Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 258

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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Sales and payments(71)(452)— (80)(535)— Transfers from Level 2 to Level 32 — — 4 — — Settlement of IRLCs upon acquisition or origination of loans HFS— — (5,481)— — (11,213)Change in fair value— 23 2 3 3 7 Realization of cash flows— (52)— — (96)— Balance, end of period$84 $1,044 $24 $84 $1,044 $24 Changes in unrealized gains for the period (2)$2 $3 $24 $3 $(6)$24 Three Months Ended June 30, 2024Six Months Ended June 30, 2024MSRsIRLCs (1)MSRsIRLCs (1)(in millions)Balance, beginning of period$1,178 $10 $1,124 $18 Purchases and additions214 4,577 403 8,637 Sales and payments(241)— (397)— Settlement of IRLCs upon acquisition or origination of loans HFS— (4,580)— (8,647)Change in fair value32 1 92 — Realization of cash flows(38)— (77)— Balance, end of period$1,145 $8 $1,145 $8 Changes in unrealized gains for the period (2)$31 $7 $69 $7 (1)     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