Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 192

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 192
---
Construction and land development39 — — 39 0.8 Total$78 $— $30 $108 0.2 %The performance of these modified loans is monitored for 12 months following the modification. As of March 31, 2025, modified loans of $135 million were current with contractual payments and $164 million were on nonaccrual status. As of December 31, 2024, modified loans of $128 million were current with contractual payments and $169 million were on nonaccrual status.In the normal course of business, the Company also modifies EBO loans, which are delinquent FHA, VA, or USDA insured or guaranteed loans repurchased under the terms of the GNMA MBS program and can be repooled or resold when loans are brought current either through the borrower's reperformance or completion of a loan modification. During the three months ended March 31, 2025, and 2024, the Company completed modifications of EBO loans with an amortized cost of $147 million and $90 million, respectively. These modifications consisted of term extensions, payment delays, and interest rate reductions. Certain of these loans were repooled or resold after modification and are no longer included in the pool of loan modifications being monitored for future performance. As of March 31, 2025, modified EBO loans consisted of $37 million in loans that were current to 89 days delinquent and $12 million in loans 90 days or more delinquent. As of December 31, 2024, modified EBO loans consisted of $29 million in loans that were current to 89 days delinquent and $11 million in loans 90 days or more delinquent.Collateral-Dependent LoansThe following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:March 31, 2025December 31, 2024Real Estate CollateralOther CollateralTotalReal Estate CollateralOther CollateralTotal(in millions)Municipal & nonprofit$— $5 $5 $— $5 $5 Tech & innovation— 3 3 — 5 5 Other commercial and industrial— 49 49 — 11 11 CRE - owner occupied18 — 18 16 — 16 Hotel franchise finance— — — 29 — 29 Other CRE - non-owner occupied587