Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 28

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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 31, 2025 and December 31, 2024, the Company also had wholesale brokered deposits of $6.2 billion and $6.9 billion, respectively.

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 

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these deposits for the three months ended March 31, 2025 and 2024, respectively. The decrease in these costs from the prior year is due to a decrease in average ECR related deposits and rates. 

The average balances and weighted average rates paid on deposits are presented below:

Three Months Ended March 31,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest bearing demand accounts$15,870 2.55 %$16,348 3.00 %Savings and money market accounts21,206 3.15 15,247 3.43 Certificates of deposit10,018 4.60 10,129 5.11 Total interest bearing deposits47,094 3.26 41,724 3.67 Non-interest bearing deposits22,097 — 18,183 — Total deposits$69,191 2.22 %$59,907 2.56 %

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 $615 million to $2.5 billion at March 31, 2025, from $3.2 billion at December 31, 2024, driven primarily