Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 193

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 193
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— 587 474 — 474 Construction and land development123 — 123 67 — 67 Total$728 $57 $785 $586 $21 $607 

27

The Company did not identify any significant changes in the extent to which collateral secures its collateral dependent loans, whether in the form of general deterioration or from other factors during the period ended March 31, 2025. Allowance for Credit LossesThe ACL consists of the ACL on funded loans HFI and an ACL on unfunded loan commitments. The ACL on HTM securities is estimated separately from loans, see "Note 2. Investment Securities" of these Notes to Unaudited Consolidated Financial Statements for further discussion. Management considers the level of ACL to be a reasonable and supportable estimate of expected credit losses inherent within the Company's HFI loan portfolio as of March 31, 2025. The below tables reflect the activity in the ACL on loans HFI by loan portfolio segment, which includes an estimate of future recoveries:Three Months Ended March 31, 2025Balance, December 31, 2024Provision for (Recovery of) Credit LossesCharge-offsRecoveriesBalance, March 31, 2025(in millions)Warehouse lending$6.4 $(0.1)$— $— $6.3 Municipal & nonprofit14.7 0.1 — — 14.8 Tech & innovation55.9 0.2 12.1 (0.9)44.9 Equity fund resources1.6 (0.2)— — 1.4 Other commercial and industrial77.8 14.7 0.9 (0.1)91.7 CRE - owner occupied3.4 0.2 — (0.1)3.7 Hotel franchise finance35.3 (2.7)— (0.6)33.2 Other CRE - non-owner occupied134.4 18.2 14.5 — 138.1 Residential19.7 — — — 19.7 Residential - EBO— — — — — Construction and land development21.3 10.7 — — 32.0 Other3.3 (0.5)— — 2.