Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 106

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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54,134 Mortgage servicing rights1,241 — — 1,241 1,241 Accrued interest receivable379 — 379 — 379 Financial liabilities:Deposits$69,322 $— $69,364 $— $69,364 Other borrowings4,151 — 4,126 — 4,126 Qualifying debt898 — 789 76 865 Derivative liabilities (1)88 — 87 1 88 Accrued interest payable143 — 143 — 143 (1)    Derivative assets and liabilities exclude margin of $156 million and $(31) million, respectively.

53

December 31, 2024Carrying AmountFair ValueLevel 1Level 2Level 3Total(in millions)Financial assets:Investment securities:HTM$1,526 $— $1,309 $— $1,309 AFS13,468 4,385 9,083 — 13,468 Equity securities117 117 — — 117 Derivative assets (1)233 — 198 35 233 Loans HFS2,286 — 2,259 27 2,286 Loans HFI, net53,302 — — 53,070 53,070 Mortgage servicing rights1,127 — — 1,127 1,127 Accrued interest receivable362 — 362 — 362 Financial liabilities:Deposits$66,341 $— $66,393 $— $66,393 Other borrowings5,573 — 5,545 — 5,545 Qualifying debt899 — 789 78 867 Derivative liabilities (1)76 — 69 7 76 Accrued interest payable138 — 138 — 138 (1)    Derivative assets and liabilities exclude margin of $72 million and $3 million, respectively.Interest rate riskThe Company assumes interest rate risk (the risk to the Company’s earnings and capital from changes in interest rate levels) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments, as well as its future net interest income, will change