Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 208

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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 the borrower's reperformance or through completion of a loan modification.The following is a summary of the net gain on loan purchase, origination, and sale activities on residential mortgage loans to be sold or securitized:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Mortgage servicing rights capitalized upon sale of loans$284.4 $214.7 $544.8 $403.4 Net proceeds from sale of loans (1)(262.8)(190.6)(477.7)(351.3)Provision for and change in estimate of liability for losses under representations and warranties, net0.6 1.0 1.1 4.2 Change in fair value of loans HFS and trading securities5.9 1.4 33.1 (5.3)Change in fair value of derivatives:Unrealized (loss) gain on derivatives(13.2)1.8 (73.2)17.1 Realized gain (loss) on derivatives8.7 4.7 31.7 (3.4)Total change in fair value of derivatives(4.5)6.5 (41.5)13.7 Net gain on residential mortgage loans HFS$23.6 $33.0 $59.8 $64.7 Loan acquisition and origination fees15.8 13.8 29.1 27.4 Net gain on loan origination and sale activities$39.4 $46.8 $88.9 $92.1 (1)     Represents the difference between cash proceeds received upon settlement and loan basis.

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4. LOANS, LEASES AND ALLOWANCE FOR CREDIT LOSSES The composition of the Company's HFI loan portfolio is as follows:June 30, 2025December 31, 2024(in millions)Warehouse lending$8,574 $8,207 Municipal & nonprofit1,634 1,620 Tech & innovation3,609 3,383 Equity fund resources857 884 Other commercial and industrial10,474 9,175 CRE - owner occupied1,598 1,675 Hotel franchise finance3,929 3,815 Other CRE - non-owner occupied6,552 6,342 Residential13,166