Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 238

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 238
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 September 30, 2025 and 2024, respectively, and $441.8 million and $500.4 million, respectively, for the nine months ended September 30, 2025 and 2024.

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8. OTHER BORROWINGS The following table summarizes the Company’s other borrowings by type: September 30, 2025December 31, 2024(in millions)Short-Term:FHLB advances$900 $3,100 Repurchase agreements— 14 Secured borrowings62 37 Total short-term borrowings$962 $3,151 Long-Term:FHLB advances$2,500 $2,000 Credit linked notes, net400 422 Total long-term borrowings$2,900 $2,422 Total other borrowings$3,862 $5,573 Short-Term BorrowingsFederal Funds Lines of CreditThe Company maintains uncommitted overnight federal fund lines of credit, which have rates comparable to the federal funds effective rate plus 0.10% to 0.20%. There were no outstanding borrowings on federal fund lines of credit as of September 30, 2025 and December 31, 2024.FHLB and FRB AdvancesThe Company also maintains secured overnight lines of credit with the FHLB and the FRB. The Company’s borrowing capacity is determined based on collateral pledged at the time of the borrowing, generally consisting of investment securities and loans. As of September 30, 2025 and December 31, 2024, the Company had additional available credit with the FHLB of $10.3 billion and $8.7 billion respectively. The weighted average rate on short-term FHLB advances was 4.49% and 4.77% as of September 30, 2025 and December 31, 2024, respectively.Total available credit with the FRB was $17.1 billion and $12.4 billion as of September 30, 2025 and December 31, 2024, respectively, of which no amounts were drawn.Repurchase AgreementsWarehouse borrowing lines of credit are used to finance the acquisition of loans through the use of repurchase agreements. Repurchase agreements operate as financings under which the Company transfers loans to secure these borrowings. The borrowing amounts are based on the attributes of the collateralized loans and are defined in the repurchase agreement of each warehouse lender. The Company retains