Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 252

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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0 million and $8.9 million related to its discontinued last-of-layer hedges for the respective periods in 2024.

42

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 or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties.  September 30, 2025December 31, 2024September 30, 2024Fair ValueFair ValueFair ValueNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative Liabilities(in millions)Derivatives designated as hedging instruments:Fair value hedgesInterest rate contracts$5,868 $17 $81 $4,344 $97 $— $4,852 $14 $51 Total$5,868 $17 $81 $4,344 $97 $— $4,852 $14 $51 Derivatives not designated as hedging instruments:Foreign currency contracts$493 $6 $3 $69 $1 $1 $101 $1 $— Forward contracts28,101 27 59 21,731 81 48 17,889 20 38 Futures contracts (1)20,330 — — 13,200 — — 7,400 — — Interest rate lock commitments2,699 14 1 2,396 5 7 2,843 13 2 Interest rate contracts9,590