Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 252

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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December 31, 2024Increase (Decrease)(in millions)Debt securitiesResidential MBS issued by GSEs and GNMA$6,555 $5,831 $724 U.S. Treasury securities4,016 4,383 (367)Tax-exempt2,187 2,195 (8)Private label residential MBS1,132 1,123 9 CLO876 570 306 Commercial MBS issued by GSEs and GNMA546 437 109 Corporate debt securities385 386 (1)Other70 69 1 Total debt securities$15,767 $14,994 $773 Equity securitiesPreferred stock$86 $91 $(5)CRA investments27 26 1 Total equity securities$113 $117 $(4)

The fluctuations in Residential MBS issued by GSEs and GNMA, CLO, and U.S. Treasury securities balances from December 31, 2024 were primarily related to the Company's efforts to capitalize on changes in the yield curve and increase investment yields by shifting the investment portfolio mix from shorter term securities without changing the portfolio's overall liquidity. 

70

Loans HFS

The Company purchases and originates residential mortgage loans that are held for sale or securitization through its AmeriHome mortgage banking business channel. As of March 31, 2025, loans HFS totaled $3.2 billion, compared to $2.3 billion at December 31, 2024, an increase of $952 million primarily related to an increase in agency-conforming and non-EBO loans.

Loans HFI

The table below summarizes the distribution of the Company’s held for investment loan portfolio: 

March 31, 2025December 31, 2024Increase(Decrease)(in millions)Warehouse lending$8,186 $8,207 $(21)Municipal & nonprofit1,621 1,620 1 Tech & innovation3,427 3,383 44 Equity fund resources865 884 (19)Other commercial and industrial10,159 9,175 984 CRE - owner occupied1,637 1,675 (38)Hotel franchise finance3,894 3,815 79 Other CRE - non-owner occupied6,391 6,342 49 Residential13,007 12,961