Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 91

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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5 compared to five at December 31, 2024. The majority of the repossessed asset balance at June 30, 2025 and December 31, 2024 related to office properties. 

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7. DEPOSITSThe table below summarizes deposits by type: June 30, 2025December 31, 2024(in millions)Non-interest bearing deposits$22,997 $18,846 Interest bearing:Demand accounts15,674 15,878 Savings and money market accounts22,231 21,208 Time certificates of deposit ($250,000 or more)1,892 1,640 Other time deposits (1)8,313 8,769 Total deposits$71,107 $66,341 (1)    Retail brokered time deposits over $250,000 of $5.0 billion and $5.6 billion as of June 30, 2025 and December 31, 2024, respectively, are included within Other time deposits as these deposits are generally participated out by brokers in shares below the FDIC insurance limit.A summary of the contractual maturities for all time deposits as of June 30, 2025 is as follows: (in millions)2025$7,282 20262,878 202737 20285 20292 Thereafter1 Total$10,205 Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At June 30, 2025 and December 31, 2024, the Company held wholesale brokered deposits of $5.9 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 June 30, 2025, the Company had $12.9 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 $25.0 billion and $20.7 billion at June 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 $142.8