Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 231

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 231
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 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 on the attributes of the collateralized loans and are defined in the repurchase agreement of each warehouse lender. The Company retains beneficial ownership of the transferred loans and will receive the loans from the lender upon full repayment of the borrowing. The repurchase agreements may require the Company to transfer additional assets to the lender in the event the estimated fair value of the existing transferred loans declines.As of June 30, 2025 and December 31, 2024, the Company had access to approximately $2.1 billion and $2.3 billion in uncommitted warehouse funding, respectively, of which no amounts were drawn.Other repurchase facilities include overnight customer repurchase agreements. The total carrying value of these repurchase agreements was zero and $14 million as of June 30, 2025 and December 31, 2024, respectively.Secured Borrow