Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 106

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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 that allow the Company to settle all derivative contracts with the same counterparty on a net basis and to offset the net derivative position with the related cash collateral. Where master netting agreements are not in effect or are not enforceable under bankruptcy laws, the Company does not adjust those derivative amounts with counterparties.  June 30, 2025December 31, 2024June 30, 2024Fair ValueFair ValueFair ValueNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative LiabilitiesNotionalAmountDerivative AssetsDerivative Liabilities(in millions)Derivatives designated as hedging instruments:Fair value hedgesInterest rate contracts$6,033 $23 $56 $4,344 $97 $— $3,866 $78 $— Total$6,033 $23 $56 $4,344 $97 $— $3,866 $78 $— Derivatives not designated as hedging instruments:Foreign currency contracts$109 $1 $2 $69 $1 $1 $93 $— $— Forward contracts24,687 63 111 21,731 81 48 14,514 13 24 Futures contracts (1)15,690 — — 13,200 — — 8,544 — — Interest rate lock commitments2,947 24 — 2,396 5 7 2,781 10 2 Interest rate contracts7,984 32 34 6,336 19 20 4,487 21 22 Risk participation agreements226 — — 99 — — 74 — — Equity warrants63 33 — 59 30 — 59 22 — Total$51,706 $153 $147 $43,890 $136 $76 $30,552 $66 $48 Margin— 347 (41)— 72 3 — 121 1 Total, including margin$51,706 $500 $106 $43,890 $208 $79 $30,552 $187 $49 (1)The Company enters into futures purchase and sales contracts that are subject to daily remargining and almost all