Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 82

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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BO loans with an amortized cost of $142 million and $287 million, respectively. During the three and six months ended June 30, 2024, the Company completed modifications of EBO loans with an amortized cost of $103 million and $190 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 June 30, 2025, modified EBO loans consisted of $35 million in loans that were current to 89 days delinquent and $19 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:June 30, 2025December 31, 2024Real Estate CollateralOther CollateralTotalReal Estate CollateralOther CollateralTotal(in millions)Municipal & nonprofit$— $— $— $— $5 $5 Tech & innovation— 4 4 — 5 5 Other commercial and industrial— 10 10 — 11 11 CRE - owner occupied3 — 3 16 — 16 Hotel franchise finance— — — 29 — 29 Other CRE - non-owner occupied181 — 181 474 — 474 Construction and land development142 — 142 67 — 67 Total$326 $14 $340 $586 $21 $607 The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended June 30, 2025. Allowance for Credit LossesThe ACL consists of the ACL on funded loans HFI and an ACL on unfunded loan commitments. The ACL on HTM securities is estimated separately from loans, see "Note 2. Investment Securities" of these Notes to Unaudited Consolidated Financial Statements for further discussion. Management considers the level of ACL to be a reasonable and supportable estimate of expected