Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 108

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 108
---
345,184 3.81 7-9 months2,694,739 3.72 10-12 months711,206 3.62 13-18 months210,063 3.03 19-24 months87,336 2.72 24+ months74,589 2.47 Total$9,968,237 3.94 %

The following table sets forth, by category, the composition of average deposit balances and the relative percentage of total average deposits for the periods presented:

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024(Dollars in thousands)BalancePercentBalancePercentBalancePercentNon-interest-bearing$10,732,156 21 %$10,718,738 21 %$9,972,646 22 %NOW and interest-bearing demand deposits6,046,189 11 5,601,672 11 5,680,265 13 Wealth management deposits1,574,480 3 1,430,163 3 1,510,203 3 Money market17,581,141 34 17,579,395 34 14,474,492 33 Savings6,479,444 13 6,288,727 12 5,792,118 13 Time certificates of deposit9,406,126 18 9,702,948 19 7,148,456 16 Total average deposits$51,819,536 100 %$51,321,643 100 %$44,578,180 100 %

Total average deposits for the first quarter of 2025 were $51.8 billion, an increase of $7.2 billion, or 16%, from the first quarter of 2024. Total deposits increased in the first quarter of 2025 as compared to the first quarter of 2024 primarily as a result of the Company’s increased marketing efforts to retain and attract deposits to support continued loan growth, the Macatawa acquisition and the diversity of our deposit base. 

65

Wealth management deposits are funds from the brokerage customers of Wintrust Investments, CDEC and trust and asset management customers of the Company which have been placed into deposit accounts of the banks (“wealth management deposits” in the table above). Wealth Management deposits consist primarily of money market accounts. Consistent with reasonable interest rate risk