Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 181

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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:March 31, 2025December 31, 2024(in millions)Warehouse lending$8,186 $8,207 Municipal & nonprofit1,621 1,620 Tech & innovation3,427 3,383 Equity fund resources865 884 Other commercial and industrial10,159 9,175 CRE - owner occupied1,637 1,675 Hotel franchise finance3,894 3,815 Other CRE - non-owner occupied6,391 6,342 Residential13,007 12,961 Residential - EBO918 972 Construction and land development4,491 4,468 Other165 174 Total loans HFI54,761 53,676 Allowance for credit losses(389)(374)Total loans HFI, net of allowance$54,372 $53,302 Loans classified as HFI are stated at the amount of unpaid principal, adjusted for net deferred fees and costs, premiums and discounts on acquired and purchased loans, and an ACL. Net deferred fees of $108 million and $106 million reduced the carrying value of loans as of March 31, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $175 million increased the carrying value of loans as of March 31, 2025 and December 31, 2024. Nonaccrual and Past Due Loans Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment:March 31, 2025Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossTotal NonaccrualLoans Past Due 90 Days or More and Still Accruing(in millions)Municipal & nonprofit$— $5 $5 $— Tech & innovation2 36 38 — Equity fund resources— 1 1 — Other commercial and industrial10 29 39 — CRE - owner occupied3 — 3 — Other CRE - non-owner occupied124 129 253 — Residential— 23 23 44 Residential - EBO—