StockSelector.com
  Research, Select, & Monitor Wednesday, September 26, 2018 1:04:06 AM ET  
Trade Ideas The Market Industries Stocks Portfolio

 
Ticker Lookup
Wintrust Financial Corp.$88.71($.36)(.40%)

  Quote | Ranking | Chart | Valuations | Sentiment | Industry | News | Earnings | Analysts | More...

Your Target?

 Wintrust Financial Corporation Reports Record Fourth Quarter 2016 Net Income, an Increase of 54% Over Prior Year, and Record Full-Year 2016 Net Income of $206.9 million, an Increase of 32% Over Prior Year
   Wednesday, January 18, 2017 5:45:31 PM ET

Wintrust Financial Corporation ("Wintrust" or "the Company") (WTFC ) announced net income of $54.6 million or $0.94 per diluted common share for the fourth quarter of 2016 compared to net income of $53.1 million or $0.92 per diluted common share for the third quarter of 2016 and $35.5 million or $0.64 per diluted common share for the fourth quarter of 2015. The Company recorded net income of $206.9 million or $3.66 per diluted common share for the year ended 2016 compared to net income of $156.7 million or $2.93 per diluted common share for the same period of 2015.

Highlights of the Fourth Quarter of 2016 *:

-- Total loans, excluding covered loans and mortgage loans held-for-sale, increased by $602 million, or 13% on an annualized basis, to $19.7 billion. Loan growth included $79 million of loans acquired in relation to the acquisition of First Community Financial Corporation ("FCFC"), which was completed in mid-November.



-- Total assets increased by $347 million and now total $25.7 billion.

-- Total deposits increased by $511 million to $21.7 billion. Non-interest bearing deposit accounts comprise 27% of total deposits.

-- Mortgage banking revenue remained strong, totaling $35.5 million during the fourth quarter, which included a $1.2 million positive fair value adjustment related to mortgage servicing rights assets. Origination volumes totaled $1.2 billion in that period.

-- Net charge-offs, excluding covered loans, decreased to $2.8 million. Net charge-offs as a percentage of average total loans, excluding covered loans, decreased to 6 bps compared to 12 bps during the third quarter.

-- Net interest income increased $6.1 million primarily as a result of earning assets growth.

-- Acquisition and non-operating compensation charges totaled $1.0 million during the quarter.

-- Recorded a $717,000 loss on extinguishment of debt as a result of the prepayment of $262 million of Federal Home Loan Bank advances.

* See "Supplemental Financial Measures/Ratios" on pages 10-11 for more information on non-GAAP measures.

Edward J. Wehmer, President and Chief Executive Officer, commented, "Wintrust reported record net income of $54.6 million for the fourth quarter 2016 and record annual net income of $206.9 million for the full year of 2016. These results were driven by our continued strong asset growth throughout 2016 while maintaining our commitment to controlling operating expenses with our net overhead ratio ending 2016 at 1.47%, which is below our previously stated goal of 1.50%. The fourth quarter of 2016 was also characterized by continued deposit growth, strong performance from our mortgage banking activities, stable credit quality metrics and the acquisition of First Community Financial Corporation."

Mr. Wehmer continued, "Excluding covered loans and mortgage loans held-for-sale, we grew our loan portfolio by $602 million during the fourth quarter, which included $79 million of loans acquired in relation to the acquisition of First Community Financial Corporation. The increased loan volumes and stable net interest margin during the quarter resulted in an increase in net interest income of $6.1 million. Our loan pipelines remain consistently strong and we are well positioned for rising interest rates in the future. Strong deposit growth continued in the fourth quarter of 2016 as deposits increased $511 million over the third quarter of 2016, which included $150 million from the acquisition of First Community Financial Corporation, with total deposits reaching $21.7 billion as of the end of the fourth quarter. Demand deposits increased $216 million in the fourth quarter, now totaling $5.9 billion and comprising 27% of our overall deposit base."

Commenting on credit quality, Mr. Wehmer noted, "During the fourth quarter of 2016, the Company has continued its practice of timely addressing and resolving non-performing credits. Excluding covered loans, net charge-offs totaled $2.8 million in the current quarter, decreasing $2.9 million from the third quarter of 2016. Additionally, net charge-offs as a percentage of average total loans decreased to 0.06% from 0.12% in the third quarter. Total non-performing loans as a percentage of total loans, excluding covered loans, remained steady at 0.44% at the end of the year. Additionally, the allowance for loan losses as a percentage of non-performing loans, excluding covered loans, remained strong at 140%. We believe that the Company’s reserves remain appropriate."

Mr. Wehmer further commented, "Mortgage banking revenue in the fourth quarter totaled $35.5 million, a slight increase of $777,000 compared to the third quarter of 2016. Revenue for the fourth quarter of 2016 was impacted by a $1.2 million positive fair value adjustment on mortgage servicing rights assets. Despite typical seasonality, our mortgage operations experienced strong origination volumes in the fourth quarter totaling $1.2 billion for the period compared to $1.3 billion during the third quarter of 2016 and $808.9 million during the fourth quarter of 2015. Given the recent rise in interest rates and typical seasonality, we expect originations to decrease in the first quarter of 2017. However, we continue to look for opportunities to further enhance the mortgage banking business both organically and through acquisitions."

Turning to the future, Mr. Wehmer stated, "The past year marked the 25th anniversary of the founding of Wintrust’s first bank. Since our beginning in 1991, we have focused on serving our customers, communities, employees and shareholders, and will continue to take a steady and measured approach to achieve our main objectives of growing franchise value, increasing profitability, leveraging our expense infrastructure and increasing shareholder value. We expect our growth engine to continue its momentum into 2017 in all areas of our business. Loan growth at the end of the current quarter should add to this momentum as period-end loan balances, excluding loans held-for-sale and covered loans, exceeded the fourth quarter average balances by approximately $472 million. Additionally, investing excess liquidity held at year-end and the benefit from anticipated interest rate increases should have a positive impact on net interest margin and net interest income. Evaluating strategic acquisitions and organic branch growth will continue to be a part of our overall growth strategy with the goal of becoming Chicago’s bank and Wisconsin’s bank. Our opportunities for both internal growth and external growth remain consistently strong."

The graphs below illustrate certain highlights of the fourth quarter of 2016.

http://www.globenewswire.com/NewsRoom/AttachmentNg/820c4ce1-6da8-4a78-bd15-19f2cc4c06d5

Wintrust’s key operating measures and growth rates for the fourth quarter of 2016, as compared to the sequential and linked quarters, are shown in the table below:

                                                                                                                                                      % or                           % or
                                                                                                                                                      basis point  (bp) change from  basis point  (bp)
                                                                                                                                                      3rd Quarter                    change from
                                                                                                                                                      2016                           4th Quarter
                                                                                                                                                                                     2015
                                                                     Three Months Ended
(Dollars in thousands)                                               December 31,               September 30,              December 31,
                                                                     2016                       2016                       2015
Net income                                                           $           54,608         $           53,115         $           35,512         3             %                54            %
Net income per common share - diluted                                $           0.94           $           0.92           $           0.64           2             %                47            %
Net revenue                                                          $           276,053        $           271,240        $           232,296        2             %                19            %
Net interest income                                                  $           190,778        $           184,636        $           167,206        3             %                14            %
Net interest margin                                                  3.21                    %  3.21                    %  3.26                    %  --            bp               (5          ) bp
Net interest margin - fully taxable equivalent (non-GAAP)            3.23                    %  3.24                    %  3.29                    %  (1          ) bp               (6          ) bp
Net overhead ratio                                                   1.48                    %  1.44                    %  1.82                    %  4             bp               (34         ) bp
Return on average assets                                             0.85                    %  0.85                    %  0.63                    %  --            bp               22            bp
Return on average common equity                                      8.32                    %  8.20                    %  6.03                    %  12            bp               229           bp
Return on average tangible common equity (non-GAAP)                  10.68                   %  10.55                   %  8.12                    %  13            bp               256           bp
At end of period
Total assets                                                         $           25,668,553     $           25,321,759     $           22,909,348     5             %                12            %
Total loans, excluding loans held-for-sale, excluding covered loans  19,703,172                 19,101,261                 17,118,117                 13            %                15            %
Total loans, including loans held-for-sale, excluding covered loans  20,121,546                 19,660,895                 17,506,155                 9             %                15            %
Total deposits                                                       21,658,632                 21,147,655                 18,639,634                 10            %                16            %
Total shareholders’ equity                                           2,695,617                  2,674,474                  2,352,274                  3             %                15            %
(1) Net revenue is net interest income plus non-interest income.
(2) See "Supplemental Financial Measures/Ratios" for additional information on this performance measure/ratio.
(3) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period’s average total assets. A lower ratio indicates a higher degree of efficiency.
(4) Period-end balance sheet percentage changes are annualized.

Certain returns, yields, performance ratios, or quarterly growth rates are "annualized" in this presentation to represent an annual time period. This is done for analytical purposes to better discern for decision-making purposes underlying performance trends when compared to full-year or year-over-year amounts. For example, a 5% growth rate for a quarter would represent an annualized 20% growth rate. Additional supplemental financial information showing quarterly trends can be found on the Company’s website at www.wintrust.com by choosing "Financial Reports" under the "Investor Relations" heading, and then choosing "Financial Highlights."

WINTRUST FINANCIAL CORPORATION

Selected Financial Highlights

                                                                                                  Three Months Ended                                                               Years Ended
(Dollars in thousands, except per share data)                                                     December 31,               September 30,              December 31,               December 31,               December 31,
                                                                                                  2016                       2016                       2015                       2016                       2015
Selected Financial Condition Data (at end of period):
Total assets                                                                                      $           25,668,553     $           25,321,759     $           22,909,348
Total loans, excluding loans held-for-sale and covered loans                                      19,703,172                 19,101,261                 17,118,117
Total deposits                                                                                    21,658,632                 21,147,655                 18,639,634
Junior subordinated debentures                                                                    253,566                    253,566                    268,566
Total shareholders’ equity                                                                        2,695,617                  2,674,474                  2,352,274
Selected Statements of Income Data:
Net interest income                                                                               $           190,778        $           184,636        $           167,206        $           722,193        $           641,529
Net revenue                                                                                       276,053                    271,240                    232,296                    1,047,623                  913,126
Net income                                                                                        54,608                     53,115                     35,512                     206,875                    156,749
Net income per common share - Basic                                                               $           0.98           $           0.96           $           0.66           $           3.83           $           3.05
Net income per common share - Diluted                                                             $           0.94           $           0.92           $           0.64           $           3.66           $           2.93
Selected Financial Ratios and Other Data:
Performance Ratios:
Net interest margin                                                                               3.21                    %  3.21                    %  3.26                    %  3.24                    %  3.34                    %
Net interest margin - fully taxable equivalent (non-GAAP)                                         3.23                    %  3.24                    %  3.29                    %  3.26                    %  3.36                    %
Non-interest income to average assets                                                             1.32                    %  1.38                    %  1.16                    %  1.34                    %  1.29                    %
Non-interest expense to average assets                                                            2.80                    %  2.82                    %  2.98                    %  2.81                    %  2.99                    %
Net overhead ratio                                                                                1.48                    %  1.44                    %  1.82                    %  1.47                    %  1.70                    %
Return on average assets                                                                          0.85                    %  0.85                    %  0.63                    %  0.85                    %  0.75                    %
Return on average common equity                                                                   8.32                    %  8.20                    %  6.03                    %  8.37                    %  7.15                    %
Return on average tangible common equity (non-GAAP)                                               10.68                   %  10.55                   %  8.12                    %  10.90                   %  9.44                    %
Average total assets                                                                              $           25,611,060     $           24,879,252     $           22,225,112     $           24,292,231     $           20,999,837
Average total shareholders’ equity                                                                2,689,876                  2,651,684                  2,347,545                  2,549,929                  2,232,989
Average loans to average deposits ratio (excluding loans held-for-sale, excluding covered loans)  89.6                    %  89.8                    %  90.2                    %  90.9                    %  89.9                    %
Average loans to average deposits ratio (excluding loans held-for-sale, including covered loans)  89.9                    %  90.3                    %  91.0                    %  91.4                    %  91.0                    %
Common Share Data at end of period:
Market price per common share                                                                     $           72.57          $           55.57          $           48.52
Book value per common share                                                                       $           47.12          $           46.86          $           43.42
Tangible common book value per share                                                              $           37.08          $           37.06          $           33.17
Common shares outstanding                                                                         51,880,540                 51,714,683                 48,383,279
Other Data at end of period:
Leverage Ratio                                                                                    8.9                     %  9.0                     %  9.1                     %
Tier 1 capital to risk-weighted assets                                                            9.7                     %  9.8                     %  10.0                    %
Common equity Tier 1 capital to risk-weighted assets                                              8.6                     %  8.7                     %  8.4                     %
Total capital to risk-weighted assets                                                             11.9                    %  12.1                    %  12.2                    %
Allowance for credit losses                                                                       $           123,964        $           119,341        $           106,349
Non-performing loans                                                                              87,454                     83,128                     84,057
Allowance for credit losses to total loans                                                        0.63                    %  0.62                    %  0.62                    %
Non-performing loans to total loans                                                               0.44                    %  0.44                    %  0.49                    %
Number of:
Bank subsidiaries                                                                                 15                         15                         15
Banking offices                                                                                   155                        152                        152
(1) Net revenue includes net interest income and non-interest income.
(2) See "Supplemental Financial Measures/Ratios" for additional information on this performance measure/ratio.
(3) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period’s total average assets. A lower ratio indicates a higher degree of efficiency.
(4) Capital ratios for current quarter-end are estimated.  As of January 1, 2015 capital ratios are calculated under the requirements of Basel III.
(5) The allowance for credit losses includes both the allowance for loan losses and the allowance for unfunded lending-related commitments, but excludes the allowance for covered loan losses.
(6) Asset quality ratios exclude covered loans.

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CONDITION

                                                                     (Unaudited)            (Unaudited)
(In thousands)                                                       December 31,           September 30,          December 31,
                                                                     2016                   2016                   2015
Assets
Cash and due from banks                                              $     267,194          $     242,825          $     271,454
Federal funds sold and securities purchased under resale agreements  2,851                  4,122                  4,341
Interest bearing deposits with banks                                 980,457                816,104                607,782
Available-for-sale securities, at fair value                         1,724,667              1,650,096              1,716,388
Held-to-maturity securities, at amortized cost                       635,705                932,767                884,826
Trading account securities                                           1,989                  1,092                  448
Federal Home Loan Bank and Federal Reserve Bank stock                133,494                129,630                101,581
Brokerage customer receivables                                       25,181                 25,511                 27,631
Mortgage loans held-for-sale                                         418,374                559,634                388,038
Loans, net of unearned income, excluding covered loans               19,703,172             19,101,261             17,118,117
Covered loans                                                        58,145                 95,940                 148,673
Total loans                                                          19,761,317             19,197,201             17,266,790
Allowance for loan losses                                            (122,291         )     (117,693         )     (105,400         )
Allowance for covered loan losses                                    (1,322           )     (1,422           )     (3,026           )
Net loans                                                            19,637,704             19,078,086             17,158,364
Premises and equipment, net                                          597,301                597,263                592,256
Lease investments, net                                               129,402                116,355                63,170
Accrued interest receivable and other assets                         593,796                660,923                597,099
Trade date securities receivable                                     --                     677                    --
Goodwill                                                             498,587                485,938                471,761
Other intangible assets                                              21,851                 20,736                 24,209
Total assets                                                         $     25,668,553       $     25,321,759       $     22,909,348
Liabilities and Shareholders’ Equity
Deposits:
Non-interest bearing                                                 $     5,927,377        $     5,711,042        $     4,836,420
Interest bearing                                                     15,731,255             15,436,613             13,803,214
Total deposits                                                       21,658,632             21,147,655             18,639,634
Federal Home Loan Bank advances                                      153,831                419,632                853,431
Other borrowings                                                     262,486                241,366                265,785
Subordinated notes                                                   138,971                138,943                138,861
Junior subordinated debentures                                       253,566                253,566                268,566
Trade date securities payable                                        --                     --                     538
Accrued interest payable and other liabilities                       505,450                446,123                390,259
Total liabilities                                                    22,972,936             22,647,285             20,557,074
Shareholders’ Equity:
Preferred stock                                                      251,257                251,257                251,287
Common stock                                                         51,978                 51,811                 48,469
Surplus                                                              1,365,781              1,356,759              1,190,988
Treasury stock                                                       (4,589           )     (4,522           )     (3,973           )
Retained earnings                                                    1,096,518              1,051,748              928,211
Accumulated other comprehensive loss                                 (65,328          )     (32,579          )     (62,708          )
Total shareholders’ equity                                           2,695,617              2,674,474              2,352,274
Total liabilities and shareholders’ equity                           $     25,668,553       $     25,321,759       $     22,909,348

