Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 229

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 229
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Rs caused by assumed immediate changes in the below inputs that are used to determine fair value:June 30, 2025(in millions)Fair value of mortgage servicing rights$1,044 Increase (decrease) in fair value resulting from:Interest rate change of 50 basis pointsAdverse change(92)Favorable change76 Option adjusted spread change of 50 basis pointsIncrease(23)Decrease24 Conditional prepayment rate change of 1%Increase(34)Decrease38 Cost to service change of 10%Increase(9)Decrease10 

Sensitivities are hypothetical changes in fair value and cannot be extrapolated because the relationship of changes in assumptions to changes in fair value may not be linear. In addition, the offsetting effect of hedging activities are not contemplated in these results and further, the effect of a variation in a particular assumption is calculated without changing any other assumptions, whereas a change in one factor may result in changes to another. Accordingly, no assurance can be given that actual results would be consistent with the results of these estimates. As a result, actual future changes in MSR values may differ significantly from those reported. 

6. OTHER ASSETS ACQUIRED THROUGH FORECLOSUREOther assets acquired through foreclosure consist primarily of properties acquired as a result of, or in-lieu-of, foreclosure. At June 30, 2025 and December 31, 2024, the Company had a repossessed asset balance of $218 million and $52 million, respectively, net of a valuation allowance of $6 million and $5 million, respectively.

The Company held eleven properties at June 30, 2025 compared to five at December 31, 2024. The majority of the repossessed asset balance at June 30, 2025 and December 31, 2024 related to office properties. 

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7. DEPOSITSThe table below summarizes deposits by type: June 30, 2025December 31, 2024(in millions)Non-interest bearing deposits$22,997 $18,846 Interest bearing:Demand accounts15,674 15,878 Savings and money market accounts22,231 21,208 Time certificates of deposit ($250,000 or more)1,892 1,640 Other time deposits (1)8,313 8,769 Total deposits$71,107 $66,341 (1)    Retail brokered time