Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 64

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 64
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 derivative counterparties that contain a provision allowing the counterparty to terminate the derivative positions if the Company fails to maintain its status as a well or adequately capitalized institution, which would require the Company to settle its obligations under the agreements. If the Company were to breach any of these provisions, at a time when the derivatives subject to such agreements are in a liability position, and the derivatives were to be terminated as a result, the Company would be required to settle its obligations under the agreements at the termination value and would be required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty. As of September 30, 2025, there were $1.6 million of derivatives that were subject to such agreements in a net liability position. The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The table below summarizes the Company’s interest rate derivatives and offsetting positions as of the dates shown.Derivative AssetsDerivative LiabilitiesFair ValueFair Value(In thousands)September 30,2025December 31,2024September 30,2024September 30,2025December 31,2024September 30,2024Gross Amounts Recognized$201,318 $194,883 $246,927 $138,789 $239,970 $195,033 Gross amounts not offset in the Statements of ConditionOffsetting Derivative Positions(65,969)(74,656)(82,819)(65,969)(74,656)(82,819)Collateral Posted(59,598)(78,550)(59,791)(1,686)— (420)Net Credit Exposure$75,751 $41,677 $104,317 $71,134 $165,314 $111,794 

(15) Fair Value of Assets and Liabilities

The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the inputs used to determine fair value. These levels are:•Level 1—unadjusted quoted prices in active markets for identical assets or liabilities.•Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These