Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 34

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 34
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 include assets experiencing financial difficulties, including assets rated as substandard nonaccrual and doubtful. If foreclosure is probable or the asset is considered collateral-dependent, expected credit losses are measured based upon the fair value of the underlying collateral adjusted for selling costs, if appropriate. Underlying collateral across the Company's segments consist primarily of real estate, land and construction assets as well as general business assets of the borrower. As of September 30, 2025, excluding loans carried at fair value, substandard nonaccrual loans totaling $66.4 million in carrying balance had no related allowance for credit losses. The Company does not measure an allowance for credit losses on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when assets are placed on nonaccrual status.

Loan portfoliosA summary of activity in the allowance for credit losses, specifically for the loan portfolio (i.e. allowance for loan losses and allowance for unfunded commitment losses), for the three and nine months ended September 30, 2025 and September 30, 2024 is as follows: Three months ended September 30, 2025Commercial Real EstateHome  EquityResidential Real EstatePremium Finance ReceivablesConsumer and OtherTotal Loans(In thousands)CommercialAllowance for credit losses at beginning of period$194,568 $224,358 $9,221 $11,455 $16,612 $849 $457,063 Other adjustments— — — — (88)— (88)Charge-offs(21,597)(144)(27)(26)(6,878)(174)(28,846)Recoveries1,449 241 104 1 2,459 37 4,291 Provision for credit losses - Other15,056 6,022 (69)583 (156)335 21,771 Allowance for credit losses at period end$189,476 $230,477 $9,229 $12,013 $11,949 $1,047 $454,191 By measurement method:Individually measured$29,747 $9,688 $— $60 $— $3 $39,498 Collectively measured159,729 220,789 9,229 11,953 11,949 1,044 414,693 Loans at period endIndividually measured$