Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 119

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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% plus three-month SOFR (4.29%). As of December 31, 2024, the Company estimated the discount rate at 7.43%, which was a 3.12% credit spread plus three-month SOFR (4.31%).The change in Level 3 assets and liabilities measured at fair value on a recurring basis included in income was as follows:Three Months Ended June 30, 2025Six Months Ended June 30, 2025Loans HFSMSRsIRLCs (1)Loans HFSMSRsIRLCs (1)(in millions)Balance, beginning of period$63 $1,241 $13 $3 $1,127 $(2)Purchases and additions90 284 5,490 154 545 11,232 Sales and payments(71)(452)— (80)(535)— Transfers from Level 2 to Level 32 — — 4 — — Settlement of IRLCs upon acquisition or origination of loans HFS— — (5,481)— — (11,213)Change in fair value— 23 2 3 3 7 Realization of cash flows— (52)— — (96)— Balance, end of period$84 $1,044 $24 $84 $1,044 $24 Changes in unrealized gains for the period (2)$2 $3 $24 $3 $(6)$24 Three Months Ended June 30, 2024Six Months Ended June 30, 2024MSRsIRLCs (1)MSRsIRLCs (1)(in millions)Balance, beginning of period$1,178 $10 $1,124 $18 Purchases and additions214 4,577 403 8,637 Sales and payments(241)— (397)— Settlement of IRLCs upon acquisition or origination of loans HFS— (4,580)— (8,647)Change in fair value32 1 92 — Realization of cash flows(38)— (77)— Balance, end of period$1,145 $8 $1,145 $8 Changes in unrealized gains for the period (2)$31 $7 $69 $7 (1)