Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 209

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 209
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 12,961 Residential - EBO929 972 Construction and land development4,478 4,468 Other139 174 Total loans HFI55,939 53,676 Allowance for credit losses(395)(374)Total loans HFI, net of allowance$55,544 $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 $117 million and $106 million reduced the carrying value of loans as of June 30, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $178 million and $175 million increased the carrying value of loans as of June 30, 2025 and December 31, 2024. Nonaccrual and Past Due Loans Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. The following tables present nonperforming loan balances by loan portfolio segment:June 30, 2025Nonaccrual with No Allowance for Credit LossNonaccrual with an Allowance for Credit LossTotal NonaccrualLoans Past Due 90 Days or More and Still Accruing(in millions)Municipal & nonprofit$— $5 $5 $— Tech & innovation— 34 34 — Equity fund resources— 1 1 — Other commercial and industrial13 29 42 — CRE - owner occupied3 — 3 — Other CRE - non-owner occupied1 180 181 — Residential— 17 17 51 Residential - EBO— — — 326 Construction and land development73 69 142 — Other2 — 2 — Total$92 $335 $427 $377 Loans contractually delinquent by 90 days or more and still accruing totaled $377 million at June 30, 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 $104 million and $99