Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 134

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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Interest income that would have been recorded under the original terms of nonaccrual loans was $8.0 million and $4.9 million for the three months ended March 31, 2025 and 2024, respectively.

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The composition of nonaccrual loans HFI by loan portfolio segment were as follows: 

March 31, 2025NonaccrualBalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.1 %0.01 %Tech & innovation38 8.4 0.07 Equity fund resources1 0.2 0.00 Other commercial and industrial39 8.7 0.07 CRE - owner occupied3 0.7 0.01 Other CRE - non-owner occupied253 56.1 0.46 Residential23 5.1 0.04 Construction and land development87 19.3 0.16 Other2 0.4 0.00 Total non-accrual loans$451 100.0 %0.82 %

December 31, 2024NonaccrualBalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.0 %0.01 %Tech & innovation60 12.6 0.11 Equity fund resources1 0.2 0.00 Other commercial and industrial17 3.6 0.03 CRE - owner occupied5 1.0 0.01 Other CRE - non-owner occupied243 51.1 0.45 Residential88 18.5 0.17 Construction and land development56 11.8 0.11 Other1 0.2 0.00 Total non-accrual loans$476 100.0 %0.89 %

Restructurings for Borrowers Experiencing Financial Difficulty

The following tables present the amortized cost basis of loans HFI that were modified during the period by loan portfolio segment:

Amortized Cost Basis at March 31, 2025Term ExtensionInterest Rate ReductionPayment DelayTotal% of Total Class of Financing ReceivableThree Months Ended (in millions)Tech & innovation$5 $1 $18 $24