Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 313

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 313
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The average balances and weighted average rates paid on deposits are presented below:

Three Months Ended September 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest bearing demand accounts$16,071 2.50 %$16,456 3.05 %Savings and money market accounts23,373 3.21 18,092 3.66 Certificates of deposit10,124 4.21 10,134 5.09 Total interest bearing deposits49,568 3.19 44,682 3.76 Non-interest bearing deposits26,438 — 24,638 — Total deposits$76,006 2.08 %$69,320 2.42 %

Nine Months Ended September 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest-bearing demand accounts$15,883 2.51 %$16,693 3.04 %Savings and money market accounts22,113 3.17 16,644 3.55 Certificates of deposit10,076 4.39 10,230 5.11 Total interest-bearing deposits48,072 3.21 43,567 3.72 Non-interest-bearing deposits24,051 — 21,284 — Total deposits$72,123 2.14 %$64,851 2.50 %

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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, and federal funds purchased from correspondent banks or the FHLB. The Company’s borrowing capacity with the FHLB is determined based on collateral pledged, generally consisting of securities and loans. In addition, the Company has repurchase facilities, collateralized by securities or loans sold under agreements to repurchase, including assets sold under agreements to repurchase, which are reflected at the amount of cash received in connection with the transaction, and may require additional collateral based on the fair value of the underlying assets. Total short-term borrowings decreased $2.2 billion to $1.0 billion at September 30, 2025, from $3.2 billion at December 31, 2024 as deposit growth facilitated a reduction in overnight borrowings. 

Long-Term Borrowings

The Company's long-term