Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 85

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 85
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 terms of nonaccrual loans as a percentage of gross loans and net charge-offs as a percentage of average loans. Net charge-offs are calculated as the difference between charged-off loans and recovery payments received on previously charged-off loans. The following table summarizes the Company's key asset quality metrics for loans HFI: 

At or for the Year Ended December 31,202420232022(dollars in millions)Nonaccrual loans$476 $273 $85 Repossessed assets52 8 11 Non-performing assets528 418 98 Nonaccrual loans to funded loans0.89 %0.54 %0.16 %Nonaccrual and repossessed assets to total assets0.65 0.40 0.14 Allowance for loan losses to funded loans0.70 0.67 0.60 Allowance for credit losses to funded loans0.77 0.73 0.69 Allowance for loan losses to nonaccrual loans79 123 364 Allowance for credit losses to nonaccrual loans87 135 419 Net charge-offs to average loans outstanding0.18 0.06 0.00 

36

Asset and Deposit Growth

The Company’s assets and liabilities are comprised primarily of loans and deposits. Therefore, the ability to originate new loans and attract new deposits is fundamental to the Company’s growth. 

Total assets increased to $80.9 billion at December 31, 2024 from $70.9 billion at December 31, 2023. The increase in total assets of $10.1 billion, or 14.2%, was driven primarily by an increase in deposits. This increase in deposits drove loan growth of $3.4 billion and contributed to increases in cash of $2.5 billion, or 159.9%, and investment securities of $2.4 billion, or 18.7%. 

Loans HFI increased by $3.4 billion, or 6.7%, to $53.7 billion as of December 31, 2024, compared to $50.3 billion as of December 31, 2023. By loan type, commercial and industrial loans and CRE, non-owner occupied loans increased $4.0 billion and $218 million, respectively, from December 31, 2023. This increase in loans HFI was partially offset by decreases in residential real estate