Wintrust Financial Corporation Reports Fourth Quarter 2012 Net Income of $30.1 Million, an Increase of 57% and Record Full Year

Wintrust Financial Corporation Reports Fourth Quarter 2012 Net Income of $30.1
Million, an Increase of 57% and Record Full Year 2012 Net Income of $111.2
Million, an Increase of 43%

ROSEMONT, Ill., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Wintrust Financial
Corporation ("Wintrust" or "the Company") (Nasdaq:WTFC) announced net income
of $30.1 million or $0.61 per diluted common share for the fourth quarter of
2012 compared to net income of $32.3 million or $0.66 per common diluted share
for the third quarter of 2012 and $19.2 million or $0.41 per common diluted
share for the fourth quarter of 2011. The Company recorded net income of
$111.2 million or $2.31 per common diluted share for the full year of 2012
compared to net income of $77.6 million or $1.67 per common diluted share for
the full year of 2011.

Highlights compared with the Third Quarter of 2012*:

  *12% annualized growth rate in total assets to $17.5 billion
  *12% annualized growth rate in total loans to $11.8 billion, excluding
    covered loans and loans held for sale
  *17% annualized growth rate in total deposits to $14.4 billion, with
    non-interest bearing deposits increasing to 16.6% of total deposits at
    year-end, up from 15.6% at the start of the quarter
  *Pre-tax adjusted earnings increased $3.1 million as: net interest income
    increased $0.2 million, pre-tax adjusted non-interest income increased
    $4.5 million and acquisition-related pre-tax adjusted non-interest expense
    increased $1.6 million
  *Efficiency Ratio, based on pre-tax adjusted earnings, improved to 62.75%
  *Net overhead ratio, based on pre-tax adjusted earnings, improved to 1.40%
  *Recorded $2.6 million in securities gains as a result of Management's
    decision to sell certain securities in conjunction with recording $2.1
    million in breakage fees for the termination of approximately $68.4
    million longer-term, higher rate repurchase agreements.
  *Net interest margin declined by ten basis points, with six basis points of
    the decline related to a larger portion of our earning assets being
    comprised of liquidity management assets
  *At year end, the Company's loan pipeline remained strong as evidenced by
    total period end loans, excluding covered loans and loans held for
    sale,increasing $339.0 million from the start of the quarter, while total
    average loans, excluding covered loans and loans held for sale, increased
    $164.6 million during the quarter
  *Decrease in total non-performing assets as a percentage of total assets to
    1.03%, down from 1.09%, with an allowance coverage ratio of 91%
  *Tangible common book value per share of $29.28, up from $28.93, resulting
    in 9% and 10% annual compound growth rates in tangible common book value
    per share over the past five and ten year periods, respectively.
  *Completed the acquisition of Hyde Park Bank & Trust Company in December

* See "Supplemental Financial Measures/Ratios" on page 14/15 for more
information on non-GAAP measures.

The Company's total assets of $17.5 billion at December 31, 2012 increased
$1.6 billion from December 31, 2011. Total deposits as of December 31, 2012
were $14.4 billion, an increase of $2.1 billion from December 31, 2011.
Non-interest bearing deposits increased by $611 million, or 34%, since
December 31, 2011, providing further evidence of the success of the Company's
commercial lending initiative. NOW, wealth management, money market and
savings deposits increased $1.4 billion, or 25%, during the same time period.
Total time certificates of deposit at December 31, 2012 increased $98 million,
or 2%, compared to December 31, 2011. Total loans, excluding covered loans and
loans held for sale, were $11.8 billion as of December 31, 2012, an increase
of $1.3 billion, or 12%, over December 31, 2011.

Edward J. Wehmer, President and Chief Executive Officer, commented, "Our
fourth quarter results cap our second consecutive year of record earnings.
Full year 2012 net income of $111.2 million represents an increase of 43% over
2011, which in turn was a 22% increase over 2010. The fourth quarter of 2012
was highlighted by strong loan and deposit growth, continued improvement in
our credit quality measures, earning asset growth offsetting margin
compression, another strong quarter of mortgage banking results, stable
expense metrics and the completion of one non-FDIC assisted bank acquisition."

Mr. Wehmer continued, "Total loans outstanding, excluding covered loans and
loans held for sale, increased $339 million in the fourth quarter compared to
the third quarter. Approximately $118 million of this growth was attributable
to the acquisition of Hyde Park Bank & Trust in early December. Excluding this
acquisition, loan growth for the quarter was especially strong in the
commercial portfolio, increasing $140 million, commercial real-estate,
increasing $58 million, and premium finance receivables - life, increasing $60
million. We experienced most of this loan growth near the end of the current
quarter, as evidenced by average loan balances remaining relatively stable in
the fourth quarter compared to the third quarter. Funding for loan growth
continues to be provided by strong deposit growth. Total deposits increased
$581 million in the fourth quarter, with approximately $244 million
attributable to the acquisition of Hyde Park Bank & Trust."

Mr. Wehmer further commented, "Pre-tax adjusted earnings improved by $3.1
million over the previous quarter despite essentially no change in net
interest income. The increase is primarily attributable to another strong
quarter of mortgage banking revenue partially offset by a $1.6 million
increase in pre-tax adjusted non-interest expense. Our net interest margin
declined by ten basis points while average earning assets increased by $488
million, which combined created the slight increase in net interest income.
The largest contributor to the decline in net interest margin was a larger
portion of our earning assets comprised of liquidity management assets,
causing a six basis point decline in the margin. A portion of this excess
liquidity position will be kept in place through the planned divestiture of
the deposits and banking operations of Second Federal Savings and Loan
Association of Chicago in February 2013."

