Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 73

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 73
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 period.The Company does not consider available-for-sale securities with unrealized losses at December 31, 2024 to be experiencing credit losses and recognized no resulting allowance for credit losses for such individually assessed credit losses. The Company does not intend to sell these investments and it is more likely than not that the Company will not be required to sell these investments before recovery of the amortized cost bases, which may be the maturity dates of the securities. The unrealized losses within each category have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase. Available-for-sale securities with continuous unrealized losses existing for more than twelve months at December 31, 2024 were primarily mortgage-backed securities with unrealized losses due to increased market rates during such period.

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See Note (5) “Allowance for Credit Losses” for further discussion regarding any credit losses associated with held-to-maturity securities at December 31, 2024.The following table provides information as to the amount of gross gains and losses, adjustments and impairment on investment securities recognized in earnings and proceeds received through the sale or call of investment securities: Years Ended December 31,(In thousands)202420232022Realized gains on investment securities$2,704 $1,136 $461 Realized losses on investment securities(276)(71)(22)Net realized gains on investment securities2,428 1,065 439 Unrealized gains on equity securities with readily determinable fair value4,451 5,428 1,154 Unrealized losses on equity securities with readily determinable fair value(5,751)(4,280)(9,862)Net unrealized (losses) gains on equity securities with readily determinable fair value(1,300)1,148 (8,708)Impairment of equity securities without readily determinable fair values(3,730)(688)(12,158)Adjustment and impairment, net, of equity securities without readily determinable fair values(3,730)(688)(12,158)(Losses) gains on investment securities, net$(2,602)$1,525 $(20,427)Proceeds from sales of equity securities with readily determinable fair value$51,792 $23,592 $31,753 Proceeds from sales and capital distributions of equity securities without readily determinable fair value2,226 67 1,330 Net gains/losses on investment securities resulted in income tax