Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 43

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 43
---
 right to purchase securities not currently held within the banks’ investment portfolios or enter into interest rate swaps in which the Company elects not to designate such derivatives as hedging instruments. These option and swap transactions are designed primarily to economically hedge a portion of the fair value adjustments related to the Company’s MSRs. The gain or loss associated with these derivative contracts is included in mortgage banking revenue. For more information regarding these hedges outstanding as of June 30, 2025 and June 30, 2024, see Note (14) “Derivative Financial Instruments” in Item 1 of this report.

25

(10) Deposits

The following table is a summary of deposits as of the dates shown: (Dollars in thousands)June 30,2025December 31,2024June 30,2024Balance:Non-interest-bearing$10,877,166 $11,410,018 $10,031,440 NOW and interest-bearing demand deposits6,795,725 5,865,546 5,053,909 Wealth management deposits1,595,764 1,469,064 1,490,711 Money market19,556,041 17,975,191 16,320,017 Savings6,659,419 6,372,499 5,882,179 Time certificates of deposit10,332,696 9,420,031 9,270,770 Total deposits$55,816,811 $52,512,349 $48,049,026 Mix:Non-interest-bearing19 %22 %21 %NOW and interest-bearing demand deposits12 11 11 Wealth management deposits3 3 3 Money market35 34 34 Savings12 12 12 Time certificates of deposit19 18 19 Total deposits100 %100 %100 %Wealth management deposits represent deposit balances (primarily money market accounts) at the Company’s subsidiary banks from brokerage customers of Wintrust Investments, LLC (“Wintrust Investments”), Chicago Deferred Exchange Company (“CDEC”) and trust and asset management customers of the Company.

(11) FHLB Advances, Other Borrowings and Subordinated Notes

The following table is a summary of FHLB advances, other borrowings and subordinated notes as of the dates shown:(In thousands)June 30,2025December 31,2024June 30,202