Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 109

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 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 36 38 6,336 19 20 5,317 28 29 Risk participation agreements239 — — 99 — — 96 — — Equity warrants59 34 — 59 30 — 56 21 — Total$61,511 $117 $101 $43,890 $136 $76 $33,702 $83 $69 Margin— 378 (43)— 72 3 — 280 (4)Total, including margin$61,511 $495 $58 $43,890 $208 $79 $33,702 $363 $65 (1)The Company enters into futures purchase and sales contracts that are subject to daily remargining and almost all of which are based on three-month SOFR to hedge against its MSR valuation exposure. The notional amount on these contracts is substantial as these contracts have a short duration and are intended to cover the