Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 177

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 177
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$— $11.6 Three Months Ended March 31, 2024Balance, December 31, 2023Provision for Credit LossesCharge-offsRecoveriesBalance March 31, 2024(in millions)Held-to-maturity debt securitiesTax-exempt$7.8 $0.4 $— $— $8.2 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. Accrued interest receivable on HTM debt securities totaled $5 million at March 31, 2025 and December 31, 2024 and is excluded from the estimate of expected credit losses.The following tables summarize the carrying amount of the Company’s investment ratings position, which are updated quarterly and used to monitor the credit quality of the Company's securities: March 31, 2025AAASplit-rated AAA/AA+AA+ to AA-A+ to A-BBB+ to BBB-BB+ and belowUnratedTotals(in millions)Held-to-maturityTax-exempt$— $— $— $— $— $— $1,362 $1,362 Private label residential MBS— — — — — — 174 174 Total HTM securities (1)$— $— $— $— $— $— $1,536 $1,536 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$— $6,555 $— $— $— $— $— $6,555 U.S. Treasury securities— 4,016 — — — — — 4,016 Private label residential MBS931 — 27 — — — — 958 CLO58 — 582 236 — — — 876 Tax-exempt8 19 336 367 — — 95 825 Commercial MBS issued by GSEs and GNMA— 546 — — — — — 546 Corporate debt securities— — — 78 224 83 — 385 Other— 3 8 2 40 1 16 70 Total AFS