Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 68

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 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 

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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 $2.7 $13.9 $3.6 Gross losses— (0.4)— (2.2)Net gain on AFS securities$11.8 $2.3 $13.9 $1.4 Equity securitiesGross gains $0.2 $— $0.2 $— Gross losses(0.6)— (0.6)— Net loss on equity securities$(0.4)$— $(0.4)$— During the three and six months ended June 30, 2025, the Company sold AFS securities with a carrying value of $2.4 billion and $2.8 billion, respectively, and recognized a net gain of $11.8 million and $13.9 million, respectively. U.S. Treasury securities and MBS were sold to secure gains, including hedged U.S. Treasury securities sold as part of an interest rate swap termination that resulted in a $7.7 million gain. See "Note 12. Derivatives and Hedging Activities" for further discussion of the interest rate swap. During the three and six months ended June 30, 2024, the Company sold securities with a carrying value of $329 million and $1.7 billion, respectively, and recognized a net gain of $2.3 million and $1.4 million, respectively. CLOs were sold as part of the Company's efforts to shift the investment portfolio mix toward high quality liquid assets.

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3. LOANS HELD FOR SALE