Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 28

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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 owner occupied, respectively, with substantially all of these loans secured by first liens and had an initial loan-to-value ratio of generally not more than 75%. 

Non-performing Assets

Total non-performing loans increased $9 million to $613 million at June 30, 2025, from $604 million at December 31, 2024.

June 30, 2025December 31, 2024(dollars in millions)Total nonaccrual loans (1)$427 $476 Loans past due 90 days or more on accrual status (2)51 — Accruing restructured loans135 128 Total nonperforming loans$613 $604 Other assets acquired through foreclosure, net$218 $52 Nonaccrual HFI loans to funded HFI loans0.76 %0.89 %Loans past due 90 days or more on accrual status to funded loans HFI (2)0.09 — 

(1)Includes loan modifications to borrowers experiencing financial difficulty of $103 million and $169 million at June 30, 2025 and December 31, 2024, respectively.

(2)Excludes government guaranteed residential mortgage loans of $326 million at June 30, 2025 and December 31, 2024.

Interest income that would have been recorded under the original terms of nonaccrual loans was $8.0 million and $6.9 million for the three months ended June 30, 2025 and 2024, respectively, and $16.0 million and $11.8 million for the six months ended June 30, 2025 and 2024, respectively.

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

June 30, 2025Nonaccrual   BalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.2 %0.01 %Tech & innovation34 8.0 0.06 Equity fund resources1 0.1 0.00 Other commercial and industrial42 9.8 0.08 CRE - owner occupied3 0.7 0.01 Other CRE - non-owner occupied181 42.4 0.32 Residential17 4.0 0.