Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 162

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 162
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 through continued sponsor support of projects by re-appraisal rights of the Company, re-margining requirements and ongoing debt service, and debt yield covenants. 

As of September 30, 2025 and December 31, 2024, 14% and 16% of the Company's CRE loans, excluding construction and land loans, were owner occupied, respectively, with substantially all of these loans secured by first liens and had an initial loan-to-value ratio of generally not more than 75%. 

Non-performing Assets

Total non-performing loans increased $75 million to $679 million at September 30, 2025, from $604 million at December 31, 2024.

September 30, 2025December 31, 2024(dollars in millions)Total nonaccrual loans (1)$522 $476 Loans past due 90 days or more on accrual status (2)49 — Accruing restructured loans108 128 Total nonperforming loans$679 $604 Other assets acquired through foreclosure, net$130 $52 Nonaccrual HFI loans to funded HFI loans0.92 %0.89 %Loans past due 90 days or more on accrual status to funded loans HFI (2)0.09 — 

(1)Includes loan modifications to borrowers experiencing financial difficulty of $149 million and $169 million at September 30, 2025 and December 31, 2024, respectively.

(2)Excludes government guaranteed residential mortgage loans of $282 million and $326 million at September 30, 2025 and December 31, 2024, respectively.

Interest income that would have been recorded under the original terms of nonaccrual loans was $10.4 million and $6.6 million for the three months ended September 30, 2025 and 2024, respectively, and $26.4 million and $18.4 million for the nine months ended September 30, 2025 and 2024, respectively.

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The composition of nonaccrual loans HFI by loan portfolio segment were as follows: 

September 30, 2025Nonaccrual   BalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.0 %0.01 %Tech & innovation