Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 109

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 109
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 with federal banking regulations using a nine category grading system. These loan grades are described in further detail in "Item 1. Business” of this Form 10-K. The following table presents information regarding potential and actual problem loans, consisting of loans graded as Special Mention, Substandard, Doubtful, and Loss, but which are still performing: 

December 31, 2024Number of LoansProblem Loan BalancePercent of Problem Loan BalancePercent of Total Loans HFI(dollars in millions)Municipal & nonprofit2 $18 3.7 %0.03 %Other commercial and industrial89 121 24.8 0.23 CRE - owner occupied9 7 1.4 0.01 Hotel franchise finance8 112 22.9 0.21 Other CRE - non-owner occupied9 136 27.8 0.25 Residential169 92 18.8 0.17 Other33 3 0.6 0.01 Total319 $489 100.0 %0.91 %

December 31, 2023Number of LoansProblem Loan BalancePercent of Problem Loan BalancePercent of Total Loans HFI(dollars in millions)Warehouse lending1 $26 3.6 %0.05 %Municipal & nonprofit2 18 2.5 0.04 Tech & innovation14 49 6.8 0.10 Other commercial and industrial50 95 13.2 0.19 CRE - owner occupied9 3 0.4 0.01 Hotel franchise finance9 203 28.3 0.40 Other CRE - non-owner occupied15 251 35.0 0.50 Residential143 72 10.0 0.14 Construction and land development1 1 0.1 0.00 Other20 1 0.1 0.00 Total264 $719 100.0 %1.43 %

Mortgage Servicing Rights

The fair value of the Company's MSRs related to residential mortgage loans totaled $1.1 billion as of December 31, 2024 and 2023.

The following is a summary of the UPB of loans underlying the Company's MSR portfolio by type:

December 31,20242023(in millions)FNMA and FHLMC$42,