Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 106

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 106
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 factors, when considered applicable. The relative level of allowance for credit losses is reviewed and compared to industry peers. This review encompasses levels of total non-performing loans, portfolio mix, portfolio concentrations and overall levels of net charge-off. Historical trending of both the Company’s results and the industry peers is also reviewed to analyze comparative significance.

63

Allowance for Credit Losses

The following table summarizes the activity in our allowance for credit losses, specifically related to loans and unfunded lending-related commitments, during the periods indicated.

 Three Months Ended(Dollars in thousands)March 31,2025March 31,2024Allowance for credit losses at beginning of period$436,603 $427,265 Provision for credit losses - other23,974 21,691 Other adjustments4 (31)Charge-offs:Commercial9,722 11,215 Commercial real estate454 5,469 Home equity— 74 Residential real estate— 38 Premium finance receivables - property & casualty7,114 6,938 Premium finance receivables - life insurance12 — Consumer and other147 107 Total charge-offs17,449 23,841 Recoveries:Commercial929 479 Commercial real estate12 31 Home equity216 29 Residential real estate136 2 Premium finance receivables - property & casualty3,487 1,519 Premium finance receivables - life insurance— 8 Consumer and other29 23 Total recoveries4,809 2,091 Net charge-offs(12,640)(21,750)Allowance for credit losses at period end$447,941 $427,175 Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:Commercial0.23 %0.33 %Commercial real estate0.01 0.19 Home equity(0.20)0.05 Residential real estate(0.02)0.01 Premium finance receivables - property & casualty0.20 0.32 Premium finance receivables - life insurance0.00 (0.00)Consumer and other0.45 0.42 Total loans, net of unearned income0.11 %0.21 %Loans at period-end$48,708,390 $43,230,706 Allowance for loan losses