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

                                                                    Three Months Ended                                   Years Ended
(In thousands, except per share data)                               December 31,   September 30,      December 31,       December 31,   December 31,
                                                                    2016           2016               2015               2016           2015
Interest income
Interest and fees on loans                                          $    199,155   $    190,189       $    169,501       $    741,001   $    651,831
Interest bearing deposits with banks                                1,541          1,156              493                4,236          1,486
Federal funds sold and securities purchased under resale agreements 1              1                  --                 4              4
Investment securities                                               12,954         15,496             16,405             62,038         61,006
Trading account securities                                          32             18                 25                 75             108
Federal Home Loan Bank and Federal Reserve Bank stock               1,144          1,094              857                4,287          3,232
Brokerage customer receivables                                      186            195                206                816            797
Total interest income                                               215,013        208,149            187,487            812,457        718,464
Interest expense
Interest on deposits                                                16,413         15,621             12,617             58,409         48,863
Interest on Federal Home Loan Bank advances                         2,439          2,577              2,684              10,886         9,110
Interest on other borrowings                                        1,074          1,137              1,007              4,355          3,627
Interest on subordinated notes                                      1,779          1,778              1,777              7,111          7,105
Interest on junior subordinated debentures                          2,530          2,400              2,196              9,503          8,230
Total interest expense                                              24,235         23,513             20,281             90,264         76,935
Net interest income                                                 190,778        184,636            167,206            722,193        641,529
Provision for credit losses                                         7,350          9,571              9,059              34,084         32,942
Net interest income after provision for credit losses               183,428        175,065            158,147            688,109        608,587
Non-interest income
Wealth management                                                   19,512         19,334             18,634             76,018         73,452
Mortgage banking                                                    35,489         34,712             23,317             128,743        115,011
Service charges on deposit accounts                                 8,054          8,024              7,210              31,210         27,384
Gains (losses) on investment securities, net                        1,575          3,305              (79          )     7,645          323
Fees from covered call options                                      1,476          3,633              3,629              11,470         15,364
Trading gains (losses), net                                         1,007          (432         )     205                91             (247         )
Operating lease income, net                                         5,171          4,459              1,973              16,441         2,728
Other                                                               12,991         13,569             10,201             53,812         37,582
Total non-interest income                                           85,275         86,604             65,090             325,430        271,597
Non-interest expense
Salaries and employee benefits                                      104,735        103,718            99,780             405,158        382,080
Equipment                                                           9,532          9,449              8,799              37,055         32,889
Operating lease equipment depreciation                              4,219          3,605              1,202              13,259         1,749
Occupancy, net                                                      14,254         12,767             13,062             50,912         48,880
Data processing                                                     7,687          7,432              7,284              28,776         26,940
Advertising and marketing                                           6,691          7,365              5,373              24,776         21,924
Professional fees                                                   5,425          5,508              4,387              20,411         18,225
Amortization of other intangible assets                             1,158          1,085              1,324              4,789          4,621
FDIC insurance                                                      4,726          3,686              3,317              16,065         12,386
OREO expense, net                                                   1,843          1,436              2,598              5,187          4,483
Other                                                               20,101         20,564             19,703             75,297         74,242
Total non-interest expense                                          180,371        176,615            166,829            681,685        628,419
Income before taxes                                                 88,332         85,054             56,408             331,854        251,765
Income tax expense                                                  33,724         31,939             20,896             124,979        95,016
Net income                                                          $    54,608    $    53,115        $    35,512        $    206,875   $    156,749
Preferred stock dividends and discount accretion                    3,629          3,628              3,629              14,513         10,869
Net income applicable to common shares                              $    50,979    $    49,487        $    31,883        $    192,362   $    145,880
Net income per common share - Basic                                 $    0.98      $    0.96          $    0.66          $    3.83      $    3.05
Net income per common share - Diluted                               $    0.94      $    0.92          $    0.64          $    3.66      $    2.93
Cash dividends declared per common share                            $    0.12      $    0.12          $    0.11          $    0.48      $    0.44
Weighted average common shares outstanding                          51,812         51,679             48,371             50,278         47,838
Dilutive potential common shares                                    4,152          4,047              4,005              3,994          4,099
Average common shares and dilutive common shares                    55,964         55,726             52,376             54,272         51,937

EARNINGS PER SHARE

The following table shows the computation of basic and diluted earnings per share for the periods indicated:

                                                                                     Three Months Ended                        Years Ended
(In thousands, except per share data)                                                December 31,  September 30, December 31,  December 31,   December 31,
                                                                                     2016          2016          2015          2016           2015
Net income                                                                           $    54,608   $    53,115   $    35,512   $    206,875   $    156,749
Less: Preferred stock dividends and discount accretion                               3,629         3,628         3,629         14,513         10,869
Net income applicable to common shares--Basic                                 (A)    50,979        49,487        31,883        192,362        145,880
Add: Dividends on convertible preferred stock, if dilutive                           1,578         1,578         1,579         6,313          6,314
Net income applicable to common shares--Diluted                               (B)    52,557        51,065        33,462        198,675        152,194
Weighted average common shares outstanding                                    (C)    51,812        51,679        48,371        50,278         47,838
Effect of dilutive potential common shares:
Common stock equivalents                                                             1,052         938           935           894            1,029
Convertible preferred stock, if dilutive                                             3,100         3,109         3,070         3,100          3,070
Weighted average common shares and effect of dilutive potential common shares (D)    55,964        55,726        52,376        54,272         51,937
Net income per common share:
Basic                                                                         (A/C)  $    0.98     $    0.96     $    0.66     $    3.83      $    3.05
Diluted                                                                       (B/D)  $    0.94     $    0.92     $    0.64     $    3.66      $    2.93

Potentially dilutive common shares can result from stock options, restricted stock unit awards, stock warrants, the Company’s convertible preferred stock and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect would reduce the loss per share or increase the income per share. For diluted earnings per share, net income applicable to common shares can be affected by the conversion of the Company’s convertible preferred stock. Where the effect of this conversion would reduce the loss per share or increase the income per share, net income applicable to common shares is not adjusted by the associated preferred dividends.

SUPPLEMENTAL FINANCIAL MEASURES/RATIOS

The accounting and reporting policies of Wintrust conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non-GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. These include taxable-equivalent net interest income (including its individual components), taxable-equivalent net interest margin (including its individual components), the taxable-equivalent efficiency ratio, tangible common equity ratio, tangible common book value per share and return on average tangible common equity. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company’s interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.

Management reviews yields on certain asset categories and the net interest margin of the Company and its banking subsidiaries on a fully taxable-equivalent ("FTE") basis. In this non-GAAP presentation, net interest income is adjusted to reflect tax-exempt interest income on an equivalent before-tax basis. This measure ensures comparability of net interest income arising from both taxable and tax-exempt sources. Net interest income on a FTE basis is also used in the calculation of the Company’s efficiency ratio. The efficiency ratio, which is calculated by dividing non-interest expense by total taxable-equivalent net revenue (less securities gains or losses), measures how much it costs to produce one dollar of revenue. Securities gains or losses are excluded from this calculation to better match revenue from daily operations to operational expenses. Management considers the tangible common equity ratio and tangible book value per common share as useful measurements of the Company’s equity. The Company references the return on average tangible common equity as a measurement of profitability.

The following table presents a reconciliation of certain non-GAAP performance measures and ratios used by the Company to evaluate and measure the Company’s performance to the most directly comparable GAAP financial measures for the last five quarters.

                                                                                                Three Months Ended                                                                                         Years Ended
                                                                                                December 31,          September 30,         June 30,            March 31,            December 31,          December 31,       December 31,
(Dollars and shares in thousands)                                                               2016                  2016                  2016                2016                 2015                  2016               2015
Calculation of Net Interest Margin and Efficiency Ratio
(A) Interest Income (GAAP)                                                                      $    215,013          $    208,149          $    197,064        $    192,231         $    187,487          $    812,457       $    718,464
Taxable-equivalent adjustment:
- Loans                                                                                         666                   584                   523                 509                  430                   2,282              1,431
- Liquidity Management Assets                                                                   815                   963                   932                 920                  866                   3,630              3,221
- Other Earning Assets                                                                          17                    9                     8                   6                    13                    40                 57
(B) Interest Income - FTE                                                                       $    216,511          $    209,705          $    198,527        $    193,666         $    188,796          $    818,409       $    723,173
(C) Interest Expense (GAAP)                                                                     24,235                23,513                21,794              20,722               20,281                90,264             76,935
(D) Net Interest Income - FTE (B minus C)                                                       $    192,276          $    186,192          $    176,733        $    172,944         $    168,515          $    728,145       $    646,238
(E) Net Interest Income (GAAP) (A minus C)                                                      $    190,778          $    184,636          $    175,270        $    171,509         $    167,206          $    722,193       $    641,529
Net interest margin (GAAP-derived)                                                              3.21            %     3.21            %     3.24            %   3.29            %    3.26            %     3.24         %     3.34         %
Net interest margin - FTE                                                                       3.23            %     3.24            %     3.27            %   3.32            %    3.29            %     3.26         %     3.36         %
(F) Non-interest income                                                                         $    85,275           $    86,604           $    84,799         $    68,752          $    65,090           $    325,430       $    271,597
(G) Gains (losses) on investment securities, net                                                1,575                 3,305                 1,440               1,325                (79             )     7,645              323
(H) Non-interest expense                                                                        180,371               176,615               170,969             153,730              166,829               681,685            628,419
Efficiency ratio (H/(E+F-G))                                                                    65.71           %     65.92           %     66.11           %   64.34           %    71.79           %     65.55        %     68.84        %
Efficiency ratio - FTE (H/(D+F-G))                                                              65.36           %     65.54           %     65.73           %   63.96           %    71.39           %     65.18        %     68.49        %
Calculation of Tangible Common Equity ratio (at period end)
Total shareholders’ equity                                                                      $    2,695,617        $    2,674,474        $    2,623,595      $    2,418,442       $    2,352,274
(I) Less: Convertible preferred stock                                                           (126,257        )     (126,257        )     (126,257        )   (126,257        )    (126,287        )
Less:  Non-convertible preferred stock                                                          (125,000        )     (125,000        )     (125,000        )   (125,000        )    (125,000        )
Less: Intangible assets                                                                         (520,438        )     (506,674        )     (507,916        )   (508,005        )    (495,970        )
(J) Total tangible common shareholders’ equity                                                  $    1,923,922        $    1,916,543        $    1,864,422      $    1,659,180       $    1,605,017
Total assets                                                                                    $    25,668,553       $    25,321,759       $    24,420,616     $    23,488,168      $    22,909,348
Less: Intangible assets                                                                         (520,438        )     (506,674        )     (507,916        )   (508,005        )    (495,970        )
(K) Total tangible assets                                                                       $    25,148,115       $    24,815,085       $    23,912,700     $    22,980,163      $    22,413,378
Tangible common equity ratio (J/K)                                                              7.7             %     7.7             %     7.8             %   7.2             %    7.2             %
Tangible common equity ratio, assuming full conversion of convertible preferred stock ((J-I)/K) 8.2             %     8.2             %     8.3             %   7.8             %    7.7             %
Calculation of book value per share
Total shareholders’ equity                                                                      $    2,695,617        $    2,674,474        $    2,623,595      $    2,418,442       $    2,352,274
Less: Preferred stock                                                                           (251,257        )     (251,257        )     (251,257        )   (251,257        )    (251,287        )
(L) Total common equity                                                                         $    2,444,360        $    2,423,217        $    2,372,338      $    2,167,185       $    2,100,987
(M) Actual common shares outstanding                                                            51,881                51,715                51,619              48,519               48,383
Book value per common share (L/M)                                                               $    47.12            $    46.86            $    45.96          $    44.67           $    43.42
Tangible common book value per share (J/M)                                                      $    37.08            $    37.06            $    36.12          $    34.20           $    33.17
Calculation of return on average common equity
(N) Net income applicable to common shares                                                      50,979                49,487                46,413              45,483               31,883                192,362            145,880
Add: After-tax intangible asset amortization                                                    716                   677                   781                 812                  834                   2,986              2,879
(O) Tangible net income applicable to common shares                                             51,695                50,164                47,194              46,295               32,717                195,348            148,759
Total average shareholders’ equity                                                              2,689,876             2,651,684             2,465,732           2,389,770            2,347,545             2,549,929          2,232,989
Less: Average preferred stock                                                                   (251,257        )     (251,257        )     (251,257        )   (251,262        )    (251,293        )     (251,258     )     (191,416     )
(P) Total average common shareholders’ equity                                                   2,438,619             2,400,427             2,214,475           2,138,508            2,096,252             2,298,671          2,041,573
Less: Average intangible assets                                                                 (513,017        )     (508,812        )     (507,439        )   (495,594        )    (497,199        )     (506,241     )     (466,225     )
(Q) Total average tangible common shareholders’ equity                                          1,925,602             1,891,615             1,707,036           1,642,914            1,599,053             1,792,430          1,575,348
Return on average common equity, annualized  (N/P)                                              8.32            %     8.20            %     8.43            %   8.55            %    6.03            %     8.37         %     7.15         %
Return on average tangible common equity, annualized (O/Q)                                      10.68           %     10.55           %     11.12           %   11.33           %    8.12            %     10.90        %     9.44         %

LOANS

Loan Portfolio Mix and Growth Rates

                                                                                                                                % Growth
(Dollars in thousands)                                        December 31,          September 30,         December 31,          From           From
                                                              2016                  2016                  2015                  September 30,  December 31,
                                                                                                                                2016           2015
Balance:
Commercial                                                    $    6,005,422        $    5,951,544        $    4,713,909        4      %       27     %
Commercial real estate                                        6,196,087             5,908,684             5,529,289             19             12
Home equity                                                   725,793               742,868               784,675               (9     )       (8     )
Residential real estate                                       705,221               663,598               607,451               25             16
Premium finance receivables - commercial                      2,478,581             2,430,233             2,374,921             8              4
Premium finance receivables - life insurance                  3,470,027             3,283,359             2,961,496             23             17
Consumer and other                                            122,041               120,975               146,376               4              (17    )
Total loans, net of unearned income, excluding covered loans  $    19,703,172       $    19,101,261       $    17,118,117       13     %       15     %
Covered loans                                                 58,145                95,940                148,673               (157   )       (61    )
Total loans, net of unearned income                           $    19,761,317       $    19,197,201       $    17,266,790       12     %       14     %
Mix:
Commercial                                                    30              %     31              %     27              %
Commercial real estate                                        31                    31                    32
Home equity                                                   4                     4                     5
Residential real estate                                       4                     3                     3
Premium finance receivables - commercial                      12                    13                    14
Premium finance receivables - life insurance                  18                    17                    17
Consumer and other                                            1                     1                     1
Total loans, net of unearned income, excluding covered loans  100             %     100             %     99              %
Covered loans                                                 --                    --                    1
Total loans, net of unearned income                           100             %     100             %     100             %
(1)  Annualized

Commercial and Commercial Real Estate Loan Portfolios

As of December 31, 2016                                                           % of           Nonaccrual                > 90 Days                 Allowance
                                                                                  Total                                    Past Due                  For Loan
                                                                                  Balance                                  and Still                 Losses
                                                                                                                           Accruing                  Allocation
(Dollars in thousands)                                  Balance
Commercial:
Commercial, industrial and other                        $           3,744,712     30.7        %  $           13,441        $           174           $           29,831
Franchise                                               869,721                   7.1            --                        --                        4,744
Mortgage warehouse lines of credit                      204,225                   1.7            --                        --                        1,548
Asset-based lending                                     875,070                   7.2            1,924                     --                        6,860
Leases                                                  294,914                   2.4            510                       --                        858
PCI - commercial loans                                  16,780                    0.1            --                        1,689                     652
Total commercial                                        $           6,005,422     49.2        %  $           15,875        $           1,863         $           44,493
Commercial Real Estate:
Construction                                            $           610,239       5.0         %  $           2,408         $           --            $           7,304
Land                                                    104,801                   0.9            394                       --                        3,679
Office                                                  867,674                   7.1            4,337                     --                        5,769
Industrial                                              770,601                   6.3            7,047                     --                        6,660
Retail                                                  912,593                   7.5            597                       --                        5,948
Multi-family                                            807,624                   6.6            643                       --                        8,070
Mixed use and other                                     1,952,175                 16.0           6,498                     --                        13,953
PCI - commercial real estate                            170,380                   1.4            --                        16,188                    39
Total commercial real estate                            $           6,196,087     50.8        %  $           21,924        $           16,188        $           51,422
Total commercial and commercial real estate             $           12,201,509    100.0       %  $           37,799        $           18,051        $           95,915
Commercial real estate - collateral location by state:
Illinois                                                $           4,927,270     79.4        %
Wisconsin                                               646,429                   10.4
Total primary markets                                   $           5,573,699     89.8        %
Indiana                                                 120,999                   2.0
Florida                                                 77,528                    1.3
Arizona                                                 53,512                    0.9
California                                              42,590                    0.7
Other (no individual state greater than 0.7%)           327,759                   5.3
Total                                                   $           6,196,087     100.0       %
(1) Purchased credit impaired ("PCI") loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.

DEPOSITS

Deposit Portfolio Mix and Growth Rates

                                                                                                                                             % Growth
(Dollars in thousands)                    December 31,                     September 30,                    December 31,                     From              From
                                          2016                             2016                             2015                             September 30,     December 31,
                                                                                                                                             2016              2015
Balance:
Non-interest bearing                      $              5,927,377         $              5,711,042         $              4,836,420         15             %  23             %
NOW and interest bearing demand deposits  2,624,442                        2,552,611                        2,390,217                        11                10
Wealth management deposits                2,209,617                        2,283,233                        1,643,653                        (13            )  34
Money market                              4,441,811                        4,421,631                        4,041,300                        2                 10
Savings                                   2,180,482                        1,977,661                        1,723,367                        41                27
Time certificates of deposit              4,274,903                        4,201,477                        4,004,677                        7                 7
Total deposits                            $              21,658,632        $              21,147,655        $              18,639,634        10             %  16             %
Mix:
Non-interest bearing                      27                            %  27                            %  26                            %
NOW and interest bearing demand deposits  12                               12                               13
Wealth management deposits                10                               11                               9
Money market                              21                               21                               22
Savings                                   10                               9                                9
Time certificates of deposit              20                               20                               21
Total deposits                            100                           %  100                           %  100                           %
(1) Annualized
(2) Represents deposit balances of the Company’s subsidiary banks from brokerage customers of Wayne Hummer Investments, trust and asset management customers of the Company and brokerage customers from unaffiliated companies which have been placed into deposit accounts.

Time Certificates of Deposit

Maturity/Re-pricing Analysis

As of December 31, 2016

(Dollars in thousands)  CDARs &         MaxSafe          Variable Rate    Other Fixed          Total Time         Weighted-Average
                        Brokered        Certificates     Certificates     Rate   Certificates  Certificates of    Rate of Maturing
                        Certificates    of Deposit       of Deposit       of Deposit           Deposit            Time Certificates
                        of Deposit                                                                                of Deposit
1-3 months              $      --       $      47,173    $      135,859   $      704,448       $      887,480     0.62     %
4-6 months              43,576          35,674           --               567,313              646,563            0.70     %
7-9 months              533             23,503           --               535,359              559,395            0.81     %
10-12 months            1,252           18,696           --               690,123              710,071            0.94     %
13-18 months            4,524           12,826           --               1,006,160            1,023,510          1.11     %
19-24 months            --              8,814            --               141,364              150,178            0.96     %
24+ months              1,249           19,797           --               276,660              297,706            1.30     %
Total                   $      51,134   $      166,483   $      135,859   $      3,921,427     $      4,274,903   0.89     %
(1) This category of certificates of deposit is shown by contractual maturity date.
(2) This category includes variable rate certificates of deposit and savings certificates with the majority repricing on at least a monthly basis.
(3) Weighted-average rate excludes the impact of purchase accounting fair value adjustments.

