Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 215

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 215
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 upon sale of loans$318.7 $222.5 $863.4 $625.9 Net proceeds from sale of loans (1)(185.9)(116.4)(663.6)(467.7)Provision for and change in estimate of liability for losses under representations and warranties, net0.6 — 1.7 4.2 Change in fair value of loans HFS and trading securities(0.6)4.0 32.5 (1.3)Change in fair value of derivatives:Unrealized gain (loss) on derivatives17.1 (2.9)(56.1)14.2 Realized loss on derivatives(92.7)(76.3)(60.9)(79.7)Total change in fair value of derivatives(75.6)(79.2)(117.0)(65.5)Net gain on residential mortgage loans HFS$57.2 $30.9 $117.0 $95.6 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