Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 173

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 173
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)$1,359 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$6,888 $29 $(362)$6,555 U.S. Treasury securities4,017 1 (2)4,016 Private label residential MBS1,139 — (181)958 CLO876 1 (1)876 Tax-exempt918 — (93)825 Commercial MBS issued by GSEs and GNMA552 3 (9)546 Corporate debt securities402 — (17)385 Other75 1 (6)70 Total AFS debt securities$14,867 $35 $(671)$14,231 December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value(in millions)Held-to-maturityTax-exempt$1,350 $1 $(180)$1,171 Private label residential MBS176 — (38)138 Total HTM securities$1,526 $1 $(218)$1,309 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$6,225 $16 $(410)$5,831 U.S. Treasury securities4,385 1 (3)4,383 Private label residential MBS1,148 — (201)947 Tax-exempt921 — (76)845 CLO570 — — 570 Commercial MBS issued by GSEs and GNMA447 1 (11)437 Corporate debt securities407 — (21)386 Other75 1 (7)69 Total AFS debt securities$14,178 $19 $(729)$13,468 In addition, the Company held equity securities, which primarily consisted of preferred stock and CRA investments, with a fair value of $113 million and $117 million at March 31, 2025 and December 31, 2024, respectively. Unrealized losses of $1.3 million and unrealized gains of $3.9 million on equity securities for the three months ended March 31, 2025 and 2024, respectively, were recognized in earnings as a component of Fair value gain adjustments, net. Securities with carrying amounts of approximately $4.7 billion and $4