Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 54

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 54
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 of the underlying notional amount. Interest rate collars designated as cash flow hedges involve the settlement of amounts in which the interest rate specified in the contract exceeds the agreed upon cap strike rate or in which the interest rate specified in the contract is below the agreed upon floor strike rate at the end of each period.  

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As of June 30, 2025, the Company had various interest rate collar and swap derivatives designated as cash flow hedges of variable rate loans. When the relationship between the hedged item and hedging instrument is highly effective at achieving offsetting changes in cash flows attributable to the hedged risk, changes in the fair value of these cash flow hedges are recorded in accumulated other comprehensive income or loss and are subsequently reclassified to interest income as interest payments are made on such variable rate loans. The changes in fair value (net of tax) are separately disclosed in the Consolidated Statements of Comprehensive Income. The table below provides details on these cash flow hedges, summarized by derivative type and maturity, as of June 30, 2025:June 30, 2025NotionalFair Value(In thousands)AmountAsset (Liability)Interest Rate Collars at 1-month CME term SOFR:Buy 2.250% floor, sell 3.743% cap; matures September 2025$1,250,000 $(1,226)Buy 2.750% floor, sell 4.320% cap; matures October 2026500,000 449 Buy 2.000% floor, sell 3.450% cap; matures September 20271,250,000 (7,726)Interest Rate Swaps at 1-month CME term SOFR:Fixed 3.748%; matures December 2025250,000 (471)Fixed 3.759%; matures December 2025250,000 (457)Fixed 3.680%; matures February 2026250,000 (567)Fixed 4.176%; matures March 2026250,000 268 Fixed 3.915%; matures March 2026250,000 (165)Fixed 4.450%; matures July 2026250,000 1,580 Fixed 3.515%, matures December 2026250,000 (184)Fixed 3.512%; matures December 2026250,000 (196)Fixed 3.453%; matures February 202725