Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 90

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 the related cash collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties.  March 31, 2025December 31, 2024March 31, 2024Fair ValueFair ValueFair ValueNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative Liabilities(in millions)Derivatives designated as hedging instruments:Fair value hedgesInterest rate contracts$4,335 $38 $6 $4,344 $97 $— $3,884 $67 $— Total$4,335 $38 $6 $4,344 $97 $— $3,884 $67 $— Derivatives not designated as hedging instruments:Foreign currency contracts$99 $1 $— $69 $1 $1 $165 $1 $1 Forward contracts28,268 21 55 21,731 81 48 13,970 17 30 Futures contracts (1)14,715 — — 13,200 — — 10,120 — — Interest rate lock commitments2,689 14 1 2,396 5 7 1,810 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