Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 94

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 94
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 credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to other real estate owned (“OREO”), which is included within other assets in the Consolidated Statements of Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. At December 31, 2024, the Company had no foreclosed residential real estate properties included within OREO. Further, the recorded investment in residential mortgage loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $38.2 million and $53.3 million at December 31, 2024 and 2023, respectively. The tables below presents a summary of the balance immediately following the modification of loans to borrowers experiencing financial difficulties during the years ended December 31, 2024 and 2023:Year EndedDecember 31, 2024(Dollars in thousands)Total Percentage of Total Class of LoanExtension of Term Reduction of InterestRate Interest OnlyPaymentsDelay in Contractual Payments Extension of Term and Reduction of Interest Rate CommercialCommercial, industrial and other$11,531 0.1 %$9,516 $9 $17 $81 $1,908 Commercial real estateConstruction and development701 0.0 %701 — — — — Non-Construction 813 0.0 493 — 320 — — Home equity86 0.0 86 — — — — Residential real estate166 0.0 — 166 — — — Premium finance receivablesProperty and casualty insurance loans1,226 0.0 96 1,103 — — 27 Total loans$14,523 0.0 $10,892 $1,278 $337 $81 $1,935 

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Weighted Average Magnitude of Modifications:Year Ended December 31, 2024(Dollars in thousands)TotalDuration of Extension of Term (months)Reduction of InterestRate (bps)Duration of Delay in Contractual Payments (months)CommercialCommercial, industrial and other$11,531