Commenting on credit quality, Mr. Wehmer noted, "Our ratio of non-performing
loans to total loans, excluding covered loans and loans held for sale, reached
1.00% at the end of the year. This is the lowest reported level since the end
of the third quarter in 2007. During the fourth quarter of 2012, our
commercial premium finance receivable portfolio experienced a temporary
increase in past due balances of approximately $4 million as emergency orders
preventing insurance carriers from canceling policies were issued by states
affected by Superstorm Sandy. We do not expect to incur any material
additional losses as a result of this event and anticipate the higher past due
balances to decline during the first quarter of 2013, with levels of past due
loans in this segment returning to historical levels."

Turning to the future, Mr. Wehmer stated, "We are excited about the addition
of Hyde Park Bank & Trust to the Wintrust family. Strategic acquisitions of
this nature and organic branch growth will continue to be an important piece
of our long-term strategy. We will continue to maintain discipline with
regards to acquisition opportunities, both FDIC-assisted and non-assisted. Our
loan pipeline remains consistently strong, allowing us to leverage our
existing expense infrastructure and expand where it makes the most sense. We
look forward to continuing our earnings growth while growing franchise value
and increasing tangible book value."

The graphs below illustrate the Company's five year Compound Annual Growth
Rate ("CAGR") in total assets, total loans excluding covered loans and loans
held for sale, total deposits and tangible common book value per share
indicating how Wintrust has fared during the credit crisis.

Graphs accompanying this release are available at
http://media.globenewswire.com/cache/11955/file/17631.pdf.

The graphs below depict the Company's five year CAGR in net income and pre-tax
adjusted earnings. See "Supplemental Financial Measures/Ratios" for additional
information on pre-tax adjusted earnings.

Additional graphs accompanying this release are available at
http://media.globenewswire.com/cache/11955/file/17632.pdf.

Wintrust's key operating measures and growth rates for the fourth quarter of
2012, as compared to the sequential and linked quarters are shown in the table
below:

                                                               
                                                     % or^(5)     % or
                                                  basispoint basispoint
                                                     (bp)         (bp)
                                                     change       change
               Three Months Ended                   from         from
               December 31, September   December    3rdQuarter  4thQuarter
                             30,         31,
(Dollars in     2012         2012        2011        2012        2011
thousands)
Net income      $30,089      $32,302     $19,221     (7)%        57%
Net income per
common share –  $0.61        $0.66       $0.41       (8)%        49%
diluted
Pre-tax
adjusted        $72,034      $68,923     $59,362     5%          21%
earnings ^(2)
Net revenue     $197,965     $195,520    $169,559    1%          17%
^(1)
Net interest    $132,776     $132,575    $124,647    —%          7%
income
Net interest    3.40%        3.50%       3.45%       (10) bp     (5) bp
margin ^(2)
Net overhead    1.48%        1.47%       1.83%       1 bp        (35) bp
ratio ^(2) (3)
Net overhead
ratio, based on
pre-tax         1.40%        1.52%       1.62%       (12) bp     (22) bp
adjusted
earnings ^(2)
(3)
Efficiency      66.13%       63.67%      69.99%      246 bp      (386) bp
ratio ^(2) (4)
Efficiency
ratio, based on
pre-tax         62.75%       63.48%      64.76%      (73) bp     (201) bp
adjusted
earnings ^(2)
(4)
Return on       0.69%        0.77%       0.48%       (8) bp      21 bp
average assets
Return on
average common  6.79%        7.57%       4.87%       (78) bp     192 bp
equity
At end of                                                     
period
Total assets    $17,519,613  $17,018,592 $15,893,808 12%         10%
Total loans,
excluding loans
held-for-sale,  $11,828,943  $11,489,900 $10,521,377 12%         12%
excluding
covered loans
Total loans,
including loans
held-for-sale,  $12,241,143  $12,059,885 $10,841,901 6%          13%
excluding
covered loans
Total deposits  $14,428,544  $13,847,965 $12,307,267 17%         17%
Total
shareholders'   $1,804,705   $1,761,300  $1,543,533  10%         17%
equity

(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) The efficiency ratio is calculated by dividing total non-interest expense
by tax-equivalent net revenue (less securities gains or losses).A lower ratio
indicates more efficient revenue generation.
(5) 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 web site at
www.wintrust.com by choosing "Financial Reports" under the "Investor
Relations" heading, and then choosing "Supplemental Financial Information."

Items Impacting Comparative Financial Results: Acquisitions and Capital

Acquisitions - completed in the past twelve months

On December 12, 2012, the Company completed its acquisition of HPK Financial
Corporation ("HPK"). HPK is the parent company of Hyde Park Bank & Trust
Company, an Illinois state bank, ("Hyde Park Bank"), which operated two
banking locations in the Hyde Park neighborhood of Chicago, Illinois. As part
of the transaction, Hyde Park Bank merged into the Company's wholly-owned
subsidiary bank, Beverly Bank & Trust Company, N.A. ("Beverly Bank"), and the
two acquired banking locations are operating as branches of Beverly Bank under
the brand name Hyde Park Bank.HPK had approximately $358 million in assets
and $243 million in deposits as of the acquisition date, prior to purchase
accounting adjustments.The Company recorded goodwill of $14.1 million on the
acquisition.

On September 28, 2012, the Company's wholly-owned subsidiary bank Old Plank
Trail Community Bank, N.A. ("Old Plank Trail Bank"), acquired certain assets
and liabilities and the banking operations of First United Bank of Crete,
Illinois ("First United Bank") in an FDIC-assisted transaction. First United
Bank operated four locations in Illinois; one in Crete, two in Frankfort and
one in Steger, as well as one location in St. John, Indiana which was
subsequently closed.

On July 20, 2012, the Company's wholly-owned subsidiary bank, Hinsdale Bank
and Trust Company ("Hinsdale Bank"), assumed the deposits and banking
operations of Second Federal Savings and Loan Association of Chicago ("Second
Federal") in an FDIC-assisted transaction. Second Federal operated three
locations in Illinois; two in Chicago (Brighton Park and Little Village
neighborhoods) and one in Cicero.The Company has entered into an agreement to
sell the deposits and banking operations of Second Federal.See "Divestiture
of Previous FDIC-Assisted Acquisition" on page 7 for more information.

