Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 72

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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Loan acquisition and origination fees18.3 15.4 47.4 42.8 Net gain on mortgage loan origination and sale activities$75.5 $46.3 $164.4 $138.4 (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:September 30, 2025December 31, 2024(in millions)Mortgage finance$6,574 $6,151 Municipal & nonprofit1,559 1,620 Tech & innovation3,818 3,383 Equity fund resources993 884 Other commercial and industrial12,935 11,231 CRE - owner occupied1,531 1,675 Hotel franchise finance4,006 3,815 Other CRE - non-owner occupied6,923 6,342 Residential13,158 12,961 Residential - EBO956 972 Construction and land development4,047 4,468 Other146 174 Total loans HFI56,646 53,676 Allowance for credit losses(440)(374)Total loans HFI, net of allowance$56,206 $53,302 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 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. Nonaccrual and Past Due Loans Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment:September 30, 2025Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossTotal NonaccrualLo