Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 51

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 — (38)138 Total HTM securities$1,526 $1 $(218)$1,309 Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$6,225 $16 $(410)$5,831 U.S. Treasury securities4,385 1 (3)4,383 Private label residential MBS1,148 — (201)947 Tax-exempt921 — (76)845 CLO570 — — 570 Commercial MBS issued by GSEs and GNMA447 1 (11)437 Corporate debt securities407 — (21)386 Other75 1 (7)69 Total AFS debt securities$14,178 $19 $(729)$13,468 In addition, the Company held equity securities, which primarily consisted of preferred stock and CRA investments, with a fair value of $113 million and $117 million at March 31, 2025 and December 31, 2024, respectively. Unrealized losses of $1.3 million and unrealized gains of $3.9 million on equity securities for the three months ended March 31, 2025 and 2024, respectively, were recognized in earnings as a component of Fair value gain adjustments, net. Securities with carrying amounts of approximately $4.7 billion and $4.0 billion at March 31, 2025 and December 31, 2024, respectively, were pledged for various purposes as required or permitted by law.

13

The following tables summarize the Company's AFS debt securities in an unrealized loss position, aggregated by major security type and length of time in a continuous unrealized loss position: March 31, 2025Less Than Twelve MonthsMore Than Twelve MonthsTotalGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair Value(in millions)Available-for-sale debt securitiesResidential MBS issued by GSEs and GNMA$5 $1,195 $357 $1,489 $362 $2,684 U.S. Treasury securities2 2,557 — — 2 2,557 Private label residential MBS— — 181 942 181 942 Tax-exempt— — 93 750 93 750 CLO1 372