Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 183

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 183
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 %0.35 %0.39 %Total non-performing assets, as a percentage of total assets0.31 %0.30 %0.32 %Total nonaccrual loans as a percentage of total loans0.34 %0.31 %0.34 %Allowance for credit losses as a percentage of nonaccrual loans262.71 %296.25 %288.69 %

(1)Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the FHA or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.  

At this time, management believes reserves are appropriate to absorb losses that are expected upon the ultimate resolution of these credits. Significant increases may occur in subsequent periods due to ongoing macroeconomic uncertainty and related impacts on borrowers. Management will continue to actively review and monitor its loan portfolios, in an effort to identify  problem credits in a timely manner.

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Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies

The table below presents a summary of non-performing loans for the periods presented:     Three Months EndedSix Months EndedJune 30,June 30,June 30,June 30,(In thousands)2025202420252024Balance at beginning of period$172,390 $148,359 $170,823 $139,030 Additions from becoming non-performing in the respective period48,651 54,376 76,372 77,518 Return to performing status(6,896)(912)(8,103)(1,402)Payments received(5,602)(9,611)(21,567)(17,947)Transfer to OREO and other repossessed assets(1,315)(6,945)(1,315)(8,326)Charge-offs(11,734)(7,673)(20,334)(22,483)Net change for premium finance receivables(6,656)(3,343)(7,038)7,861 Balance at end of period$188,838 $174,251 $188,838 $174,251 

Allowance for Credit Losses

The allowance for credit losses, specifically the allowance for loans losses and the allowance for unfunded commitment losses, represents management’s estimate of lifetime expected credit losses in the