Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 15

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 15
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 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 March 31, 2025 were primarily mortgage-backed securities with unrealized losses due to increased market rates during such period. See Note (7) “Allowance for Credit Losses” in Item 1 of this report for further discussion regarding any credit losses associated with held-to-maturity securities at March 31, 2025.

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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:Three months ended March 31,(In thousands)20252024Realized gains on investment securities$189 $1,035 Realized losses on investment securities(361)(108)Net realized (losses) gains on investment securities(172)927 Unrealized gains on equity securities with readily determinable fair value3,445 1,034 Unrealized losses on equity securities with readily determinable fair value(57)(633)Net unrealized gains on equity securities with readily determinable fair value3,388 401 Upward adjustments of equity securities without readily determinable fair values— — Downward adjustments of equity securities without readily determinable fair values(20)— Impairment of equity securities without readily determinable fair values— (2)Adjustment and impairment, net, of equity securities without readily determinable fair values(20)(2)Gains on investment securities, net$3,196 $1,326 The amortized cost and fair value of available-for-sale and held-to-maturity investment securities as of March 31, 2025, December 31, 2024 and March 31, 2024, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties:March 31, 2025December 31,