Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 118

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 118
---
 December 31, 2024: 

Outstanding Balance(in millions)Unsecured fed funds credit lines at correspondent banks$— 

The Company also plans for potential funding needs related to operating expenses, which in some cases involve contracts that contain penalties for early termination. Further, the Company has entered into certain letters of credit or other commitments to extend credit to customers of the Bank. 

The following table sets forth the Company's significant contractual obligations as of December 31, 2024: 

Payments Due by PeriodTotalLess Than 1 Year1-3 Years3-5 YearsAfter 5 Years(in millions)Time deposit maturities$10,409 $9,861 $545 $3 $— Qualifying debt907 — — — 907 Other borrowings5,585 3,178 2,051 47 309 Operating lease obligations175 32 58 52 33 Total$17,076 $13,071 $2,654 $102 $1,249 

59

Off-balance sheet commitments associated with outstanding letters of credit, commitments to extend credit, and credit card guarantees as of December 31, 2024 are summarized below. Since commitments associated with letters of credit and commitments to extend credit may expire unused, the amounts shown do not necessarily reflect the actual future cash funding requirements.

Amount of Commitment Expiration per PeriodTotal Amounts CommittedLess Than 1 Year1-3 Years3-5 YearsAfter 5 Years(in millions)Commitments to extend credit$13,546 $3,298 $5,465 $2,279 $2,504 Credit card commitments and financial guarantees585 585 — — — Letters of credit437 179 29 137 92 Total$14,568 $4,062 $5,494 $2,416 $2,596 

The following table sets forth certain information regarding short-term borrowings: 

December 31,202420232022(dollars in millions)Repurchase Agreements:Maximum month-end balance$205 $2,614 $523 Balance at end of year14 6 27 Average balance15 1,076 76 Federal Funds PurchasedMaximum month-end balance210 745 1,860 Balance at end of year— 175 640 Average balance17 127 568 FHLB