Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 302

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 302
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16 %0.32 %Total non-accrual loans as a percentage of total loans0.32 %0.28 %0.17 %0.19 %0.36 %Allowance for loan and unfunded lending-related commitment losses as a percentage ofnonaccrual loans282.33 %359.82 %532.71 %446.78 %332.82 %

(1)Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the FHA or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.

(2)As of December 31, 2022, no TDRs were past due greater than 90 days and still accruing interest. As of December 31, 2021, approximately $320,000 of TDRs were past due and greater than 90 days and still accruing interest. As of December 31, 2020, no TDRs were past due greater than 90 days and still accruing interest.

(3)Non-accrual loans included TDRs totaling  $4.5 million, $11.8 million, and $21.2 million  as of December 31, 2022, 2021, and 2020, respectively.

At this time, management believes reserves are appropriate to absorb losses that are expected upon the ultimate resolution of these credits. Management will continue to actively review and monitor its loan portfolios, in an effort to identify problem credits in a timely manner. 

Loan Portfolio Aging

As of December 31, 2024, $164.4 million, or 0.3% of all loans, excluding early buy-out loans guaranteed by U.S. government agencies, were 60 to 89 days (or two payments) past due and $249.9 million, or 0.5%, were 30 to 59 days (or one payment) past 

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due. As of December 31, 2023, $69.9 million, or 0.2%, of all loans, excluding early buy-out loans guaranteed by U.S. government agencies were 60 to 89 days (or two payments) past due and $227.6 million, or 0.5%, were 30 to 59 days (or one payment) past due. Many of the commercial and commercial real estate