Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 130

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 130
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,563 9.9 222,668 5.0 Macatawa293,541 10.1 144,975 5.0 NANANA5.0 Schaumburg Bank216,675 10.0 108,031 5.0 190,280 9.4 101,620 5.0 Village Bank286,808 9.6 149,062 5.0 255,649 9.8 129,995 5.0 Beverly Bank246,565 10.1 122,295 5.0 221,548 10.0 110,741 5.0 Town Bank366,265 8.9 205,847 5.0 334,086 9.1 183,077 5.0 Wheaton Bank323,221 9.1 178,254 5.0 296,134 9.4 157,056 5.0 State Bank of the Lakes203,972 9.8 104,067 5.0 189,197 9.9 95,551 5.0 Old Plank Trail Bank255,788 8.9 143,480 5.0 227,759 9.0 127,250 5.0 St. Charles Bank270,446 9.3 144,886 5.0 233,651 9.5 122,638 5.0 NA - Macatawa Bank acquired August 1, 2024Wintrust’s mortgage banking division and broker/dealer subsidiary are also required to maintain minimum net worth capital requirements with various governmental agencies. The mortgage banking division’s net worth requirements are governed by the Department of Housing and Urban Development and the broker/dealer’s net worth requirements are governed by the SEC. As of December 31, 2024, these business units met their minimum net worth capital requirements.

(20) Commitments and Contingencies

The Company has outstanding, at any time, a number of commitments to extend credit. These commitments include revolving home equity line and other credit agreements, term loan commitments and standby and commercial letters of credit. Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit are contingent upon the failure of the customer to perform according