Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 225

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 225
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1)Realization of cash flows(39)— Balance, end of period$1,178 $10 Changes in unrealized gains for the period (2)$46 $10 (1)     IRLC asset and liability positions are presented net.(2)    Amounts recognized as part of non-interest income.

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The significant unobservable inputs used in the fair value measurements of these Level 3 assets and liabilities were as follows:March 31, 2025Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)142 - 248227 Conditional prepayment rate (1)8.8% - 20.5%15.2 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.534.9 Cost to service$75 - $95$82 IRLCs:Servicing fee multiple4.2 - 6.25.1 Pull-through rate75% - 100%89 %December 31, 2024Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)21 - 315237 Conditional prepayment rate (1)8.4% - 19.0%14.0 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.536.4 Cost to service$75 - $95$82 IRLCs:Servicing fee multiple4.3 - 6.45.3 Pull-through rate76% - 100%92 %(1)    Lifetime total prepayment speed annualized. The following is a summary of the difference between the aggregate fair value and the aggregate UPB of loans HFS for which the FVO has been elected:March 31, 2025December 31, 2024Fair valueUPBDifferenceFair valueUPBDifference(in millions)Loans HFS:Current through 89 days delinquent$3,175 $3,065 $110 $2,244 $2,195 $49 90 days or more delinquent3 3 — — — — Total$3,178 $3,068 $110 $2,244