Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 62

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 62
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 Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The table below summarizes the Company’s interest rate derivatives and offsetting positions as of the dates shown.Derivative AssetsDerivative LiabilitiesFair ValueFair Value(In thousands)June 30,2025December 31,2024June 30,2024June 30,2025December 31,2024June 30,2024Gross Amounts Recognized$207,802 $194,883 $235,485 $153,743 $239,970 $313,982 Gross amounts not offset in the Statements of ConditionOffsetting Derivative Positions(68,680)(74,656)(114,662)(68,680)(74,656)(114,662)Collateral Posted(67,753)(78,550)(85,762)— — — Net Credit Exposure$71,369 $41,677 $35,061 $85,063 $165,314 $199,320 

(15) Fair Value of Assets and Liabilities

The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the inputs used to determine fair value. These levels are:•Level 1—unadjusted quoted prices in active markets for identical assets or liabilities.•Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means.•Level 3—significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.A financial instrument’s categorization within the above valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement