Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 70

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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ortized CostEstimated Fair Value(in millions)Held-to-maturityDue in one year or less$15 $15 After one year through five years20 21 After five years through ten years190 179 After ten years1,138 1,014 Mortgage-backed securities169 138 Total HTM securities$1,532 $1,367 Available-for-saleDue in one year or less$1,393 $1,395 After one year through five years2,118 2,118 After five years through ten years683 674 After ten years4,334 4,312 Mortgage-backed securities9,175 8,731 Total AFS securities$17,703 $17,230 The following table presents gross gains and losses on sales of investment securities: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Available-for-sale securitiesGross gains$8.6 $8.8 $22.5 $12.4 Gross losses(0.1)— (0.1)(2.2)Net gain on AFS securities$8.5 $8.8 $22.4 $10.2 Equity securitiesGross gains $— $— $0.2 $— Gross losses— — (0.6)— Net loss on equity securities$— $— $(0.4)$— During the three and nine months ended September 30, 2025, the Company sold AFS securities with a carrying value of $2.2 billion and $4.8 billion, respectively, and recognized a net gain of $8.5 million and $22.4 million, respectively. U.S. Treasury securities and MBS were sold to secure gains, including hedged U.S. Treasury securities sold as part of interest rate swap terminations that resulted in a $16.2 million gain. See "Note 12. Derivatives and Hedging Activities" for further discussion of the interest rate swap. During the three and nine months ended September 30, 2024, the Company sold securities with a carrying value of $2.3 billion and $4.0 billion, respectively, and recognized a net gain of $8.8 million and $10.2