Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 131

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 131
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 concentrations of lending activities at the product and borrower relationship level. As of March 31, 2025 and December 31, 2024, no borrower relationships at both the commitment and funded loan level exceeded 5% of total loans HFI.

Commercial and industrial loans made up 44% and 43% of total loans HFI as of March 31, 2025 and December 31, 2024, respectively.

In addition, the Company's loan portfolio includes significant credit exposure to the CRE market as CRE related loans accounted for approximately 30% of total loans at March 31, 2025 and December 31, 2024. Non-owner occupied CRE loans are loans for which the primary source of repayment is rental income generated from the collateral property. Owner occupied CRE loans are loans secured by owner occupied non-farm nonresidential properties for which the primary source of repayment (more than 50%) is the cash flow from the ongoing operations and activities conducted by the borrower who owns the property. These CRE loans are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties. 

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The following tables present the composition by property type and weighted average LTV of the Company’s CRE non-owner occupied loans:

March 31, 2025AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,239 42.2 %7.7 %46.0 %Office2,377 23.7 4.3 69.4 Retail781 7.8 1.4 55.5 Multifamily648 6.4 1.2 39.0 Industrial579 5.8 1.1 36.0 Time share499 5.0 0.9 37.3 Medical147 1.4 0.3 61.9 Senior care98 1.0 0.2 39.6 Other672 6.7 1.2 49.8 Total CRE - non-owner occupied$10,040 100.0 %18.3 %51.2 %

(1)    The weighted average LTVs in the above table are based on the most recent available information, if current appraisals are not available.

December 31, 2024AmountPercent of