Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 69

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 69
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000 of mortgage loans held-for-sale were classified as nonaccrual compared to $4.0 million as of December 31, 2024 and $2.1 million as of June 30, 2024. Additionally, there were $27.5 million of loans past due greater than 90 days and still accruing in the mortgage loans held-for-sale portfolio as of June 30, 2025 compared to $59.3 million as of December 31, 2024 and $39.4 million as of June 30, 2024. All of the nonaccrual loans and loans past due greater than 90 days and still accruing within the mortgage loans held-for-sale portfolio at June 30, 2025, December 31, 2024, and June 30, 2024 were individual delinquent mortgage loans bought back from GNMA at the unconditional option of the Company as servicer for those loans. The aggregate remaining contractual principal balance outstanding as of June 30, 2025, December 31, 2024 and June 30, 2024 for loans held-for-investment measured at fair value under ASC 825 was $136.1 million, $157.8 million and $136.1 million, respectively, while the aggregate fair value of loans held-for-investment was $136.9 million, $158.8 million and $135.8 million, respectively, as shown in the above tables. The changes in Level 3 assets measured at fair value on a recurring basis during the three and six months ended June 30, 2025 and 2024 are summarized as follows:Mortgage loans held-for-saleLoans held-for- investmentMortgageservicing rightsDerivative assets(In thousands)MunicipalBalance at April 1, 2025$121,844 $56,324 $34,002 $196,307 $5,493 Total net (losses) gains included in:Net income (1)— 479 565 (3,246)55 Other comprehensive income or loss(2,353)— — — — Purchases— — — — — Settlements(3,416)(44,819)(7,778)— — Net transfers into Level 3 — 15,184 26,248 — — Balance at June 30, 2025$116,075