Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 43

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 43
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 25,623 — Provision for credit losses:Addition to allowance for loan and lease losses43,500 113,500 5,000 (Reduction in) addition to reserve for unfunded loan commitments(500)(61,500)18,000 Total provision for credit losses43,000 52,000 23,000 Loans and leases charged off:Real estate mortgage(63,117)(47,370)(5,056)Real estate construction and land— — — Commercial (26,322)(13,661)(6,817)Consumer(5,504)(2,397)(2,164)Total loans and leases charged off(94,943)(63,428)(14,037)Recoveries on loans charged off:Real estate mortgage2,766 885 1,748 Real estate construction and land— — 178 Commercial 5,711 4,125 7,163 Consumer639 250 116 Total recoveries on loans charged off9,116 5,260 9,205 Net charge-offs(85,827)(58,168)(4,832)Balance, end of year$268,431 $311,258 $291,803 Net charge-offs to average loans and leases0.35 %0.23 %0.02 %

87

The following table presents net charge-offs, average loan balance, and ratio of net charge-offs to average loans by loan portfolio segment for the years indicated:

Year Ended December 31,Ratio of Net Charge-offs to Average Loans202420232022(Dollars in thousands)Real Estate Mortgage:Net charge-offs $60,351 $46,485 $3,308 Average loan balance$14,483,010 $14,723,618 $13,811,880 Ratio of net charge-offs to average loans0.42 %0.32 %0.02 %Real Estate Construction and Land:Net recoveries$— $— $(178)Average loan balance$3,278,784 $3,677,785 $3,527,334 Ratio of net recoveries to average loans— %— %(0.01)%Commercial:Net charge-offs (recoveries) $20,611 $9,536 $(346)Average loan balance$6,111,197 $5,717,669 $8