Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 15

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 15
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 Macatawa offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities. As of August 1, 2024, Macatawa had fair values of approximately $2.9 billion in assets, $2.3 billion in deposits and $1.3 billion in loans. In conjunction with the acquisition, the Company recorded $53.7 million discount on acquired loans, $33.5 million discount on securities and recorded total intangibles of $253.0 million. As of the first quarter of 2025, the purchase accounting was finalized and is no longer subject to change.

(4) Cash and Cash Equivalents

For purposes of the Consolidated Statements of Cash Flows, the Company considers cash and cash equivalents to include cash on hand, cash items in the process of collection, non-interest bearing amounts due from correspondent banks, federal funds sold and securities purchased under resale agreements with original maturities of three months or less. These items are included within the Company’s Consolidated Statements of Condition as cash and due from banks, and federal funds sold and securities purchased under resale agreements.

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(5) Investment Securities

The following tables are a summary of the investment securities portfolios as of the dates shown:September 30, 2025(In thousands)AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFairValueAvailable-for-sale securitiesU.S. Treasury$7,997 $39 $— $8,036 U.S. government agencies50,000 — (3,489)46,511 Municipal194,723 1,673 (2,152)194,244 Corporate notes:Financial issuers82,000 — (2,628)79,372 Other1,000 — — 1,000 Mortgage-backed: (1)Residential mortgage-backed securities4,761,918 17,519 (419,975)4,359,462 Commercial (multi-family) mortgage-backed securities233,127 347 (5,136)228,338 Collateralized mortgage obligations371,584 2,373 (16,796)357,161 Total available-for-sale securities$5,702,349 $21,951 $(450,176)$5,274,124 Held-to-maturity securitiesU.S. government agencies$