Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 199

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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, the effect of a variation in a particular assumption is calculated without changing any other assumptions, whereas a change in one factor may result in changes to another. Accordingly, no assurance can be given that actual results would be consistent with the results of these estimates. As a result, actual future changes in MSR values may differ significantly from those reported. 

6. OTHER ASSETS ACQUIRED THROUGH FORECLOSUREOther assets acquired through foreclosure consist primarily of properties acquired as a result of, or in-lieu-of, foreclosure. At March 31, 2025 and December 31, 2024, the Company had a repossessed asset balance of $51 million and $52 million, respectively, net of a valuation allowance of $5 million, as of each date.The majority of the repossessed asset balance at March 31, 2025 and December 31, 2024 related to a single office property. The Company held five properties at March 31, 2025 and December 31, 2024.

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7. DEPOSITSThe table below summarizes deposits by type: March 31, 2025December 31, 2024(in millions)Non-interest bearing deposits$22,009 $18,846 Interest bearing:Demand accounts15,507 15,878 Savings and money market accounts21,728 21,208 Time certificates of deposit ($250,000 or more)1,703 1,640 Other time deposits (1)8,375 8,769 Total deposits$69,322 $66,341 (1)    Retail brokered time deposits over $250,000 of $5.3 billion and $5.6 billion as of March 31, 2025 and December 31, 2024, respectively, are included within Other time deposits as these deposits are generally participated out by brokers in shares below the FDIC insurance limit.A summary of the contractual maturities for all time deposits as of March 31, 2025 is as follows: (in millions)2025$8,519 20261,532 202722 20283 20292 Thereafter— Total$10,078 Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At March 31, 2025 and December 31, 2024, the Company held wholesale brokered deposits of $6.2 billion and $6