Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 69

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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,676 Current period gross charge-offs$— $— $0.1 $8.4 $— $1.6 $0.1 $10.2 

26

Restructurings for Borrowers Experiencing Financial DifficultyThe following tables present the amortized cost basis of loans HFI that were modified during the period by loan portfolio segment:Amortized Cost Basis at March 31, 2025Term ExtensionInterest Rate ReductionPayment DelayTotal% of Total Class of Financing ReceivableThree Months Ended (dollars in millions)Tech & innovation$5 $1 $18 $24 0.7 %Other commercial and industrial— — 85 85 0.8 Other CRE - non-owner occupied46 — 107 153 2.4 Construction and land development— — 37 37 0.8 Total$51 $1 $247 $299 0.5 %Amortized Cost Basis at March 31, 2024Term ExtensionInterest Rate ReductionPayment DelayTotal% of Total Class of Financing ReceivableThree Months Ended (dollars in millions)Tech & innovation$— $— $30 $30 1.0 %Other commercial and industrial8 — — 8 0.1 CRE - owner occupied31 — — 31 1.8 Construction and land development39 — — 39 0.8 Total$78 $— $30 $108 0.2 %The performance of these modified loans is monitored for 12 months following the modification. As of March 31, 2025, modified loans of $135 million were current with contractual payments and $164 million were on nonaccrual status. As of December 31, 2024, modified loans of $128 million were current with contractual payments 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 completion of a loan modification. During the three months ended March 31, 2025, and 2024, the Company completed modifications of EBO loans with an amortized cost