Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 108

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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 loss or gain on the related interest rate swaps. For loans and AFS debt securities, the gain or loss on the hedged item is included in interest income, as shown in the table below.Three Months Ended September 30,20252024Income Statement ClassificationGain/(Loss) on SwapsGain/(Loss) on Hedged ItemGain/(Loss) on SwapsGain/(Loss) on Hedged Item(in millions)Interest income on loans, including fees$(5.9)$5.8 $(31.4)$31.2 Interest income on investment securities(25.7)24.4 — — Nine Months Ended September 30,20252024Income Statement ClassificationGain/(Loss) on SwapsGain/(Loss) on Hedged ItemGain/(Loss) on SwapsGain/(Loss) on Hedged Item(in millions)Interest income on loans, including fees$(101.4)$100.1 $(114.6)$115.1 Interest income on investment securities(64.1)64.7 — — In addition to the gains and losses on the Company's outstanding fair value hedges presented in the above table, the Company recognized $0.2 million and $0.3 million in interest income related to the amortization of the cumulative basis adjustment on its discontinued portfolio layer method hedges during the three and nine months ended September 30, 2025, respectively, and $3.0 million and $8.9 million related to its discontinued last-of-layer hedges for the respective periods in 2024.

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Fair Values, Volume of Activity, and Gain/Loss Information Related to Derivative InstrumentsThe following table summarizes the fair value of the Company's derivative instruments on a gross basis as of September 30, 2025, December 31, 2024, and September 30, 2024. The change in the notional amounts of these derivatives from September 30, 2024 to September 30, 2025 indicates the volume of the Company's derivative transaction activity during these periods. The derivative asset and liability balances are presented on a gross basis, prior to the application of bilateral collateral and master netting agreements. Total derivative assets and liabilities are adjusted to take into account the impact of legally enforceable master netting agreements that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related cash collateral. Where master netting agreements are not in effect