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Condensed Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Parent Company Financial Statements Condensed Parent Company Financial Statements
Condensed parent company only financial statements of Wintrust follow:

Statements of Financial Condition

 December 31,
(In thousands)20202019
Assets
Cash$322,607 $96,245 
Available-for-sale debt securities and equity securities with readily determinable fair value15,250 14,695 
Investment in and receivable from subsidiaries4,464,747 4,266,278 
Loans, net of unearned income— 75 
Allowance for loan losses— (5)
Net loans$— $70 
Goodwill8,371 8,371 
Other assets366,209 353,064 
Total assets$5,177,184 $4,738,723 
Liabilities and Shareholders’ Equity
Other liabilities$204,299 $188,275 
Subordinated notes436,506 436,095 
Other borrowings166,818 169,537 
Junior subordinated debentures253,566 253,566 
Shareholders’ equity4,115,995 3,691,250 
Total liabilities and shareholders’ equity$5,177,184 $4,738,723 

Statements of Income

 Years Ended December 31,
(In thousands)202020192018
Income
Dividends and other revenue from subsidiaries$317,839 $198,918 $171,388 
Investment securities (losses) gains and other income(1,890)3,044 4 
Total income$315,949 $201,962 $171,392 
Expenses
Interest expense$39,581 $34,649 $22,375 
Salaries and employee benefits75,179 72,925 64,726 
Other expenses113,886 116,132 108,038 
Total expenses$228,646 $223,706 $195,139 
Income (loss) before income taxes and equity in undistributed income of subsidiaries$87,303 $(21,744)$(23,747)
Income tax benefit42,745 40,776 34,186 
Income before equity in undistributed net income of subsidiaries$130,048 $19,032 $10,439 
Equity in undistributed net income of subsidiaries162,942 336,665 332,727 
Net income$292,990 $355,697 $343,166 
Statements of Cash Flows

 Years Ended December 31,
(In thousands)202020192018
Operating Activities:
Net income$292,990 $355,697 $343,166 
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses— (18)56 
(Gains) losses on investment securities, net(192)(1,900)957 
Depreciation and amortization22,224 15,675 11,943 
Deferred income tax expense11,336 8,342 502 
Stock-based compensation expense(2,813)5,611 6,025 
Decrease in other assets4,838 4,940 2,728 
Increase (decrease) in other liabilities2,388 (13,181)650 
Equity in undistributed net income of subsidiaries(162,942)(336,665)(332,727)
Net Cash Provided by Operating Activities$167,829 $38,501 $33,300 
Investing Activities:
Capital (contributions to) distributions from subsidiaries, net$(12,000)$(22,500)$4,632 
Net cash paid for acquisitions, net— (124,338)(87,081)
Other investing activity, net(40,127)(51,495)(57,143)
Net Cash Used for Investing Activities$(52,127)$(198,333)$(139,592)
Financing Activities:
(Decrease) increase in subordinated notes, other borrowings and junior subordinated debentures, net$(2,690)$273,886 $101,910 
Net proceeds from issuance of Series E Preferred Stock277,613 — — 
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants15,059 10,667 15,903 
Dividends paid(85,890)(65,110)(50,987)
Common stock repurchases under authorized program(92,055)— — 
Common stock repurchases for tax withholdings related to stock-based compensation(1,377)(1,297)(648)
Net Cash Provided by Financing Activities$110,660 $218,146 $66,178 
Net Increase (Decrease) in Cash and Cash Equivalents$226,362 $58,314 $(40,114)
Cash and Cash Equivalents at Beginning of Year96,245 37,931 78,045 
Cash and Cash Equivalents at End of Year$322,607 $96,245 $37,931