Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 138

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 138
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 3.915%; matures March 2026250,000 (470)Fixed 4.450%; matures July 2026250,000 1,497 Fixed 3.515%, matures December 2026250,000 (2,412)Fixed 3.512%; matures December 2026250,000 (2,427)Fixed 3.453%; matures February 2027250,000 (2,807)Fixed 4.150%; matures July 2027250,000 916 Fixed 3.748%; matures March 2028250,000 (1,784)Fixed 3.526%; matures March 2028250,000 (3,452)Fixed 3.993%; matures October 2029350,000 329 Fixed 4.245%; matures November 2029350,000 4,270 Fixed 3.300%; matures November 2029(1)250,000 (5,732)Fixed 3.816%; matures November 2030(1)250,000 (1,399)Fixed 3.551%; matures November 2030(1)250,000 (4,330)Fixed 3.950%; matures February 2031(2)250,000 40 Total Cash Flow Hedges$7,700,000 $(48,755)(1)Represents interest rate swaps that have effective starting dates of November 1, 2025.(2)Represents interest rate swaps that have effective starting dates of February 1, 2026.In the first quarter of 2022, the Company terminated interest rate swap derivative contracts designated as cash flow hedges of variable rate deposits with a total notional value of $1.0 billion and a five-year term effective July 2022. At the time of termination, the fair value of the derivative contracts totaled an asset of $66.5 million, with such adjustments to fair value recorded in accumulated other comprehensive income or loss. In the second quarter of 2022, the Company terminated two interest rate swap derivative contracts designated as cash flow hedges of variable rate deposits with a total notional value of $500.0 million each effective since April 2020. The remaining terms of such derivative contracts were through March 2023 and April 2024 and, at the time of termination, the fair value of the derivative contracts totaled assets of