Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 206

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 206
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 — — — — 437 Corporate debt securities— — — 78 226 82 — 386 Other— 1 8 2 40 1 17 69 Total AFS securities (1)$980 $10,671 $847 $510 $266 $83 $111 $13,468 Equity securitiesPreferred stock$— $— $— $— $50 $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 June 30, 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 June 30, 2025, by contractual maturities are shown below. MBS are shown separately as individual MBS are comprised of pools of loans with varying maturities.June 30, 2025Amortized CostEstimated Fair Value(in millions)Held-to-maturityDue in one year or less$24 $24 After one year through five years18 18 After five years through ten years173 162 After ten years1,154 1,026 Mortgage-backed securities171 138 Total HTM securities$1,540 $1,368 Available-for-saleDue in one year or less$1,632 $1,630 After one year through five years1,912 1,909 After five years through ten years840 828 After ten years4,356 4,276 Mortgage-backed securities8,754 8,255 Total AFS securities$17,494 $16,898 

18

The following table presents gross gains and losses on sales of investment securities: Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Available-for-sale securitiesGross gains$11.8