Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 77

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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SThe table below summarizes deposits by type: March 31, 2025December 31, 2024(in millions)Non-interest bearing deposits$22,009 $18,846 Interest bearing:Demand accounts15,507 15,878 Savings and money market accounts21,728 21,208 Time certificates of deposit ($250,000 or more)1,703 1,640 Other time deposits (1)8,375 8,769 Total deposits$69,322 $66,341 (1)    Retail brokered time deposits over $250,000 of $5.3 billion and $5.6 billion as of March 31, 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 March 31, 2025 is as follows: (in millions)2025$8,519 20261,532 202722 20283 20292 Thereafter— Total$10,078 Brokered deposits provide an additional source of deposits and are placed with the Bank through third-party brokers. At March 31, 2025 and December 31, 2024, the Company held wholesale brokered deposits of $6.2 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 March 31, 2025, the Company had $13.3 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 $24.1 billion and $20.7 billion at March 31, 2025 and December 31, 2024, respectively. Costs related to these deposits are primarily reported as Deposit costs in non-interest expense. Deposit costs included $129.9 million and $131.2 million in deposit related costs on these deposits for the three months ended March 31, 2025 and 2024, respectively.

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8. OTHER BORROWINGS The following table summarizes the Company’s other