Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 228

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 228
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 90 days or more delinquent.

27

Collateral-Dependent LoansThe following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:September 30, 2025December 31, 2024Real Estate CollateralOther CollateralTotalReal Estate CollateralOther CollateralTotal(in millions)Municipal & nonprofit$— $— $— $— $5 $5 Tech & innovation— 5 5 — 5 5 Other commercial and industrial— 109 109 — 11 11 CRE - owner occupied3 — 3 16 — 16 Hotel franchise finance— — — 29 — 29 Other CRE - non-owner occupied187 — 187 474 — 474 Construction and land development137 — 137 67 — 67 Total$327 $114 $441 $586 $21 $607 The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended September 30, 2025. Allowance for Credit LossesThe ACL consists of the ACL on funded loans HFI and an ACL on unfunded loan commitments. The ACL on HTM securities is estimated separately from loans, see "Note 2. Investment Securities" of these Notes to Unaudited Consolidated Financial Statements for further discussion. Management considers the level of ACL to be a reasonable and supportable estimate of expected credit losses inherent within the Company's HFI loan portfolio as of September 30, 2025. The below tables reflect the activity in the ACL on loans HFI by loan portfolio segment, which includes an estimate of future recoveries:Three Months Ended September 30, 2025Balance, June 30, 2025Provision for (Recovery of) Credit LossesCharge-offsRecoveriesBalance, September 30, 2025(in millions)Mortgage finance$4.4 $0.6 $— $— $5.0 Municipal & nonprofit11.3 0.8 — — 12.1 Tech & innovation45.7 10.7 3.7 (0.4)53.1 Equity fund resources2.2 0.4 — — 2.6