Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 194

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 194
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8 Total$373.8 $40.6 $27.5 $(1.7)$388.6 Three Months Ended March 31, 2024Balance, December 31, 2023Provision for (Recovery of) Credit LossesCharge-offsRecoveriesBalance, March 31, 2024(in millions)Warehouse lending$5.8 $1.5 $— $— $7.3 Municipal & nonprofit14.7 (0.8)— — 13.9 Tech & innovation42.1 5.9 — — 48.0 Equity fund resources1.3 (0.1)— — 1.2 Other commercial and industrial81.4 (12.4)2.3 (0.4)67.1 CRE - owner occupied6.0 0.2 — — 6.2 Hotel franchise finance33.4 5.3 2.9 — 35.8 Other CRE - non-owner occupied96.0 13.7 5.0 — 104.7 Residential23.1 (1.0)— — 22.1 Residential - EBO— — — — — Construction and land development30.4 1.5 — — 31.9 Other2.5 (0.4)— — 2.1 Total$336.7 $13.4 $10.2 $(0.4)$340.3 Accrued interest receivable of $266 million and $272 million at March 31, 2025 and December 31, 2024, respectively, was excluded from the estimate of credit losses. Whereas, accrued interest receivable related to the Company's Residential-EBO loan portfolio segment was included in the estimate of credit losses and had an allowance of $1.3 million and $1.5 million as of March 31, 2025 and December 31, 2024, respectively. Accrued interest receivable, net of any allowance, is included in Other assets on the Consolidated Balance Sheet. 

28

In addition to the ACL on funded loans HFI, the Company maintains a separate ACL related to off-balance sheet credit exposures, including unfunded loan commitments. This allowance is included in Other liabilities