Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 256

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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2024.

March 31, 2025December 31, 2024(dollars in millions)Total nonaccrual loans (1)$451 $476 Loans past due 90 days or more on accrual status (2)44 — Accruing restructured loans135 128 Total nonperforming loans$630 $604 Other assets acquired through foreclosure, net$51 $52 Nonaccrual HFI loans to funded HFI loans0.82 %0.89 %Loans past due 90 days or more on accrual status to funded loans HFI (2)0.08 — 

(1)Includes loan modifications to borrowers experiencing financial difficulty of $164 million and $169 million at March 31, 2025 and December 31, 2024, respectively.

(2)Excludes government guaranteed residential mortgage loans of $275 million and $326 million at March 31, 2025 and December 31, 2024, respectively.

Interest income that would have been recorded under the original terms of nonaccrual loans was $8.0 million and $4.9 million for the three months ended March 31, 2025 and 2024, respectively.

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

March 31, 2025NonaccrualBalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.1 %0.01 %Tech & innovation38 8.4 0.07 Equity fund resources1 0.2 0.00 Other commercial and industrial39 8.7 0.07 CRE - owner occupied3 0.7 0.01 Other CRE - non-owner occupied253 56.1 0.46 Residential23 5.1 0.04 Construction and land development87 19.3 0.16 Other2 0.4 0.00 Total non-accrual loans$451 100.0 %0.82 %

December 31, 2024NonaccrualBalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.0 %0.01 %