Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 39

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 39
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 $80.3 million. As of June 30, 2025, the Company's three largest loan relationships on nonaccrual status had an aggregate carrying value of $65.7 million and represented 39% of total nonaccrual loans and leases. 

Loans and leases accruing and 30-89 days past due decreased by $9.9 million to $40.9 million as of June 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.   

Foreclosed Assets, Net

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

June 30,December 31, Property Type20252024(In thousands)Single-family residential$7,786 $9,714 Total OREO, net7,786 9,714 Other foreclosed assets20 20 Total foreclosed assets, net$7,806 $9,734 

Foreclosed assets decreased by $1.9 million to $7.8 million at June 30, 2025 compared to $9.7 million at December 31, 2024, due mainly to sales of $7.0 million and a provision for losses of $0.6 million, offset partially by transfers from loans of $5.7 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:

June 30,December 31,Loan and Lease Credit Risk Ratings 20252024(In thousands)Pass$22,927,769 $22,120,846 Special mention661,568 1,097,315 Classified656,556 563,502 Total loans and leases held for investment$24,245,893 $23,781,663 

Classified and special mention loans and leases fluctuate from period to period as a result of loan repayments and downgrades or upgrades from our ongoing active portfolio management. 

The following table presents the classified and special mention credit risk rating categories for loans and leases held for investment by loan portfolio segment and class and the related net changes as of the dates indicated:

June 30, 2025December 31, 2024