Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 107

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 107
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 as a percentage of loans at period end0.78 %0.81 %Allowance for loan and unfunded loan-related commitment losses as a percentage of loans at period end0.92 0.99 

See Note (7) “Allowance for Credit Losses” of the Consolidated Financial Statements presented under Item 1 of this report for further discussion of activity within the allowance for credit losses during the period and the relationship with respective loan balances for each loan category and the total loan portfolio.

Other Real Estate Owned

In certain circumstances, the Company is required to take action against the real estate collateral of specific loans. The Company uses foreclosure only as a last resort for dealing with borrowers experiencing financial hardships. The Company employs extensive contact and restructuring procedures to attempt to find other solutions for our borrowers. The tables below present a summary of other real estate owned and show the activity for the respective periods and the balance for each property type:

64

 Three Months Ended(In thousands)March 31,2025March 31,2024Balance at beginning of period$23,116 $13,309 Transfers in at fair value, less costs to sell— 1,436 Fair value adjustments(491)(207)Balance at end of period$22,625 $14,538 Period End(In thousands)March 31,2025December 31,2024March 31,2024Residential real estate$— $— $1,146 Commercial real estate22,625 23,116 13,392 Total$22,625 $23,116 $14,538 

Deposits

Total deposits at March 31, 2025 were $53.6 billion, an increase of $7.1 billion, or 15%, compared to total deposits at March 31, 2024. See Note (10) “Deposits” to the Consolidated Financial Statements in Item 1 of this report for a summary of period end deposit balances.

The following table sets forth, by category, the maturity of time certificates of deposit as of March 31, 2025:

Time Certificates of DepositMaturity/Re-pricing AnalysisAs of March 31, 2025(Dollars in thousands)Total TimeCertificates ofDepositsWeighted-AverageRate of MaturingTime Certificatesof Deposit1-3 months$3,845,120 4.34 %4-6 months2,