Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 164

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 164
---
 CRE - non-owner occupied— — 50 50 0.7 Construction and land development— — 34 34 0.8 Total$— $— $160 $160 0.3 %

Amortized Cost Basis at September 30, 2024Term ExtensionInterest Rate ReductionPayment DelayTotal% of Total Class of Financing ReceivableThree Months Ended (dollars in millions)Tech & innovation$— $2 $— $2 0.1 %Other commercial and industrial— — 87 87 1.0 Total$— $2 $87 $89 0.2 %

Amortized Cost Basis at September 30, 2024Term ExtensionInterest Rate ReductionPayment DelayTotal% of Total Class of Financing ReceivableNine Months Ended (dollars in millions)Tech & innovation$— $2 $29 $31 1.0 %Other commercial and industrial8 — 87 95 1.0 Other CRE - non-owner occupied— — 56 56 0.9 Construction and land development41 — — 41 0.9 Total$49 $2 $172 $223 0.4 %

The performance of these modified loans is monitored for 12 months following the modification. As of September 30, 2025, modified loans of $108 million were current to 89 days delinquent and $149 million were on nonaccrual status. As of December 31, 2024, modified loans of $128 million were current to 89 days delinquent and $169 million were on nonaccrual status.

In the normal course of business, the Company also modifies EBO loans, which are delinquent FHA, VA, or USDA insured or guaranteed loans repurchased under the terms of the GNMA MBS program and can be repooled or resold when loans are brought current either through the borrower's reperformance or through successful completion of a loss mitigation retention solution. During the three and nine months ended September 30, 2025, the Company completed modifications of EBO loans with an amortized cost of $173 million and $442 million, respectively. During the three and nine months ended September 30, 2024, the Company completed modifications of EBO loans with an amortized cost of $106 million and $285 million, respectively. These modifications