Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 284

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 284
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 and the out-sourced firm clears customer transactions relating to the sale of securities not yet purchased, substantially all of which are transacted on a margin basis subject to individual exchange regulations. Such transactions may expose Wintrust Investments to off-balance-sheet risk, particularly in volatile trading markets, in the event margin requirements are not sufficient to fully cover losses that customers may incur. In the event a customer fails to satisfy its obligations, Wintrust Investments under an agreement with the out-sourced securities firm, may be required to purchase or sell financial instruments at prevailing market prices to fulfill the customer's obligations. Wintrust Investments seeks to control the risks associated with its customers’ activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. Wintrust Investments monitors required margin levels daily and, pursuant to such guidelines, requires customers to deposit additional collateral or to reduce positions when necessary.

Investment Securities Portfolio

Supplemental Statistical Data

The following statistical information is provided in accordance with the requirements of  Regulation S-K as promulgated by the SEC. This data should be read in conjunction with the Company’s Consolidated Financial Statements and notes thereto, and Management’s Discussion and Analysis which are contained in Item 8 and Item 7, respectively, of this Annual Report on Form 10-K.

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The following table presents the amortized cost and fair value of the Company’s investment securities portfolios, by investment category, as of December 31, 2024, and 2023: 

(In thousands)20242023AmortizedCostFairValueAmortizedCostFairValueAvailable-for-sale securitiesU.S. Treasury$37,858 $37,907 $6,960 $6,968 U.S. government agencies50,000 44,945 50,000 45,124 Municipal188,405 184,593 144,299 140,958 Corporate notes:Financial issuers83,997 80,169 83,996 75,540 Other1,000 993 1,000 991 Mortgage-backed: (1)Residential mortgage-backed securities4,106,641 3,553,638 3,505,012 3,059,620 Commercial (multi-family) mortgage-backed securities19,064 18,332 13,201 12,980 Collateralized mortgage obligations238,574 220,905 175,346 160,734 Total available-for-sale securities$4