Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 45

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 45
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 the secondary market. The subjective factors include loan prepayment speeds, discount rates, servicing costs and other economic factors. The Company uses a third party to assist in the valuation of MSRs. Periodically, the Company will purchase options for the right to purchase securities not currently held within the banks’ investment portfolios or enter into interest rate swaps in which the Company elects not to designate such derivatives as hedging instruments. These option and swap transactions are designed primarily to economically hedge a portion of the fair value adjustments related to the Company’s MSRs. The gain or loss associated with these derivative contracts is included in mortgage banking revenue. For more information regarding these hedges outstanding as of September 30, 2025 and September 30, 2024, see Note (14) “Derivative Financial Instruments” in Item 1 of this report.

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Table of Contents

(10) Deposits

The following table is a summary of deposits as of the dates shown: (Dollars in thousands)September 30,2025December 31,2024September 30,2024Balance:Non-interest-bearing$10,952,146 $11,410,018 $10,739,132 NOW and interest-bearing demand deposits6,710,919 5,865,546 5,466,932 Wealth management deposits1,600,735 1,469,064 1,303,354 Money market20,270,382 17,975,191 17,713,726 Savings6,758,743 6,372,499 6,183,249 Time certificates of deposit10,418,456 9,420,031 9,998,573 Total deposits$56,711,381 $52,512,349 $51,404,966 Mix:Non-interest-bearing19 %22 %21 %NOW and interest-bearing demand deposits12 11 11 Wealth management deposits3 3 3 Money market36 34 34 Savings12 12 12 Time certificates of deposit18 18 19 Total deposits100 %100 %100 %Wealth management deposits represent deposit balances (primarily money market accounts) at the Company’s subsidiary banks from brokerage customers of Wintrust Investments, LLC (“Wintrust Investments”), Chicago Deferred Exchange Company (“CDEC”) and trust and asset management customers of the Company.

(11) FHLB Advances, Other