Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 59

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 and purchased loans, and an ACL. Net deferred fees of $108 million and $106 million reduced the carrying value of loans as of March 31, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $175 million increased the carrying value of loans as of March 31, 2025 and December 31, 2024. Nonaccrual and Past Due Loans Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment:March 31, 2025Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossTotal NonaccrualLoans Past Due 90 Days or More and Still Accruing(in millions)Municipal & nonprofit$— $5 $5 $— Tech & innovation2 36 38 — Equity fund resources— 1 1 — Other commercial and industrial10 29 39 — CRE - owner occupied3 — 3 — Other CRE - non-owner occupied124 129 253 — Residential— 23 23 44 Residential - EBO— — — 275 Construction and land development86 1 87 — Other2 — 2 — Total$227 $224 $451 $319 Loans contractually delinquent by 90 days or more and still accruing totaled $319 million at March 31, 2025 and consisted of government guaranteed EBO and certain other residential loans.Additionally, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process totaled $98 million and $99 million at March 31, 2025 and December 31, 2024, respectively.

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December 31, 2024Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossTotal NonaccrualLoans Past Due 90 Days or More and Still Accruing(in millions)Municipal & nonprofit$— $5 $5 $— Tech & innovation3 57 60 — Equity