Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 170

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 170
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17 16,644 3.55 Certificates of deposit10,076 4.39 10,230 5.11 Total interest-bearing deposits48,072 3.21 43,567 3.72 Non-interest-bearing deposits24,051 — 21,284 — Total deposits$72,123 2.14 %$64,851 2.50 %

81

Other Borrowings

Short-Term Borrowings

The Company utilizes short-term borrowed funds to support short-term liquidity needs. The majority of these short-term borrowed funds consist of advances from the FHLB, repurchase agreements, and federal funds purchased from correspondent banks or the FHLB. The Company’s borrowing capacity with the FHLB is determined based on collateral pledged, generally consisting of securities and loans. In addition, the Company has repurchase facilities, collateralized by securities or loans sold under agreements to repurchase, including assets sold under agreements to repurchase, which are reflected at the amount of cash received in connection with the transaction, and may require additional collateral based on the fair value of the underlying assets. Total short-term borrowings decreased $2.2 billion to $1.0 billion at September 30, 2025, from $3.2 billion at December 31, 2024 as deposit growth facilitated a reduction in overnight borrowings. 

Long-Term Borrowings

The Company's long-term borrowings consist of long-term FHLB borrowings and credit linked notes, inclusive of issuance costs. Total long-term borrowings increased $478 million to $2.9 billion at September 30, 2025, from $2.4 billion at December 31, 2024, driven primarily by an increase in long-term FHLB advances.

Qualifying Debt

Qualifying debt consists of subordinated debt and junior subordinated debt, inclusive of issuance costs and fair market value adjustments. At September 30, 2025, the carrying value of qualifying debt decreased $218 million to $681 million from $899 million at December 31, 2024, driven primarily by the redemption of $225 million of subordinated debt during the nine months ended September 30, 2025.

Equity

Total equity of $7.7 billion at September 30, 2025 increased $983 million, or 14.7%, from December 31, 2024. This change was primarily attributable to net income of $697.4 million