Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 101

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 101
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 in the Chicago metropolitan area, southern Wisconsin and west Michigan, 67.4% of our commercial real estate loan portfolio is located in this region as of March 31, 2025. We have been able to effectively manage our total non-performing commercial real estate loans, aided by our credit management process. As of March 31, 2025, our allowance for credit losses related to this portfolio was $210.0 million compared to $226.1 million as of March 31, 2024. The decrease in the allowance for credit losses is primarily a result of the macroeconomic outlook related to the Commercial Real Estate Price Index macroeconomic variable. The table below sets forth the commercial real estate loans by property type and owner vs. non-owner occupied.

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(In thousands)March 31, 2025March 31, 2024Commercial Real Estate:Owner OccupiedNon-Owner OccupiedTotal% of TotalAverage Size of LoanOwner OccupiedNon-Owner OccupiedTotal% of TotalAverage Size of LoanResidential construction$1,530 $54,319 $55,849 0 %$458 $3,192 $54,366 $57,558 1 %$859 Commercial construction201,889 1,884,908 2,086,797 16 5,296 93,090 1,655,517 1,748,607 15 4,150 Land5,687 300,548 306,235 2 1,781 9,301 334,848 344,149 3 2,049 Office288,398 1,353,157 1,641,555 13 1,505 269,404 1,297,344 1,566,748 13 1,494 Industrial932,404 1,745,151 2,677,555 21 1,850 851,109 1,339,091 2,190,200 19 1,668 Retail343,206 1,059,631 1,402,837 11 1,207 319,387 1,047,028 1,366,415 12 1,209 Multi-family100,647 2,990,667 3,091,314 24 1,328 107,976 2,814,456 2,922,432