Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 182

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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— — 275 Construction and land development86 1 87 — Other2 — 2 — Total$227 $224 $451 $319 Loans contractually delinquent by 90 days or more and still accruing totaled $319 million at March 31, 2025 and consisted of government guaranteed EBO and certain other residential loans.Additionally, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process totaled $98 million and $99 million at March 31, 2025 and December 31, 2024, respectively.

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December 31, 2024Nonaccrual 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 & innovation3 57 60 — Equity fund resources— 1 1 — Other commercial and industrial11 6 17 — CRE - owner occupied5 — 5 — Other CRE - non-owner occupied172 71 243 — Residential— 88 88 — Residential - EBO— — — 326 Construction and land development55 1 56 — Other1 — 1 — Total$247 $229 $476 $326 Loans contractually delinquent by 90 days or more and still accruing totaled $326 million at December 31, 2024 and consisted of government guaranteed EBO residential loans.The reduction in interest income associated with loans on nonaccrual status was approximately $8.0 million and $4.9 million for the three months ended March 31, 2025 and 2024, respectively. The following table presents an aging analysis of past due loans by loan portfolio segment:March 31, 2025Current30-59 DaysPast Due60-89 DaysPast DueOver 90 daysPast DueTotalPast DueTotal NonaccrualTotal(in millions)Warehouse lending$8,186 $— $— $— $— $— $8,186 Municipal & nonprofit1,616 — — — — 5 1,621 Tech