On June 8, 2012, the Company's wholly-owned subsidiary bank Lake Forest Bank
and Trust Company ("Lake Forest Bank"), completed its acquisition of Macquarie
Premium Funding Inc., the Canadian insurance premium funding business of
Macquarie Group. Through this transaction, Lake Forest Bank acquired
approximately $213 million of gross premium finance receivables
outstanding.The Company recorded goodwill of approximately $22 million on the
acquisition.

On April 13, 2012, the Company's wholly-owned subsidiary bank, Old Plank Trail
Bank, completed its acquisition of a branch of Suburban Bank & Trust Company
("Suburban") located in Orland Park, Illinois. Through this transaction, Old
Plank Trail Bank acquired approximately $52 million of deposits and $3 million
of loans.The Company recorded goodwill of $1.5 million on the branch
acquisition.

On March 30, 2012, the Company's wholly-owned subsidiary bank, The Chicago
Trust Company, N.A. ("CTC"), completed its acquisition of the trust operations
of Suburban. Through this transaction, CTC acquired trust accounts having
assets under administration of approximately $160 million, in addition to land
trust accounts and various other assets.The Company recorded goodwill of $1.8
million on the acquisition.

On February 10, 2012, the Company's wholly-owned subsidiary, Barrington Bank
and Trust Company, N.A. ("Barrington"), acquired certain assets and
liabilities and the banking operations of Charter National Bank and Trust
("Charter National") in an FDIC-assisted transaction. Charter National
operated two locations: one in Hoffman Estates and one in Hanover Park.

Summary of FDIC-assisted transactions in the past twelve months

  *Old Plank Trail Bank assumed approximately $316 million of the outstanding
    deposits and approximately $310 million of assets of First United Bank on
    September 28, 2012, prior to purchase accounting adjustments.A bargain
    purchase gain of $6.7 million was recognized on this transaction.
  *Hinsdale Bank assumed approximately $169 million of the outstanding
    deposits and approximately $10 million of assets of Second Federal on July
    20, 2012, prior to purchase accounting adjustments.A bargain purchase
    gain of $43,000 was recognized on this transaction.
  *Barrington assumed approximately $89 million of the outstanding deposits
    and approximately $94 million of assets of Charter National on February
    10, 2012, prior to purchase accounting adjustments.A bargain purchase
    gain of $785,000 was recognized on this transaction.

Loans comprise the majority of the assets acquired in the FDIC-assisted
transactions and are subject to loss sharing agreements with the FDIC where
the FDIC has agreed to reimburse the Company for 80% of losses incurred on the
purchased loans.Additionally, the loss share agreements with the FDIC require
the Company to reimburse the FDIC in the event that actual losses on covered
assets are lower than the original loss estimates agreed upon with the FDIC
with respect to such assets in the loss share agreements.We refer to the
loans subject to these loss-sharing agreements as "covered loans."We use the
term "covered assets" to refer to the total of covered loans, covered OREO and
certain other covered assets.The agreements with the FDIC require that the
Company follow certain servicing procedures or risk losing FDIC reimbursement
of losses related to covered assets.

Divestiture of Previous FDIC-Assisted Acquisition

On November 28, 2012, the Company announced that Hinsdale Bank had entered
into a definitive agreement to sell the deposits and the current banking
operations of Second Federal, which were acquired in an FDIC-assisted
transaction described above, to Self-Help Federal Credit Union. The Company
expects that this transaction will be completed in February 2013.

Stock Offerings

In March 2012, the Company issued and sold 126,500 shares, or $126,500,000
aggregate liquidation preference, of Non-Cumulative Perpetual Convertible
Preferred Stock, Series C ("Preferred Stock") in an equity offering. 

Capital Ratios

As of December 31, 2012, the Company's estimated capital ratios were 13.0% for
total risk-based capital, 12.0% for tier 1 risk-based capital and 10.1% for
leverage, above the well capitalized guidelines.Additionally, the Company's
tangible common equity ratio was 7.4% at December 31, 2012.Assuming full
conversion of both classes of preferred stock, the tangible common equity
ratio was 8.4% at December 31, 2012.

In June 2012, the U.S. banking regulators released notices of proposed
rulemaking (the "NPRs") that would substantially revise the current risk-based
capital standards to reflect the requirements of the Dodd-Frank Wall Street
Reform and Consumer Protection Act as well as the Basel III international
capital standards.It is generally expected that once the proposed rulemakings
are finalized, U.S. banks will be required to hold higher amounts of capital,
especially common equity, relative to their risk-weighted assets. Under the
current proposal, the calculations of risk-weighted assets would
change.Risk-weighted assets would be calculated using new and expanded
risk-weighting categories, applying a more risk sensitive treatment to certain
"high volatility" commercial real estate loans, residential mortgage loans,
past due and nonaccrual loans and unfunded commitments of less than one
year.In addition, if adopted as proposed, the NPRs would change the capital
requirements by, among other things, establishing a new capital standard
consisting of common tier 1 capital, increasing the minimum capital ratios for
certain existing capital categories and adding a required capital conservation
buffer.Additionally, trust preferred securities are phased out as a component
of Tier 1 Capital as required under the Dodd Frank Act.The Company has
estimated that it would be "well-capitalized" if the fully phased-in capital
requirements as proposed in the NPRs were adopted today.Until the proposals
are finalized and the final implementation dates are determined, however, the
impact of the final rules cannot be fully calculated with a high degree of
certainty.

Financial Performance Overview – Fourth Quarter 2012

For the fourth quarter of 2012, net interest income totaled $132.8 million, an
increase of $0.2 million as compared to the third quarter of 2012 and $8.1
million as compared to the fourth quarter of 2011.The increases in net
interest income on both a sequential and linked quarter basis are the result
of the following:

  *Net interest income increased $0.2 million in the fourth quarter of 2012
    compared to the third quarter of 2012, due to:

    *Average earning assets for the fourth quarter of 2012 increased by $488
      million compared to the third quarter of 2012.This was comprised of
      average loan growth, excluding covered loans, of $79 million, an
      increase of $29 million in the average balance of covered loans and an
      increase of $380 million in the average balance of liquidity management
      and other assets.

