Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 156

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 156
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 made up 45% and 43% of total loans HFI as of June 30, 2025 and December 31, 2024, respectively.

In addition, the Company's loan portfolio includes significant credit exposure to the CRE market as CRE related loans accounted for approximately 30% of total loans at June 30, 2025 and December 31, 2024. Non-owner occupied CRE loans are loans where the primary source of repayment is rental income generated from the collateral property. Owner occupied CRE loans are loans secured by owner occupied non-farm nonresidential properties where the primary source of repayment is the cash flow from the ongoing operations and activities conducted by the borrower who owns the property. These CRE loans are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties. 

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The following tables present the composition by property type and weighted average LTV of the Company’s CRE non-owner occupied loans:

June 30, 2025AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,290 41.8 %7.7 %51.2 %Office2,117 20.6 3.8 58.7 Retail831 8.1 1.5 51.5 Industrial692 6.8 1.2 44.9 Multifamily683 6.7 1.2 39.1 Time share466 4.6 0.8 37.6 Data Center152 1.5 0.3 18.1 Medical145 1.4 0.2 63.2 Senior care96 0.9 0.2 41.1 Storage94 0.9 0.2 44.6 Other689 6.7 1.2 48.6 Total CRE - non-owner occupied$10,255 100.0 %18.3 %50.3 %

(1)    The weighted average LTVs in the above table are based on the most recent available information, if current appraisals are not available.

December 31, 2024AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,167 42