Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 69

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 69
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 qualitative descriptions of certain expenses, in the notes to the financial statements. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The guidance is to be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.Induced Conversions of Convertible Debt InstrumentsIn November 2024, the FASB issued ASU No. 2024-04, “Debt – Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments” to clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This guidance is effective for fiscal years beginning after December 15, 2025, including interim periods therein, and is to be applied either on a prospective basis or retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

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(3) Investment Securities 

A summary of the available-for-sale and held-to-maturity investment securities portfolios presenting carrying amounts and gross unrealized gains and losses as of December 31, 2024 and 2023 is as follows: December 31, 2024December 31, 2023(In thousands)AmortizedCostGrossunrealizedgainsGrossunrealizedlossesFair ValueAmortizedCostGrossunrealizedgainsGrossunrealizedlossesFair ValueAvailable-for-sale securitiesU.S. Treasury$37,858 $49 $— $37,907 $6,960 $8 $— $6,968 U.S. government agencies50,000 — (5,055)44,945 50,000 — (4,876)45,124 Municipal188,405 528 (4,340)184,593 144,299 657 (3,998)140,958 Corporate notes:Financial issuers83,997 — (3,828)80,169 83,996 — (8,456)75,540 Other1,000 — (7)993 1,000 — (9)991 Mortgage-backed: (1)Residential mortgage-backed securities4,