    *The growth in average total loans, excluding covered loans, included an
      increase of $84 million in commercial, $75 million in commercial
      real-estate, $22 million in Canada-originated commercial premium finance
      receivables, partially offset by a decrease of $16 million in
      U.S.-originated commercial premium finance receivables and a $86 million
      decrease in mortgage loans held-for-sale.

    *The earning asset growth of $488 million in the fourth quarter of 2012
      did not fully offset a 17 basis point decline in the yield on earning
      assets, creating a decrease in total interest income of $1.6 million in
      the fourth quarter of 2012 compared to the third quarter of 2012.

    *Funding for the average earning asset growth of $488 million was
      provided by an increase in total average interest bearing liabilities of
      $215 million (an increase in interest-bearing deposits of $448 million
      partially offset by a decrease of $233 million of wholesale funding) and
      an increase of $273 million in the average balance of net free funds.

    *A seven basis point decline in the rate paid on total interest-bearing
      liabilities more than offset the increase in average balance, creating a
      $1.8 million reduction in interest expense in the fourth quarter of 2012
      compared to the third quarter of 2012.

    *Combined, the reduction of interest expense by $1.8 million and the
      decrease in interest income of $1.6 million created the $0.2 million
      increase in net interest income in the fourth quarter of 2012 compared
      to the third quarter of 2012.

  *Net interest income increased $8.1 million in the fourth quarter of 2012
    compared to the fourth quarter of 2011, due to:

    *Average earning assets for the fourth quarter of 2012 increased by $1.2
      billion compared to the fourth quarter of 2011.This was comprised of
      average loan growth, excluding covered loans, of $1.3 billion partially
      offset by a decrease of $103 million in the average balance of liquidity
      management assets and a decrease of $26 million in the average balance
      of covered loans.

    *The growth in average total loans, excluding covered loans, included an
      increase of $362 million in commercial loans, $252 million in commercial
      real-estate loans, $292 million in U.S.-originated commercial premium
      finance receivables, $268 million in Canadian-originated commercial
      premium finance receivables, $13 million in life premium finance
      receivables and $185 million in mortgage loans held-for-sale.

    *The average earning asset growth of $1.2 billion in the fourth quarter
      of 2012 compared to the fourth quarter of 2011 did not fully offset a 35
      basis point decline in the yield on earning assets, creating a decrease
      in total interest income of $973,000 in the fourth quarter of 2012.

    *Funding for the average earning asset growth of $1.2 billion was
      provided by an increase in total average interest bearing liabilities of
      $392 million (an increase in interest-bearing deposits of $1.1 billion
      partially offset by a decrease of $754 million of wholesale funding) and
      an increase of $817 million in the average balance of net free funds.

    *A 31 basis point decline in the rate paid on total interest-bearing
      liabilities more than offset the increase in average balance, creating a
      $9.1 million reduction in interest expense in the fourth quarter of 2012
      compared to the fourth quarter of 2011.

    *Combined, the reduction of interest expense by $9.1 million and the
      decrease in interest income of $973,000 created the $8.1 million
      increase in net interest income in the fourth quarter of 2012 compared
      to the fourth quarter of 2011.

The net interest margin for the fourth quarter of 2012 was 3.40% compared to
3.50% in the third quarter of 2012 and 3.45% in the fourth quarter of
2011.The changes in net interest margin on both a sequential and linked
quarter basis are the result of the following:

  *The net interest margin in the fourth quarter of 2012 declined by ten
    basis points when compared to the third quarter of 2012, due to:

    *The yield on total average earning assets declined 17 basis points while
      the rate on total average interest-bearing liabilities decreased seven
      basis points.

    *Liquidity management assets represented a larger portion of earnings
      assets in the fourth quarter of 2012 compared to the third quarter of
      2012 resulting in a six basis point decline in the margin.

    *The contribution from re-pricing retail deposits and maturing wholesale
      funding has diminished when compared to previous quarters.Pressure on
      the net interest margin will be more from the pricing/re-pricing of loan
      volumes as the low rate environment prohibits further declines in
      interest-bearing deposits of the same magnitude.

  *The net interest margin in the fourth quarter of 2012 declined by five
    basis points when compared to the fourth quarter of 2011, due to:

    *The yield on total average earning assets declined 35 basis points while
      the rate on total average interest-bearing liabilities decreased 31
      basis points.

    *The contribution from net free funds declined by one basis point.

    *Combined, this caused the net interest margin to decrease by five basis
      points in the fourth quarter of 2012 when compared to the fourth quarter
      of 2011.

Non-interest income totaled $65.2 million in the fourth quarter of 2012,
increasing $2.2 million compared to the third quarter of 2012 and $20.3
million, or 45%, compared to the fourth quarter of 2011. The increase in
non-interest income in the fourth quarter of 2012 compared to the third
quarter of 2012 is primarily attributable to higher mortgage banking revenues,
higher gains on available-for-sale securities and favorable foreign currency
remeasurements at the Company's Canadian subsidiary, partially offset by a
decrease in bargain purchase gains.The increase in non-interest income in the
fourth quarter of 2012 compared to the fourth quarter of 2011 was primarily
attributable to higher mortgage banking and wealth management revenues and
higher gains on available-for-sale securities. Mortgage banking revenue
increased $3.6 million when compared to the third quarter of 2012 and
increased $16.7 million when compared to the fourth quarter of 2011. The
increase in mortgage banking revenue resulted primarily from an increase in
gains on sales of loans, which was driven by higher origination volumes in the
current quarter due to a favorable mortgage interest rate environment.Loans
originated and sold to the secondary market were $1.2 billion in the fourth
quarter of 2012 compared to $1.1 billion in the third quarter of 2012 and $883
million in the fourth quarter of 2011 (see "Non-Interest Income" section later
in this release for further detail).