NET INTEREST INCOME

The following table presents a summary of Wintrust’s average balances, net interest income and related net interest margins, calculated on a fully tax-equivalent basis, for the fourth quarter of 2016 compared to the third quarter of 2016 (sequential quarters) and fourth quarter of 2015 (linked quarters), respectively:

                                           Average Balance                                                            Interest                                                                   Yield/Rate
                                           for three months ended,                                                    for three months ended,                                                    for three months ended,
(Dollars in thousands)                     December 31,             September 30,            December 31,             December 31,             September 30,            December 31,             December 31,  September 30, December 31,
                                           2016                     2016                     2015                     2016                     2016                     2015                     2016          2016          2015
Liquidity management assets                $          3,860,616     $          3,671,577     $          3,245,393     $          16,455        $          18,710        $          18,621        1.70       %  2.03       %  2.28       %
Other earning assets                       27,608                   29,875                   29,792                   235                      222                      244                      3.37          2.96          3.26
Loans, net of unearned income              19,711,504               19,071,621               16,889,922               198,861                  189,637                  168,060                  4.01          3.96          3.95
Covered loans                              59,827                   101,570                  154,846                  960                      1,136                    1,871                    6.38          4.45          4.79
Total earning assets                       $          23,659,555    $          22,874,643    $          20,319,953    $          216,511       $          209,705       $          188,796       3.64       %  3.65       %  3.69       %
Allowance for loan and covered loan losses (122,665              )  (121,156              )  (109,448              )
Cash and due from banks                    221,892                  240,239                  260,593
Other assets                               1,852,278                1,885,526                1,754,014
Total assets                               $          25,611,060    $          24,879,252    $          22,225,112
Interest-bearing deposits                  $          15,567,263    $          15,117,102    $          13,606,046    $          16,413        $          15,621        $          12,617        0.42       %  0.41       %  0.37       %
Federal Home Loan Bank advances            388,780                  459,198                  441,669                  2,439                    2,577                    2,684                    2.50          2.23          2.41
Other borrowings                           240,174                  249,307                  269,738                  1,074                    1,137                    1,007                    1.78          1.81          1.48
Subordinated notes                         138,953                  138,925                  138,852                  1,779                    1,778                    1,777                    5.12          5.12          5.12
Junior subordinated debentures             253,566                  253,566                  268,566                  2,530                    2,400                    2,196                    3.90          3.70          3.20
Total interest-bearing liabilities         $          16,588,736    $          16,218,098    $          14,724,871    $          24,235        $          23,513        $          20,281        0.58       %  0.58       %  0.55       %
Non-interest bearing deposits              5,902,439                5,566,983                4,776,977
Other liabilities                          430,009                  442,487                  375,719
Equity                                     2,689,876                2,651,684                2,347,545
Total liabilities and shareholders’ equity $          25,611,060    $          24,879,252    $          22,225,112
Interest rate spread                                                                                                                                                                             3.06       %  3.07       %  3.14       %
Less:  Fully tax-equivalent adjustment                                                                                (1,498                )  (1,556                )  (1,309                )  (0.02      )  (0.03      )  (0.03      )
Net free funds/ contribution               $          7,070,819     $          6,656,545     $          5,595,082                                                                                0.17          0.17          0.15
Net interest income/ margin(GAAP)                                                                                     $          190,778       $          184,636       $          167,206       3.21       %  3.21       %  3.26       %
Fully tax-equivalent adjustment                                                                                       1,498                    1,556                    1,309                    0.02          0.03          0.03
Net interest income/ margin - FTE                                                                                     $          192,276       $          186,192       $          168,515       3.23       %  3.24       %  3.29       %
(1) Liquidity management assets include available-for-sale and held-to-maturity securities, interest earning deposits with banks, federal funds sold and securities purchased under resale agreements.
(2) Interest income on tax-advantaged loans, trading securities and investment securities reflects a tax-equivalent adjustment based on a marginal federal corporate tax rate of 35%. The total adjustments for the three months ended December 31, 2016, September 30, 2016 and December 31, 2015 were $1.5 million, $1.6 million and $1.3 million, respectively.
(3) Other earning assets include brokerage customer receivables and trading account securities.
(4) Loans, net of unearned income, include loans held-for-sale and non-accrual loans.
(5) Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.
(6) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.
(7) See "Supplemental Financial Measures/Ratios" for additional information on this performance ratio.

For the fourth quarter of 2016, net interest income totaled $190.8 million, an increase of $6.1 million as compared to the third quarter of 2016 and an increase of $23.6 million as compared to the fourth quarter of 2015. Net interest margin was 3.21% (3.23% on a fully tax-equivalent basis) during the fourth quarter of 2016 compared to 3.21% (3.24% on a fully tax-equivalent basis) during the third quarter of 2016 and 3.26% (3.29% on a fully tax-equivalent basis) during the fourth quarter of 2015.

The following table presents a summary of Wintrust’s average balances, net interest income and related interest margins, calculated on a fully tax-equivalent basis, for the year ended December 31, 2016 compared to the year ended December 31, 2015:

                                           Average Balance                                               Interest                                                      Yield/Rate
                                           for Year Ended,                                               for Year Ended,                                               for Year Ended,
(Dollars in thousands)                     December 31,                   December 31,                   December 31,                   December 31,                   December 31,     December 31,
                                           2016                           2015                           2016                           2015                           2016             2015
Liquidity management assets                $             3,562,480        $             2,992,506        $             74,195           $             68,949           2.08          %  2.30          %
Other earning assets                       28,992                         30,161                         931                            962                            3.21             3.19
Loans, net of unearned income              18,628,261                     16,022,371                     737,694                        641,917                        3.96             4.01
Covered loans                              102,948                        186,427                        5,589                          11,345                         5.43             6.09
Total earning assets                       $             22,322,681       $             19,231,465       $             818,409          $             723,173          3.67          %  3.76          %
Allowance for loan and covered loan losses (118,229                    )  (103,459                    )
Cash and due from banks                    248,507                        249,488
Other assets                               1,839,272                      1,622,343
Total assets                               $             24,292,231       $             20,999,837
Interest-bearing deposits                  $             14,620,886       $             13,271,304       $             58,409           $             48,863           0.40          %  0.37          %
Federal Home Loan Bank advances            653,529                        380,936                        10,886                         9,110                          1.67             2.39
Other borrowings                           248,753                        232,895                        4,355                          3,627                          1.75             1.56
Subordinated notes                         138,912                        138,812                        7,111                          7,105                          5.12             5.12
Junior subordinated debentures             254,591                        258,203                        9,503                          8,230                          3.67             3.14
Total interest-bearing liabilities         $             15,916,671       $             14,282,150       $             90,264           $             76,935           0.57          %  0.54          %
Non-interest bearing deposits              5,409,923                      4,144,378
Other liabilities                          415,708                        340,321
Equity                                     2,549,929                      2,232,989
Total liabilities and shareholders’ equity $             24,292,231       $             20,999,837
Interest rate spread                                                                                                                                                   3.10          %  3.22          %
Less:  Fully tax-equivalent adjustment                                                                   (5,952                      )  (4,709                      )  (0.02         )  (0.02         )
Net free funds/contribution                $             6,406,010        $             4,949,315                                                                      0.16             0.14
Net interest income/ margin(GAAP)                                                                        $             722,193          $             641,529          3.24          %  3.34          %
Fully tax-equivalent adjustment                                                                          5,952                          4,709                          0.02             0.02
Net interest income/ margin - FTE                                                                        $             728,145          $             646,238          3.26          %  3.36          %
(1) Liquidity management assets include available-for-sale and held-to-maturity securities, interest earning deposits with banks, federal funds sold and securities purchased under resale agreements.
(2) Interest income on tax-advantaged loans, trading securities and investment securities reflects a tax-equivalent adjustment based on a marginal federal corporate tax rate of 35%. The total adjustments for the years ended December 31, 2016 and 2015 were $6.0 million and $4.7 million respectively.
(3) Other earning assets include brokerage customer receivables and trading account securities.
(4) Loans, net of unearned income, include loans held-for-sale and non-accrual loans.
(5) Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.
(6) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.
(7) See "Supplemental Financial Measures/Ratios" for additional information on this performance ratio.

For the year ended 2016, net interest income totaled $722.2 million, an increase of $80.7 million as compared to the year ended 2015. Net interest margin was 3.24% (3.26% on a fully tax-equivalent basis) for the year ended 2016 compared to 3.34% (3.36% on a fully tax-equivalent basis) for the year ended 2015. The reduction in net interest margin compared to the year ended 2015 is primarily the result of a decline in yields on liquidity management assets and loans and an increase on the rate of interest bearing liabilities.

Interest Rate Sensitivity

As an ongoing part of its financial strategy, the Company attempts to manage the impact of fluctuations in market interest rates on net interest income. Management measures its exposure to changes in interest rates by modeling many different interest rate scenarios.

The following interest rate scenarios display the percentage change in net interest income over a one-year time horizon assuming increases of 100 and 200 basis points and a decrease of 100 basis points. The Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet. Conversely, the Ramp Scenario results incorporate management’s projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months. Actual results may differ from these simulated results due to timing, magnitude, and frequency of interest rate changes as well as changes in market conditions and management strategies. The interest rate sensitivity for both the Static Shock and Ramp Scenario at December 31, 2016, September 30, 2016 and December 31, 2015 is as follows:

Static Shock Scenario  +200      +100      -100
                       Basis     Basis     Basis
                       Points    Points    Points
December 31, 2016      18.5 %    9.6  %    (13.2 )%
September 30, 2016     19.6 %    10.1 %    (10.4 )%
December 31, 2015      16.1 %    8.7  %    (10.6 )%
Ramp Scenario      +200     +100     -100
                   Basis    Basis    Basis
                   Points   Points   Points
December 31, 2016  7.6 %    4.0 %    (5.0 )%
September 30, 2016 7.8 %    3.9 %    (4.1 )%
December 31, 2015  7.3 %    3.9 %    (4.4 )%

These results indicate that the Company has positioned its balance sheet to benefit from a rise in interest rates. This analysis also indicates that the Company would benefit to a greater magnitude should a rise in interest rates be significant (i.e., 200 basis points) and immediate (Static Shock Scenario).

NON-INTEREST INCOME

The following table presents non-interest income by category for the periods presented:

                                              Three Months Ended
                                              December 31,      September 30,     December 31,      Q4 2016 compared to        Q4 2016 compared to
                                                                                                    Q3 2016                    Q4 2015
(Dollars in thousands)                        2016              2016              2015              $ Change        % Change   $ Change        % Change
Brokerage                                     $    6,408        $    6,752        $    6,850        $   (344   )    (5   )%    $   (442   )    (6   )%
Trust and asset management                    13,104            12,582            11,784            522             4          1,320           11
Total wealth management                       19,512            19,334            18,634            178             1          878             5
Mortgage banking                              35,489            34,712            23,317            777             2          12,172          52
Service charges on deposit accounts           8,054             8,024             7,210             30              --         844             12
Gains (losses) on investment securities, net  1,575             3,305             (79         )     (1,730     )    NM         1,654           NM
Fees from covered call options                1,476             3,633             3,629             (2,157     )    (59  )     (2,153     )    (59  )
Trading gains (losses), net                   1,007             (432        )     205               1,439           NM         802             NM
Operating lease income, net                   5,171             4,459             1,973             712             16         3,198           NM
Other:
Interest rate swap fees                       2,870             2,881             2,343             (11        )    --         527             22
BOLI                                          981               884               1,463             97              11         (482       )    (33  )
Administrative services                       1,115             1,151             1,101             (36        )    (3   )     14              1
Loss on extinguishment of debt                (717        )     --                --                (717       )    NM         (717       )    NM
Miscellaneous                                 8,742             8,653             5,294             89              1          3,448           65
Total Other                                   12,991            13,569            10,201            (578       )    (4   )     2,790           27
Total Non-Interest Income                     $    85,275       $    86,604       $    65,090       $   (1,329 )    (2   )%    $   20,185      31   %

NM - Not Meaningful

                                     Years Ended
                                     December 31,   December 31,       $              %
(Dollars in thousands)               2016           2015               Change         Change
Brokerage                            $    25,519    $    27,030        $   (1,511 )   (6  )%
Trust and asset management           50,499         46,422             4,077          9
Total wealth management              76,018         73,452             2,566          3
Mortgage banking                     128,743        115,011            13,732         12
Service charges on deposit accounts  31,210         27,384             3,826          14
Gains on investment securities, net  7,645          323                7,322          NM
Fees from covered call options       11,470         15,364             (3,894     )   (25 )
Trading gains (losses), net          91             (247         )     338            NM
Operating lease income, net          16,441         2,728              13,713         NM
Other:
Interest rate swap fees              12,024         9,487              2,537          27
BOLI                                 3,594          4,622              (1,028     )   (22 )
Administrative services              4,409          4,252              157            4
Gain on extinguishment of debt       3,588          --                 3,588          NM
Miscellaneous                        30,197         19,221             10,976         57
Total Other                          53,812         37,582             16,230         43
Total Non-Interest Income            $    325,430   $    271,597       $   53,833     20  %

NM - Not Meaningful

Notable contributions to the change in non-interest income are as follows:

The increase in wealth management revenue during the current period as compared to the third quarter of 2016 and fourth quarter of 2015 is primarily attributable to growth in assets under management due to new customers. Wealth management revenue is comprised of the trust and asset management revenue of The Chicago Trust Company and Great Lakes Advisors and the brokerage commissions, managed money fees and insurance product commissions at Wayne Hummer Investments.

The increase in mortgage banking revenue in the current quarter as compared to the most recent quarter resulted from a $1.2 million positive fair value adjustment on mortgage servicing rights assets ("MSRs") during the period as a result of lower projected prepayment speeds due to rising market interest rates, partially offset by lower origination volumes. Mortgage loans originated or purchased for sale decreased during the current quarter, totaling $1.2 billion in the fourth quarter of 2016 as compared to $1.3 billion in the third quarter of 2016 and $808.9 million in the fourth quarter of 2015. Mortgage banking revenue includes revenue from activities related to originating, selling and servicing residential real estate loans for the secondary market. Mortgage revenue is also impacted by changes in the fair value of MSRs as the Company does not hedge this change in fair value. The Company typically originates mortgage loans held-for-sale with associated MSRs either retained or released. The Company records MSRs at fair value on a recurring basis. The table below presents additional selected information regarding mortgage banking revenue for the respective periods.

                                                                            Three Months Ended                                           Years Ended
(Dollars in thousands)                                                      December 31,         September 30,        December 31,       December 31,         December 31,
                                                                            2016                 2016                 2015               2016                 2015
Retail originations                                                         $    1,042,145       1,138,571            $    740,510       $    4,020,788       $    3,647,018
Correspondent originations                                                  135,726              121,007              68,366             365,551              256,759
(A) Total originations                                                      $    1,177,871       1,259,578            $    808,876       $    4,386,339       $    3,903,777
Purchases as a percentage of originations                                   52             %     57             %     68           %     58             %     61             %
Refinances as a percentage of originations                                  48                   43                   32                 42                   39
Total                                                                       100            %     100            %     100          %     100            %     100            %
(B) Production revenue                                                      $    28,320          $    32,889          $    22,043        $    113,360         $    112,683
Production margin (B / A)                                                   2.40           %     2.61           %     2.73         %     2.58           %     2.89           %
Loans serviced for others (C)                                               $    1,784,760       $    1,508,469       $    939,819
MSRs, at fair value (D)                                                     19,103               13,901               9,092
Percentage of mortgage servicing rights to loans serviced for others (D/C)  1.07           %     0.92           %     0.97         %

(1) Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation.

The Company has typically written call options with terms of less than three months against certain U.S. Treasury and agency securities held in its portfolio for liquidity and other purposes. Management has effectively entered into these transactions with the goal of economically hedging security positions and enhancing its overall return on its investment portfolio by using fees generated from these options to compensate for net interest margin compression. These option transactions are designed to mitigate overall interest rate risk and do not qualify as hedges pursuant to accounting guidance. Fees from covered call options decreased in the current quarter compared to the third quarter of 2016 primarily as a result of selling call options against a smaller value of underlying securities resulting in lower premiums received by the Company. There were no outstanding call option contracts at December 31, 2016, September 30, 2016 and December 31, 2015.

The increase in operating lease income in the current quarter compared to the prior period quarters is primarily related to growth in business from the Company’s leasing divisions during the fourth quarter of 2016.

The decrease in other non-interest income in the current quarter as compared to the third quarter of 2016 is primarily due to a loss on extinguishment of debt as a result of the prepayment of $262 million of Federal Home Loan Bank advances with a weighted-average interest rate of approximately 1.38%.

