Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 130

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 primarily related to the Company's efforts to capitalize on changes in the yield curve and increase investment yields by shifting the investment portfolio mix from shorter term securities without changing the portfolio's overall liquidity. 

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Loans HFS

The Company purchases and originates residential mortgage loans that are held for sale or securitization through its AmeriHome mortgage banking business channel. As of March 31, 2025, loans HFS totaled $3.2 billion, compared to $2.3 billion at December 31, 2024, an increase of $952 million primarily related to an increase in agency-conforming and non-EBO loans.

Loans HFI

The table below summarizes the distribution of the Company’s held for investment loan portfolio: 

March 31, 2025December 31, 2024Increase(Decrease)(in millions)Warehouse lending$8,186 $8,207 $(21)Municipal & nonprofit1,621 1,620 1 Tech & innovation3,427 3,383 44 Equity fund resources865 884 (19)Other commercial and industrial10,159 9,175 984 CRE - owner occupied1,637 1,675 (38)Hotel franchise finance3,894 3,815 79 Other CRE - non-owner occupied6,391 6,342 49 Residential13,007 12,961 46 Residential - EBO918 972 (54)Construction and land development4,491 4,468 23 Other165 174 (9)Total loans HFI54,761 53,676 1,085 Allowance for credit losses(389)(374)(15)Total loans HFI, net of allowance$54,372 $53,302 $1,070 

Loans classified as HFI are stated at the amount of unpaid principal, adjusted for net deferred fees and costs, premiums and discounts on acquired and purchased loans, and an ACL. Net deferred loan fees of $108 million and $106 million reduced the carrying value of loans as of March 31, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $175 million increased the carrying value of loans as of March 31, 2025 and December 31, 2024. 

Concentrations of Lending Activities

The Company monitors