Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 70

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 of $147 million and $90 million, respectively. These modifications consisted of term extensions, payment delays, and interest rate reductions. Certain of these loans were repooled or resold after modification and are no longer included in the pool of loan modifications being monitored for future performance. As of March 31, 2025, modified EBO loans consisted of $37 million in loans that were current to 89 days delinquent and $12 million in loans 90 days or more delinquent. As of December 31, 2024, modified EBO loans consisted of $29 million in loans that were current to 89 days delinquent and $11 million in loans 90 days or more delinquent.Collateral-Dependent LoansThe following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment:March 31, 2025December 31, 2024Real Estate CollateralOther CollateralTotalReal Estate CollateralOther CollateralTotal(in millions)Municipal & nonprofit$— $5 $5 $— $5 $5 Tech & innovation— 3 3 — 5 5 Other commercial and industrial— 49 49 — 11 11 CRE - owner occupied18 — 18 16 — 16 Hotel franchise finance— — — 29 — 29 Other CRE - non-owner occupied587 — 587 474 — 474 Construction and land development123 — 123 67 — 67 Total$728 $57 $785 $586 $21 $607 

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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 March 31, 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 March 31, 2025. The below tables reflect the activity in the ACL on loans HFI by loan portfolio segment, which includes an estimate of future