Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 240

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 240
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.5)— (0.6)Balance, June 30, 2024$(560.9)$(0.3)$1.8 $1.2 $(558.2)Six Months Ended June 30,Unrealized holding gains (losses) on AFS securitiesUnrealized holding gains (losses) on SERPUnrealized holding gains (losses) on junior subordinated debtImpairment loss on securitiesTotal(in millions)Balance, December 31, 2024$(534.7)$(0.4)$1.4 $— $(533.7)Other comprehensive income (loss) before reclassifications65.4 0.1 (3.0)— 62.5 Amounts reclassified from AOCI(10.4)— — — (10.4)Net current-period other comprehensive income (loss)55.0 0.1 (3.0)— 52.1 Balance, June 30, 2025$(479.7)$(0.3)$(1.6)$— $(481.6)Balance, December 31, 2023$(516.6)$(0.3)$2.8 $1.2 $(512.9)Other comprehensive loss before reclassifications(43.2)— (1.0)— (44.2)Amounts reclassified from AOCI(1.1)— — — (1.1)Net current-period other comprehensive loss(44.3)— (1.0)— (45.3)Balance, June 30, 2024$(560.9)$(0.3)$1.8 $1.2 $(558.2)

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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 the same counterparty on a