Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 24

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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-exempt2,165 2,195 (30)CLO1,901 570 1,331 Private label residential MBS1,161 1,123 38 Commercial MBS issued by GSEs and GNMA599 437 162 Corporate debt securities374 386 (12)Other68 69 (1)Total debt securities$18,491 $14,994 $3,497 Equity securitiesPreferred stock$63 $91 $(28)Common stock32 — 32 CRA investments27 26 1 Total equity securities$122 $117 $5 

The increase in total debt securities of $3.5 billion from December 31, 2024 was primarily driven by increases in CLOs, U.S. Treasury securities, and Residential MBS issued by GSEs and GNMA. Investments in CLOs increased $1.3 billion from December 31, 2024 as the Company shifted its investment mix towards higher yielding securities amid favorable market conditions. Growth in U.S. Treasury securities and Residential MBS issued by GSEs and GNMA from December 31, 2024 reflects the Company's continued efforts to boost holdings of high-quality liquid assets.

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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 June 30, 2025, loans HFS totaled $3.0 billion, compared to $2.3 billion at December 31, 2024, an increase of $736 million primarily related to an increase in non-EBO and agency-conforming loans.

Loans HFI

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

June 30, 2025December 31, 2024Increase(Decrease)(in millions)Warehouse lending$8,574 $8,207 $367 Municipal & nonprofit1,634 1,620 14 Tech & innovation3,609 3,383 226 Equity fund resources857 884 (27)Other commercial and industrial10,474 9,175 1,299 CRE - owner occupied1,598 1,675 (77)Hotel franchise finance3,929 3,815 114 Other CRE - non-owner occupied6,552 6,342