Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 71

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 71
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412 $143,312 $3,500 $(7,544)$139,268 (1)None of our mortgage-backed securities are subprime.Equity securities without readily determinable fair values totaled $65.1 million as of December 31, 2024 and $60.0 million as of December 31, 2023. Equity securities without readily determinable fair values are included as part of accrued interest receivable and other assets in the Company’s Consolidated Statements of Condition. The Company monitors its equity investments without readily determinable fair values to identify potential transactions that may indicate an observable price change in orderly transactions for the identical or a similar investment of the same issuer, requiring adjustment to its carrying amount. The Company recorded no upward and no downward adjustments related to such observable price changes in 2024 or 2023. The Company conducts a quarterly assessment of its equity securities without readily determinable fair values to determine whether impairment exists in such equity securities, considering, among other factors, the nature of the securities, financial condition of the issuer and expected future cash flows. During the years ended December 31, 2024 and December 31, 2023, the Company recorded $3.7 million and $688,000, respectively, of impairment of equity securities without readily determinable fair values. 

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The following tables present the portion of the Company’s available-for-sale investment securities portfolios which had gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and 2023, respectively: As of December 31, 2024Continuous unrealizedlosses existing for lessthan 12 monthsContinuous unrealizedlosses existing forgreater than 12 monthsTotal(In thousands)Fair valueUnrealizedlossesFair valueUnrealizedlossesFair valueUnrealizedlossesAvailable-for-sale securitiesU.S. government agencies$44,945 $(5,055)$— $— $44,945 $(5,055)Municipal52,344 (3,536)83,517 (804)135,861 (4,340)Corporate notes:Financial issuers80,169 (3,828)— — 80,169 (3,828)Other993 (7)— — 993 (7)Mortgage-backed: (1)Residential mortgage-backed securities2,212,780