Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 59

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 59
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 floors and swaps noted above that remain outstanding.Fair Value Hedges of Interest Rate RiskInterest rate swaps designated as fair value hedges involve the payment of fixed amounts to a counterparty in exchange for the Company receiving variable payments over the life of the agreements without the exchange of the underlying notional amount.  As of September 30, 2025, the Company had 13 interest rate swaps with an aggregate notional amount of $119.2 million that were designated as fair value hedges primarily associated with fixed rate commercial and industrial and commercial real estate loans as well as life insurance premium finance receivables. For derivatives designated and that qualify as fair value hedges, the net gain or loss from the entire change in the fair value of the derivative instrument is recognized in the same income statement line item as the earnings effect, including the net gain or loss, of the hedged item (interest income earned on fixed rate loans) when the hedged item affects earnings.The following table presents the carrying amount of the hedged assets/(liabilities) and the cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets/(liabilities) that are designated as a fair value hedge accounting relationship as of September 30, 2025:(In thousands)September 30, 2025Derivatives in Fair ValueHedging RelationshipsLocation in the Statement of ConditionCarrying Amount of the Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities) Cumulative Amount of Fair Value Hedging Adjustment Remaining for any Hedged Assets/(Liabilities) for which Hedge Accounting has been DiscontinuedInterest rate swapsLoans, net of unearned income$113,650 $(5,031)$(38)Available-for-sale debt securities494 (3)— The following table presents the loss or gain recognized related to derivative instruments that are designated as fair value hedges for the respective period:(In thousands)Derivatives in Fair Value Hedging RelationshipsLocation of (Loss)/Gain Recognized in Income on DerivativeThree Months EndedNine Months EndedSeptember 30, 2025September 30, 2025Interest rate swapsInterest and fees on loans$(4)$(10)

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Non-Designated HedgesThe Company does not use derivatives for speculative purposes. Derivatives not designated as accounting hedges are used to manage the Company’s economic exposure to interest rate movements and other