Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 129

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 129
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 total deposits through brokered deposits, the Company does so primarily as an asset-liability management tool to assist in the management of interest rate risk, and the Company does not consider brokered deposits to be a vital component of its current liquidity resources. Historically, brokered deposits have represented a small component of the Company’s total deposits outstanding, as set forth in the table below:

June 30,December 31,(Dollars in thousands)20252024202420232022Total deposits$55,816,811 $48,049,026 $52,512,349 $45,397,170 $42,902,544 Brokered deposits4,375,473 4,938,217 3,598,102 4,216,718 3,174,093 Brokered deposits as a percentage of total deposits7.8 %10.3 %6.9 %9.3 %7.4 %

Brokered deposits include certificates of deposit obtained through deposit brokers, deposits received through the Certificate of Deposit Account Registry Program, and certain deposits of brokerage customers from unaffiliated companies which have been placed into deposit accounts of the banks.

Other Funding Sources

Although deposits are the Company’s primary source of funding its interest-earning assets, the Company’s ability to manage the types and terms of deposits is somewhat limited by customer preferences and market competition. As a result, in addition to deposits and the issuance of equity securities and the retention of earnings, the Company uses several other funding sources to support its growth. These sources include FHLB advances, notes payable, short-term borrowings, secured borrowings, subordinated debt and junior subordinated debentures. The Company evaluates the terms and unique characteristics of each source, as well as its asset-liability management position, in determining the use of such funding sources.

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The following table sets forth, by category, the composition of the average balances of other funding sources for the quarterly periods presented:

Three Months EndedJune 30,March 31,June 30,(In thousands)202520252024FHLB advances$3,151,310 $3,151,309 $3,096,920 Other borrowings:Notes payable135,556 142,686 163,920 Short-term borrowings— 23 799 Secured borrowings403,622 382,668 364,207 Other54,479 56,762 58,336