Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 108

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 108
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 51,547 S+0.26161+1.636.25 09/200609/203609/2011Northview Capital Trust I186 6,000 6,186 6,186 S+0.26161+3.007.83 08/200311/203308/2008Town Bankshares Capital Trust I186 6,000 6,186 6,186 S+0.26161+3.007.83 08/200311/203308/2008First Northwest Capital Trust I155 5,000 5,155 5,155 S+0.26161+3.007.59 05/200405/203405/2009Suburban Illinois Capital Trust II464 15,000 15,464 15,464 S+0.26161+1.756.37 12/200612/203612/2011Community Financial Shares Statutory Trust II109 3,500 3,609 3,609 S+0.26161+1.626.24 06/200709/203706/2012Total  $253,566 $253,566  6.85 %   (1)The interest rates on the variable rate junior subordinated debentures are based on the three-month Chicago Mercantile Exchange (“CME”) Term Secured Overnight Financing Rate (“SOFR”) and reset on a quarterly basis.At December 31, 2024, the weighted average contractual interest rate on the junior subordinated debentures was 6.85%. Distributions on the common and preferred securities issued by the Trusts are payable quarterly at a rate per annum equal to the interest rates being earned by the Trusts on the junior subordinated debentures. Interest expense on the junior subordinated debentures is deductible for income tax purposes.Under AIRLA and Part 253 of Regulation ZZ (Rule 253), after June 30, 2023, the interest rate on the junior subordinated debentures, by operation of law, changed their base rate from USD LIBOR to CME Term SOFR of the same tenor, plus an applicable tenor spread adjustment. CME Term SOFR  is  an  indicative,  forward-looking  measurement  of  daily  overnight  SOFR. CME Term SOFR is published by CME Group Inc., as administrator