Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 302

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 302
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)Mortgage finance$6,574 $6,151 $423 Municipal & nonprofit1,559 1,620 (61)Tech & innovation3,818 3,383 435 Equity fund resources993 884 109 Other commercial and industrial12,935 11,231 1,704 CRE - owner occupied1,531 1,675 (144)Hotel franchise finance4,006 3,815 191 Other CRE - non-owner occupied6,923 6,342 581 Residential13,158 12,961 197 Residential - EBO956 972 (16)Construction and land development4,047 4,468 (421)Other146 174 (28)Total loans HFI56,646 53,676 2,970 Allowance for credit losses(440)(374)(66)Total loans HFI, net of allowance$56,206 $53,302 $2,904 

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 loan fees of $127 million and $106 million reduced the carrying value of loans as of September 30, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $178 million and $175 million increased the carrying value of loans as of September 30, 2025 and December 31, 2024, respectively. 

Concentrations of Lending Activities

The Company monitors concentrations of lending activities at the product and borrower relationship level. As of September 30, 2025 and December 31, 2024, no borrower relationships at both the commitment and funded loan level exceeded 5% of total loans HFI.

Commercial and industrial loans made up 45% and 43% of total loans HFI as of September 30, 2025 and December 31, 2024, respectively. A subset of commercial and industrial loans consist of loans to NDFIs, which, as defined by regulatory guidance, are entities that provide services similar to traditional banks but do not accept deposits from the general public and are not regulated by Federal banking agencies. 

The following table presents the balance of loans to NDFIs:

September 30, 2025AmountPercent of