Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 204

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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 $8.2 $16.4 $7.8 Provision for (recovery of) credit losses— 0.5 (4.8)0.9 Charge-offs— — — — Recoveries— — — — Balance, end of period$11.6 $8.7 $11.6 $8.7 No allowance has been recognized on the Company's HTM private label residential MBS as losses are not expected due to the Company holding a senior position in these securities. 

16

Accrued interest receivable on HTM debt securities totaled $5 million at both June 30, 2025 and December 31, 2024 and is excluded from the estimate of expected credit losses.The following tables summarize the carrying amount of the Company’s investment ratings position, which are updated quarterly and used to monitor the credit quality of the Company's securities: June 30, 2025AAASplit-rated AAA/AA+AA+ to AA-A+ to A-BBB+ to BBB-BB+ and belowUnratedTotals(in millions)Held-to-maturityTax-exempt$— $— $— $— $— $— $1,369 $1,369 Private label residential MBS— — — — — — 171 171 Total HTM securities (1)$— $— $— $— $— $— $1,540 $1,540 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$— $— $6,666 $— $— $— $— $6,666 U.S. Treasury securities— — 5,504 — — — — 5,504 CLO190 — 1,475 236 — — — 1,901 Private label residential MBS963 — 27 — — — — 990 Tax-exempt22 — 327 354 — — 93 796 Commercial MBS issued by GSEs and GNMA— — 599 — — — — 599 Corporate debt securities— — — 79 217 78 — 374 Other— —