Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 86

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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 directive from an appropriate federal regulatory authority upon the occurrence of certain specified exchange events. 

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11. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated: Three Months Ended March 31,Unrealized holding gains (losses) on AFS securitiesUnrealized holding losses on SERPUnrealized holding gains (losses) on junior subordinated debtImpairment loss on securitiesTotal(in millions)Balance, December 31, 2024$(534.7)$(0.4)$1.4 $— $(533.7)Other comprehensive income before reclassifications55.7 — 1.1 — 56.8 Amounts reclassified from AOCI(1.6)— — — (1.6)Net current-period other comprehensive income54.1 — 1.1 — 55.2 Balance, March 31, 2025$(480.6)$(0.4)$2.5 $— $(478.5)Balance, December 31, 2023$(516.6)$(0.3)$2.8 $1.2 $(512.9)Other comprehensive loss before reclassifications(44.9)— (0.5)— (45.4)Amounts reclassified from AOCI0.7 — — — 0.7 Net current-period other comprehensive loss(44.2)— (0.5)— (44.7)Balance, March 31, 2024$(560.8)$(0.3)$2.3 $1.2 $(557.6)

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12. DERIVATIVES AND HEDGING ACTIVITIES The Company is a party to various derivative instruments. The primary types of derivatives the Company uses are interest rate contracts, forward purchase and sale commitments, and interest rate futures. Generally, these instruments are used to help manage the Company's exposure to interest rate risk related to IRLCs and its inventory of loans HFS and MSRs and also to meet client financing and hedging needs. Derivatives are recorded at fair value on the Consolidated Balance Sheet, after taking into account the effects of bilateral collateral and master netting agreements. These agreements allow the Company to settle all derivative contracts held with