Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 145

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 145
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 any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty. As of December 31, 2024, there were no 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)December 31, 2024December 31, 2023December 31, 2024December 31, 2023Gross Amounts Recognized$194,883 $263,955 $239,970 $255,126 Less: Amounts offset in the Statements of Condition— — — — Net amount presented in the Statements of Condition$194,883 $263,955 $239,970 $255,126 Gross amounts not offset in the Statements of ConditionOffsetting Derivative Positions$(74,656)$(76,514)$(74,656)$(76,514)Collateral Posted (78,550)(144,899)— — Net Credit Exposure$41,677 $42,542 $165,314 $178,612 

(22) 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 include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means.•Level 3 — significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted