Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 174

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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.0 billion at March 31, 2025 and December 31, 2024, respectively, were pledged for various purposes as required or permitted by law.

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The following tables summarize the Company's AFS debt securities in an unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position: March 31, 2025Less Than Twelve MonthsMore Than Twelve MonthsTotalGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair Value(in millions)Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$5 $1,195 $357 $1,489 $362 $2,684 U.S. Treasury securities2 2,557 — — 2 2,557 Private label residential MBS— — 181 942 181 942 Tax-exempt— — 93 750 93 750 CLO1 372 — — 1 372 Corporate debt securities (1)— — 17 348 17 348 Commercial MBS issued by GSEs and GNMA— — 9 67 9 67 Other2 32 4 16 6 48 Total AFS securities$10 $4,156 $661 $3,612 $671 $7,768 (1)Includes securities with an ACL that have a fair value of $8 million and unrealized losses of $1 million.December 31, 2024Less Than Twelve MonthsMore Than Twelve MonthsTotalGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair Value(in millions)Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$18 $1,793 $392 $1,482 $410 $3,275 U.S. Treasury securities3 2,185 — — 3 2,185 Private label residential MBS— — 201 939 201 939 Tax-exempt1 32 75 813 76 845 Corporate debt securities (1)— — 21 362 21 362 Commercial MBS issued by GSEs and GNMA10 220 1 16 11 236 Other2 32