Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 61

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 any other significant entities that should be consolidated. All significant intercompany balances and transactions have been eliminated in consolidation.Reclassifications

Certain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net income or stockholders’ equity as previously reported. 

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2. INVESTMENT SECURITIES The carrying amounts and fair values of investment securities are summarized as follows:June 30, 2025Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value(in millions)Held-to-maturityTax-exempt$1,369 $2 $(141)$1,230 Private label residential MBS171 — (33)138 Total HTM securities$1,540 $2 $(174)$1,368 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$6,986 $35 $(355)$6,666 U.S. Treasury securities5,470 38 (4)5,504 CLO1,895 6 — 1,901 Private label residential MBS1,164 1 (175)990 Tax-exempt909 — (113)796 Commercial MBS issued by GSEs and GNMA604 4 (9)599 Corporate debt securities391 — (17)374 Other75 1 (8)68 Total AFS debt securities$17,494 $85 $(681)$16,898 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 G