Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 200

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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.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 March 31, 2025, the Company had $13.3 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 $24.1 billion and $20.7 billion at March 31, 2025 and December 31, 2024, respectively. Costs related to these deposits are primarily reported as Deposit costs in non-interest expense. Deposit costs included $129.9 million and $131.2 million in deposit related costs on these deposits for the three months ended March 31, 2025 and 2024, respectively.

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8. OTHER BORROWINGS The following table summarizes the Company’s other borrowings by type: March 31, 2025December 31, 2024(in millions)Short-Term:FHLB advances$2,500 $3,100 Repurchase agreements7 14 Secured borrowings29 37 Total short-term borrowings$2,536 $3,151 Long-Term:FHLB advances$1,200 $2,000 Credit linked notes, net415 422 Total long-term borrowings$1,615 $2,422 Total other borrowings$4,151 $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 March 31, 2025.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 March 31, 2025 and December 31, 2024, the Company had additional available credit with the FHLB of approximately $10.0 billion and $8.7 billion respectively. The weighted average rate on short-term FHLB advances