Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 101

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 101
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2022.

(10) Deposits

The following is a summary of deposits at December 31, 2024 and 2023:(Dollars in thousands)20242023Balance:Non-interest bearing$11,410,018 $10,420,401 NOW and interest-bearing demand deposits5,865,546 5,797,649 Wealth management deposits1,469,064 1,614,499 Money market17,975,191 15,149,215 Savings6,372,499 5,790,334 Time certificates of deposit9,420,031 6,625,072 Total deposits$52,512,349 $45,397,170 Mix:Non-interest bearing22 %23 %NOW and interest-bearing demand deposits11 13 Wealth management deposits3 4 Money market34 33 Savings12 13 Time certificates of deposit18 14 Total deposits100 %100 %Wealth management deposits represent deposit balances (primarily money market accounts) at the Company’s subsidiary banks from brokerage customers of Wintrust Investments, CDEC and trust and asset management customers of the Company. The scheduled maturities of time certificates of deposit at December 31, 2024 and 2023 are as follows:(In thousands)20242023Due within one year$9,061,295 $5,994,905 Due in one to two years281,239 558,387 Due in two to three years53,009 42,559 Due in three to four years14,316 16,251 Due in four to five years10,104 12,966 Due after five years68 4 Total time certificate of deposits$9,420,031 $6,625,072 

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The following table sets forth the scheduled maturities of uninsured time deposits, specifically the portion of time deposit balances in excess of the FDIC insurance limit of $250,000, at December 31, 2024 and 2023:(In thousands)20242023Maturing within three months$774,312 $315,495 After three but within six months926,997 327,183 After six but within 12 months490,231 466,699 After 12 months54,691 73,534 Total$2,246,231 $1,182,911 Time deposits