Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 75

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 75
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, net of allowance for credit losses$3,613,263 $3,856,916 At December 31, 2024 and December 31, 2023, securities having a carrying value of $6.9 billion were pledged as collateral for public deposits, trust deposits, FHLB advances, FRB discount window, securities sold under repurchase agreements, and derivatives. At December 31, 2024, there were no securities of a single issuer, other than U.S. government-sponsored agency securities, which exceeded 10% of shareholders’ equity.

115

(4) Loans

The following table shows the Company’s loan portfolio by category as of the dates shown:(Dollars in thousands)December 31, 2024December 31, 2023Balance:Commercial$15,574,551 $12,832,053 Commercial real estate12,903,944 11,344,164 Home equity445,028 343,976 Residential real estate3,612,765 2,769,666 Premium finance receivables—property & casualty7,272,042 6,903,529 Premium finance receivables—life insurance8,147,145 7,877,943 Consumer and other99,562 60,500 Total loans, net of unearned income$48,055,037 $42,131,831 Mix:Commercial32 %30 %Commercial real estate27 27 Home equity1 1 Residential real estate8 7 Premium finance receivables—property & casualty15 16 Premium finance receivables—life insurance17 19 Consumer and other0 0 Total loans, net of unearned income100 %100 %The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses, which, for the commercial and commercial real estate portfolios, are located primarily within the geographic market areas that the banks serve. Various niche lending businesses, including lease finance and franchise lending, operate on a national level.  The premium finance receivables portfolios are made to customers throughout the United States and Canada. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries.Certain premium finance receivables are recorded net of unearned