter of 2025.

94

Allowance for Credit Losses on Loans and Leases Held for Investment

The ACL on loans and leases held for investment is the combination of the ALLL and the reserve for unfunded loan commitments. The ALLL is reported as a reduction of the amortized cost basis of loans and leases, while the reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the condensed consolidated balance sheets. The amortized cost basis of loans and leases does not include accrued interest receivable, which is included in "Other assets" on the condensed consolidated balance sheets. The "Provision for credit losses" on the condensed consolidated statement of earnings is a combination of