Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 120

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 120
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     IRLC asset and liability positions are presented net.(2)    Amounts recognized as part of non-interest income.

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The significant unobservable inputs used in the fair value measurements of these Level 3 assets and liabilities were as follows:June 30, 2025Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)141 - 233212 Conditional prepayment rate (1)9.9% - 20.9%16.0 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.535.3 Cost to service$77 - $83$80 Loans HFS:Lifetime liquidation probability1.2% to 10.7%5.0 %IRLCs:Servicing fee multiple4.2 - 6.25.2 Pull-through rate75% - 100%89 %December 31, 2024Asset/liabilityKey inputsRangeWeighted averageMSRs:Option adjusted spread (in basis points)21 - 315237 Conditional prepayment rate (1)8.4% - 19.0%14.0 %Recapture rate20.0% - 20.0%20.0 %Servicing fee rate (in basis points)25.0 - 56.536.4 Cost to service$75 - $95$82 IRLCs:Servicing fee multiple4.3 - 6.45.3 Pull-through rate76% - 100%92 %(1)    Lifetime total prepayment speed annualized. The following is a summary of the difference between the aggregate fair value and the aggregate UPB of loans HFS for which the FVO has been elected:June 30, 2025December 31, 2024Fair valueUPBDifferenceFair valueUPBDifference(in millions)Loans HFS:Current through 89 days delinquent$2,963 $2,854 $109 $2,244 $2,195 $49 90 days or more delinquent17 16 1 — — — Total$2,980 $2,870 $110 $2,244 $2,195 $49 

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Fair value on a nonrecurring basis