Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 102

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 102
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3,183 Fixed rate116 516 — — 632 Other CRE - non-owner occupiedVariable rate1,791 2,734 342 25 4,892 Fixed rate375 896 179 — 1,450 ResidentialVariable rate6 27 2 952 987 Fixed rate3 2 40 11,929 11,974 Residential - EBOVariable rate— — — — — Fixed rate— — 1 971 972 Construction and land developmentVariable rate1,578 2,677 45 2 4,302 Fixed rate23 131 12 — 166 OtherVariable rate94 33 14 2 143 Fixed rate10 6 15 — 31 Total$11,092 $23,986 $4,283 $14,315 $53,676 

At December 31, 2024, total loans consisted of 64.4% with variable rates and 35.6% with fixed rates, compared to 58.3% with variable rates and 41.7% with fixed rates at December 31, 2023. As of December 31, 2024, approximately $25.0 billion, or 72.5%, of total variable rate loans were subject to rate floors with a weighted average interest rate of 5.1%. At December 31, 2023, approximately $22.3 billion, or 76.2%, of total variable rate loans were subject to rate floors with a weighted average interest rate of 4.6%. 

49

Concentrations of Lending Activities

The Company monitors concentrations of lending activities at the product and borrower relationship level. As of December 31, 2024 and 2023, no borrower relationships at both the commitment and funded loan level exceeded 5% of total loans HFI.

Commercial and industrial loans made up 43% and 38% of the Company's HFI loan portfolio as of December 31, 2024 and 2023, respectively. 

In addition, the Company's loan portfolio includes significant credit exposure to the CRE market as CRE related loans accounted for approximately 30% and 33% of total loans at December 31, 2024 and 2023 respectively. Non-owner occupied CRE loans are CRE loans for which the primary source of repayment is rental income