Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 344

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 344
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 in the portfolio mix to loans with lower expected credit losses driven primarily by the sale of Civic loans.

The allowance for loan and lease losses attributable to real estate construction and land loans was $10.9 million and $33.8 million at December 31, 2024 and 2023. As ratios to real estate construction and land loans at those dates, these percentages were 0.34% and 1.07%. The ratio decrease was primarily due to an improvement in the economic forecast and a shorter remaining life of the portfolio.

The allowance for loan and lease losses attributable to commercial loans and leases was $67.8 million and $45.2 million at December 31, 2024 and 2023. As ratios to commercial loans and leases at those dates, these percentages were 1.00% and 0.78%. The ratio increase was due to a higher allowance for loan losses as a result of risk rating migration activity resulting in higher classified loans and net charge-off activity that increased the loss given default rate for certain loan portfolio classes in this loan segment. 

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Deposits

    The following table presents a summary of our average deposit amounts and average rates paid during the years indicated:

Year Ended December 31,202420232022WeightedWeightedWeightedAverageAverageAverageAverageAverageAverageDeposit CompositionBalanceRateBalanceRateBalanceRate(Dollars in thousands)Interest checking $7,714,920 3.12 %$6,992,888 3.16 %$6,851,831 0.97 %Money market 5,164,566 2.68 %6,724,296 2.83 %10,601,028 0.90 %Savings 2,005,513 3.31 %1,051,117 2.95 %639,720 0.03 %Time 5,714,821 4.73 %6,840,920 4.48 %2,540,426 1.51 %Total interest-bearing deposits20,599,820 3.48 %21,609,221 3.46 %20,633,005 0.97 %Noninterest-bearing checking7,829,976 — 7,072,334 — 13,601,766 — Total deposits$28,429,796 2.52 %$28,681,555