Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 119

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 119
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 Advances:Maximum month-end balance6,300 11,000 6,000 Balance at end of year3,100 6,200 4,300 Average balance3,375 3,732 2,526 FRB Advances:Maximum month-end balance— 1,300 — Balance at end of year— — — Average balance— 1,962 — Warehouse borrowings:Maximum month-end balance416 2,101 160 Balance at end of year— 376 — Average balance372 855 201 Total Short-Term Borrowed Funds$3,114 $6,757 $4,967 Weighted average interest rate at end of year4.75 %5.72 %4.64 %Weighted average interest rate during year5.60 5.58 2.28 

The Company has also committed to irrevocably and unconditionally guarantee the payments or distributions with respect to the holders of preferred securities of the Company's eight statutory business trusts to the extent the trusts have not made such payments or distributions, including: 1) accrued and unpaid distributions; 2) the redemption price; and 3) upon a dissolution or termination of the trust, the lesser of the liquidation amount and all accrued and unpaid distributions and the amount of assets of the trust remaining available for distribution. The Company does not believe these off-balance sheet arrangements have or are reasonably likely to have a material effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources. However, there can be no assurance such arrangements will not have a future effect.

The Company has a formal liquidity policy and, in the opinion of management, its liquid assets are considered adequate to meet financial obligations and support client activity during normal and stressed operating conditions. At December 31, 2024, the Company held $15.9 billion in liquid assets, comprised of $3.3 billion in cash on deposit at the FRB and $12.6 billion in liquid securities not currently used as collateral for borrowings or other purposes.

The Parent maintains liquidity that would be sufficient to fund its operations and certain non-bank affiliate operations for an extended period should funding from normal sources be disrupted. In the Company's analysis of Parent liquidity, it is assumed 

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the Parent is unable to generate funds from additional debt or equity issuances