Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 157

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 157
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 9 %Equity fund loans955,981 4 %746,655 3 %Venture lending777,093 3 %791,121 3 %Total venture capital1,733,074 7 %1,537,776 6 %Secured business loans816,196 3 %756,612 3 %Warehouse lending1,601,143 7 %1,473,074 6 %Other lending923,061 4 %923,398 4 %Total other commercial3,340,400 14 %3,153,084 13 %Total commercial7,378,799 30 %6,778,829 28 %Consumer394,032 2 %402,882 2 %Total loans and leases held for investment$24,126,527 100 %$23,781,663 100 %Total unfunded loan commitments$4,858,960 $4,887,690 

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(1)    Includes land and acquisition and development loans of $221.4 million at March 31, 2025 and $223.9 million at December 31, 2024.

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Total loans and leases held for investment increased by $344.9 million in the first quarter and totaled $24.1 billion at March 31, 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 asset-based, venture capital, other commercial, and multi-family loan portfolios, offset partially by a decrease in the real estate construction and land loan segment, and the commercial real estate mortgage and other residential real estate mortgage loan portfolios. Loan originations including production, purchased loans, and unfunded new commitments were $2.6 billion in the first quarter, most of which onboarded towards the end of the quarter, with a weighted average interest rate on production of 7.20%. 

The following table presents the geographic composition of our real estate loans held for investment by the top 10 states and all other states combined (in the order presented for the current quarter-end) as of the dates indicated:

March 31, 2025December 31, 2024% of % of Real Estate Loans by StateBalanceTotalBalanceTotal(Dollars in thousands)California$11,556,371 71