NON-INTEREST EXPENSE

The following table presents non-interest expense by category for the periods present:

                                         Three Months Ended
                                         December 31,          September 30,  December 31,   Q4 2016 compared to        Q4 2016 compared to
                                                                                             Q3 2016                    Q4 2015
(Dollars in thousands)                   2016                  2016           2015           $ Change         % Change  $ Change         % Change
Salaries and employee benefits:
Salaries                                 $           53,108    $    54,309    $    50,982    $      (1,201 )  (2  )%    $      2,126     4   %
Commissions and incentive compensation   35,744                33,740         31,222         2,004            6         4,522            14
Benefits                                 15,883                15,669         17,576         214              1         (1,693        )  (10 )
Total salaries and employee benefits     104,735               103,718        99,780         1,017            1         4,955            5
Equipment                                9,532                 9,449          8,799          83               1         733              8
Operating lease equipment depreciation   4,219                 3,605          1,202          614              17        3,017            NM
Occupancy, net                           14,254                12,767         13,062         1,487            12        1,192            9
Data processing                          7,687                 7,432          7,284          255              3         403              6
Advertising and marketing                6,691                 7,365          5,373          (674          )  (9  )     1,318            25
Professional fees                        5,425                 5,508          4,387          (83           )  (2  )     1,038            24
Amortization of other intangible assets  1,158                 1,085          1,324          73               7         (166          )  (13 )
FDIC insurance                           4,726                 3,686          3,317          1,040            28        1,409            42
OREO expense, net                        1,843                 1,436          2,598          407              28        (755          )  (29 )
Other:
Commissions - 3rd party brokers          1,165                 1,362          1,321          (197          )  (14 )     (156          )  (12 )
Postage                                  1,955                 1,889          1,892          66               3         63               3
Miscellaneous                            16,981                17,313         16,490         (332          )  (2  )     491              3
Total other                              20,101                20,564         19,703         (463          )  (2  )     398              2
Total Non-Interest Expense               $           180,371   $    176,615   $    166,829   $      3,756     2   %     $      13,542    8   %

NM - Not Meaningful

                                         Years Ended
                                         December 31,      December 31,   $             %
(Dollars in thousands)                   2016              2015           Change        Change
Salaries and employee benefits:
Salaries                                 $       210,623   $    197,475   $   13,148    7   %
Commissions and incentive compensation   128,390           120,138        8,252         7
Benefits                                 66,145            64,467         1,678         3
Total salaries and employee benefits     405,158           382,080        23,078        6
Equipment                                37,055            32,889         4,166         13
Operating lease equipment depreciation   13,259            1,749          11,510        NM
Occupancy, net                           50,912            48,880         2,032         4
Data processing                          28,776            26,940         1,836         7
Advertising and marketing                24,776            21,924         2,852         13
Professional fees                        20,411            18,225         2,186         12
Amortization of other intangible assets  4,789             4,621          168           4
FDIC insurance                           16,065            12,386         3,679         30
OREO expense, net                        5,187             4,483          704           16
Other:
Commissions - 3rd party brokers          5,161             5,474          (313       )  (6  )
Postage                                  7,184             7,030          154           2
Miscellaneous                            62,952            61,738         1,214         2
Total other                              75,297            74,242         1,055         1
Total Non-Interest Expense               $       681,685   $    628,419   $   53,266    8   %

NM - Not Meaningful

Notable contributions to the change in non-interest expense are as follows:

Salaries and employee benefits expense increased in the current quarter compared to the third quarter of 2016 primarily as a result of higher incentive compensation on variable pay based arrangements, partially offset by lower salaries. Additionally salaries and employee benefits expense included $832,000 of acquisition and non-operating compensation charges consisting primarily of a $492,000 adjustment of pension obligations assumed in previous acquisitions and $329,000 of severance charges.

Occupancy expense increased in the current quarter compared to the third quarter of 2016 due to increased net rent expense on leased properties as well as higher maintenance and repair costs. Occupancy expense includes depreciation on premises, real estate taxes, utilities and maintenance of premises, as well as net rent expense for lease premises.

Data processing expenses increased in the current quarter compared to the third quarter of 2016 primarily due to a $155,000 increase in acquisition-related charges related to recent bank acquisitions.

FDIC insurance increased in the current quarter compared to the third quarter of 2016 and fourth quarter of 2015 primarily as a result of increased assessment rates during the fourth quarter of 2016 and the change in FDIC assessment methodology.

ASSET QUALITY

<span style="text-decoration: underline;" data-mce-style="text-decoration: underline;">Allowance for Credit Losses, excluding covered loans</span>

                                                                                                  Three Months Ended                                                Years Ended
                                                                                                  December 31,          September 30,         December 31,          December 31,       December 31,
(Dollars in thousands)                                                                            2016                  2016                  2015                  2016               2015
Allowance for loan losses at beginning of period                                                  $    117,693          $    114,356          $    102,996          $    105,400       $    91,705
Provision for credit losses                                                                       7,357                 9,741                 9,196                 34,790             33,747
Other adjustments                                                                                 33                    (112            )     (243            )     (291         )     (737         )
Reclassification (to) from allowance for unfunded lending-related commitments                     (25             )     (579            )     13                    (725         )     (138         )
Charge-offs:
Commercial                                                                                        3,054                 3,469                 1,369                 7,915              4,253
Commercial real estate                                                                            375                   382                   2,734                 1,930              6,543
Home equity                                                                                       326                   574                   680                   3,998              4,227
Residential real estate                                                                           410                   134                   211                   1,730              2,903
Premium finance receivables - commercial                                                          1,843                 1,959                 2,676                 8,193              7,060
Premium finance receivables - life insurance                                                      --                    --                    --                    --                 --
Consumer and other                                                                                205                   389                   179                   925                521
Total charge-offs                                                                                 6,213                 6,907                 7,849                 24,691             25,507
Recoveries:
Commercial                                                                                        668                   176                   315                   1,594              1,432
Commercial real estate                                                                            1,916                 364                   491                   2,945              2,840
Home equity                                                                                       300                   65                    183                   484                312
Residential real estate                                                                           21                    61                    55                    225                283
Premium finance receivables - commercial                                                          498                   456                   223                   2,374              1,288
Premium finance receivables - life insurance                                                      --                    --                    --                    --                 16
Consumer and other                                                                                43                    72                    20                    186                159
Total recoveries                                                                                  3,446                 1,194                 1,287                 7,808              6,330
Net charge-offs                                                                                   (2,767          )     (5,713          )     (6,562          )     (16,883      )     (19,177      )
Allowance for loan losses at period end                                                           $    122,291          $    117,693          $    105,400          $    122,291       $    105,400
Allowance for unfunded lending-related commitments at period end                                  1,673                 1,648                 949                   1,673              949
Allowance for credit losses at period end                                                         $    123,964          $    119,341          $    106,349          $    123,964       $    106,349
Annualized net charge-offs by category as a percentage of its own respective category’s average:
Commercial                                                                                        0.16            %     0.24            %     0.09            %     0.12         %     0.07         %
Commercial real estate                                                                            (0.10           )     0.00                  0.16                  (0.02        )     0.07
Home equity                                                                                       0.01                  0.27                  0.25                  0.46               0.52
Residential real estate                                                                           0.13                  0.03                  0.07                  0.14               0.29
Premium finance receivables - commercial                                                          0.22                  0.24                  0.41                  0.24               0.24
Premium finance receivables - life insurance                                                      0.00                  0.00                  0.00                  0.00               0.00
Consumer and other                                                                                0.47                  0.92                  0.37                  0.54               0.23
Total loans, net of unearned income, excluding covered loans                                      0.06            %     0.12            %     0.15            %     0.09         %     0.12         %
Net charge-offs as a percentage of the provision for credit losses                                37.61           %     58.65           %     71.35           %     48.53        %     56.83        %
Loans at period-end, excluding covered loans                                                      $    19,703,172       $    19,101,261       $    17,118,117
Allowance for loan losses as a percentage of loans at period end                                  0.62            %     0.62            %     0.62            %
Allowance for credit losses as a percentage of loans at period end                                0.63            %     0.62            %     0.62            %

The allowance for credit losses, excluding the allowance for covered loan losses, is comprised of the allowance for loan losses and the allowance for unfunded lending-related commitments. The allowance for loan losses is a reserve against loan amounts that are actually funded and outstanding while the allowance for unfunded lending-related commitments (separate liability account) relates to certain amounts that Wintrust is committed to lend but for which funds have not yet been disbursed. The provision for credit losses, excluding the provision for covered loan losses, may contain both a component related to funded loans (provision for loan losses) and a component related to lending-related commitments (provision for unfunded loan commitments and letters of credit).

Net charge-offs as a percentage of loans, excluding covered loans, for the fourth quarter of 2016 totaled 6 basis points on an annualized basis compared to 12 basis points on an annualized basis in the third quarter of 2016 and 15 basis points on an annualized basis in the fourth quarter of 2015. Net charge-offs totaled $2.8 million in the fourth quarter of 2016, a $2.9 million decrease from $5.7 million in the third quarter of 2016 and a $3.8 million decrease from $6.6 million in the fourth quarter of 2015. The provision for credit losses, excluding the provision for covered loan losses, totaled $7.4 million for the fourth quarter of 2016 compared to $9.7 million for the third quarter of 2016 and $9.2 million for the fourth quarter of 2015.

Management believes the allowance for credit losses is appropriate to provide for inherent losses in the portfolio. There can be no assurances however, that future losses will not exceed the amounts provided for, thereby affecting future results of operations. The amount of future additions to the allowance for credit losses will be dependent upon management’s assessment of the appropriateness of the allowance based on its evaluation of economic conditions, changes in real estate values, interest rates, the regulatory environment, the level of past-due and non-performing loans and other factors.

The Company also provides a provision for covered loan losses on covered loans and maintains an allowance for covered loan losses on covered loans. Please see "Covered Assets" later in this document for more detail.

The following table presents the provision for credit losses and allowance for credit losses by component for the periods presented:

                                                    Three Months Ended                                   Years Ended
                                                    December 31,     September 30,    December 31,       December 31,       December 31,
(Dollars in thousands)                              2016             2016             2015               2016               2015
Provision for loan losses                           $    7,332       $    9,162       $    9,209         $    34,065        $    33,609
Provision for unfunded lending-related commitments  25               579              (13          )     725                138
Provision for covered loan losses                   (7         )     (170       )     (137         )     (706         )     (805         )
Provision for credit losses                         $    7,350       $    9,571       $    9,059         $    34,084        $    32,942
                                                                                      Period End
                                                                                      December 31,       September 30,      December 31,
                                                                                      2016               2016               2015
Allowance for loan losses                                                             $    122,291       $    117,693       $    105,400
Allowance for unfunded lending-related commitments                                    1,673              1,648              949
Allowance for covered loan losses                                                     1,322              1,422              3,026
Allowance for credit losses                                                           $    125,286       $    120,763       $    109,375

The tables below summarize the calculation of allowance for loan losses for the Company’s core loan portfolio and consumer, niche and purchased loan portfolio as of December 31, 2016 and September 30, 2016.

                                                                                                                    As of December 31, 2016
                                                                                                                    Recorded          Calculated    As a percentage
                                                                                                                                                    of its own respective
(Dollars in thousands)                                                                                              Investment        Allowance     category’s balance
Commercial:
Commercial and industrial                                                                                           $    3,234,629    $   27,112    0.84       %
Asset-based lending                                                                                                 867,697           6,859         0.79
Tax exempt                                                                                                          327,694           2,299         0.70
Leases                                                                                                              294,124           858           0.29
Commercial real estate:
Residential construction                                                                                            46,235            1,045         2.26
Commercial construction                                                                                             563,001           6,259         1.11
Land                                                                                                                99,194            3,677         3.71
Office                                                                                                              808,322           5,757         0.71
Industrial                                                                                                          716,480           6,643         0.93
Retail                                                                                                              855,787           5,928         0.69
Multi-family                                                                                                        766,146           8,052         1.05
Mixed use and other                                                                                                 1,815,573         13,867        0.76
Home equity                                                                                                         649,129           11,767        1.81
Residential real estate                                                                                             658,487           5,634         0.86
Total core loan portfolio                                                                                           $    11,702,498   $   105,757   0.90       %
Commercial:
Franchise                                                                                                           $    565,588      $   4,744     0.84       %
Mortgage warehouse lines of credit                                                                                  204,225           1,548         0.76
Community Advantage - homeowner associations                                                                        145,717           365           0.25
Aircraft                                                                                                            3,356             42            1.25
Purchased non-covered commercial loans                                                                              362,392           666           0.18
Commercial real estate:
Purchased non-covered commercial real estate                                                                        525,349           194           0.04
Purchased non-covered home equity                                                                                   76,664            7             0.01
Purchased non-covered residential real estate                                                                       46,734            80            0.17
Premium finance receivables
U.S. commercial insurance loans                                                                                     2,170,844         5,521         0.25
Canada commercial insurance loans                                                                                   307,737           604           0.20
Life insurance loans                                                                                                3,220,370         1,500         0.05
Purchased life insurance loans                                                                                      249,657           --            --
Consumer and other                                                                                                  119,073           1,261         1.06
Purchased non-covered consumer and other                                                                            2,968             2             0.07
Total consumer, niche and purchased loan portfolio                                                                  $    8,000,674    $   16,534    0.21       %
Total loans, net of unearned income, excluding covered loans                                                        $    19,703,172   $   122,291   0.62       %
Non-accretable credit discounts on purchased loans reported in accordance with ASC 310-30, excluding covered loans                    $   12,324
Total allowance for loan losses and non-accretable credit discounts on purchased loans, excluding covered loans                       $   134,615   0.68       %

(1) Excludes purchased loans reported in accordance with ASC 310-20 and ASC 310-30.

(2) Purchased loans represent loans reported in accordance with ASC 310-20 and ASC 310-30.

                                                                                                                    As of September 30, 2016
                                                                                                                    Recorded          Calculated    As a percentage
                                                                                                                                                    of its own respective
(Dollars in thousands)                                                                                              Investment        Allowance     category’s balance
Commercial:
Commercial and industrial                                                                                           $    3,111,891    $   26,440    0.85       %
Asset-based lending                                                                                                 844,357           6,728         0.80
Tax exempt                                                                                                          316,343           2,229         0.70
Leases                                                                                                              299,534           893           0.30
Commercial real estate:
Residential construction                                                                                            64,986            736           1.13
Commercial construction                                                                                             386,275           4,042         1.05
Land                                                                                                                103,109           3,577         3.47
Office                                                                                                              834,123           6,002         0.72
Industrial                                                                                                          719,470           6,349         0.88
Retail                                                                                                              834,507           6,045         0.72
Multi-family                                                                                                        752,106           7,956         1.06
Mixed use and other                                                                                                 1,731,583         13,545        0.78
Home equity                                                                                                         664,811           11,678        1.76
Residential real estate                                                                                             615,312           6,027         0.98
Total core loan portfolio                                                                                           $    11,278,407   $   102,247   0.91       %
Commercial:
Franchise                                                                                                           $    334,910      $   3,357     1.00       %
Mortgage warehouse lines of credit                                                                                  309,632           2,241         0.72
Community Advantage - homeowner associations                                                                        141,351           353           0.25
Aircraft                                                                                                            4,498             53            1.18
Purchased non-covered commercial loans                                                                              589,028           744           0.13
Commercial real estate:
Purchased non-covered commercial real estate                                                                        482,525           96            0.02
Purchased non-covered home equity                                                                                   78,057            6             0.01
Purchased non-covered residential real estate                                                                       48,286            76            0.16
Premium finance receivables
U.S. commercial insurance loans                                                                                     2,139,966         5,416         0.25
Canada commercial insurance loans                                                                                   290,267           554           0.19
Life insurance loans                                                                                                3,020,472         1,305         0.04
Purchased life insurance loans                                                                                      262,887           --            --
Consumer and other                                                                                                  117,897           1,244         1.06
Purchased non-covered consumer and other                                                                            3,078             1             0.03
Total consumer, niche and purchased loan portfolio                                                                  $    7,822,854    $   15,446    0.20       %
Total loans, net of unearned income, excluding covered loans                                                        $    19,101,261   $   117,693   0.62       %
Non-accretable credit discounts on purchased loans reported in accordance with ASC 310-30, excluding covered loans                    $   20,940
Total allowance for loan losses and non-accretable credit discounts on purchased loans, excluding covered loans                       $   138,633   0.72       %

(1) Excludes purchased loans reported in accordance with ASC 310-20 and ASC 310-30.

(2) Purchased loans represent loans reported in accordance with ASC 310-20 and ASC 310-30.

As part of the regular quarterly review performed by management to determine if the Company’s allowance for loan losses is appropriate, an analysis is prepared on the loan portfolio based upon a breakout of core loans and consumer, niche and purchased loans. A summary of the allowance for loan losses calculated for the loan components in both the core loan portfolio and the consumer, niche and purchased loan portfolio was shown on the preceding tables as of December 31, 2016 and September 30, 2016.

The increase in the allowance for loan losses to core loans in the fourth quarter of 2016 compared to the third quarter of 2016 was primarily attributable to $424.1 million core loan portfolio growth.

Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date. In accordance with accounting guidance, credit deterioration on purchased loans is recorded as a credit discount at the time of purchase instead of as an increase to the allowance for loan losses. For analysis purposes, the Company has combined the non-accretable credit discounts recorded on purchased loans with the total allowance for loan losses in the previous tables to present the total credit reserves available on its loan portfolio. The total allowance for loan losses and non-accretable credit discounts on purchased loans was 0.68% of the total loan portfolio as of December 31, 2016 and 0.72% of the total loan portfolio as of September 30, 2016.

