Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 72

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 72
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(519,164)1,327,534 (34,123)3,540,314 (553,287)Commercial (multi-family) mortgage backed securities3,134 (390)12,204 (365)15,338 (755)Collateralized mortgage obligations65,874 (18,841)7,428 (15)73,302 (18,856)Total available-for-sale securities$2,460,239 $(550,821)$1,430,683 $(35,307)$3,890,922 $(586,128)(1)None of our mortgage-backed securities are subprime.As of December 31, 2023Continuous unrealizedlosses existing for lessthan 12 monthsContinuous unrealizedlosses existing forgreater than 12 monthsTotal(In thousands)Fair valueUnrealizedlossesFair valueUnrealizedlossesFair valueUnrealizedlossesAvailable-for-sale securitiesU.S. government agencies$— $— $45,124 $(4,876)$45,124 $(4,876)Municipal36,519 (513)58,216 (3,485)94,735 (3,998)Corporate notes:Financial issuers— — 75,540 (8,456)75,540 (8,456)Other991 (9)— — 991 (9)Mortgage-backed: (1)Mortgage-backed securities333,879 (1,170)2,374,724 (445,614)2,708,603 (446,784)Commercial (multi-family) mortgage backed securities9,953 (289)— — 9,953 (289)Collateralized mortgage obligations— — 75,101 (16,012)75,101 (16,012)Total available-for-sale securities$381,342 $(1,981)$2,628,705 $(478,443)$3,010,047 $(480,424)(1)None of our mortgage-backed securities are subprime.The Company conducts a regular assessment of its investment securities to determine whether securities are experiencing credit losses. Factors for consideration include the nature of the securities, credit ratings or financial condition of the issuer, the extent of the unrealized loss, expected cash flows, market conditions and the Company’s ability to hold the securities through the anticipated recovery