Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 39

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 39
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 national and local economic conditions and the outlook for interest rates;

•competition for deposits;

•loan and deposit positions and forecasts, including any concentrations in either; and

•alternative borrowing costs from the FHLB or other sources.

11

The following table shows the Company's deposit composition: 

December 31,20242023AmountPercentAmountPercent(in millions)Non-interest-bearing demand deposits$18,846 28.4 %$14,520 26.2 %Interest-bearing transaction accounts15,878 23.9 15,916 28.8 Savings and money market accounts21,208 32.0 14,791 26.7 Time certificates of deposit ($250,000 or more)1,640 2.5 1,478 2.7 Other time deposits (1)8,769 13.2 8,628 15.6 Total deposits$66,341 100.0 %$55,333 100.0 %

(1)    Retail brokered time deposits over $250,000 of $5.6 billion and $5.8 billion as of December 31, 2024 and 2023, respectively, are included within Other time deposits as these deposits are generally participated out by brokers in shares below the FDIC insurance limit.

Although the Company does not pay interest to depositors of non-interest-bearing accounts, earnings credits and referral fees are awarded to certain account holders, which offset charges incurred by account holders for other services. Earnings credits and referral fees earned in excess of charges incurred by account holders are recorded in Deposit costs as part of non-interest expense and fluctuate as a result of eligible deposit balances and ECR rates on these deposit balances. 

In addition to the Company's deposit base, it has access to other sources of funding, including FHLB and FRB advances, Federal funds purchased, repurchase agreements, and secured and unsecured lines of credit with other financial institutions. Previously, the Company has also accessed the capital markets through trust preferred, credit linked note, subordinated debt, and Senior Note offerings. For additional information concerning the Company's deposits, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Balance Sheet Analysis – Deposits” in Item 7 of this Form 10-K. 

Other Financial Products and Services

In addition to traditional commercial banking activities, the Company offers other financial services to its customers, including internet banking, wire transfers