Non-interest expense totaled $129.5 million in the fourth quarter of 2012,
increasing $5.0 million compared to the third quarter of 2012 and increasing
$10.8 million, or 9%, compared to the fourth quarter of 2011.The increase in
the current quarter compared to the third quarter of 2012 was primarily
attributable to $2.1 million of fees paid on the termination of longer-term,
higher rate repurchase agreements, a $1.5 million increase in OREO expense
primarily related higher valuation adjustments of properties held in OREO, a
$1.0 million increase in occupancy and equipment expenses, $861,000 increase
in salaries and employee benefits and a $736,000 increase in postage,
partially offset by a $1.5 million reduction in professional fees.

Financial Performance Overview – Full Year 2012

The net interest margin for 2012 was 3.49% compared to 3.42% in 2011.Average
earnings assets for 2012 totaled $15.0 billion, an increase of $1.4 billion
compared to 2011.This average earning asset growth is primarily a result of
the $1.4 billion increase in average loans, excluding covered loans, and
$117.1 million of average covered loan growth from the FDIC-assisted bank
acquisitions partially offset by a $75.6 million decrease in liquidity
management and other earning assets.The majority of the increase in average
loans consisted of increases of $487.4 million in commercial loans, $230.3
million in commercial real estate loans, $223.1 million in U.S.-originated
commercial premium finance receivables, $140.4 million in Canadian-originated
commercial premium finance receivables, $65.3 million in life premium finance
receivables and $239.6 million in mortgage loans held-for-sale, partially
offset by a $61.0 million decrease in home equity loans.The average earning
asset growth of $1.4 billion in 2012 compared to 2011 was primarily funded by
a $1.1 billion increase in the average balances of interest-bearing deposits
and an increase in the average balance of net free funds of $643.6 million,
partially offset by a decrease of $283.7 million of wholesale funding.

Non-interest income totaled $226.1 million in 2012, increasing $36.4 million,
or 19%, compared to 2011.The change is primarily attributable to higher
mortgage banking and wealth management revenues, partially offset by lower
bargain purchase gains recorded in 2012 relating to FDIC-assisted acquisitions
than during the prior year. Mortgage banking revenue increased $53.0 million
when compared to 2011. The increase in 2012 results primarily from an increase
in gains on sales of loans, which in turn was driven by higher origination
volumes due to a favorable mortgage interest rate environment in 2012.Loans
sold to the secondary market were $3.9 billion in 2012 compared to $2.5
billion in 2011.

Non-interest expense totaled $489.0 million in 2012, increasing $68.6 million
compared to 2011. The increase compared to 2011 was primarily attributable to
a $50.8 million increase in salaries and employee benefits.Salaries and
employee benefits expense increased primarily as a result of a $28.5 million
increase in bonus and commissions primarily attributable to the increase in
variable pay based revenue and the Company's long-term incentive program, a
$17.3 million increase in salaries caused by the addition of employees from
the various acquisitions and larger staffing as the Company grows and a $5.0
million increase from employee benefits (primarily health plan and payroll
taxes related).Additionally, the Company had an increase of $8.5 million in
occupancy and equipment expenses, incurred $2.1 million in fees paid for the
termination of longer-term, higher rate repurchase agreements and had a $1.9
million increase in covered asset expenses, partially offset by a $4.2 million
decrease in OREO expenses related to lower valuation adjustments on properties
held in OREO and lower losses realized on the sale of OREO properties and a
$1.6 million reduction in professional fees.

Financial Performance Overview – Credit Quality

The ratio of non-performing assets to total assets decreased in the current
quarter to 1.03% as compared 1.09% at September 30, 2012 and 1.30% at December
31, 2011.Non-performing assets, excluding covered assets, totaled $181.0
million at December 31, 2012, compared to $185.3 million at September 30, 2012
and $206.6 million at December 31, 2011.

Non-performing loans, excluding covered loans, totaled $118.2 million, or
1.00% of total loans, at December 31, 2012, compared to $117.9 million, or
1.03% of total loans, at September 30, 2012 and $120.1 million, or 1.14% of
total loans, at December 31, 2011.OREO, excluding covered OREO, of $62.9
million at December 31, 2012 decreased $4.5 million compared to $67.4 million
at September 30, 2012 and decreased $23.6 million compared to $86.5 million at
December 31, 2011.

The provision for credit losses, excluding the provision for covered loan
losses, totaled $20.7 million for the fourth quarter of 2012 compared to $18.2
million for the third quarter of 2012 and $16.6 million in the fourth quarter
of 2011.Net charge-offs as a percentage of loans, excluding covered loans,
for the fourth quarter of 2012 totaled 83 basis points on an annualized basis
compared to 60 basis points on an annualized basis in the third quarter of
2012 and 93 basis points on an annualized basis in the fourth quarter of
2011.The provision for credit losses, excluding the provision for covered
loan losses, totaled $72.4 million for the full year of 2012 compared to $97.9
in the full year of 2011.Net charge-offs, excluding covered loans, for the
full year of 2012 totaled $74.8 million or 65 basis points compared to $103.3
million or 102 basis points in 2011.

Excluding the allowance for covered loan losses, the allowance for credit
losses at December 31, 2012 totaled $122.0 million, or 1.03% of total loans,
compared to $123.6 million, or 1.17% of total loans at December 31, 2011 and
$124.9 million, or 1.09% of total loans at September 30, 2012.

