Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 285

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 285
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,725,539 $4,141,482 $3,979,814 $3,502,915 Held-to-maturity securitiesU.S. government agencies$313,539 $244,412 $336,468 $269,410 Municipal161,016 155,969 172,933 169,720 Mortgage-backed: (1)Residential mortgage-backed securities2,864,927 2,259,913 3,042,828 2,495,485 Commercial (multi-family) mortgage-backed securities6,364 6,112 6,415 6,231 Collateralized mortgage obligations211,023 189,155 241,075 220,551 Corporate notes56,851 54,989 57,544 54,071 Total held-to-maturity securities$3,613,720 $2,910,550 $3,857,263 $3,215,468 Less:  Allowance for credit losses(457)(347)Held-to-maturity securities, net of allowance for credit losses$3,613,263 $3,856,916 Equity securities with readily determinable fair value$220,758 $215,412 $143,312 $139,268 

(1)None of our mortgage-backed securities are subprime.

71

Tables presenting the carrying amounts and gross unrealized gains and losses for securities at December 31, 2024 and 2023 are included by reference to Note (3) “Investment Securities” to the Consolidated Financial Statements presented under Item 8 of this Annual Report on Form 10-K. 

The following table presents the carrying value of the investment securities portfolios as of December 31, 2024, by maturity distribution. Carrying value represents the fair value of investment securities classified as available-for-sale, the amortized cost of those classified as held-to-maturity and the fair value of equity securities with readily determinable fair values.

(In thousands)Within 1yearFrom 1 to5 yearsFrom 5 to10 yearsAfter 10yearsMortgage-backedEquity SecuritiesTotalAvailable-for-sale securitiesU.S. Treasury$35,902 $2,005 $— $— $— $— $37,907 U.S. government agencies— — 37,225 7,720 — —