Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 163

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 163
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Residential86 53 4.9 0.10 Construction and land development5 128 11.8 0.23 Other32 2 0.2 0.00 Total260 $1,083 100.0 %1.94 %

December 31, 2024Number of LoansProblem Loan BalancePercent of Problem Loan BalancePercent of Total Loans HFI(dollars in millions)Municipal & nonprofit2 $18 3.7 %0.03 %Other commercial and industrial89 121 24.8 0.23 CRE - owner occupied9 7 1.4 0.01 Hotel franchise finance8 112 22.9 0.21 Other CRE - non-owner occupied9 136 27.8 0.25 Residential169 92 18.8 0.17 Other33 3 0.6 0.01 Total319 $489 100.0 %0.91 %

The increase in the problem loan balance from December 31, 2024 was largely attributable to a reduction in nonperforming collateral-dependent loans, which are now classified as performing loans.

80

Mortgage Servicing Rights

The fair value of the Company's MSRs related to residential mortgage loans totaled $1.0 billion and $1.1 billion as of June 30, 2025 and December 31, 2024, respectively.

The following is a summary of the UPB of loans underlying the Company's MSR portfolio by type:

June 30, 2025December 31, 2024(in millions)FNMA and FHLMC$41,215 $42,908 GNMA14,499 14,980 Non-agency3,727 3,201 Total unpaid principal balance of loans$59,441 $61,089 

Other Assets Acquired through Foreclosure

Other assets acquired through foreclosure consist primarily of properties acquired as a result of, or in-lieu-of, foreclosure and at June 30, 2025 and December 31, 2024, totaled $218 million and $52 million, respectively, net of a valuation allowance of $6 million and $5 million, as of each respective date. The increase in other assets acquired through foreclosure from December 31, 2024 was mainly due to the addition of five CRE office properties during the period as