Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 54

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 54
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 exposures. The Counterparty Credit Risk Management team uses a variety of approaches to monitor counterparty financial performance, including monitoring of credit exposure versus limits, use of early warning reports, and daily and intraday monitoring of financial developments.The Company has agreements with certain of its interest rate derivative counterparties that contain cross-default provisions, which provide that if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness 

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has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company also has agreements with certain of its derivative counterparties that contain a provision allowing the counterparty to terminate the derivative positions if the Company fails to maintain its status as a well or adequately capitalized institution, which would require the Company to settle its obligations under the agreements. If the Company were to breach any of these provisions, at a time when the derivatives subject to such agreements are in a liability position, and the derivatives were to be terminated as a result, the Company would be required to settle its obligations under the agreements at the termination value and would be required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty. As of March 31, 2025, there were no derivatives that were subject to such agreements in a net liability position. The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The table below summarizes the Company’s interest rate derivatives and offsetting positions as of the dates shown.Derivative AssetsDerivative LiabilitiesFair ValueFair Value(In thousands)March 31,2025December 31,2024March 31,2024March 31,2025December 31,2024March 31,2024Gross Amounts Recognized$196,696 $194,883 $248,933 $176,588 $239,970 $318,163 Gross amounts not offset in the Statements of ConditionOffsetting Derivative Positions(62,237)(74,656)(109,977)(62,237)(74,656)(109,977)Collateral Posted(72,060)(78,550)(119,572)— — — Net Credit Exposure$62,399 $41,677 $19,384 $114,351 $165,314 $208,186 

(15) Fair Value of Assets and Liabilities