Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 92

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 million and $167.4 million in deposit related costs on these deposits for the three months ended June 30, 2025 and 2024, respectively, and $272.7 million and $298.6 million, respectively, for the six months ended June 30, 2025 and 2024.

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8. OTHER BORROWINGS The following table summarizes the Company’s other borrowings by type: June 30, 2025December 31, 2024(in millions)Short-Term:FHLB advances$3,100 $3,100 Repurchase agreements— 14 Secured borrowings44 37 Total short-term borrowings$3,144 $3,151 Long-Term:FHLB advances$2,500 $2,000 Credit linked notes, net408 422 Total long-term borrowings$2,908 $2,422 Total other borrowings$6,052 $5,573 Short-Term BorrowingsFederal Funds Lines of CreditThe Company maintains uncommitted overnight federal fund lines of credit, which have rates comparable to the federal funds effective rate plus 0.10% to 0.20%. There were no outstanding borrowings on federal fund lines of credit as of June 30, 2025 and December 31, 2024.FHLB and FRB AdvancesThe Company also maintains secured overnight lines of credit with the FHLB and the FRB. The Company’s borrowing capacity is determined based on collateral pledged at the time of the borrowing, generally consisting of investment securities and loans. As of June 30, 2025 and December 31, 2024, the Company had additional available credit with the FHLB of approximately $8.1 billion and $8.7 billion respectively. The weighted average rate on short-term FHLB advances was 4.64% and 4.77% as of June 30, 2025 and December 31, 2024, respectively.Total available credit with the FRB was $16.8 billion and $12.4 billion as of June 30, 2025 and December 31, 2024, respectively, of which no amounts were drawn.Repurchase AgreementsWarehouse borrowing lines of credit are used to finance the acquisition of loans through the use of repurchase agreements. Repurchase agreements operate as financings under which the Company transfers loans to secure these borrowings. The borrowing amounts are based