Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 166

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 166
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 bearing deposits23,569 — 20,996 — Total deposits$71,096 2.13 %$65,278 2.53 %

Six Months Ended June 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest-bearing demand accounts$15,788 2.52 %$16,812 3.03 %Savings and money market accounts21,473 3.15 15,913 3.49 Certificates of deposit10,051 4.49 10,278 5.12 Total interest-bearing deposits47,312 3.22 43,003 3.70 Non-interest-bearing deposits22,837 — 19,589 — Total deposits$70,149 2.17 %$62,592 2.54 %

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 $7 million to $3.1 billion at June 30, 2025, from $3.2 billion at December 31, 2024. 

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 $486 million to $2.9 billion at June 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 June 30, 2025, the carrying value of qualifying debt decreased $221 million to $678 million from $899 million at December 31, 2024,