The tables below show the aging of the Company’s loan portfolio at December 31, 2016 and September 30, 2016:

                                                                           90+ days     60-89        30-59
As of December 31, 2016                                                    and still    days past    days past
(Dollars in thousands)                                        Nonaccrual   accruing     due          due          Current           Total Loans
Loan Balances:
Commercial
Commercial, industrial and other                              $   13,441   $   174      $   2,341    $   11,779   $    3,716,977    $    3,744,712
Franchise                                                     --           --           --           493          869,228           869,721
Mortgage warehouse lines of credit                            --           --           --           --           204,225           204,225
Asset-based lending                                           1,924        --           135          1,609        871,402           875,070
Leases                                                        510          --           --           1,331        293,073           294,914
PCI - commercial                                              --           1,689        100          2,428        12,563            16,780
Total commercial                                              15,875       1,863        2,576        17,640       5,967,468         6,005,422
Commercial real estate
Construction                                                  2,408        --           --           1,824        606,007           610,239
Land                                                          394          --           188          --           104,219           104,801
Office                                                        4,337        --           4,506        1,232        857,599           867,674
Industrial                                                    7,047        --           4,516        2,436        756,602           770,601
Retail                                                        597          --           760          3,364        907,872           912,593
Multi-family                                                  643          --           322          1,347        805,312           807,624
Mixed use and other                                           6,498        --           1,186        12,632       1,931,859         1,952,175
PCI - commercial real estate                                  --           16,188       3,775        8,888        141,529           170,380
Total commercial real estate                                  21,924       16,188       15,253       31,723       6,110,999         6,196,087
Home equity                                                   9,761        --           1,630        6,515        707,887           725,793
Residential real estate, including PCI                        12,749       1,309        936          8,271        681,956           705,221
Premium finance receivables
Commercial insurance loans                                    14,709       7,962        5,646        14,580       2,435,684         2,478,581
Life insurance loans                                          --           3,717        17,514       16,204       3,182,935         3,220,370
PCI - life insurance loans                                    --           --           --           --           249,657           249,657
Consumer and other, including PCI                             439          207          100          887          120,408           122,041
Total loans, net of unearned income, excluding covered loans  $   75,457   $   31,246   $   43,655   $   95,820   $    19,456,994   $    19,703,172
Covered loans                                                 2,121        2,492        225          1,553        51,754            58,145
Total loans, net of unearned income                           $   77,578   $   33,738   $   43,880   $   97,373   $    19,508,748   $    19,761,317
As of December 31, 2016                                       Nonaccrual  90+ days   60-89      30-59      Current    Total Loans
Aging as a % of Loan Balance                                              and still  days past  days past
                                                                          accruing   due        due
Commercial
Commercial, industrial and other                              0.4   %     --   %     0.1  %     0.3  %     99.2  %    100.0 %
Franchise                                                     --          --         --         0.1        99.9       100.0
Mortgage warehouse lines of credit                            --          --         --         --         100.0      100.0
Asset-based lending                                           0.2         --         --         0.2        99.6       100.0
Leases                                                        0.2         --         --         0.5        99.3       100.0
PCI - commercial                                              --          10.1       0.6        14.5       74.8       100.0
Total commercial                                              0.3         --         --         0.3        99.4       100.0
Commercial real estate
Construction                                                  0.4         --         --         0.3        99.3       100.0
Land                                                          0.4         --         0.2        --         99.4       100.0
Office                                                        0.5         --         0.5        0.1        98.9       100.0
Industrial                                                    0.9         --         0.6        0.3        98.2       100.0
Retail                                                        0.1         --         0.1        0.4        99.4       100.0
Multi-family                                                  0.1         --         --         0.2        99.7       100.0
Mixed use and other                                           0.3         --         0.1        0.6        99.0       100.0
PCI - commercial real estate                                  --          9.5        2.2        5.2        83.1       100.0
Total commercial real estate                                  0.4         0.3        0.2        0.5        98.6       100.0
Home equity                                                   1.3         --         0.2        0.9        97.6       100.0
Residential real estate, including PCI                        1.8         0.2        0.1        1.2        96.7       100.0
Premium finance receivables
Commercial insurance loans                                    0.6         0.3        0.2        0.6        98.3       100.0
Life insurance loans                                          --          0.1        0.5        0.5        98.9       100.0
PCI - life insurance loans                                    --          --         --         --         100.0      100.0
Consumer and other, including PCI                             0.4         0.2        0.1        0.7        98.6       100.0
Total loans, net of unearned income, excluding covered loans  0.4   %     0.2  %     0.2  %     0.5  %     98.7  %    100.0 %
Covered loans                                                 3.6         4.3        0.4        2.7        89.0       100.0
Total loans, net of unearned income                           0.4   %     0.2  %     0.2  %     0.5  %     98.7  %    100.0 %

(1) PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.

                                                                           90+ days     60-89        30-59
As of September 30, 2016                                                   and still    days past    days past
(Dollars in thousands)                                        Nonaccrual   accruing     due          due          Current           Total Loans
Loan Balances:
Commercial
Commercial, industrial and other                              $   15,809   $   --       $   7,324    $   8,987    $    3,573,396    $    3,605,516
Franchise                                                     --           --           458          1,626        872,661           874,745
Mortgage warehouse lines of credit                            --           --           --           --           309,632           309,632
Asset-based lending                                           234          --           3,772        3,741        837,972           845,719
Leases                                                        375          --           239          --           299,339           299,953
PCI - commercial                                              --           1,783        --           1,036        13,160            15,979
Total commercial                                              16,418       1,783        11,793       15,390       5,906,160         5,951,544
Commercial real estate
Construction                                                  400          --           --           3,775        447,302           451,477
Land                                                          1,208        --           787          300          105,406           107,701
Office                                                        3,609        --           6,457        8,062        865,954           884,082
Industrial                                                    9,967        --           940          2,961        753,636           767,504
Retail                                                        909          --           1,340        8,723        884,369           895,341
Multi-family                                                  90           --           3,051        2,169        789,645           794,955
Mixed use and other                                           6,442        --           2,157        5,184        1,837,724         1,851,507
PCI - commercial real estate                                  --           21,433       1,509        4,066        129,109           156,117
Total commercial real estate                                  22,625       21,433       16,241       35,240       5,813,145         5,908,684
Home equity                                                   9,309        --           1,728        3,842        727,989           742,868
Residential real estate, including PCI                        12,205       1,496        2,232        1,088        646,577           663,598
Premium finance receivables
Commercial insurance loans                                    14,214       7,754        6,968        10,291       2,391,006         2,430,233
Life insurance loans                                          --           --           9,960        3,717        3,006,795         3,020,472
PCI - life insurance loans                                    --           --           --           --           262,887           262,887
Consumer and other, including PCI                             543          124          204          871          119,233           120,975
Total loans, net of unearned income, excluding covered loans  $   75,314   $   32,590   $   49,126   $   70,439   $    18,873,792   $    19,101,261
Covered loans                                                 2,331        4,806        1,545        2,456        84,802            95,940
Total loans, net of unearned income                           $   77,645   $   37,396   $   50,671   $   72,895   $    18,958,594   $    19,197,201
As of September 30, 2016                                      Nonaccrual  90+ days   60-89      30-59      Current    Total Loans
Aging as a % of Loan Balance:                                             and still  days past  days past
                                                                          accruing   due        due
Commercial
Commercial, industrial and other                              0.4   %     --   %     0.2  %     0.2  %     99.2  %    100.0 %
Franchise                                                     --          --         0.1        0.2        99.7       100.0
Mortgage warehouse lines of credit                            --          --         --         --         100.0      100.0
Asset-based lending                                           --          --         0.4        0.4        99.2       100.0
Leases                                                        0.1         --         0.1        --         99.8       100.0
PCI - commercial                                              --          11.2       --         6.5        82.3       100.0
Total commercial                                              0.3         --         0.2        0.3        99.2       100.0
Commercial real estate
Construction                                                  0.1         --         --         0.8        99.1       100.0
Land                                                          1.1         --         0.7        0.3        97.9       100.0
Office                                                        0.4         --         0.7        0.9        98.0       100.0
Industrial                                                    1.3         --         0.1        0.4        98.2       100.0
Retail                                                        0.1         --         0.1        1.0        98.8       100.0
Multi-family                                                  --          --         0.4        0.3        99.3       100.0
Mixed use and other                                           0.3         --         0.1        0.3        99.3       100.0
PCI - commercial real estate                                  --          13.7       1.0        2.6        82.7       100.0
Total commercial real estate                                  0.4         0.4        0.3        0.6        98.3       100.0
Home equity                                                   1.3         --         0.2        0.5        98.0       100.0
Residential real estate, including PCI                        1.8         0.2        0.3        0.2        97.5       100.0
Premium finance receivables
Commercial insurance loans                                    0.6         0.3        0.3        0.4        98.4       100.0
Life insurance loans                                          --          --         0.3        0.1        99.6       100.0
PCI - life insurance loans                                    --          --         --         --         100.0      100.0
Consumer and other, including PCI                             0.4         0.1        0.2        0.7        98.6       100.0
Total loans, net of unearned income, excluding covered loans  0.4   %     0.2  %     0.3  %     0.4  %     98.7  %    100.0 %
Covered loans                                                 2.4         5.0        1.6        2.6        88.4       100.0
Total loans, net of unearned income                           0.4   %     0.2  %     0.3  %     0.4  %     98.7  %    100.0 %

(1) PCI loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments.

As of December 31, 2016, $43.7 million of all loans, excluding covered loans, or 0.2%, were 60 to 89 days past due and $95.8 million, or 0.5%, were 30 to 59 days (or one payment) past due. As of September 30, 2016, $49.1 million of all loans, excluding covered loans, or 0.3%, were 60 to 89 days past due and $70.4 million, or 0.4%, were 30 to 59 days (or one payment) past due. The majority of the commercial and commercial real estate loans shown as 60 to 89 days and 30 to 59 days past due are included on the Company’s internal problem loan reporting system. Loans on this system are closely monitored by management on a monthly basis.

The Company’s home equity and residential loan portfolios continue to exhibit low delinquency ratios. Home equity loans at December 31, 2016 that are current with regard to the contractual terms of the loan agreement represent 97.6% of the total home equity portfolio. Residential real estate loans at December 31, 2016 that are current with regards to the contractual terms of the loan agreements comprise 96.7% of total residential real estate loans outstanding.

<span style="text-decoration: underline;" data-mce-style="text-decoration: underline;">Non-performing Assets, excluding covered assets</span>

The following table sets forth Wintrust’s non-performing assets and troubled debt restructurings ("TDRs") performing under the contractual terms of the loan agreement, excluding covered assets and non-covered PCI loans, at the dates indicated.

                                                                                                          December 31,       September 30,      December 31,
(Dollars in thousands)                                                                                    2016               2016               2015
Loans past due greater than 90 days and still accruing:
Commercial                                                                                                $    174           $    --            $    541
Commercial real estate                                                                                    --                 --                 --
Home equity                                                                                               --                 --                 --
Residential real estate                                                                                   --                 --                 --
Premium finance receivables - commercial                                                                  7,962              7,754              10,294
Premium finance receivables - life insurance                                                              3,717              --                 --
Consumer and other                                                                                        144                60                 150
Total loans past due greater than 90 days and still accruing                                              11,997             7,814              10,985
Non-accrual loans:
Commercial                                                                                                15,875             16,418             12,712
Commercial real estate                                                                                    21,924             22,625             26,645
Home equity                                                                                               9,761              9,309              6,848
Residential real estate                                                                                   12,749             12,205             12,043
Premium finance receivables - commercial                                                                  14,709             14,214             14,561
Premium finance receivables - life insurance                                                              --                 --                 --
Consumer and other                                                                                        439                543                263
Total non-accrual loans                                                                                   75,457             75,314             73,072
Total non-performing loans:
Commercial                                                                                                16,049             16,418             13,253
Commercial real estate                                                                                    21,924             22,625             26,645
Home equity                                                                                               9,761              9,309              6,848
Residential real estate                                                                                   12,749             12,205             12,043
Premium finance receivables - commercial                                                                  22,671             21,968             24,855
Premium finance receivables - life insurance                                                              3,717              --                 --
Consumer and other                                                                                        583                603                413
Total non-performing loans                                                                                $    87,454        $    83,128        $    84,057
Other real estate owned                                                                                   17,699             19,933             26,849
Other real estate owned - from acquisitions                                                               22,583             15,117             17,096
Other repossessed assets                                                                                  581                428                174
Total non-performing assets                                                                               $    128,317       $    118,606       $    128,176
TDRs performing under the contractual terms of the loan agreement                                         $    29,911        $    29,440        $    42,744
Total non-performing loans by category as a percent of its own respective category’s period-end balance:
Commercial                                                                                                0.27         %     0.28         %     0.28         %
Commercial real estate                                                                                    0.35               0.38               0.48
Home equity                                                                                               1.34               1.25               0.87
Residential real estate                                                                                   1.81               1.84               1.98
Premium finance receivables - commercial                                                                  0.91               0.90               1.05
Premium finance receivables - life insurance                                                              0.11               --                 --
Consumer and other                                                                                        0.48               0.50               0.28
Total loans, net of unearned income                                                                       0.44         %     0.44         %     0.49         %
Total non-performing assets as a percentage of total assets                                               0.50         %     0.47         %     0.56         %
Allowance for loan losses as a percentage of total non-performing loans                                   139.83       %     141.58       %     125.39       %

(1) As of the dates shown, no TDRs were past due greater than 90 days and still accruing interest.

(2) Non-accrual loans included TDRs totaling $11.8 million, $14.8 million, and $9.1 million as of December 31, 2016, September 30, 2016, and December 31, 2015, respectively.

The ratio of non-performing assets to total assets was 0.50% as of December 31, 2016, compared to 0.47% at September 30, 2016, and 0.56% at December 31, 2015. Non-performing assets, excluding covered assets and non-covered PCI loans, totaled $128.3 million at December 31, 2016, compared to $118.6 million at September 30, 2016 and $128.2 million at December 31, 2015. The increase in non-performing assets, excluding covered assets and non-covered PCI loans, compared to September 30, 2016 is primarily the result of $7.2 million of OREO acquired through acquisitions and $4.2 million of OREO from FDIC-covered transactions with expiring loss share agreements during the fourth quarter of 2016. Non-performing loans, excluding covered loans and non-covered PCI loans, totaled $87.5 million, or 0.44% of total loans, at December 31, 2016 compared to $83.1 million, or 0.44% of total loans, at September 30, 2016 and $84.1 million, or 0.49% of total loans, at December 31, 2015. OREO, excluding covered OREO, of $40.3 million at December 31, 2016 increased $5.2 million compared to $35.1 million at September 30, 2016 and decreased $3.7 million compared to $43.9 million at December 31, 2015.

Management is pursuing the resolution of all credits in this category. At this time, management believes reserves are appropriate to absorb inherent losses that are expected upon the ultimate resolution of these credits.

Nonperforming Loans Rollforward

The table below presents a summary of the changes in the balance of non-performing loans, excluding covered loans, for the periods presented:

                                               Three Months Ended                                    Years Ended
                                               December 31,      September 30,     December 31,      December 31,      December 31,
(Dollars in thousands)                         2016              2016              2015              2016              2015
Balance at beginning of period                 $    83,128       $    88,119       $    85,976       $    84,057       $    78,677
Additions, net                                 10,969            9,522             5,983             43,008            48,124
Return to performing status                    (150        )     (231        )     (1,152      )     (3,260      )     (3,743      )
Payments received                              (6,623      )     (5,235      )     (6,387      )     (19,976     )     (22,804     )
Transfer to OREO and other repossessed assets  (878        )     (2,270      )     (1,903      )     (7,046      )     (10,581     )
Charge-offs                                    (3,494      )     (3,353      )     (1,882      )     (10,323     )     (10,519     )
Net change for niche loans                     4,502             (3,424      )     3,422             994               4,903
Balance at end of period                       $    87,454       $    83,128       $    84,057       $    87,454       $    84,057

(1) This includes activity for premium finance receivables and indirect consumer loans.

TDRs

The table below presents a summary of TDRs as of the respective date, presented by loan category and accrual status:

                                                    December 31,      September 30,     December 31,
(Dollars in thousands)                              2016              2016              2015
Accruing TDRs:
Commercial                                          $    4,643        $    2,285        $    5,613
Commercial real estate                              19,993            22,261            32,777
Residential real estate and other                   5,275             4,894             4,354
Total accrual                                       $    29,911       $    29,440       $    42,744
Non-accrual TDRs:
Commercial                                          $    1,487        $    2,134        $    134
Commercial real estate                              8,153             10,610            5,930
Residential real estate and other                   2,157             2,092             3,045
Total non-accrual                                   $    11,797       $    14,836       $    9,109
Total TDRs:
Commercial                                          $    6,130        $    4,419        $    5,747
Commercial real estate                              28,146            32,871            38,707
Residential real estate and other                   7,432             6,986             7,399
Total TDRs                                          $    41,708       $    44,276       $    51,853
Weighted-average contractual interest rate of TDRs  4.33        %     4.33        %     4.13        %

(1) Included in total non-performing loans.

At December 31, 2016, the Company had $41.7 million in loans modified in TDRs. The $41.7 million in TDRs represents 89 credits in which economic concessions were granted to certain borrowers to better align the terms of their loans with their current ability to pay. The balance decreased from $44.3 million representing 89 credits at September, 2016 and decreased from $51.9 million representing 102 credits at December 31, 2015.

The table below presents a summary of TDRs as of December 31, 2016 and December 31, 2015, and shows the changes in the balance during the periods presented:

Three Months Ended December 31, 2016

(Dollars in thousands)                            Commercial     Commercial      Residential    Total
                                                                 Real Estate     Real Estate
                                                                                 and Other
Balance at beginning of period                    $   4,419      $   32,871      $   6,986      $   44,276
Additions during the period                       2,949          --              499            3,448
Reductions:
Charge-offs                                       (701      )    (13        )    --             (714       )
Transferred to OREO and other repossessed assets  --             (68        )    --             (68        )
Removal of TDR loan status                        --             (1,337     )    --             (1,337     )
Payments received, net                            (537      )    (3,307     )    (53       )    (3,897     )
Balance at period end                             $   6,130      $   28,146      $   7,432      $   41,708

(1) Loan was previously classified as a troubled debt restructuring and subsequently performed in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) at a modified interest rate which represented a market rate at the time of restructuring. Per our TDR policy, the TDR classification is removed.

Three Months Ended December 31, 2015

(Dollars in thousands)                            Commercial     Commercial      Residential    Total
                                                                 Real Estate     Real Estate
                                                                                 and Other
Balance at beginning of period                    $   5,864      $   45,645      $   7,811      $   59,320
Additions during the period                       --             201             --             201
Reductions:
Charge-offs                                       --             (1,707     )    (48       )    (1,755     )
Transferred to OREO and other repossessed assets  --             --              (135      )    (135       )
Removal of TDR loan status                        (19       )    (2,868     )    -              (2,887     )
Payments received, net                            (98       )    (2,564     )    (229      )    (2,891     )
Balance at period end                             $   5,747      $   38,707      $   7,399      $   51,853

Year Ended December 31, 2016

(Dollars in thousands)                            Commercial     Commercial      Residential    Total
                                                                 Real Estate     Real Estate
                                                                                 and Other
Balance at beginning of period                    $   5,747      $   38,707      $   7,399      $   51,853
Additions during the period                       3,294          8,521           1,082          12,897
Reductions:
Charge-offs                                       (1,482    )    (1,051     )    (212      )    (2,745     )
Transferred to OREO and other repossessed assets  --             (1,433     )    (535      )    (1,968     )
Removal of TDR loan status                        --             (7,816     )    --             (7,816     )
Payments received, net                            (1,429    )    (8,782     )    (302      )    (10,513    )
Balance at period end                             $   6,130      $   28,146      $   7,432      $   41,708

Year Ended December 31, 2015

(Dollars in thousands)                            Commercial     Commercial      Residential    Total
                                                                 Real Estate     Real Estate
                                                                                 and Other
Balance at beginning of period                    $   7,576      $   67,623      $   7,076      $   82,275
Additions during the period                       --             370             1,664          2,034
Reductions:
Charge-offs                                       (397      )    (1,975     )    (140      )    (2,512     )
Transferred to OREO and other repossessed assets  (562      )    (2,290     )    (414      )    (3,266     )
Removal of TDR loan status                        (490      )    (13,019    )    --             (13,509    )
Payments received, net                            (380      )    (12,002    )    (787      )    (13,169    )
Balance at period end                             $   5,747      $   38,707      $   7,399      $   51,853

(1) Loan was previously classified as a troubled debt restructuring and subsequently performed in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) at a modified interest rate which represented a market rate at the time of restructuring. Per our TDR policy, the TDR classification is removed.

