Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 117

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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$451 $476 Repossessed assets51 52 Non-performing assets681 528 Nonaccrual loans to funded loans0.82 %0.89 %Nonaccrual and repossessed assets to total assets0.60 0.65 Allowance for loan losses to funded loans0.71 0.70 Allowance for credit losses to funded loans0.77 0.77 Allowance for loan losses to nonaccrual loans86 79 Allowance for credit losses to nonaccrual loans94 87 Net charge-offs to average loans outstanding (1)0.20 0.18 

(1)Annualized on an actual/actual basis for the three months ended March 31, 2025. Actual year-to-date for the year ended December 31, 2024.

60

Asset and Deposit Growth

The Company’s assets and liabilities are comprised primarily of loans and deposits. Therefore, the ability to originate new loans and attract new deposits is fundamental to the Company’s growth. 

Total assets increased to $83.0 billion at March 31, 2025 from $80.9 billion at December 31, 2024. The increase in total assets of $2.1 billion, or 2.6%, was primarily driven by an increase in deposits, which contributed to an increase in funded HFI and HFS loan growth of $1.1 billion and $952 million, respectively, and investment securities of $773 million, which was partially offset by a decrease in cash of $817 million.

Loans HFI increased $1.1 billion, or 2.0%, to $54.8 billion as of March 31, 2025, compared to $53.7 billion as of December 31, 2024. By loan type, commercial and industrial and commercial real estate loans increased $989 million and $134 million, respectively, from December 31, 2024. In addition, loans HFS increased $952 million from $2.3 billion as of December 31, 2024 primarily due to an increase in agency-conforming and non-EBO loans.

Total deposits increased $3.0 billion, or 4.5%, to $69.3 billion as of March 31, 2025 from $66.3 billion as of December 31, 2024. By type, the increase in deposits from December 31,