Financial Performance Overview – 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
                                           December 31,       December 31,
(In thousands, except per share           2012      2011     2012     2011
data)
Net income                                $30,089   $19,221  $111,196 $77,575
Less: Preferred stock dividends and       2,616     1,032    9,093    4,128
discount accretion
Net income applicable to common      (A)   27,473    18,189   102,103  73,447
shares—Basic
Add: Dividends on convertible             2,581     —        8,955    —
preferred stock, if dilutive
Net income applicable to common      (B)   30,054    18,189   111,058  73,447
shares—Diluted
Weighted average common shares       (C)   36,543    35,958   36,365   35,355
outstanding
Effect of dilutive potential common                                
shares:
Common stock equivalents                  7,438     8,480    7,313    8,636
Convertible preferred stock, if           5,020     —        4,356    —
dilutive
Weighted average common shares and
effect of dilutive potential common  (D)   49,001    44,438   48,034   43,991
shares
Net income per common share:                                       
Basic                                (A/C) $0.75     $0.51    $2.81    $2.08
Diluted                              (B/D) $0.61     $0.41    $2.31    $1.67

Potentially dilutive common shares can result from stock options, restricted
stock unit awards, stock warrants, the Company's convertible preferred stock,
tangible equity unit shares 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.

WINTRUST FINANCIAL CORPORATION
Selected Financial Highlights


                     Three months ended December   Years Ended December 31,
                      31,
(Dollars in
thousands, except per 2012           2011           2012          2011
share data)
Selected Financial
Condition Data (at                                             
end of period):
Total assets          $17,519,613    $15,893,808                 
Total loans,
excluding covered     11,828,943     10,521,377                  
loans
Total deposits        14,428,544     12,307,267                  
Junior subordinated   249,493        249,493                     
debentures
Total shareholders'   1,804,705      1,543,533                   
equity
Selected Statements                                            
of Income Data:
Net interest income   $132,776       $124,647       $519,516      $461,377
Net revenue ^(1)      197,965        169,559        745,608       651,075
Pre-tax adjusted      72,034         59,362         273,376       220,778
earnings ^(2)
Net income            30,089         19,221         111,196       77,575
Net income per common $0.75          $0.51          $2.81         $2.08
share – Basic
Net income per common $0.61          $0.41          $2.31         $1.67
share – Diluted
Selected Financial
Ratios and Other                                               
Data:
Performance Ratios:                                            
Net interest margin   3.40%          3.45%          3.49%         3.42%
^(2)
Non-interest income   1.50%          1.11%          1.37%         1.27%
to average assets
Non-interest expense  2.99%          2.94%          2.96%         2.82%
to average assets
Net overhead ratio    1.48%          1.83%          1.59%         1.55%
^(2) ^(3)
Net overhead ratio,
based on pre-tax      1.40%          1.62%          1.49%         1.61%
adjusted earnings
^(2) (3)
Efficiency ratio ^(2) 66.13%         69.99%         65.85%        64.58%
(4)
Efficiency ratio,
based on pre-tax      62.75%         64.76%         62.50%        63.75%
adjusted earnings
^(2) (4)
Return on average     0.69%          0.48%          0.67%         0.52%
assets
Return on average     6.79%          4.87%          6.60%         5.12%
common equity
Average total assets  $17,248,650    $16,014,209    $16,529,617   $14,920,160
Average total         1,786,824      1,531,936      1,696,276     1,484,720
shareholders' equity
Average loans to
average deposits      85.6%          86.6%          87.8%         88.3%
ratio (excluding
covered loans)
Average loans to
average deposits      90.0%          91.9%          92.6%         92.8%
ratio (including
covered loans)
Common Share Data at                                           
end of period:
Market price per      $36.70         $28.05                      
common share
Book value per common $37.78         $34.23                      
share ^(2)
Tangible common book  $29.28         $26.72                      
value per share ^(2)
Common shares         36,861,956     35,978,349                  
outstanding
Other Data at end of                                           
period:^(8)
Leverage Ratio ^(5)   10.1%          9.4%                        
Tier 1 capital to
risk-weighted assets  12.0%          11.8%                       
^(5)
Total capital to
risk-weighted assets  13.0%          13.0%                       
^(5)
Tangible common
equity ratio (TCE)    7.4%           7.5%                        
^(2)(7)
Tangible common
equity ratio,
assuming full         8.4%           7.8%                        
conversion of
preferred stock ^(2)
(7)
Allowance for credit  $121,988       $123,612                    
losses ^(6)
Non-performing loans  $118,083       $120,084                    
Allowance for credit
losses to total loans 1.03%          1.17%                       
^(6)
Non-performing loans  1.00%          1.14%                       
to total loans
Number of:                                                     
Bank subsidiaries     15             15                          
Non-bank subsidiaries 8              7                           
Banking offices       111            99                          
(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) The efficiency ratio is calculated by dividing total non-interest expense
by tax-equivalent net revenue (less securities gains or losses). A lower ratio
indicates more efficient revenue generation.
(5) Capital ratios for current quarter-end are estimated.
(6) 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.
(7) Total shareholders' equity minus preferred stock and total intangible
assets divided by total assets minus total intangible assets.
(8) Asset quality ratios exclude covered loans.

