Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 244

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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 June 30,20252024Income Statement ClassificationGain/(Loss) on SwapsGain/(Loss) on Hedged ItemGain/(Loss) on SwapsGain/(Loss) on Hedged Item(in millions)Interest income on loans, including fees$(95.4)$95.5 $83.2 $(83.8)Interest income on investment securities(38.4)40.2 — — In addition to the gains and losses on the Company's outstanding fair value hedges presented in the above table, the Company recognized $0.1 million in interest income related to the amortization of the cumulative basis adjustment on its discontinued portfolio layer method hedges during the three and six months ended June 30, 2025, and $2.9 million and $5.9 million related to its discontinued last-of-layer hedges during the three and six months ended June 30, 2024, respectively.

42

Fair Values, Volume of Activity, and Gain/Loss Information Related to Derivative InstrumentsThe following table summarizes the fair value of the Company's derivative instruments on a gross basis as of June 30, 2025, December 31, 2024, and June 30, 2024. The change in the notional amounts of these derivatives from June 30, 2024 to June 30, 2025 indicates the volume of the Company's derivative transaction activity during these periods. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related cash collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties.  June 30, 2025December 31, 2024June 30, 2024Fair ValueFair ValueFair ValueNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative Liabilities(in millions)Derivatives designated as hedging instruments:Fair value hedgesInterest rate contracts$6,033 $23 $56 $4,344 $97 $— $3,866 $78 $—