Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 21

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 21
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100,753 Premium finance receivables—life insurance8,506,960 8,147,145 7,962,115 Consumer and other116,505 99,562 87,356     Total loans, net of unearned income$51,041,679 $48,055,037 $44,675,531 Mix:Commercial32 %32 %31 %Commercial real estate26 27 27 Home equity1 1 1 Residential real estate8 8 7 Premium finance receivables—property & casualty16 15 16 Premium finance receivables—life insurance17 17 18 Consumer and other0 0 0 Total loans, net of unearned income100 %100 %100 %The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses, which, for the commercial and commercial real estate portfolios, are located primarily within the geographic market areas that the banks serve. Various niche lending businesses, including franchise lending and insurance agency lending, operate on a national level. The premium finance receivables portfolios are made to customers throughout the United States and Canada. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower, and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries.Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $284.0 million at June 30, 2025, $267.7 million at December 31, 2024 and $248.3 million at June 30, 2024.Total loans, excluding purchased credit deteriorated (“PCD”) loans, include net deferred loan fees and costs and fair value purchase accounting adjustments totaling $67.6 million at June 30, 2025, $78.2 million at December 31, 2024 and $89.6 million at June 30, 2024. It is the policy of the Company to review each prospective credit in order to determine the appropriateness and, when required, the adequacy of security or collateral necessary to obtain when making a loan. The type of collateral, when required, will vary from liquid assets to real estate. The Company seeks to ensure access to collateral, in the event of default, through adherence to