                                                              
WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CONDITION

                                    (Unaudited)   (Unaudited)   
                                    December31,  September30, December 31,
(In thousands)                       2012          2012          2011
Assets                                                         
Cash and due from banks              $284,731    $186,752    $148,012
Federal funds sold and securities    30,297        26,062        21,692
purchased under resale agreements
Interest-bearing deposits with other 1,035,743     934,430       749,287
banks
Available-for-sale securities, at    1,796,076     1,256,768     1,291,797
fair value
Trading account securities           583           635           2,490
Federal Home Loan Bank and Federal   79,564        80,687        100,434
Reserve Bank stock, at cost
Brokerage customer receivables       24,864        30,633        27,925
Mortgage loans held-for-sale, at     385,033       548,300       306,838
fair value
Mortgage loans held-for-sale, at     27,167        21,685        13,686
lower of cost or market
Loans, net of unearned income,       11,828,943    11,489,900    10,521,377
excluding covered loans
Covered loans                        560,087       657,525       651,368
Total loans                          12,389,030    12,147,425    11,172,745
Less: Allowance for loan losses      107,351       112,287       110,381
Less: Allowance for covered loan     13,454        21,926        12,977
losses
Net loans                            12,268,225    12,013,212    11,049,387
Premises and equipment, net          501,205       461,905       431,512
FDIC indemnification asset           208,160       238,305       344,251
Accrued interest receivable and      511,617       557,884       444,912
other assets
Trade date securities receivable     —             307,295       634,047
Goodwill                             345,401       331,634       305,468
Other intangible assets              20,947        22,405        22,070
Total assets                         $17,519,613 $17,018,592 $15,893,808
Liabilities and Shareholders' Equity                           
Deposits:                                                      
Non-interest bearing                 $2,396,264  $2,162,215  $ 1,785,433
Interest bearing                     12,032,280    11,685,750    10,521,834
Total deposits                       14,428,544    13,847,965    12,307,267
Notes payable                        2,093         2,275         52,822
Federal Home Loan Bank advances      414,122       414,211       474,481
Other borrowings                     274,411       377,229       443,753
Secured borrowings - owed to         —             —             600,000
securitization investors
Subordinated notes                   15,000        15,000        35,000
Junior subordinated debentures       249,493       249,493       249,493
Trade date securities payable        —             412           47
Accrued interest payable and other   331,245       350,707       187,412
liabilities
Total liabilities                    15,714,908    15,257,292    14,350,275
Shareholders' Equity:                                          
Preferred stock                      176,406       176,371       49,768
Common stock                         37,108        36,647        35,982
Surplus                              1,036,295     1,018,417     1,001,316
Treasury stock                       (7,838)       (7,490)       (112)
Retained earnings                    555,023       527,550       459,457
Accumulated other comprehensive      7,711         9,805         (2,878)
income (loss)
Total shareholders' equity           1,804,705     1,761,300     1,543,533
Total liabilities and shareholders'  $17,519,613 $17,018,592 $15,893,808
equity

                                                               
WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED, except for the year ended
December 31, 2011)

                         Three Months Ended December Years Ended December 31,
                          31,
(In thousands, except per 2012          2011          2012         2011
share data)
Interest income                                                 
Interest and fees on      $146,946    $143,514    $583,872   $552,938
loans
Interest bearing deposits 739          696          1,552       3,419
with banks
Federal funds sold and
securities purchased      13           33           38          116
under resale agreements
Securities                8,086        12,574       38,134      46,219
Trading account           6            6            28          44
securities
Federal Home Loan Bank
and Federal Reserve Bank  656          591          2,550       2,297
stock
Brokerage customer        197          203          847         760
receivables
Total interest income     156,643      157,617      627,021     605,793
Interest expense                                                
Interest on deposits      16,208       19,685       68,305      87,938
Interest on Federal Home  2,835        4,186        12,103      16,320
Loan Bank advances
Interest on notes payable 1,566        2,804        8,966       11,023
and other borrowings
Interest on secured
borrowings—owed to        —            3,076        5,087       12,113
securitization investors
Interest on subordinated  66           176          428         750
notes
Interest on junior        3,192        3,043        12,616      16,272
subordinated debentures
Total interest expense    23,867       32,970       107,505     144,416
Net interest income       132,776      124,647      519,516     461,377
Provision for credit      19,546       18,817       76,436      102,638
losses
Net interest income after
provision for credit      113,230      105,830      443,080     358,739
losses
Non-interest income                                             
Wealth management         13,634       11,686       52,680      44,517
Mortgage banking          34,702       18,025       109,970     56,942
Service charges on        4,534        3,973        16,971      14,963
deposit accounts
Gains on
available-for-sale        2,561        309          4,895       1,792
securities, net
Gain on bargain           85           —            7,503       37,974
purchases, net
Trading (losses) gains,   (120)        216          (1,900)     337
net
Other                     9,793        10,703       35,973      33,173
Total non-interest income 65,189       44,912       226,092     189,698
Non-interest expense                                            
Salaries and employee     76,140       66,744       288,589     237,785
benefits
Equipment                 6,468        5,093        23,222      18,267
Occupancy, net            8,480        7,975        32,294      28,764
Data processing           4,178        4,062        15,739      14,568
Advertising and marketing 2,725        3,207        9,438       8,380
Professional fees         3,158        3,710        15,262      16,874
Amortization of other     1,108        1,062        4,324       3,425
intangible assets
FDIC insurance            3,039        3,244        13,422      14,143
OREO expenses, net        5,269        8,821        22,103      26,340
Other                     18,983       14,850       64,647      51,858
Total non-interest        129,548      118,768      489,040     420,404
expense
Income before taxes       48,871       31,974       180,132     128,033
Income tax expense        18,782       12,753       68,936      50,458
Net income                $30,089     $19,221     $111,196   $77,575
Preferred stock dividends $2,616      $1,032      $9,093     $4,128
and discount accretion
Net income applicable to  $27,473     $18,189     $102,103   $73,447
common shares
Net income per common     $0.75       $0.51       $2.81      $2.08
share—Basic
Net income per common     $0.61       $0.41       $2.31      $1.67
share—Diluted
Cash dividends declared   $—          $—          $0.18      $0.18
per common share
Weighted average common   36,543       35,958       36,365      35,355
shares outstanding
Dilutive potential common 12,458       8,480        11,669      8,636
shares
Average common shares and 49,001       44,438       48,034      43,991
dilutive common shares

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), net interest margin (including its
individual components), the efficiency ratio, tangible common equity ratio,
tangible common book value per share and pre-tax adjusted earnings. Management
believes that these measures and ratios provide users of the Company's
financial information a more meaningful view of the performance of the
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. Pre-tax adjusted earnings is a
significant metric in assessing the Company's operating performance. Pre-tax
adjusted earnings is calculated by adjusting income before taxes to exclude
the provision for credit losses and certain significant items.

