Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 39

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 39
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 other reductions of $87.4 million, charge-offs of $22.5 million, transfers to accrual status of $19.8 million, and transfers to held for sale of $5.7 million, offset partially by additions of $120.3 million. As of September 30, 2025, the Company's three largest loan relationships on nonaccrual status had an aggregate carrying value of $47.0 million and represented 27% of total nonaccrual loans and leases. 

Loans and leases accruing and 30-89 days past due decreased by $5.4 million to $45.4 million as of September 30, 2025 compared to $50.8 million at December 31, 2024, due mainly to a decrease of $9.4 million in multi-family real estate mortgage delinquent loans, offset partially by an increase of $5.5 million in other residential real estate mortgage delinquent loans.   

Foreclosed Assets, Net

The following table presents foreclosed assets (primarily OREO), net of the valuation allowance, by property type as of the dates indicated:

September 30,December 31, Property Type20252024(In thousands)Single-family residential$4,770 $9,714 Total OREO, net4,770 9,714 Other foreclosed assets20 20 Total foreclosed assets, net$4,790 $9,734 

Foreclosed assets decreased by $4.9 million to $4.8 million at September 30, 2025 compared to $9.7 million at December 31, 2024, due mainly to sales of $10.9 million and a provision for losses of $0.8 million, offset partially by transfers from loans of $6.7 million.  

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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:

September 30,December 31,Loan and Lease Credit Risk Ratings 20252024(In thousands)Pass$22,841,081 $22,120,846 Special mention505,979 1,097,315 Classified763,582 563,502 Total loans and leases held for investment$24,110,642 $23,781,663 

Classified and special mention loans and leases fluctuate from period to period as