Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 179

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 179
---
29 $12 $91 CRA investments— 26 — — — — — 26 Total equity securities (1)$— $26 $— $— $50 $29 $12 $117 (1)For rated securities, if ratings differ, the Company uses an average of the available ratings by major credit agencies.A security is considered to be past due once it is 30 days contractually past due under the terms of the agreement. As of March 31, 2025, the Company did not have a significant amount of investment securities that were past due or on nonaccrual status.The amortized cost and fair value of the Company's debt securities as of March 31, 2025, by contractual maturities are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities.March 31, 2025Amortized CostEstimated Fair Value(in millions)Held-to-maturityDue in one year or less$27 $27 After one year through five years12 12 After five years through ten years165 153 After ten years1,158 1,027 Mortgage-backed securities174 140 Total HTM securities$1,536 $1,359 Available-for-saleDue in one year or less$3,706 $3,705 After one year through five years493 489 After five years through ten years627 614 After ten years1,462 1,364 Mortgage-backed securities8,579 8,059 Total AFS securities$14,867 $14,231 

17

The following table presents gross gains and losses on sales of investment securities: Three Months Ended March 31,20252024(in millions)Available-for-sale securitiesGross gains$2.1 $0.9 Gross losses— (1.8)Net gain (loss) on AFS securities$2.1 $(0.9)During the three months ended March 31, 2025, the Company sold AFS securities with a carrying value of $410 million and recognized a net gain of $2.1 million as U.S. Treasury securities and MBS were sold to secure gains. During the three months ended March 31, 2024, the Company sold securities with a carrying value of $1.4