Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 74

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 74
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 (benefit) expense of $(676,520), $403,000 and $(5.4) million in 2024, 2023 and 2022, respectively. 

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The amortized cost and fair value of investment securities as of December 31, 2024 and December 31, 2023, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties:  December 31, 2024December 31, 2023(In thousands)AmortizedCostFair ValueAmortizedCostFair ValueAvailable-for-sale securitiesDue in one year or less$89,578 $89,392 $53,162 $52,945 Due in one to five years157,883 153,325 132,348 123,985 Due in five to ten years89,125 84,240 82,040 76,869 Due after ten years24,674 21,650 18,705 15,782 Mortgage-backed4,364,279 3,792,875 3,693,559 3,233,334 Total available-for-sale securities$4,725,539 $4,141,482 $3,979,814 $3,502,915 Held-to-maturity securitiesDue in one year or less$18,929 $18,658 $5,169 $5,142 Due in one to five years110,897 108,056 109,602 105,835 Due in five to ten years71,846 70,277 99,700 98,718 Due after ten years329,734 258,379 352,474 283,506 Mortgage-backed3,082,314 2,455,180 3,290,318 2,722,267 Total held-to-maturity securities$3,613,720 $2,910,550 $3,857,263 $3,215,468 Less: Allowance for credit losses(457)(347)Held-to-maturity securities