Each TDR was reviewed for impairment at December 31, 2016 and approximately $2.7 million of impairment was present and appropriately reserved for through the Company’s normal reserving methodology in the Company’s allowance for loan losses. For TDRs in which impairment is calculated by the present value of future cash flows, the Company records interest income representing the decrease in impairment resulting from the passage of time during the respective period, which differs from interest income from contractually required interest on these specific loans. For the three months ended December 31, 2016 and 2015, the Company recorded $98,000 and $188,000, respectively in interest income representing this decrease in impairment. For the years ended December 31, 2016 and 2015, the Company recorded $421,000 and $573,000, respectively, in interest income.

Other Real Estate Owned

The table below presents a summary of other real estate owned, excluding covered other real estate owned, as of December 31, 2016, September 30, 2016 and December 31, 2015, and shows the activity for the respective period and the balance for each property type:

                                                                    Three Months Ended
                                                                    December 31,      September 30,     December 31,
(Dollars in thousands)                                              2016              2016              2015
Balance at beginning of period                                      $    35,050       $    38,063       $    51,880
Disposals/resolved                                                  (5,850      )     (5,967      )     (9,156      )
Transfers in at fair value, less costs to sell                      667               3,958             2,345
Transfers in from covered OREO subsequent to loss share expiration  4,213             --                69
Additions from acquisition                                          7,230             --                --
Fair value adjustments                                              (1,028      )     (1,004      )     (1,193      )
Balance at end of period                                            $    40,282       $    35,050       $    43,945
                                                                    Period End
                                                                    December 31,      September 30,     December 31,
Balance by Property Type                                            2016              2016              2015
Residential real estate                                             $    8,063        $    9,602        $    11,322
Residential real estate development                                 1,349             2,114             2,914
Commercial real estate                                              30,870            23,334            29,709
Total                                                               $    40,282       $    35,050       $    43,945

Covered Assets

In conjunction with FDIC-assisted transactions, the Company entered into loss share agreements with the FDIC. These agreements cover realized losses on loans, foreclosed real estate and certain other assets and require the Company to record loss share assets and liabilities that are measured separately from the loan portfolios because they are not contractually embedded in the loans and are not transferable with the loans should the Company choose to dispose of them. Fair values at the acquisition dates were estimated based on projected cash flows available for loss-share based on the credit adjustments estimated for each loan pool and the loss share percentages. The loss share assets and liabilities are also separately measured from the related loans and foreclosed real estate and recorded on the Consolidated Statements of Condition. Subsequent to the acquisition date, reimbursements received from the FDIC for actual incurred losses will reduce any loss share assets. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will also reduce any loss share asset and, if necessary, increase any loss share liability when necessary reductions exceed the current value of the loss share asset. The increases in cash flows for the purchased loans are recognized as interest income prospectively. In accordance with clawback provisions included in loss share agreements with the FDIC, the Company may be required to reimburse the FDIC when actual losses are less than certain thresholds established for each loss share agreement. The balance of these estimated reimbursements in accordance with clawback provisions and any related amortization are adjusted periodically for changes in the expected losses on covered assets. Estimated reimbursements from clawback provisions are recorded as a reduction to the loss share asset or, if necessary, an increase to the loss share liability on the Consolidated Statements of Condition. The allowance for loan losses for loans acquired in FDIC-assisted transactions is determined without giving consideration to the amounts recoverable through loss share agreements (since the loss share agreements are separately accounted for and thus presented "gross" on the balance sheet). On the Consolidated Statements of Income, the provision for credit losses is reported net of changes in the amount recoverable under the loss share agreements.

The following table provides a comparative analysis for the period end balances of covered assets and any changes in the allowance for covered loan losses. The Company expects covered assets and the allowance for covered loan losses to continue to decrease in periods without FDIC-assisted acquisitions.

                                                                                                                        December 31,      September 30,     December 31,
(Dollars in thousands)                                                                                                  2016              2016              2015
Period End Balances:
Loans                                                                                                                   $    58,145       $    95,940       $    148,673
Other real estate owned                                                                                                 5,302             10,399            21,383
Other assets                                                                                                            --                216               411
FDIC indemnification liability                                                                                          (16,701     )     (17,945     )     (6,100       )
Total net covered assets                                                                                                $    46,746       $    88,610       $    164,367
Allowance for Covered Loan Losses Rollforward:
Balance at beginning of quarter:                                                                                        $    1,422        $    2,412        $    2,918
Allowance for covered loan losses transferred to allowance for loan losses subsequent to loss share expiration          (156        )     --                --
Provision for covered loan losses before benefit attributable to FDIC loss share agreements                             (35         )     (847        )     (2,011       )
Benefit attributable to FDIC loss share agreements                                                                      153               677               1,874
Net provision for covered loan losses and transfer from allowance for covered loan losses to allowance for loan losses  (38         )     (170        )     (137         )
Increase/decrease in FDIC indemnification liability/asset                                                               (153        )     (677        )     (1,874       )
Loans charged-off                                                                                                       (119        )     (918        )     (163         )
Recoveries of loans charged-off                                                                                         210               775               2,282
Net recoveries (charge-offs)                                                                                            91                (143        )     2,119
Balance at end of quarter                                                                                               $    1,322        $    1,422        $    3,026

Changes in Accretable Yield

The excess of cash flows expected to be collected over the carrying value of loans accounted for under ASC 310-30 is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool of loans. The accretable yield is affected by:

-- changes in interest rate indices for variable rate loans accounted for under ASC 310-30 - expected future cash flows are based on the variable rates in effect at the time of the regular evaluations of cash flows expected to be collected;

-- changes in prepayment assumptions - prepayments affect the estimated life of loans accounted for under ASC 310-30 which may change the amount of interest income, and possibly principal, expected to be collected; and

-- changes in the expected principal and interest payments over the estimated life - updates to expected cash flows are driven by the credit outlook and actions taken with borrowers. Changes in expected future cash flows from loan modifications are included in the regular evaluations of cash flows expected to be collected.

The following table provides activity for the accretable yield of loans accounted for under ASC 310-30.

                                                                                            Three Months Ended
                                                                                            December 31,      December 31,
(Dollars in thousands)                                                                      2016              2015
Accretable yield, beginning balance                                                         $    52,977       $    65,207
Acquisitions                                                                                1,380             --
Accretable yield amortized to interest income                                               (6,113      )     (5,756      )
Accretable yield amortized to indemnification asset/liability                               (207        )     (2,550      )
Reclassification from non-accretable difference                                             1,634             2,236
Increases (decreases) in interest cash flows due to payments and changes in interest rates  (263        )     4,765
Accretable yield, ending balance                                                            $    49,408       $    63,902
                                                                                            Years Ended
                                                                                            December 31,      December 31,
(Dollars in thousands)                                                                      2016              2015
Accretable yield, beginning balance                                                         $    63,902       $    79,102
Acquisitions                                                                                2,462             9,993
Accretable yield amortized to interest income                                               (23,218     )     (24,115     )
Accretable yield amortized to indemnification asset/liability                               (5,746      )     (13,495     )
Reclassification from non-accretable difference                                             13,733            7,390
(Decreases) increases in interest cash flows due to payments and changes in interest rates  (1,725      )     5,027
Accretable yield, ending balance                                                            $    49,408       $    63,902

(1) Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset.

(2) Reclassification is the result of subsequent increases in expected principal cash flows.

(3) As of December 31, 2016, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $1.1 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income.

Accretion to interest income accounted for under ASC 310-30 totaled $6.1 million and $5.8 million in the fourth quarter of 2016 and 2015, respectively. For the years ended December 31, 2016 and 2015, the Company recorded accretion to interest income of $23.2 million and $24.1 million, respectively. These amounts include accretion from both covered and non-covered loans, and are included together within interest and fees on loans in the Consolidated Statements of Income.

<span style="text-decoration: underline;" data-mce-style="text-decoration: underline;">Items Impacting Comparative Financial Results:</span>

<span style="text-decoration: underline;" data-mce-style="text-decoration: underline;">Acquisitions</span>

On November 18, 2016, the Company completed its acquisition of FCFC. FCFC was the parent company of First Community Bank. Through this transaction, the Company acquired First Community Bank’s two banking locations in Elgin, Illinois, approximately $185 million in assets and approximately $150 million in deposits.

On August 19, 2016, the Company, through its wholly-owned subsidiary Lake Forest Bank & Trust Company, completed its acquisition of approximately $561 million in select performing loans and related relationships from an affiliate of GE Capital Franchise Finance. The loans are to franchise operators (primarily quick service restaurant concepts) in the Midwest and in the Western portion of the United States.

On March 31, 2016, the Company completed its acquisition of Generations Bancorp. Inc. ("Generations"). Generations was the parent company of Foundations Bank ("Foundations"). Through this transaction, the Company acquired Foundations’ banking location in Pewaukee, Wisconsin, approximately $131 million in assets and approximately $100 million in deposits.

On July 24, 2015, the Company completed its acquisition of Community Financial Shares, Inc ("CFIS"). CFIS was the parent company of Community Bank - Wheaton/Glen Ellyn ("CBWGE"). Through this transaction, the Company acquired CBWGE’s four banking locations in Wheaton and Glen Ellyn, Illinois, approximately $351 million in assets and approximately $290 million in deposits.

On July 17, 2015, the Company completed its acquisition of Suburban Illinois Bancorp, Inc. ("Suburban"). Suburban was the parent company of Suburban Bank & Trust Company ("SBT"). Through this transaction, the Company acquired SBT’s ten banking locations in Chicago and its suburbs, approximately $495 million in assets and approximately $417 million in deposits.

On July 1, 2015, the Company, through its wholly-owned subsidiary Wintrust Bank, completed its acquisition of North Bank. Through this transaction, Wintrust Bank acquired two banking locations, $118 million in assets and approximately $101 million in deposits.

On January 16, 2015, the Company completed its acquisition of Delavan Bancshares, Inc. ("Delavan"). Delavan was the parent company of Community Bank CBD. Through this transaction, Town Bank acquired four banking locations, approximately $224 million in assets and approximately $170 million in deposits.

WINTRUST SUBSIDIARIES AND LOCATIONS

Wintrust is a financial holding company whose common stock is traded on the Nasdaq Global Select Market (WTFC ). Its 15 community bank subsidiaries are: Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, Wintrust Bank in Chicago, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, N.A., Crystal Lake Bank & Trust Company, N.A., Northbrook Bank & Trust Company, Schaumburg Bank & Trust Company, N.A., Village Bank & Trust in Arlington Heights, Beverly Bank & Trust Company, N.A. in Chicago, Wheaton Bank & Trust Company, State Bank of The Lakes in Antioch, Old Plank Trail Community Bank, N.A. in New Lenox, St. Charles Bank & Trust Company and Town Bank in Hartland, Wisconsin.

The banks also operate facilities in Illinois in Algonquin, Aurora, Bloomingdale, Buffalo Grove, Cary, Chicago, Clarendon Hills, Crete, Deerfield, Des Plaines, Downers Grove, Elgin, Elk Grove Village, Elmhurst, Evergreen Park, Frankfort, Geneva, Glen Ellyn, Glencoe, Glenview, Gurnee, Grayslake, Hanover Park, Highland Park, Highwood, Hoffman Estates, Island Lake, Itasca, Joliet, Lake Bluff, Lake Villa, Lansing, Lemont, Lindenhurst, Lynwood, Markham, McHenry, Mokena, Mount Prospect, Mundelein, Naperville, North Chicago, Northfield, Norridge, Oak Lawn, Orland Park, Palatine, Park Ridge, Prospect Heights, Ravinia, Riverside, Rogers Park, Roselle, Round Lake Beach, Shorewood, Skokie, South Holland, Spring Grove, Steger, Stone Park, Vernon Hills, Wauconda, Western Springs, Willowbrook, Wilmette, Winnetka and Wood Dale and in Albany, Burlington, Clinton, Darlington, Delafield, Delavan, Elm Grove, Genoa City, Kenosha, Lake Geneva, Madison, Menomenee Falls, Milwaukee, Monroe, Pewaukee, Sharon, Wales, Walworth and Wind Lake, Wisconsin and Dyer, Indiana.

Additionally, the Company operates various non-bank business units:

-- First Insurance Funding Corporation, one of the largest insurance premium finance companies operating in the United States, serves commercial and life insurance loan customers throughout the country.

-- First Insurance Funding of Canada serves commercial insurance loan customers throughout Canada.

-- Tricom, Inc. of Milwaukee provides high-yielding, short-term accounts receivable financing and value-added out-sourced administrative services, such as data processing of payrolls, billing and cash management services, to temporary staffing service clients located throughout the United States.

-- Wintrust Mortgage, a division of Barrington Bank & Trust Company, engages primarily in the origination and purchase of residential mortgages for sale into the secondary market through origination offices located throughout the United States. Loans are also originated nationwide through relationships with wholesale and correspondent offices.

-- Wayne Hummer Investments, LLC is a broker-dealer providing a full range of private client and brokerage services to clients and correspondent banks located primarily in the Midwest.

-- Great Lakes Advisors LLC provides money management services and advisory services to individual accounts.

-- The Chicago Trust Company, a trust subsidiary, allows Wintrust to service customers’ trust and investment needs at each banking location.

-- Wintrust Asset Finance which offers direct leasing opportunities.

FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements within the meaning of federal securities laws. Forward-looking information can be identified through the use of words such as "intend," "plan," "project," "expect," "anticipate," "believe," "estimate," "contemplate," "possible," "point," "will," "may," "should," "would" and "could." Forward-looking statements and information are not historical facts, are premised on many factors and assumptions, and represent only management’s expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company’s 2015 Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company’s future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time, and management’s long-term performance goals, as well as statements relating to the anticipated effects on financial condition and results of operations from expected developments or events, the Company’s business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices. Actual results could differ materially from those addressed in the forward-looking statements as a result of numerous factors, including the following:

-- difficult economic conditions have adversely affected our company and the financial services industry in general and further deterioration in economic conditions may materially adversely affect our business, financial condition, results of operations and cash flows;

-- since our business is concentrated in the Chicago metropolitan and southern Wisconsin market areas, further declines in the economy of this region could adversely affect our business;

-- if our allowance for loan losses is not sufficient to absorb losses that may occur in our loan portfolio, our financial condition and liquidity could suffer;

-- a significant portion of our loan portfolio is comprised of commercial loans, the repayment of which is largely dependent upon the financial success and economic viability of the borrower;

-- a substantial portion of our loan portfolio is secured by real estate, in particular commercial real estate. Deterioration in the real estate markets could lead to additional losses, which could have a material adverse effect on our financial condition and results of operations;

-- any inaccurate assumptions in our analytical and forecasting models could cause us to miscalculate our projected revenue or losses, which could adversely affect our financial condition;

-- unanticipated changes in prevailing interest rates and the effects of changing regulation could adversely affect our net interest income, which is our largest source of income;

-- our liquidity position may be negatively impacted if economic conditions continue to suffer;

-- the financial services industry is very competitive, and if we are not able to compete effectively, we may lose market share and our business could suffer;

-- if we are unable to compete effectively, we will lose market share and income from deposits, loans and other products may be reduced. This could adversely affect our profitability and have a material adverse effect on our business, financial condition and results of operations;

-- if we are unable to continue to identify favorable acquisitions or successfully integrate our acquisitions, our growth may be limited and our results of operations could suffer;

-- our participation in FDIC-assisted acquisitions may present additional risks to our financial condition and results of operations;

-- an actual or perceived reduction in our financial strength may cause others to reduce or cease doing business with us, which could result in a decrease in our net interest income and fee revenues;

-- if our growth requires us to raise additional capital, that capital may not be available when it is needed or the cost of that capital may be very high;

-- disruption in the financial markets could result in lower fair values for our investment securities portfolio;

-- our controls and procedures may fail or be circumvented;

-- new lines of business and new products and services are essential to our ability to compete but may subject us to additional risks;

-- failures of our information technology systems may adversely affect our operations;

-- failures by or of our vendors may adversely affect our operations;

-- we issue debit cards, and debit card transactions pose a particular cybersecurity risk that is outside of our control;

-- we depend on the accuracy and completeness of information we receive about our customers and counterparties to make credit decisions;

-- if we are unable to attract and retain experienced and qualified personnel, our ability to provide high quality service will be diminished, we may lose key customer relationships, and our results of operations may suffer;

-- we are subject to environmental liability risk associated with lending activities;

-- we are subject to claims and legal actions which could negatively affect our results of operations or financial condition;

-- losses incurred in connection with actual or projected repurchases and indemnification payments related to mortgages that we have sold into the secondary market may exceed our financial statement reserves and we may be required to increase such reserves in the future. Increases to our reserves and losses incurred in connection with actual loan repurchases and indemnification payments could have a material adverse effect on our business, financial condition, results of operations or cash flows;

-- consumers may decide not to use banks to complete their financial transactions, which could adversely affect our business and results of operations;

-- we may be adversely impacted by the soundness of other financial institutions;

-- de novo operations often involve significant expenses and delayed returns and may negatively impact Wintrust’s profitability;

-- we are subject to examinations and challenges by tax authorities, and changes in federal and state tax laws and changes in interpretation of existing laws can impact our financial results;

-- changes in accounting policies or accounting standards could materially adversely affect how we report our financial results and financial condition;

-- we are a bank holding company, and our sources of funds, including to pay dividends, are limited;

-- anti-takeover provisions could negatively impact our shareholders;

-- if we fail to meet our regulatory capital ratios, we may be forced to raise capital or sell assets;

-- if our credit rating is lowered, our financing costs could increase;

-- changes in the United States’ monetary policy may restrict our ability to conduct our business in a profitable manner;

-- legislative and regulatory actions taken now or in the future regarding the financial services industry may significantly increase our costs or limit our ability to conduct our business in a profitable manner;

-- uncertainty regarding future legislative and regulatory actions may be disruptive to our operations;

-- financial reform legislation and increased regulatory rigor around mortgage-related issues may reduce our ability to market our products to consumers and may limit our ability to profitably operate our mortgage business;

-- federal, state and local consumer lending laws may restrict our ability to originate certain mortgage loans or increase our risk of liability with respect to such loans and could increase our cost of doing business;

-- regulatory initiatives regarding bank capital requirements may require heightened capital;

-- our FDIC insurance premiums may increase, which could negatively impact our results of operations;

-- non-compliance with the USA PATRIOT Act, Bank Secrecy Act or other laws and regulations could result in fines or sanctions;

-- our premium finance business may involve a higher risk of delinquency or collection than our other lending operations, and could expose us to losses;

-- widespread financial difficulties or credit downgrades among commercial and life insurance providers could lessen the value of the collateral securing our premium finance loans and impair the financial condition and liquidity of FIFC and FIFC Canada;

-- regulatory changes could significantly reduce loan volume and impair the financial condition of FIFC; and

-- our wealth management business in general, and WHI’s brokerage operation, in particular, exposes us to certain risks associated with the securities industry.

Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases.

CONFERENCE CALL, WEB CAST AND REPLAY

The Company will hold a conference call at 1:00 p.m. (CT) Thursday, January 19, 2017 regarding fourth quarter and year-end 2016 results. Individuals interested in listening should call (877) 363-5049 and enter Conference ID #47899456. A simultaneous audio-only web cast and replay of the conference call may be accessed via the Company’s website at (http://www.wintrust.com) ,">http://www.wintrust.com) , Investor Relations, Investor News and Events, Presentations & Conference Calls. The text of the fourth quarter and year-end 2016 earnings press release will be available on the home page of the Company’s website at (http://www.wintrust.com) and at the Investor Relations, Investor News and Events, Press Releases link on its website.

WINTRUST FINANCIAL CORPORATION

Supplemental Financial Information

5 Quarter Trends

WINTRUST FINANCIAL CORPORATION - Supplemental Financial Information

Selected Financial Highlights - 5 Quarter Trends

(Dollars in thousands, except per share data)

                                                                                                  Three Months Ended
                                                                                                  December 31,           September 30,          June 30,             March 31,             December 31,
                                                                                                  2016                   2016                   2016                 2016                  2015
Selected Financial Condition Data (at end of period):
Total assets                                                                                      $     25,668,553       $     25,321,759       $     24,420,616     $     23,488,168      $     22,909,348
Total loans, excluding loans held-for-sale and covered loans                                      19,703,172             19,101,261             18,174,655           17,446,413            17,118,117
Total deposits                                                                                    21,658,632             21,147,655             20,041,750           19,217,071            18,639,634
Junior subordinated debentures                                                                    253,566                253,566                253,566              253,566               268,566
Total shareholders’ equity                                                                        2,695,617              2,674,474              2,623,595            2,418,442             2,352,274
Selected Statements of Income Data:
Net interest income                                                                               190,778                184,636                175,270              171,509               167,206
Net revenue                                                                                       276,053                271,240                260,069              240,261               232,296
Net income                                                                                        54,608                 53,115                 50,041               49,111                35,512
Net income per common share - Basic                                                               $     0.98             $     0.96             $     0.94           $     0.94            $     0.66
Net income per common share - Diluted                                                             $     0.94             $     0.92             $     0.90           $     0.90            $     0.64
Selected Financial Ratios and Other Data:
Performance Ratios:
Net interest margin                                                                               3.21             %     3.21             %     3.24             %   3.29             %    3.26             %
Net interest margin - fully taxable equivalent (non-GAAP)                                         3.23             %     3.24             %     3.27             %   3.32             %    3.29             %
Non-interest income to average assets                                                             1.32             %     1.38             %     1.44             %   1.21             %    1.16             %
Non-interest expense to average assets                                                            2.80             %     2.82             %     2.89             %   2.70             %    2.98             %
Net overhead ratio                                                                                1.48             %     1.44             %     1.46             %   1.49             %    1.82             %
Return on average assets                                                                          0.85             %     0.85             %     0.85             %   0.86             %    0.63             %
Return on average common equity                                                                   8.32             %     8.20             %     8.43             %   8.55             %    6.03             %
Return on average tangible common equity (non-GAAP)                                               10.68            %     10.55            %     11.12            %   11.33            %    8.12             %
Average total assets                                                                              $     25,611,060       $     24,879,252       $     23,754,755     $     22,902,913      $     22,225,112
Average total shareholders’ equity                                                                2,689,876              2,651,684              2,465,732            2,389,770             2,347,545
Average loans to average deposits ratio (excluding loans held-for-sale, excluding covered loans)  89.6             %     89.8             %     92.4             %   92.2             %    90.2             %
Average loans to average deposits ratio (excluding loans held-for-sale, including covered loans)  89.9                   90.3                   92.9                 93.0                  91.0
Common Share Data at end of period:
Market price per common share                                                                     $     72.57            $     55.57            $     51.00          $     44.34           $     48.52
Book value per common share                                                                       $     47.12            $     46.86            $     45.96          $     44.67           $     43.42
Tangible common book value per share                                                              $     37.08            $     37.06            $     36.12          $     34.20           $     33.17
Common shares outstanding                                                                         51,880,540             51,714,683             51,619,155           48,518,998            48,383,279
Other Data at end of period:
Leverage Ratio                                                                                    8.9              %     9.0              %     9.2              %   8.7              %    9.1              %
Tier 1 Capital to risk-weighted assets                                                            9.7              %     9.8              %     10.1             %   9.6              %    10.0             %
Common equity Tier 1 capital to risk-weighted assets                                              8.6              %     8.7              %     8.9              %   8.4              %    8.4              %
Total capital to risk-weighted assets                                                             11.9             %     12.1             %     12.4             %   12.1             %    12.2             %
Allowance for credit losses                                                                       $     123,964          $     119,341          $     115,426        $     111,201         $     106,349
Non-performing loans                                                                              87,454                 83,128                 88,119               89,499                84,057
Allowance for credit losses to total loans                                                        0.63             %     0.62             %     0.64             %   0.64             %    0.62             %
Non-performing loans to total loans                                                               0.44             %     0.44             %     0.48             %   0.51             %    0.49             %
Number of:
Bank subsidiaries                                                                                 15                     15                     15                   15                    15
Banking offices                                                                                   155                    152                    153                  153                   152

(1) Net revenue includes net interest income and non-interest income.

(2) See "Supplemental Financial Measures/Ratios" for additional information on this performance measure/ratio.

(3) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period’s total average assets. A lower ratio indicates a higher degree of efficiency.

(4) Capital ratios for current quarter-end are estimated. As of January 1, 2015 capital ratios are calculated under the requirements of Basel III.

(5) The allowance for credit losses includes both the allowance for loan losses and the allowance for unfunded lending-related commitments, but excluding the allowance for covered loan losses.

(6) Asset quality ratios exclude covered loans.

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Consolidated Statements of Condition - 5 Quarter Trends

                                                                     (Unaudited)            (Unaudited)            (Unaudited)           (Unaudited)
                                                                     December 31,           September 30,          June 30,              March 31,             December 31,
(In thousands)                                                       2016                   2016                   2016                  2016                  2015
Assets
Cash and due from banks                                              $     267,194          $     242,825          $     267,551         $     208,480         $     271,454
Federal funds sold and securities purchased under resale agreements  2,851                  4,122                  4,024                 3,820                 4,341
Interest bearing deposits with banks                                 980,457                816,104                693,269               817,013               607,782
Available-for-sale securities, at fair value                         1,724,667              1,650,096              637,663               770,983               1,716,388
Held-to-maturity securities, at amortized cost                       635,705                932,767                992,211               911,715               884,826
Trading account securities                                           1,989                  1,092                  3,613                 2,116                 448
Federal Home Loan Bank and Federal Reserve Bank stock                133,494                129,630                121,319               113,222               101,581
Brokerage customer receivables                                       25,181                 25,511                 26,866                28,266                27,631
Mortgage loans held-for-sale                                         418,374                559,634                554,256               314,554               388,038
Loans, net of unearned income, excluding covered loans               19,703,172             19,101,261             18,174,655            17,446,413            17,118,117
Covered loans                                                        58,145                 95,940                 105,248               138,848               148,673
Total loans                                                          19,761,317             19,197,201             18,279,903            17,585,261            17,266,790
Allowance for loan losses                                            (122,291         )     (117,693         )     (114,356         )    (110,171         )    (105,400         )
Allowance for covered loan losses                                    (1,322           )     (1,422           )     (2,412           )    (2,507           )    (3,026           )
Net loans                                                            19,637,704             19,078,086             18,163,135            17,472,583            17,158,364
Premises and equipment, net                                          597,301                597,263                595,792               591,608               592,256
Lease investments, net                                               129,402                116,355                103,749               89,337                63,170
Accrued interest receivable and other assets                         593,796                660,923                670,014               647,853               597,099
Trade date securities receivable                                     --                     677                    1,079,238             1,008,613             --
Goodwill                                                             498,587                485,938                486,095               484,280               471,761
Other intangible assets                                              21,851                 20,736                 21,821                23,725                24,209
Total assets                                                         $     25,668,553       $     25,321,759       $     24,420,616      $     23,488,168      $     22,909,348
Liabilities and Shareholders’ Equity
Deposits:
Non-interest bearing                                                 $     5,927,377        $     5,711,042        $     5,367,672       $     5,205,410       $     4,836,420
Interest bearing                                                     15,731,255             15,436,613             14,674,078            14,011,661            13,803,214
Total deposits                                                       21,658,632             21,147,655             20,041,750            19,217,071            18,639,634
Federal Home Loan Bank advances                                      153,831                419,632                588,055               799,482               853,431
Other borrowings                                                     262,486                241,366                252,611               253,126               265,785
Subordinated notes                                                   138,971                138,943                138,915               138,888               138,861
Junior subordinated debentures                                       253,566                253,566                253,566               253,566               268,566
Trade date securities payable                                        --                     --                     40,000                --                    538
Accrued interest payable and other liabilities                       505,450                446,123                482,124               407,593               390,259
Total liabilities                                                    22,972,936             22,647,285             21,797,021            21,069,726            20,557,074
Shareholders’ Equity:
Preferred stock                                                      251,257                251,257                251,257               251,257               251,287
Common stock                                                         51,978                 51,811                 51,708                48,608                48,469
Surplus                                                              1,365,781              1,356,759              1,350,751             1,194,750             1,190,988
Treasury stock                                                       (4,589           )     (4,522           )     (4,145           )    (4,145           )    (3,973           )
Retained earnings                                                    1,096,518              1,051,748              1,008,464             967,882               928,211
Accumulated other comprehensive loss                                 (65,328          )     (32,579          )     (34,440          )    (39,910          )    (62,708          )
Total shareholders’ equity                                           2,695,617              2,674,474              2,623,595             2,418,442             2,352,274
Total liabilities and shareholders’ equity                           $     25,668,553       $     25,321,759       $     24,420,616      $     23,488,168      $     22,909,348

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Consolidated Statements of Income (Unaudited) - 5 Quarter Trends

                                                                     Three Months Ended
                                                                     December 31,   September 30,      June 30,        March 31,        December 31,
(In thousands, except per share data)                                2016           2016               2016            2016             2015
Interest income
Interest and fees on loans                                           $    199,155   $    190,189       $   178,530     $   173,127      $    169,501
Interest bearing deposits with banks                                 1,541          1,156              793             746              493
Federal funds sold and securities purchased under resale agreements  1              1                  1               1                --
Investment securities                                                12,954         15,496             16,398          17,190           16,405
Trading account securities                                           32             18                 14              11               25
Federal Home Loan Bank and Federal Reserve Bank stock                1,144          1,094              1,112           937              857
Brokerage customer receivables                                       186            195                216             219              206
Total interest income                                                215,013        208,149            197,064         192,231          187,487
Interest expense
Interest on deposits                                                 16,413         15,621             13,594          12,781           12,617
Interest on Federal Home Loan Bank advances                          2,439          2,577              2,984           2,886            2,684
Interest on other borrowings                                         1,074          1,137              1,086           1,058            1,007
Interest on subordinated notes                                       1,779          1,778              1,777           1,777            1,777
Interest on junior subordinated debentures                           2,530          2,400              2,353           2,220            2,196
Total interest expense                                               24,235         23,513             21,794          20,722           20,281
Net interest income                                                  190,778        184,636            175,270         171,509          167,206
Provision for credit losses                                          7,350          9,571              9,129           8,034            9,059
Net interest income after provision for credit losses                183,428        175,065            166,141         163,475          158,147
Non-interest income
Wealth management                                                    19,512         19,334             18,852          18,320           18,634
Mortgage banking                                                     35,489         34,712             36,807          21,735           23,317
Service charges on deposit accounts                                  8,054          8,024              7,726           7,406            7,210
Gains (losses) on investment securities, net                         1,575          3,305              1,440           1,325            (79          )
Fees from covered call options                                       1,476          3,633              4,649           1,712            3,629
Trading gains (losses), net                                          1,007          (432         )     (316        )   (168        )    205
Operating lease income, net                                          5,171          4,459              4,005           2,806            1,973
Other                                                                12,991         13,569             11,636          15,616           10,201
Total non-interest income                                            85,275         86,604             84,799          68,752           65,090
Non-interest expense
Salaries and employee benefits                                       104,735        103,718            100,894         95,811           99,780
Equipment                                                            9,532          9,449              9,307           8,767            8,799
Operating lease equipment depreciation                               4,219          3,605              3,385           2,050            1,202
Occupancy, net                                                       14,254         12,767             11,943          11,948           13,062
Data processing                                                      7,687          7,432              7,138           6,519            7,284
Advertising and marketing                                            6,691          7,365              6,941           3,779            5,373
Professional fees                                                    5,425          5,508              5,419           4,059            4,387
Amortization of other intangible assets                              1,158          1,085              1,248           1,298            1,324
FDIC insurance                                                       4,726          3,686              4,040           3,613            3,317
OREO expense, net                                                    1,843          1,436              1,348           560              2,598
Other                                                                20,101         20,564             19,306          15,326           19,703
Total non-interest expense                                           180,371        176,615            170,969         153,730          166,829
Income before taxes                                                  88,332         85,054             79,971          78,497           56,408
Income tax expense                                                   33,724         31,939             29,930          29,386           20,896
Net income                                                           $    54,608    $    53,115        $   50,041      $   49,111       $    35,512
Preferred stock dividends and discount accretion                     3,629          3,628              3,628           3,628            3,629
Net income applicable to common shares                               $    50,979    $    49,487        $   46,413      $   45,483       $    31,883
Net income per common share - Basic                                  $    0.98      $    0.96          $   0.94        $   0.94         $    0.66
Net income per common share - Diluted                                $    0.94      $    0.92          $   0.90        $   0.90         $    0.64
Cash dividends declared per common share                             $    0.12      $    0.12          $   0.12        $   0.12         $    0.11
Weighted average common shares outstanding                           51,812         51,679             49,140          48,448           48,371
Dilutive potential common shares                                     4,152          4,047              3,965           3,820            4,005
Average common shares and dilutive common shares                     55,964         55,726             53,105          52,268           52,376

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Period End Loan Balances - 5 Quarter Trends

                                                              December 31,          September 30,         June 30,            March 31,            December 31,
(Dollars in thousands)                                        2016                  2016                  2016                2016                 2015
Balance:
Commercial                                                    $    6,005,422        $    5,951,544        $    5,144,533      $    4,890,246       $    4,713,909
Commercial real estate                                        6,196,087             5,908,684             5,848,334           5,737,959            5,529,289
Home equity                                                   725,793               742,868               760,904             774,342              784,675
Residential real estate                                       705,221               663,598               653,664             626,043              607,451
Premium finance receivables - commercial                      2,478,581             2,430,233             2,478,280           2,320,987            2,374,921
Premium finance receivables - life insurance                  3,470,027             3,283,359             3,161,562           2,976,934            2,961,496
Consumer and other                                            122,041               120,975               127,378             119,902              146,376
Total loans, net of unearned income, excluding covered loans  $    19,703,172       $    19,101,261       $    18,174,655     $    17,446,413      $    17,118,117
Covered loans                                                 58,145                95,940                105,248             138,848              148,673
Total loans, net of unearned income                           $    19,761,317       $    19,197,201       $    18,279,903     $    17,585,261      $    17,266,790
Mix:
Commercial                                                    30              %     31              %     28              %   28              %    27              %
Commercial real estate                                        31                    31                    31                  32                   32
Home equity                                                   4                     4                     4                   4                    5
Residential real estate                                       4                     3                     4                   4                    3
Premium finance receivables - commercial                      12                    13                    14                  13                   14
Premium finance receivables - life insurance                  18                    17                    17                  17                   17
Consumer and other                                            1                     1                     1                   1                    1
Total loans, net of unearned income, excluding covered loans  100             %     100             %     99              %   99              %    99              %
Covered loans                                                 --                    --                    1                   1                    1
Total loans, net of unearned income                           100             %     100             %     100             %   100             %    100             %

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Period End Deposits Balances - 5 Quarter Trends

                                          December 31,          September 30,         June 30,            March 31,            December 31,
(Dollars in thousands)                    2016                  2016                  2016                2016                 2015
Balance:
Non-interest bearing                      $    5,927,377        $    5,711,042        $    5,367,672      $    5,205,410       $    4,836,420
NOW and interest bearing demand deposits  2,624,442             2,552,611             2,450,710           2,369,474            2,390,217
Wealth management deposits                2,209,617             2,283,233             1,904,121           1,761,710            1,643,653
Money market                              4,441,811             4,421,631             4,384,134           4,157,083            4,041,300
Savings                                   2,180,482             1,977,661             1,851,863           1,766,552            1,723,367
Time certificates of deposit              4,274,903             4,201,477             4,083,250           3,956,842            4,004,677
Total deposits                            $    21,658,632       $    21,147,655       $    20,041,750     $    19,217,071      $    18,639,634
Mix:
Non-interest bearing                      27              %     27              %     27              %   27              %    26              %
NOW and interest bearing demand deposits  12                    12                    12                  12                   13
Wealth management deposits                10                    11                    10                  9                    9
Money market                              21                    21                    22                  22                   22
Savings                                   10                    9                     9                   9                    9
Time certificates of deposit              20                    20                    20                  21                   21
Total deposits                            100             %     100             %     100             %   100             %    100             %

(1) Represents deposit balances of the Company’s subsidiary banks from brokerage customers of Wayne Hummer Investments, trust and asset management customers of the Company and brokerage customers from unaffiliated companies which have been placed into deposit accounts of the Banks.

