Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 55

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 55
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0,000 (323)Fixed 4.150%; matures July 2027250,000 3,452 Fixed 3.748%; matures March 2028250,000 2,419 Fixed 3.526%; matures March 2028250,000 989 Fixed 3.993%; matures October 2029350,000 9,003 Fixed 4.245%; matures November 2029350,000 12,747 Fixed 3.300%; matures November 2029 (1)250,000 254 Fixed 3.816%; matures November 2030 (1)250,000 7,683 Fixed 3.551%; matures November 2030 (1)250,000 514 Fixed 3.950%; matures February 2031 (2)250,000 7,235 Fixed 4.250%; matures February 2031 (2)250,000 10,653 Total Cash Flow Hedges$7,950,000 $45,931 (1)Represents interest rate swaps that have effective starting dates of November 1, 2025.(2)Represents interest rate swaps that have effective starting dates of February 1, 2026.In the first quarter of 2022, the Company terminated interest rate swap derivative contracts designated as cash flow hedges of variable rate deposits with a total notional value of $1.0 billion and a five-year term effective July 2022. At the time of termination, the fair value of the derivative contracts totaled an asset of $66.5 million, with such adjustments to fair value recorded in accumulated other comprehensive income or loss. In the second quarter of 2022, the Company terminated one additional interest rate swap derivative contract designated as a cash flow hedge of variable rate deposits with a total notional value of $500.0 million effective since April 2020. The remaining term of such derivative contract was through April 2024 and, at the time of termination, the fair value of the derivative contract totaled assets of $10.7 million, with such adjustments to fair value recorded in accumulated other comprehensive income or loss. For all such terminations, as the hedged forecasted transactions (interest payments on variable rate deposits) are still expected to occur over the remaining term of such terminated derivatives, such adjustments will remain in accumulated other comprehensive income or loss and be reclassified as a reduction to