Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 231

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 231
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 funds transfer pricing mismatches are allocable to the Corporate & Other segment and presented in net interest income.The net income amount for each reportable segment is further derived by the use of expense allocations. Certain expenses not directly attributable to a specific segment are allocated across all segments based on key metrics, such as number of employees, number of transactions processed for loans and deposits, and average loan and deposit balances. These types of expenses include information technology, operations, human resources, finance, risk management, credit administration, legal, and marketing.Income taxes are applied to each segment based on estimated effective tax rates. Any difference in the corporate tax rate and the aggregate effective tax rates in the segments are adjusted in the Corporate & Other segment.The assignment and allocation methodologies used in the segment reporting process discussed above change from time to time as systems are enhanced, methods for evaluating segment performance or product lines change or as business segments are realigned. 

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The following is a summary of operating segment information for the periods indicated:Balance Sheet:Consolidated CompanyCommercialConsumer RelatedCorporate & OtherAt March 31, 2025:(in millions)Assets:Cash, cash equivalents, and investment securities$19,147 $15 $— $19,132 Loans HFS3,238 — 3,238 — Loans HFI, net of deferred fees and costs54,761 32,529 22,232 — Less: allowance for credit losses(389)(330)(59)— Net loans HFI54,372 32,199 22,173 — Goodwill and other intangible assets, net656 291 365 — Other assets5,630 341 2,104 3,185 Total assets$83,043 $32,846 $27,880 $22,317 Liabilities:Deposits$69,322 $25,099 $37,636 $6,587 Borrowings and qualifying debt5,049 7 30 5,012 Other liabilities1,457 79 528 850 Total liabilities75,828 25,185 38,194 12,449 Allocated equity:7,215 3,441 2,355 1,419 Total liabilities and equity$83,043 $28,626 $40,549 $13,868 Excess funds provided (used)$— $(4,220)$