Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 343

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 343
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Total real estate 2,766 885 1,926 Commercial:Lender finance — 324 — Equipment finance— — 163 Premium finance— 1 — Other asset-based113 279 539 Total asset-based113 604 702 Equity fund loans— — — Venture lending1,500 2,073 923 Total venture capital1,500 2,073 923 Secured business loans504 30 178 Warehouse lending— — — Other lending3,594 1,418 5,360 Total other commercial4,098 1,448 5,538 Total commercial5,711 4,125 7,163 Consumer639 250 116 Total recoveries$9,116 $5,260 $9,205 

90

The following table presents the allowance for loan and lease losses on loans and leases held for investment by loan portfolio segment as of the dates indicated:

Allocation of the Allowance for Loan and Lease Losses by Portfolio SegmentReal EstateReal EstateConstructionMortgageand LandCommercialConsumerTotal(Dollars in thousands)December 31, 2024Allowance for loan and lease losses$145,754 $10,940 $67,833 $14,833 $239,360 % of loans to total loans57 %13 %28 %2 %100 %December 31, 2023Allowance for loan and lease losses$186,827 $33,830 $45,156 $15,874 $281,687 % of loans to total loans63 %12 %23 %2 %100 %December 31, 2022Allowance for loan and lease losses$87,309 $52,320 $52,849 $8,254 $200,732 % of loans to total loans55 %14 %29 %2 %100 %

The allowance for loan and lease losses attributable to real estate mortgage loans was $145.8 million and $186.8 million at December 31, 2024 and 2023. As ratios to real estate mortgage loans at those dates, these percentages were 1.09% and 1.16%. The ratio decrease was primarily due to a an improvement in the economic forecast, a shorter remaining life of the portfolio, and changes