Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 157

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 157
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.3 %7.8 %46.7 %Office2,337 23.7 4.4 69.0 Retail783 7.9 1.4 55.7 Multifamily632 6.4 1.2 40.7 Industrial580 5.9 1.1 38.9 Time share467 4.7 0.9 33.6 Medical145 1.5 0.3 61.5 Senior care142 1.4 0.2 41.2 Data Center111 1.1 0.2 25.0 Storage89 1.0 0.2 46.2 Other415 4.1 0.7 57.8 Total CRE - non-owner occupied$9,868 100.0 %18.4 %51.6 %

(1)    The weighted average LTVs in the above table are based on the most recent available information, if current appraisals are not available.

The following table presents the Company’s CRE non-owner occupied loans by origination year as of June 30, 2025:

Origination Year20252024202320222021PriorTotal(in millions)CRE - non-owner occupied$518 $958 $986 $3,670 $1,646 $2,477 $10,255 

The following table presents the scheduled maturities of the Company’s CRE non-owner occupied loans as of June 30, 2025:

(in millions)2025$1,717 20262,835 20272,486 20281,471 2029804 Thereafter942 Total$10,255 

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Approximately $2.1 billion, or 3.8%, of total loans HFI consisted of CRE non-owner occupied office loans as of June 30, 2025, compared to $2.3 billion, or 4.4%, as of December 31, 2024. Of the non-owner occupied office loan balance as of June 30, 2025, $842 million is scheduled to mature in the remainder of 2025. These office loans primarily consist of shorter-term bridge loans that enable borrowers to reposition or redevelop projects with more modern standards attractive to in-office employers in today’s environment, including enhanced on-site amenities. The vast