Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 150

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 150
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CONSOLIDATED BALANCE SHEETS 

December 31, 20242023(in millions, except shares and per share amounts)Assets:Cash and due from banks$320 $276 Interest bearing deposits in other financial institutions3,776 1,300 Cash and cash equivalents4,096 1,576 Investment securities - AFS, at fair value; amortized cost of $14,178 and $11,849 at December 31, 2024 and 2023, respectively (ACL of $0.4 and $1.4 at December 31, 2024 and 2023, respectively)13,468 11,165 Investment securities - HTM, at amortized cost and net of allowance for credit losses of $16.4 and $7.8 (fair value of $1,309 and $1,251) at December 31, 2024 and 2023, respectively1,510 1,421 Investment securities - equity117 126 Investments in restricted stock, at cost232 281 Loans HFS2,286 1,402 Loans HFI, net of deferred fees and costs53,676 50,297 Less: allowance for credit losses(374)(337)Net loans held for investment53,302 49,960 Mortgage servicing rights1,127 1,124 Premises and equipment, net361 339 Operating lease right of use asset128 145 Bank owned life insurance1,011 186 Goodwill and intangible assets, net659 669 Deferred tax assets, net281 287 Investments in LIHTC and renewable energy606 573 Other assets1,750 1,608 Total assets$80,934 $70,862 Liabilities:Deposits:Non-interest bearing$18,846 $14,520 Interest bearing47,495 40,813 Total deposits66,341 55,333 Other borrowings5,573 7,230 Qualifying debt899 895 Operating lease liability159 179 Other liabilities1,255 1,147 Total liabilities74,227 64,784 Commitments and contingencies (Note 18)Stockholders’ equity:Preferred stock (par value $0.0001; 20,000,000 authorized; 30,000 shares (12,000,000 depositary shares)