Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 179

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 179
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’s commercial loan portfolio, our allowance for credit losses in our commercial loan portfolio increased to $194.6 million as of June 30, 2025 compared to $182.0 million as of June 30, 2024.

Our commercial real estate loans are generally secured by a first mortgage lien and assignment of rents on the property. Since most of our bank branches are located in the Chicago metropolitan area, southern Wisconsin and west Michigan, 66.4% of our commercial real estate loan portfolio is located in this region as of June 30, 2025. We have been able to effectively manage our total non-performing commercial real estate loans, aided by our credit management process. As of June 30, 2025, our allowance for credit losses related to this portfolio was $224.4 million compared to $223.7 million as of June 30, 2024. The increase in the allowance for credit losses is primarily a result of growth in the portfolio, offset by improvement in the macroeconomic scenario related to CREPI. The table below sets forth the commercial real estate loans by property type and owner vs. non-owner occupied.

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(In thousands)June 30, 2025June 30, 2024Commercial Real Estate:Owner OccupiedNon-Owner OccupiedTotal% of TotalAverage Size of LoanOwner OccupiedNon-Owner OccupiedTotal% of TotalAverage Size of LoanResidential construction$3,015 $56,012 $59,027 1 %$542 $3,319 $51,700 $55,019 1 %$1,038 Commercial construction189,770 1,975,493 2,165,263 16 5,410 163,287 1,703,414 1,866,701 16 4,549 Land6,024 298,803 304,827 2 1,772 6,856 331,975 338,831 3 2,041 Office299,422 1,301,786 1,601,208 12 1,468 267,188 1,318,124 1,585,312 13 1,516 Industrial970,307 1,854,582 2,824,889 21 1,902 858,781 1,448,674 2,307,455 19 1,748 Retail342,