Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 107

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 107
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 issuance of the trust preferred securities and common securities solely in junior subordinated debentures issued by the Company (or assumed by the Company in connection with an acquisition), with the same maturities and interest rates as the trust preferred securities. The junior subordinated debentures are the sole assets of the Trusts. In each Trust, the common securities represent approximately 3% of the junior subordinated debentures and the trust preferred securities represent approximately 97% of the junior subordinated debentures.The Trusts are reported in the Company’s consolidated financial statements as unconsolidated subsidiaries. Accordingly, in the Consolidated Statements of Condition, the junior subordinated debentures issued by the Company to the Trusts are reported as liabilities and the common securities of the Trusts, all of which are owned by the Company, are included in investment securities.

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The following table provides a summary of the Company’s junior subordinated debentures as of December 31, 2024 and 2023. The junior subordinated debentures represent the par value of the obligations owed to the Trusts. Common SecuritiesTrust Preferred SecuritiesJuniorSubordinatedDebenturesRate Structure (1)Contractual rate at 12/31/2024Maturity DateEarliest Redemption Date(Dollars in thousands)20242023Issue DateWintrust Capital Trust III$774 $25,000 $25,774 $25,774 S+0.26161+3.258.17 %04/200304/203304/2008Wintrust Statutory Trust IV619 20,000 20,619 20,619 S+0.26161+2.807.39 12/200312/203312/2008Wintrust Statutory Trust V1,238 40,000 41,238 41,238 S+0.26161+2.607.19 05/200405/203406/2009Wintrust Capital Trust VII1,550 50,000 51,550 51,550 S+0.26161+1.956.57 12/200403/203503/2010Wintrust Capital Trust VIII1,238 25,000 26,238 26,238 S+0.26161+1.456.04 08/200509/203509/2010Wintrust Capital Trust IX1,547 50,000 51,547