Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 91

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 91
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Year Ended December 31, 2024(In thousands)CommercialCommercialReal EstateHomeEquityResidentialReal EstatePremiumFinanceReceivableConsumerand OtherTotalLoansAllowance for credit losses at beginning of period$169,604 $223,853 $7,116 $13,133 $13,069 $490 427,265 Other adjustments— — — — (207)— (207)Charge-offs(48,864)(22,127)(74)(175)(37,519)(587)(109,346)Recoveries2,853 323 359 15 11,313 87 14,950 Provision for credit losses - other47,439 9,164 196 (3,337)31,164 764 85,390 Provision for credit losses - Day 1 on non-PCD assets acquired during the period2,967 10,540 1,344 638 — 58 15,547 Initial allowance for credit losses recognized on PCD assets acquired during the period1,838 1,103 2 61 — — 3,004 Allowance for credit losses at period end$175,837 $222,856 $8,943 $10,335 $17,820 $812 $436,603 By measurement method:Individually evaluated for impairment$27,894 $6,768 $50 $44 $— $1 $34,757 Collectively evaluated for impairment147,943 216,088 8,893 10,291 17,820 811 401,846 Loans at period end:Individually evaluated for impairment$73,490 $21,042 $1,117 $23,674 $— $2 $119,325 Collectively evaluated for impairment15,501,061 12,882,902 443,911 3,430,296 15,419,187 99,560 47,776,917 Loans held at fair value— — — 158,795 — — 158,795  Year Ended December 31, 2023(In thousands)CommercialCommercialReal EstateHomeEquityResidentialReal EstatePremiumFinanceReceivableConsumerand OtherTotalLoansAllowance for credit losses at beginning of