Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 303

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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 Loans to NDFIsPercent of Total HFI Loans(dollars in millions)Mortgage credit intermediaries$9,256 68.2 %16.3 %Business credit intermediaries3,329 24.5 5.9 Private equity funds992 7.3 1.8 Total loans to NDFIs$13,577 100.0 %24.0 %

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In addition, the Company's loan portfolio includes significant credit exposure to the CRE market as CRE related loans accounted for approximately 29% and 30% of total loans at September 30, 2025 and December 31, 2024, respectively. Non-owner occupied CRE loans are loans where the primary source of repayment is rental income generated from the collateral property. Owner occupied CRE loans are loans secured by owner occupied non-farm nonresidential properties where the primary source of repayment is the cash flow from the ongoing operations and activities conducted by the borrower who owns the property. These CRE loans are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties. 

The following tables present the composition by property type and weighted average LTV of the Company’s CRE non-owner occupied loans:

September 30, 2025AmountPercent of CRE-Non OOPercent of Total HFI LoansWeighted Average LTV (1)(dollars in millions)Hotel$4,377 41.7 %7.7 %52.0 %Office2,238 21.3 3.9 61.0 Multifamily899 8.6 1.6 50.0 Retail752 7.2 1.3 52.0 Industrial597 5.7 1.1 44.0 Time share439 4.2 0.8 46.0 Data Center159 1.5 0.3 29.0 Medical131 1.3 0.2 58.0 Senior care108 1.0 0.2 42.0 Storage90 0.9 0.2 36.0 Other697 6.6 1.2 53.0 Total CRE - non-owner occupied$10,487 100.0 %18.5 %52.6 %

(1)    The weighted average LTVs in the above table