Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 13

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 13
---
,763)$4,387,598 Held-to-maturity securitiesU.S. government agencies$336,463 $— $(69,998)$266,465 Municipal168,490 258 (4,709)164,039 Mortgage-backed: (1)Residential mortgage-backed securities3,007,304 — (597,758)2,409,546 Commercial (multi-family) mortgage-backed securities6,401 — (281)6,120 Collateralized mortgage obligations234,314 431 (22,983)211,762 Corporate notes57,372 8 (3,358)54,022 Total held-to-maturity securities$3,810,344 $697 $(699,087)$3,111,954 Less: Allowance for credit losses(329)Held-to-maturity securities, net of allowance for credit losses$3,810,015 Equity securities with readily determinable fair value$123,421 $4,480 $(8,124)$119,777 (1)None of our mortgage-backed securities are subprime.Equity securities without readily determinable fair values totaled $67.9 million as of March 31, 2025. Equity securities without readily determinable fair values are included as part of accrued interest receivable and other assets in the Company’s Consolidated Statements of Condition. The Company monitors its equity investments without readily determinable fair values to identify potential transactions that may indicate an observable price change in orderly transactions for the identical or a similar investment of the same issuer, requiring adjustment to its carrying amount. During the three months ended March 31, 2025 the Company recorded no upward adjustment and a downward adjustment of $20,000 related to such observable price changes. During the three months ended March 31, 2024, the Company recorded no upward or downward adjustments related to such observable price changes. The Company conducts a quarterly assessment of its equity securities without readily determinable fair values to determine whether impairment exists in such securities, considering, among other factors, the nature of the securities, financial condition of the issuer and expected future cash flows. During the three months ended March 31, 2025, the Company recorded no impairment of equity securities without readily determinable fair values. During the three months ended March 31, 2024, the Company recorded $2,000 impairment of equity securities without readily determinable fair values.