Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 71

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 71
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icing rightsDerivative Assets(In thousands)MunicipalBalance at January 1, 2024$86,237 $26,835 $60,670 $192,456 $4,510 Total net (losses) gains included in:Net income (1)— 272 (251)12,154 285 Other comprehensive income or loss(2,668)— — — — Purchases18,066 — — — — Sales— — — — — Settlements(5,843)(20,609)(23,512)— — Net transfers into Level 3— 34,047 8,814 — — Balance at June 30, 2024$95,792 $40,545 $45,721 $204,610 $4,795 (1)Changes in the balance of mortgage loans held-for-sale, MSRs and derivative assets related to fair value adjustments are recorded as components of mortgage banking revenue. Changes in the balance of loans held-for-investment related to fair value adjustments are recorded as other non-interest income. 

Also, the Company may be required, from time to time, to measure certain other assets at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from impairment charges on individual assets. For assets measured at fair value on a non-recurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at June 30, 2025:June 30, 2025Three Months Ended June 30, 2025Fair Value Losses  Recognized, netSix Months Ended June 30, 2025Fair Value Losses Recognized, net(In thousands)TotalLevel 1Level 2Level 3Individually assessed loans - foreclosure probable and collateral-dependent$143,486 $— $— $143,486 $11,075 $21,155 Other real estate owned (1)23,615 — — 23,615 325 816 Total$167,101 $— $— $167,101 $11,400 $21,971 (1)Net fair value losses recognized on other real estate owned include valuation adjustments and charge-offs during the respective period.Individ