Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 233

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 233
---
.7 — 19.7 Residential EBO972 — 972 — — — Construction and land development4,401 67 4,468 21.3 — 21.3 Other173 1 174 3.3 — 3.3 Total$52,817 $859 $53,676 $304.5 $69.3 $373.8 

30

Loan Purchases and SalesLoan purchases during the three and nine months ended September 30, 2025 totaled $680 million and $1.8 billion, respectively, which primarily consisted of residential and commercial and industrial loan purchases. Loan purchases during the three and nine months ended September 30, 2024 totaled $360 million and $875 million, respectively, which primarily consisted of commercial and industrial and residential loans. There were no loans purchased with more-than-insignificant deterioration in credit quality during the three and nine months ended September 30, 2025 and 2024.In the normal course of business, the Company also repurchases guaranteed or insured loans under the terms of the GNMA MBS program which can be repooled when loans are brought current either through the borrower's reperformance or successful completion of a loss mitigation retention solution. The Company repurchased $153 million and $454 million of such EBO loans during the three and nine months ended September 30, 2025, respectively. The Company repurchased $109 million and $291 million of such EBO loans during the three and nine months ended September 30, 2024, respectively. Prior to repurchase, these loans are classified as loans eligible for repurchase, which is included as a component of Other assets on the Consolidated Balance Sheet.During the three and nine months ended September 30, 2025, the Company sold loans with a carrying value of approximately $135 million and $514 million, respectively. The Company recognized a net gain of $2.0 million on these loan sales during the three months ended September 30, 2025. During the nine months ended September 30, 2025, the Company recognized net charge-offs totaling $1.7 million and a net loss of $0.8 million. During the three and nine months ended September 30, 2024, the Company sold loans with a carrying value of approximately $161 million and $550 million, respectively. The Company recognized net charge-offs totaling $0.4