Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 62

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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SEs and GNMA447 1 (11)437 Corporate debt securities407 — (21)386 Other75 1 (7)69 Total AFS debt securities$14,178 $19 $(729)$13,468 In addition, the Company held equity securities, which primarily consisted of preferred stock, CRA investments, and common stock, with a fair value of $122 million and $117 million at June 30, 2025 and December 31, 2024, respectively. Unrealized losses of $1.3 million and $1.2 million on equity securities for the three months ended June 30, 2025 and 2024, respectively, and unrealized losses of less than $0.1 million and unrealized gains of $2.7 million for the 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.

14

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