Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 136

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 136
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-off loans and recovery payments received on previously charged-off loans. The following table summarizes the Company's key asset quality metrics for loans HFI: 

June 30, 2025December 31, 2024(dollars in millions)Nonaccrual loans$427 $476 Repossessed assets218 52 Non-performing assets831 656 Nonaccrual loans to funded loans0.76 %0.89 %Nonaccrual and repossessed assets to total assets0.74 0.65 Allowance for loan losses to funded loans0.71 0.70 Allowance for credit losses to funded loans0.78 0.77 Allowance for loan losses to nonaccrual loans92 79 Allowance for credit losses to nonaccrual loans102 87 Net charge-offs to average loans outstanding (1)0.22 0.18 

(1)Annualized on an actual/actual basis for the three months ended June 30, 2025. Actual year-to-date for the year ended December 31, 2024.

62

Asset and Deposit Growth

The Company’s assets and liabilities are comprised primarily of loans and deposits. Therefore, the ability to originate new loans and attract new deposits is fundamental to the Company’s growth. 

Total assets increased to $86.7 billion at June 30, 2025 from $80.9 billion at December 31, 2024. The increase in total assets of $5.8 billion, or 7.2%, was supported by an increase in deposits, which contributed to an increase in investment securities of $3.5 billion and funded HFI and HFS loan growth of $2.3 billion and $736 million, respectively, which was partially offset by a decrease in cash of $1.3 billion.

Loans HFI increased $2.3 billion, or 4.2%, to $55.9 billion as of June 30, 2025, compared to $53.7 billion as of December 31, 2024. By loan type, commercial and industrial, commercial real estate, and residential loans increased $1.8 billion, $311 million, and $139 million, respectively, from December 31, 2024. In addition, loans HFS increased $736 million from $2.3 billion as of December 31, 2024 primarily due to an increase in non