Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 213

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 213
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,810 10 1 Interest rate contracts7,169 24 26 6,336 19 20 3,890 20 21 Risk participation agreements182 — — 99 — — 75 — — Equity warrants61 31 — 59 30 — 57 18 — Total$53,183 $91 $82 $43,890 $136 $76 $30,087 $66 $53 Margin— 156 (31)— 72 3 — 139 8 Total, including margin$53,183 $247 $51 $43,890 $208 $79 $30,087 $205 $61 (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 longer duration of MSR hedges.

42

The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in Other assets or Other liabilities on the Consolidated Balance Sheet, as summarized in the table below: March 31, 2025December 31, 2024March 31, 2024Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)(in millions)Derivatives subject to master netting arrangements:AssetsForeign currency contracts$— $— $— $1 $— $1 $1 $— $1 Forward contracts21 — 21 81 — 81 17 — 17 Interest rate contracts41 — 41 106 — 106 84 — 84 Margin156 — 156 72 — 72 139 — 139 Netting— (32)(32)— (52)(52)— (33)(33)$218 $(32)$186 $260 $(52)$208 $241 $(33)$208 LiabilitiesForeign currency contracts$—