Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 84

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 to 89 days delinquent and $169 million were on nonaccrual status.In the normal course of business, the Company also modifies EBO loans, which are delinquent FHA, VA, or USDA insured or guaranteed loans repurchased under the terms of the GNMA MBS program and can be repooled or resold when loans are brought current either through the borrower's reperformance or through successful completion of a loss mitigation retention solution. During the three and nine months ended September 30, 2025, the Company completed modifications of EBO loans with an amortized cost of $173 million and $442 million, respectively. During the three and nine months ended September 30, 2024, the Company completed modifications of EBO loans with an amortized cost of $106 million and $285 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 September 30, 2025, modified EBO loans consisted of $94 million in loans that were current to 89 days delinquent and $33 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.

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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