Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 150

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 150
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 directly related to the fair value of interest rate locks as an increase in the pull-through rate results in an increased valuation.Nonqualified deferred compensation assets — The underlying assets relating to the nonqualified deferred compensation plan are included in a trust and primarily consist of non-exchange traded institutional funds which are priced based by an independent third party service. These assets are classified as Level 2 in the fair value hierarchy.

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The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented: December 31, 2024(In thousands)TotalLevel 1Level 2Level 3Available-for-sale securitiesU.S. Treasury$37,907 $37,907 $— $— U.S. government agencies44,945 — 44,945 — Municipal184,593 — 62,986 121,607 Corporate notes81,162 — 81,162 — Mortgage-backed3,792,875 — 3,792,875 — Trading account securities4,072 — 4,072 — Equity securities with readily determinable fair value215,412 207,346 8,066 — Mortgage loans held-for-sale331,261 — 270,862 60,399 Loans held-for-investment158,795 — 123,899 34,896 MSRs203,788 — — 203,788 Nonqualified deferred compensations assets16,653 — 16,653 — Derivative assets200,027 — 198,077 1,950 Total$5,271,490 $245,253 $4,603,597 $422,640 Derivative liabilities$241,750 $— $241,750 $—  December 31, 2023(In thousands)TotalLevel 1Level 2Level 3Available-for-sale securitiesU.S. Treasury$6,968 $6,968 $— $— U.S. government agencies45,124 — 45,124 — Municipal140,958 — 54,721 86,237 Corporate notes76,531 — 76,531 — Mortgage-backed3,233,334 — 3,233,334 — Trading account securities4,707 —