Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 94

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 94
---
 contractual maturities for all time deposits as of September 30, 2025 is as follows: (in millions)2025$4,307 20264,944 2027310 20286 20292 Thereafter1 Total$9,570 Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At September 30, 2025 and December 31, 2024, the Company held wholesale brokered deposits of $5.4 billion and $6.9 billion, respectively, excluding reciprocal deposits. In addition, WAB is a participant in the IntraFi Network, a network that offers deposit placement services such as CDARS and ICS, and other reciprocal deposit networks, which offer products that qualify large deposits for FDIC insurance. At September 30, 2025, the Company had $13.1 billion of reciprocal deposits, compared to $14.0 billion at December 31, 2024.In addition, deposits for which the Company provides account holders with earnings credits or referral fees totaled $28.0 billion and $20.7 billion at September 30, 2025 and December 31, 2024, respectively. Costs related to these deposits are primarily reported as Deposit costs in non-interest expense. Deposit costs included $169.2 million and $201.7 million in deposit related costs on these deposits for the three months ended 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.

33

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