Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 121

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 121
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Certain assets are measured at fair value on a nonrecurring basis. That is, the assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of credit deterioration). The following table presents such assets carried on the Consolidated Balance Sheet by caption and by level within the ASC 825 hierarchy: Fair Value Measurements at the End of the Reporting Period Using TotalQuoted Prices in Active Markets for Identical Assets(Level 1)Active Markets for Similar Assets(Level 2)Unobservable Inputs(Level 3) (in millions)As of June 30, 2025:Loans HFI$300 $— $— $300 Other assets acquired through foreclosure218 — — 218 As of December 31, 2024:Loans HFI$561 $— $— $561 Other assets acquired through foreclosure52 — — 52 For Level 3 assets measured at fair value on a nonrecurring basis as of period end, the significant unobservable inputs used in the fair value measurements were as follows:June 30, 2025Valuation Technique(s)Significant Unobservable InputsRange(in millions)Loans HFI$300 Collateral methodThird party appraisalCosts to sell6.0% to 10.0%Discounted cash flow methodDiscount rateContractual loan rate3.0% to 8.0%Scheduled cash collectionsProbability of default0% to 20.0%Proceeds from non-real estate collateralLoss given default0% to 70.0%Other assets acquired through foreclosure218 Collateral methodThird party appraisalCosts to sell1.0% to 6.0%December 31, 2024Valuation Technique(s)Significant Unobservable InputsRange(in millions)Loans HFI$561 Collateral methodThird party appraisalCosts to sell6.0% to 10.0%Discounted cash flow methodDiscount rateContractual loan rate3.0% to 8.0%Scheduled cash collectionsProbability of default0% to 20.0%Proceeds from non-real estate collateralLoss given default0% to 70.0%Other assets acquired through foreclosure52 Collateral methodThird party appraisalCosts to sell1.0% to 6.0%Loans HFI: