Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 62

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 62
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 $157.8 million and $145.9 million, respectively, while the aggregate fair value of loans held-for-investment was $126.5 million, $158.8 million and $144.4 million, respectively, as shown in the above tables. The changes in Level 3 assets measured at fair value on a recurring basis during the three months ended March 31, 2025 and 2024 are summarized as follows:Mortgage loans held-for-saleLoans held-for- investmentMortgageservicing rightsDerivative assets(In thousands)MunicipalBalance at January 1, 2025$121,607 $60,399 $34,896 $203,788 $1,950 Total net (losses) gains included in:Net income (1)— 973 271 (7,481)3,543 Other comprehensive income or loss(5,078)— — — — Purchases15,282 — — — — Settlements(9,967)(24,601)(4,947)— — Net transfers into Level 3 — 19,553 3,782 — — Balance at March 31, 2025$121,844 $56,324 $34,002 $196,307 $5,493 Mortgage loans held-for-saleLoans held-for- investmentMortgageservicing rightsDerivative assets(In thousands)MunicipalBalance at January 1, 2024$86,237 $26,835 $60,670 $192,456 $4,510 Total net (losses) gains included in:Net income (1)— 67 (317)8,588 1,702 Other comprehensive income or loss(1,988)— — — — Purchases8,384 — — — — Settlements(4,414)(10,340)(15,803)— — Net transfers into Level 3— 17,164 4,767 — — Balance at March 31, 2024$88,219 $33,726 $49,317 $201,044 $6,212 (1)Changes in the balance of mortgage loans held-for-sale, MSRs, and derivative assets related to fair value adjustments are recorded as components of mortgage banking revenue.