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Net Interest Margin (Including Call Option Income) - 5 Quarter Trends

                                                         Three Months Ended
                                                         December 31,       September 30,      June 30,       March 31,        December 31,
(Dollars in thousands)                                   2016               2016               2016           2016             2015
Net interest income - FTE                                $    192,276       $    186,192       $  176,733     $   172,944      $    168,515
Call option income                                       1,476              3,633              4,649          1,712            3,629
Net interest income including call option income         $    193,752       $    189,825       $  181,382     $   174,656      $    172,144
Yield on earning assets                                  3.64         %     3.65         %     3.67       %   3.71        %    3.69         %
Rate on interest-bearing liabilities                     0.58               0.58               0.56           0.55             0.55
Rate spread                                              3.06         %     3.07         %     3.11       %   3.16        %    3.14         %
Less:  Fully tax-equivalent adjustment                   (0.02        )     (0.03        )     (0.03      )   (0.03       )    (0.03        )
Net free funds contribution                              0.17               0.17               0.16           0.16             0.15
Net interest margin (GAAP-derived)                       3.21         %     3.21         %     3.24       %   3.29        %    3.26         %
Fully tax-equivalent adjustment                          0.02               0.03               0.03           0.03             0.03
Net interest margin - FTE                                3.23         %     3.24         %     3.27       %   3.32        %    3.29         %
Call option income                                       0.02               0.06               0.09           0.03             0.07
Net interest margin - FTE, including call option income  3.25         %     3.30         %     3.36       %   3.35        %    3.36         %

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Net Interest Margin (Including Call Option Income - YTD Trends)

                                                         Years Ended
                                                         December 31,
(Dollars in thousands)                                   2016           2015           2014          2013          2012
Net interest income - FTE                                $   728,145    $   646,238    $  601,744    $  552,887    $   521,463
Call option income                                       11,470         15,364         7,859         4,773         10,476
Net interest income including call option income         $   739,615    $   661,602    $  609,603    $  557,660    $   531,939
Yield on earning assets                                  3.67        %  3.76        %  3.96       %  4.01       %  4.21        %
Rate on interest-bearing liabilities                     0.57           0.54           0.55          0.63          0.86
Rate spread                                              3.10        %  3.22        %  3.41       %  3.38       %  3.35        %
Less:  Fully tax-equivalent adjustment                   (0.02       )  (0.02       )  (0.02      )  (0.01      )  (0.02       )
Net free funds contribution                              0.16           0.14           0.12          0.12          0.14
Net interest margin (GAAP-derived)                       3.24        %  3.34        %  3.51       %  3.49       %  3.47        %
Fully tax-equivalent adjustment                          0.02           0.02           0.02          0.01          0.02
Net interest margin - FTE                                3.26        %  3.36        %  3.53       %  3.50       %  3.49        %
Call option income                                       0.05           0.08           0.05          0.03          0.07
Net interest margin - FTE, including call option income  3.31        %  3.44        %  3.58       %  3.53       %  3.56        %

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Quarterly Average Balances - 5 Quarter Trends

                                            Three Months Ended
                                            December 31,           September 30,          June 30,             March 31,             December 31,
(In thousands)                              2016                   2016                   2016                 2016                  2015
Liquidity management assets                 $     3,860,616        $     3,671,577        $     3,413,113      $     3,300,138       $     3,245,393
Other earning assets                        27,608                 29,875                 29,759               28,731                29,792
Loans, net of unearned income               19,711,504             19,071,621             18,204,552           17,508,593            16,889,922
Covered loans                               59,827                 101,570                109,533              141,351               154,846
Total earning assets                        $     23,659,555       $     22,874,643       $     21,756,957     $     20,978,813      $     20,319,953
Allowance for loan and covered loan losses  (122,665         )     (121,156         )     (116,984         )   (112,028         )    (109,448         )
Cash and due from banks                     221,892                240,239                272,935              259,343               260,593
Other assets                                1,852,278              1,885,526              1,841,847            1,776,785             1,754,014
Total assets                                $     25,611,060       $     24,879,252       $     23,754,755     $     22,902,913      $     22,225,112
Interest-bearing deposits                   $     15,567,263       $     15,117,102       $     14,065,995     $     13,717,333      $     13,606,046
Federal Home Loan Bank advances             388,780                459,198                946,081              825,104               441,669
Other borrowings                            240,174                249,307                248,233              257,384               269,738
Subordinated notes                          138,953                138,925                138,898              138,870               138,852
Junior subordinated debentures              253,566                253,566                253,566              257,687               268,566
Total interest-bearing liabilities          $     16,588,736       $     16,218,098       $     15,652,773     $     15,196,378      $     14,724,871
Non-interest bearing deposits               5,902,439              5,566,983              5,223,384            4,939,746             4,776,977
Other liabilities                           430,009                442,487                412,866              377,019               375,719
Equity                                      2,689,876              2,651,684              2,465,732            2,389,770             2,347,545
Total liabilities and shareholders’ equity  $     25,611,060       $     24,879,252       $     23,754,755     $     22,902,913      $     22,225,112

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Net Interest Margin - 5 Quarter Trends

                                        Three Months Ended
                                        December 31,  September 30,  June 30,    March 31,   December 31,
                                        2016          2016           2016        2016        2015
Yield earned on:
Liquidity management assets             1.70   %      2.03   %       2.27  %     2.41  %     2.28   %
Other earning assets                    3.37   %      2.96   %       3.21  %     3.31  %     3.26   %
Loans, net of unearned income           4.01   %      3.96   %       3.92  %     3.94  %     3.95   %
Covered loans                           6.38   %      4.45   %       5.44  %     5.72  %     4.79   %
Total earning assets                    3.64   %      3.65   %       3.67  %     3.71  %     3.69   %
Rate paid on:
Interest-bearing deposits               0.42   %      0.41   %       0.39  %     0.37  %     0.37   %
Federal Home Loan Bank advances         2.50   %      2.23   %       1.27  %     1.41  %     2.41   %
Other borrowings                        1.78   %      1.81   %       1.76  %     1.65  %     1.48   %
Subordinated notes                      5.12   %      5.12   %       5.12  %     5.12  %     5.12   %
Junior subordinated debentures          3.90   %      3.70   %       3.67  %     3.41  %     3.20   %
Total interest-bearing liabilities      0.58   %      0.58   %       0.56  %     0.55  %     0.55   %
Interest rate spread                    3.06   %      3.07   %       3.11  %     3.16  %     3.14   %
Less:  Fully tax-equivalent adjustment  (0.02  )      (0.03  )       (0.03 )     (0.03 )     (0.03  )
Net free funds/contribution             0.17          0.17           0.16        0.16        0.15
Net interest margin (GAAP)              3.21   %      3.21   %       3.24  %     3.29  %     3.26   %
Fully tax-equivalent adjustment         0.02          0.03           0.03        0.03        0.03
Net interest margin - FTE               3.23   %      3.24   %       3.27  %     3.32  %     3.29   %

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Non-Interest Income - 5 Quarter Trends

                                              Three Months Ended
                                              December 31,      September 30,     June 30,       March 31,       December 31,
(In thousands)                                2016              2016              2016           2016            2015
Brokerage                                     $    6,408        $    6,752        $   6,302      $   6,057       $    6,850
Trust and asset management                    13,104            12,582            12,550         12,263          11,784
Total wealth management                       19,512            19,334            18,852         18,320          18,634
Mortgage banking                              35,489            34,712            36,807         21,735          23,317
Service charges on deposit accounts           8,054             8,024             7,726          7,406           7,210
Gains (losses) on investment securities, net  1,575             3,305             1,440          1,325           (79         )
Fees from covered call options                1,476             3,633             4,649          1,712           3,629
Trading gains (losses), net                   1,007             (432        )     (316       )   (168       )    205
Operating lease income, net                   5,171             4,459             4,005          2,806           1,973
Other:
Interest rate swap fees                       2,870             2,881             1,835          4,438           2,343
BOLI                                          981               884               1,257          472             1,463
Administrative services                       1,115             1,151             1,074          1,069           1,101
(Loss) gain on extinguishment of debt         (717        )     --                --             4,305           --
Miscellaneous                                 8,742             8,653             7,470          5,332           5,294
Total other income                            12,991            13,569            11,636         15,616          10,201
Total Non-Interest Income                     $    85,275       $    86,604       $   84,799     $   68,752      $    65,090

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Non-Interest Expense - 5 Quarter Trends

                                         Three Months Ended
                                         December 31,   September 30,  June 30,      March 31,     December 31,
(In thousands)                           2016           2016           2016          2016          2015
Salaries and employee benefits:
Salaries                                 $    53,108    $    54,309    $   52,924    $   50,282    $    50,982
Commissions and incentive compensation   35,744         33,740         32,531        26,375        31,222
Benefits                                 15,883         15,669         15,439        19,154        17,576
Total salaries and employee benefits     104,735        103,718        100,894       95,811        99,780
Equipment                                9,532          9,449          9,307         8,767         8,799
Operating lease equipment depreciation   4,219          3,605          3,385         2,050         1,202
Occupancy, net                           14,254         12,767         11,943        11,948        13,062
Data processing                          7,687          7,432          7,138         6,519         7,284
Advertising and marketing                6,691          7,365          6,941         3,779         5,373
Professional fees                        5,425          5,508          5,419         4,059         4,387
Amortization of other intangible assets  1,158          1,085          1,248         1,298         1,324
FDIC insurance                           4,726          3,686          4,040         3,613         3,317
OREO expense, net                        1,843          1,436          1,348         560           2,598
Other:
Commissions - 3rd party brokers          1,165          1,362          1,324         1,310         1,321
Postage                                  1,955          1,889          2,038         1,302         1,892
Miscellaneous                            16,981         17,313         15,944        12,714        16,490
Total other expense                      20,101         20,564         19,306        15,326        19,703
Total Non-Interest Expense               $    180,371   $    176,615   $   170,969   $   153,730   $    166,829

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Allowance for Credit Losses, excluding covered loans - 5 Quarter Trends

                                                                                                  Three Months Ended
                                                                                                  December 31,          September 30,         June 30,           March 31,           December 31,
(Dollars in thousands)                                                                            2016                  2016                  2016               2016                2015
Allowance for loan losses at beginning of period                                                  $    117,693          $    114,356          $   110,171        $   105,400         $    102,996
Provision for credit losses                                                                       7,357                 9,741                 9,269              8,423               9,196
Other adjustments                                                                                 33                    (112            )     (134           )   (78            )    (243            )
Reclassification (to) from allowance for unfunded lending-related commitments                     (25             )     (579            )     (40            )   (81            )    13
Charge-offs:
Commercial                                                                                        3,054                 3,469                 721                671                 1,369
Commercial real estate                                                                            375                   382                   502                671                 2,734
Home equity                                                                                       326                   574                   2,046              1,052               680
Residential real estate                                                                           410                   134                   693                493                 211
Premium finance receivables - commercial                                                          1,843                 1,959                 1,911              2,480               2,676
Premium finance receivables - life insurance                                                      --                    --                    --                 --                  --
Consumer and other                                                                                205                   389                   224                107                 179
Total charge-offs                                                                                 6,213                 6,907                 6,097              5,474               7,849
Recoveries:
Commercial                                                                                        668                   176                   121                629                 315
Commercial real estate                                                                            1,916                 364                   296                369                 491
Home equity                                                                                       300                   65                    71                 48                  183
Residential real estate                                                                           21                    61                    31                 112                 55
Premium finance receivables - commercial                                                          498                   456                   633                787                 223
Premium finance receivables - life insurance                                                      --                    --                    --                 --                  --
Consumer and other                                                                                43                    72                    35                 36                  20
Total recoveries                                                                                  3,446                 1,194                 1,187              1,981               1,287
Net charge-offs                                                                                   (2,767          )     (5,713          )     (4,910         )   (3,493         )    (6,562          )
Allowance for loan losses at period end                                                           $    122,291          $    117,693          $   114,356        $   110,171         $    105,400
Allowance for unfunded lending-related commitments at period end                                  1,673                 1,648                 1,070              1,030               949
Allowance for credit losses at period end                                                         $    123,964          $    119,341          $   115,426        $   111,201         $    106,349
Annualized net charge-offs by category as a percentage of its own respective category’s average:
Commercial                                                                                        0.16            %     0.24            %     0.05           %   0.00           %    0.09            %
Commercial real estate                                                                            (0.10           )     0.00                  0.01               0.02                0.16
Home equity                                                                                       0.01                  0.27                  1.03               0.52                0.25
Residential real estate                                                                           0.13                  0.03                  0.26               0.17                0.07
Premium finance receivables - commercial                                                          0.22                  0.24                  0.21               0.29                0.41
Premium finance receivables - life insurance                                                      0.00                  0.00                  0.00               0.00                0.00
Consumer and other                                                                                0.47                  0.92                  0.57               0.20                0.37
Total loans, net of unearned income, excluding covered loans                                      0.06            %     0.12            %     0.11           %   0.08           %    0.15            %
Net charge-offs as a percentage of the provision for credit losses                                37.61           %     58.65           %     52.97          %   41.47          %    71.35           %
Loans at period-end                                                                               $    19,703,172       $    19,101,261       $   18,174,655     $   17,446,413      $    17,118,117
Allowance for loan losses as a percentage of loans at period end                                  0.62            %     0.62            %     0.63           %   0.63           %    0.62            %
Allowance for credit losses as a percentage of loans at period end                                0.63            %     0.62            %     0.64           %   0.64           %    0.62            %

WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION

Non-Performing Assets, excluding covered assets - 5 Quarter Trends

                                                                                                         December 31,       September 30,      June 30,        March 31,        December 31,
(Dollars in thousands)                                                                                   2016               2016               2016            2016             2015
Loans past due greater than 90 days and still accruing:
Commercial                                                                                               $    174           $    --            $   235         $   338          $    541
Commercial real estate                                                                                   --                 --                 --              1,260            --
Home equity                                                                                              --                 --                 --              --               --
Residential real estate                                                                                  --                 --                 --              --               --
Premium finance receivables - commercial                                                                 7,962              7,754              10,558          9,548            10,294
Premium finance receivables - life insurance                                                             3,717              --                 --              1,641            --
Consumer and other                                                                                       144                60                 163             180              150
Total loans past due greater than 90 days and still accruing                                             11,997             7,814              10,956          12,967           10,985
Non-accrual loans:
Commercial                                                                                               15,875             16,418             16,801          12,373           12,712
Commercial real estate                                                                                   21,924             22,625             24,415          26,996           26,645
Home equity                                                                                              9,761              9,309              8,562           9,365            6,848
Residential real estate                                                                                  12,749             12,205             12,413          11,964           12,043
Premium finance receivables - commercial                                                                 14,709             14,214             14,497          15,350           14,561
Premium finance receivables - life insurance                                                             --                 --                 --              --               --
Consumer and other                                                                                       439                543                475             484              263
Total non-accrual loans                                                                                  75,457             75,314             77,163          76,532           73,072
Total non-performing loans:
Commercial                                                                                               16,049             16,418             17,036          12,711           13,253
Commercial real estate                                                                                   21,924             22,625             24,415          28,256           26,645
Home equity                                                                                              9,761              9,309              8,562           9,365            6,848
Residential real estate                                                                                  12,749             12,205             12,413          11,964           12,043
Premium finance receivables - commercial                                                                 22,671             21,968             25,055          24,898           24,855
Premium finance receivables - life insurance                                                             3,717              --                 --              1,641            --
Consumer and other                                                                                       583                603                638             664              413
Total non-performing loans                                                                               $    87,454        $    83,128        $   88,119      $   89,499       $    84,057
Other real estate owned                                                                                  17,699             19,933             22,154          24,022           26,849
Other real estate owned - from acquisitions                                                              22,583             15,117             15,909          16,980           17,096
Other repossessed assets                                                                                 581                428                420             171              174
Total non-performing assets                                                                              $    128,317       $    118,606       $   126,602     $   130,672      $    128,176
TDRs performing under the contractual terms of the loan agreement                                        29,911             29,440             33,310          34,949           42,744
Total non-performing loans by category as a percent of its own respective category’s period-end balance:
Commercial                                                                                               0.27         %     0.28         %     0.33        %   0.26        %    0.28         %
Commercial real estate                                                                                   0.35               0.38               0.42            0.49             0.48
Home equity                                                                                              1.34               1.25               1.13            1.21             0.87
Residential real estate                                                                                  1.81               1.84               1.90            1.91             1.98
Premium finance receivables - commercial                                                                 0.91               0.90               1.01            1.07             1.05
Premium finance receivables - life insurance                                                             0.11               --                 --              0.06             --
Consumer and other                                                                                       0.48               0.50               0.50            0.55             0.28
Total loans, net of unearned income                                                                      0.44         %     0.44         %     0.48        %   0.51        %    0.49         %
Total non-performing assets as a percentage of total assets                                              0.50         %     0.47         %     0.52        %   0.56        %    0.56         %
Allowance for loan losses as a percentage of total non-performing loans                                  139.83       %     141.58       %     129.78      %   123.10      %    125.39       %

(1) As of the dates shown, no TDRs were past due greater than 90 days and still accruing interest.

(2) Non-accrual loans included TDRs totaling $11.8 million, $14.8 million, $16.3 million, $17.6 million and $9.1 million as of December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, respectively.

FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, President & Chief Executive Officer
David A. Dykstra, Senior Executive Vice President & Chief Operating Officer
(847) 939-9000
Web site address: www.wintrust.com

<img src="http://www.globenewswire.com/newsroom/ti?ndecode=MTUwIzY2NjE1MTE=" alt="" width="1" height="1"/>



Register |  Password |  Feedback |  Copyright |  Usage Agreement |  Privacy Policy |  Advertising |  About Us |  Contact Us |  FAQ 

Past performance is not indicative of future results

StockSelector.com, the StockSelector.com logo, and News Selects are trademarks of StockSelector.com.
Copyright © 1998 - 2018 StockSelector.com. All rights reserved.