Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 201

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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 six months ended June 30, 2025 and 2024, respectively, were recognized in earnings as a component of Fair value gain adjustments, net. Securities with carrying amounts of approximately $4.9 billion and $4.0 billion at June 30, 2025 and December 31, 2024, respectively, were pledged for various purposes as required or permitted by law.

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The following tables summarize the Company's AFS debt securities in an unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position: June 30, 2025Less Than Twelve MonthsMore Than Twelve MonthsTotalGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair Value(in millions)Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$3 $1,061 $352 $1,471 $355 $2,532 U.S. Treasury securities4 1,948 — — 4 1,948 Private label residential MBS— — 175 893 175 893 Tax-exempt— — 113 723 113 723 Corporate debt securities (1)— — 17 339 17 339 Commercial MBS issued by GSEs and GNMA1 170 8 66 9 236 Other4 31 4 16 8 47 Total AFS securities$12 $3,210 $669 $3,508 $681 $6,718 (1)Includes securities with an ACL that have a fair value of $8 million and unrealized losses of $1 million.December 31, 2024Less Than Twelve MonthsMore Than Twelve MonthsTotalGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair Value(in millions)Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$18 $1,793 $392 $1,482 $410 $3,275 U.S. Treasury securities3 2,185 — — 3 2,185 Private label residential MBS— — 201 939 201 939 Tax-exempt1 32 75 813 76 845 Corporate debt securities (1)— — 21 362