Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 230

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 230
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 deposits over $250,000 of $5.0 billion and $5.6 billion as of June 30, 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 June 30, 2025 is as follows: (in millions)2025$7,282 20262,878 202737 20285 20292 Thereafter1 Total$10,205 Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At June 30, 2025 and December 31, 2024, the Company held wholesale brokered deposits of $5.9 billion and $6.9 billion, respectively, excluding reciprocal deposits. In addition, WAB is a participant in the IntraFi Network, a network that offers deposit placement services such as CDARS and ICS, and other reciprocal deposit networks, which offer products that qualify large deposits for FDIC insurance. At June 30, 2025, the Company had $12.9 billion of reciprocal deposits, compared to $14.0 billion at December 31, 2024.In addition, deposits for which the Company provides account holders with earnings credits or referral fees totaled $25.0 billion and $20.7 billion at June 30, 2025 and December 31, 2024, respectively. Costs related to these deposits are primarily reported as Deposit costs in non-interest expense. Deposit costs included $142.8 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