Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 255

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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5,504 CLO— 1,901 — 1,901 Private label residential MBS— 990 — 990 Tax-exempt— 796 — 796 Commercial MBS issued by GSEs and GNMA— 599 — 599 Corporate debt securities— 374 — 374 Other28 40 — 68 Total AFS debt securities$5,532 $11,366 $— $16,898 Trading securitiesResidential MBS issued by GSEs and GNMA$— $53 $— $53 Total trading securities$— $53 $— $53 Equity securitiesPreferred stock$63 $— $— $63 Common stock32 — — 32 CRA investments27 — — 27 Total equity securities$122 $— $— $122 Loans HFS (2)$— $2,896 $84 $2,980 Mortgage servicing rights— — 1,044 1,044 Derivative assets (1)— 119 57 176 Liabilities:Junior subordinated debt (3)$— $— $69 $69 Derivative liabilities (1)— 203 — 203 (1)See "Note 12. Derivatives and Hedging Activities." In addition, the carrying value of loans is decreased by $5 million as of June 30, 2025 for the effective portion of the hedge, which relates to the fair value of the hedges put in place to mitigate against fluctuations in interest rates. Derivative assets and liabilities exclude margin of $347 million and $(41) million, respectively.(2)Includes only the portion of loans HFS that is recorded at fair value at each reporting period pursuant to the election of FVO treatment.(3)Includes only the portion of junior subordinated debt that is recorded at fair value at each reporting period pursuant to the election of FVO treatment.

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 Fair Value Measurements at the End of the Reporting Period Using:Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Fair ValueDecember 31, 2024(in millions)Assets:Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA