Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 100

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 100
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 amount$200,495 $89,599 Accumulated amortization(78,805)(66,710)Total acquisition-related intangible assets, net$121,690 $22,889 Estimated amortization for the year-ended:  2025$21,391 202618,830 202716,342 202813,908 202911,536 The community banking unit's core deposit intangibles and trademarks with indefinite lives increased $102.9 million and $8.0 million, respectively, in the third quarter of 2024 as a result of the Macatawa acquisition.The core deposit intangibles recognized in connection with the Company’s bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten-years on a straight-line or accelerated basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with prior acquisitions. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis.Total amortization expense associated with finite-lived intangibles in 2024, 2023 and 2022 was $12.1 million, $5.5 million and $6.1 million, respectively.

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(9) Premises, Software and Equipment, Net

A summary of premises, software and equipment at December 31, 2024 and 2023 is as follows: December 31,(In thousands)20242023Land$184,318 $166,036 Buildings and leasehold improvements703,798 687,326 Furniture, equipment and computer software383,056 333,176 Construction in progress15,702 26,443 $1,286,874 $1,212,981 Less: Accumulated depreciation and amortization507,744 464,015 Total premises, software, and equipment, net$779,130 $748,966 Depreciation and amortization expense related to premises, software and equipment totaled $61.4 million in 2024, $56.9 million in 2023 and $53.1 million in