Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 211

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 211
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$16.4 $7.8 Provision for (recovery of) credit losses0.4 0.9 (4.4)1.8 Charge-offs— — — — Recoveries— — — — Balance, end of period$12.0 $9.6 $12.0 $9.6 No allowance has been recognized on the Company's HTM private label residential MBS as losses are not expected due to the Company holding a senior position in these securities. 

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Accrued interest receivable on HTM debt securities totaled $5 million at September 30, 2025 and December 31, 2024 and is excluded from the estimate of expected credit losses.The following tables summarize the carrying amount of the Company’s investment ratings position, which are updated quarterly and used to monitor the credit quality of the Company's securities: September 30, 2025AAASplit-rated AAA/AA+AA+ to AA-A+ to A-BBB+ to BBB-BB+ and belowUnratedTotals(in millions)Held-to-maturityTax-exempt$— $— $— $— $— $— $1,363 $1,363 Private label residential MBS— — — — — — 169 169 Total HTM securities (1)$— $— $— $— $— $— $1,532 $1,532 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$— $— $7,065 $— $— $— $— $7,065 U.S. Treasury securities— — 5,388 — — — — 5,388 CLO195 — 1,452 241 — — — 1,888 Private label residential MBS1,016 — 28 — — — — 1,044 Tax-exempt23 — 337 363 — — 82 805 Commercial MBS issued by GSEs and GNMA1 — 621 — — — — 622 Corporate debt securities— — — 79 191 80 — 350 Other— — 11