Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 155

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 155
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 through its AmeriHome mortgage banking business channel. As of June 30, 2025, loans HFS totaled $3.0 billion, compared to $2.3 billion at December 31, 2024, an increase of $736 million primarily related to an increase in non-EBO and agency-conforming loans.

Loans HFI

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

June 30, 2025December 31, 2024Increase(Decrease)(in millions)Warehouse lending$8,574 $8,207 $367 Municipal & nonprofit1,634 1,620 14 Tech & innovation3,609 3,383 226 Equity fund resources857 884 (27)Other commercial and industrial10,474 9,175 1,299 CRE - owner occupied1,598 1,675 (77)Hotel franchise finance3,929 3,815 114 Other CRE - non-owner occupied6,552 6,342 210 Residential13,166 12,961 205 Residential - EBO929 972 (43)Construction and land development4,478 4,468 10 Other139 174 (35)Total loans HFI55,939 53,676 2,263 Allowance for credit losses(395)(374)(21)Total loans HFI, net of allowance$55,544 $53,302 $2,242 

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 $117 million and $106 million reduced the carrying value of loans as of June 30, 2025 and December 31, 2024, respectively. Net unamortized purchase premiums on acquired and purchased loans of $178 million and $175 million increased the carrying value of loans as of June 30, 2025 and December 31, 2024, respectively. 

Concentrations of Lending Activities

The Company monitors concentrations of lending activities at the product and borrower relationship level. As of June 30, 2025 and December 31, 2024, no borrower relationships at both the commitment and funded loan level exceeded 5% of total loans HFI.

Commercial and industrial loans