Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 105

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 105
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’s credit risk monitoring practices, see “Business – Lending Activities – Asset Quality” in Item 1 of this Form 10-K. 

As of December 31, 2024 and 2023, 16% of the Company's CRE loans, excluding construction and land loans, were owner occupied, 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 by $194 million at December 31, 2024 to $604 million from $410 million at December 31, 2023.

December 31,20242023(dollars in millions)Total nonaccrual loans (1)$476 $273 Loans past due 90 days or more on accrual status (2)— 42 Accruing restructured loans$128 95 Total nonperforming loans604 410 Other assets acquired through foreclosure, net$52 $8 Nonaccrual loans to funded loans HFI0.89 %0.54 %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 $169 million and $111 million at December 31, 2024 and 2023, respectively.

(2)Excludes government guaranteed residential mortgage loans of $326 million and $399 million at December 31, 2024 and 2023, respectively.

Interest income that would have been recorded under the original terms of nonaccrual loans was $24.5 million, $12.3 million, and $4.7 million for the years ended December 31, 2024, 2023, and 2022, respectively. 

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

December 31, 2024NonaccrualBalancePercent of Nonaccrual BalancePercent ofTotal Loans HFI(dollars in millions)Municipal & nonprofit$5 1.0 %0.01 %Tech & innovation60 12.6 0.11 Equity fund resources1 0.2 0.00 Other commercial and industrial17 3.6 0.03 CRE - owner occupied5 1.0 0.01 Other CRE