Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 208

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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4, respectively. Unrealized gains of $0.8 million and $3.2 million on equity securities for the three months ended September 30, 2025 and 2024, respectively, and unrealized gains of $0.7 million and $5.9 million for the nine months ended September 30, 2025 and 2024, respectively, were recognized in earnings as a component of Fair value gain adjustments, net. Securities with carrying amounts of approximately $4.6 billion and $4.0 billion at September 30, 2025 and December 31, 2024, respectively, were pledged for various purposes as required or permitted by law.

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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: September 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$2 $614 $323 $1,462 $325 $2,076 Private label residential MBS— — 160 885 160 885 Tax-exempt— — 90 742 90 742 CLO1 379 — — 1 379 Corporate debt securities— — 12 301 12 301 Commercial MBS issued by GSEs and GNMA1 106 7 71 8 177 Other1 12 7 44 8 56 Total AFS securities$5 $1,111 $599 $3,505 $604 $4,616 December 31, 2024Less 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$18 $1,793 $392 $1,482 $410 $3,275 U.S. Treasury securities3 2,185 — — 3 2,185 Private label residential MBS— — 201 939 201 939 Tax-exempt1 32