Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 35

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 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. During the six months ended June 30, 2025 and 2024, the Company incurred $272.7 million and $298.6 million, respectively, in deposit related costs on these deposits. The decrease in these costs from the same periods in the prior year was due to a decrease in average ECR related deposits and rates. 

The average balances and weighted average rates paid on deposits are presented below:

Three Months Ended June 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest bearing demand accounts$15,707 2.48 %$17,276 3.05 %Savings and money market accounts21,736 3.15 16,579 3.55 Certificates of deposit10,084 4.38 10,427 5.12 Total interest bearing deposits47,527 3.19 44,282 3.73 Non-interest bearing deposits23,569 — 20,996 — Total deposits$71,096 2.13 %$65,278 2.53 %

Six Months Ended June 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest-bearing demand accounts$15,788 2.52 %$16,812 3.03 %Savings and money market accounts21,473 3.15 15,913 3.49 Certificates of deposit10,051 4.49 10,278 5.12 Total interest-bearing deposits47,312 3.22 43,003 3.70 Non-interest-bearing deposits22,837 — 19,589 — Total deposits$70,149 2.17 %$62,592 2.54 %

Other Borrowings

Short-Term Borrowings

The Company utilizes short-term borrowed funds to support short-term liquidity needs. The majority of these short-term borrowed funds consist of advances from the FHLB, repurchase agreements