Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 158

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 158
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 Equity securitiesPreferred stock$64 $91 $(27)CRA investments27 26 1 Total equity securities$91 $117 $(26)

The increase in total debt securities of $3.8 billion from December 31, 2024 was primarily driven by increases in CLOs, U.S. Treasury securities, and Residential MBS issued by GSEs and GNMA. Investments in CLOs increased $1.3 billion from December 31, 2024 as the Company shifted its investment mix towards higher yielding securities amid favorable market conditions. Growth in U.S. Treasury securities and Residential MBS issued by GSEs and GNMA from December 31, 2024 reflects the Company's continued efforts to expand holdings of high-quality liquid assets.

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Loans HFS

The Company purchases and originates residential mortgage loans that are held for sale or securitization through its AmeriHome mortgage banking business channel. As of September 30, 2025, loans HFS totaled $3.5 billion, compared to $2.3 billion at December 31, 2024, an increase of $1.2 billion primarily related to an increase in non-EBO loans.

Loans HFI

The table below summarizes the distribution of the Company’s held for investment loan portfolio: 

September 30, 2025December 31, 2024Increase(Decrease)(in millions)Mortgage finance$6,574 $6,151 $423 Municipal & nonprofit1,559 1,620 (61)Tech & innovation3,818 3,383 435 Equity fund resources993 884 109 Other commercial and industrial12,935 11,231 1,704 CRE - owner occupied1,531 1,675 (144)Hotel franchise finance4,006 3,815 191 Other CRE - non-owner occupied6,923 6,342 581 Residential13,158 12,961 197 Residential - EBO956 972 (16)Construction and land development4,047 4,468 (421)Other146 174 (28)Total loans HFI56,646 53,676 2,970 Allowance for credit losses(440)(374)(66)Total loans HFI, net of allowance$56,206 $53,302 $2,904