The net overhead ratio and the efficiency ratio are primarily reviewed by the
Company based on pre-tax adjusted earnings. The Company believes that these
measures provide a more meaningful view of the Company's operating efficiency
and expense management. The net overhead ratio, based on pre-tax adjusted
earnings, is calculated by netting total adjusted non-interest expense and
total adjusted non-interest income, annualizing this amount, and dividing it
by total average assets. Adjusted non-interest expense is calculated by
subtracting OREO expenses, covered loan collection expense, defeasance cost,
seasonal payroll tax fluctuation and fees to terminate repurchase agreements.
Adjusted non-interest income is calculated by adding back the recourse
obligation on loans previously sold and subtracting gains or adding back
losses on foreign currency remeasurement, investment partnerships, bargain
purchase, trading and available-for-sale securities activity.

The efficiency ratio, based on pre-tax adjusted earnings, is calculated by
dividing adjusted non-interest expense by adjusted taxable-equivalent net
revenue. Adjusted taxable-equivalent net revenue is comprised of fully taxable
equivalent net interest income and adjusted non-interest income.

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 5 quarters:

                                                                                       
                                                                        
                  Three Months Ended                                                    Years Ended
                  December 31,  September 30, June          March         December 31,  December 31,
                                               30,           31,
(Dollars and
shares in          2012          2012          2012          2012          2011          2012       2011
thousands)
Calculation of Net
Interest Margin                                                                               
and Efficiency
Ratio
(A) Interest       $156,643    $158,201    $155,691    $156,486    $157,617    $627,021 $605,793
Income (GAAP)
Taxable-equivalent                                                                            
adjustment:
—Loans             159          148          135          134          132          576       458
—Liquidity         349          352          333          329          320          1,363     1,224
management assets
—Other earning     1            1            3            3            2            8         12
assets
Interest           $157,152    $158,702    $156,162    $156,952    $158,071    $628,968 $607,487
Income—FTE
(B) Interest       23,867       25,626       27,421       30,591       32,970       107,505   144,416
Expense (GAAP)
Net interest       $133,285     $133,076     $128,741     $126,361     $125,101     $521,463  $463,071
income—FTE
(C) Net Interest
Income (GAAP) (A   $132,776    $132,575    $128,270    $125,895    $124,647    $519,516 $461,377
minus B)
(D) Net interest   3.39 %        3.49 %        3.49 %        3.54 %        3.44 %        3.47 %     3.41 %
margin (GAAP)
Net interest       3.40 %        3.50 %        3.51 %        3.55 %        3.45 %        3.49 %     3.42 %
margin—FTE
(E) Efficiency     66.30 %       63.83 %       65.80 %       68.42 %       70.17 %       66.02 %    64.75 %
ratio (GAAP)
Efficiency         66.13 %       63.67 %       65.63 %       68.24 %       69.99 %       65.85 %    64.58 %
ratio—FTE
Efficiency
ratio—Based on     62.75 %       63.48 %       61.38 %       62.31 %       64.76 %       62.50 %    63.75 %
pre-tax adjusted
earnings
(F) Net Overhead   1.48 %        1.47 %        1.63 %        1.80 %        1.83 %        1.59 %     1.55 %
ratio (GAAP)
Net Overhead
ratio—Based on     1.40 %        1.52 %        1.46 %        1.58 %        1.62 %        1.49 %     1.61 %
pre-tax adjusted
earnings
Calculation of
Tangible Common                                                                               
Equity ratio (at
period end)
Total
shareholders'      $1,804,705  $1,761,300  $1,722,074  $1,687,921  $1,543,533            
equity
(G) Less:          (176,406)    (176,371)    (176,337)    (176,302)    (49,768)               
Preferred stock
Less: Intangible   (366,348)    (354,039)    (352,109)    (329,396)    (327,538)              
assets
(H) Total tangible
common             $1,261,951  $1,230,890  $1,193,628  $1,182,223  $1,166,227            
shareholders'
equity
Total assets       $17,519,613 $17,018,592 $16,576,282 $16,172,018 $15,893,808           
Less: Intangible   (366,348)    (354,039)    (352,109)    (329,396)    (327,538)              
assets
(I) Total tangible $17,153,265 $16,664,553 $16,224,173 $15,842,622 $15,566,270           
assets
Tangible common    7.4 %         7.4 %         7.4 %         7.5 %         7.5 %                   
equity ratio (H/I)
Tangible common
equity ratio,
assuming full      8.4 %         8.4 %         8.4 %         8.6 %         7.8 %                   
conversion of
preferred stock
((H-G)/I)
Calculation of
Pre-Tax Adjusted                                                                              
Earnings
Income before      $48,871     $52,173     $41,329     $37,759     $31,974     $180,132 $128,033
taxes
Add: Provision for 19,546       18,799       20,691       17,400       18,817       76,436    102,638
credit losses
Add: OREO          5,269        3,808        5,848        7,178        8,821        22,103    26,340
expenses, net
Add: Recourse
obligation on      —            —            (36)         36           986          —         439
loans previously
sold
Add: Covered loan  836          1,201        1,323        1,399        944          4,759     2,831
collection expense
Add: Defeasance    —            —            148          848          —            996       —
cost
Add: Seasonal
payroll tax        (873)        (1,121)      (271)        2,265        (932)        —         —
fluctuation
Add: (Gain)loss
on foreign         (826)        825          —            —            —            (1)       —
currency
remeasurement
Add: Fees for
Termination of     2,110        —            —            —            —            2,110     —
Repurchase
Agreements
Less: (Gain) loss
from investment    (373)        (718)        (65)         (1,395)      (723)        (2,551)   600
partnerships
Less: Gain on
bargain purchases, (85)         (6,633)      55           (840)        —            (7,503)   (37,974)
net
Less: Trading
losses (gains),    120          998          928          (146)        (216)        1,900     (337)
net
Less: Gains on
available-for-sale (2,561)      (409)        (1,109)      (816)        (309)        (4,895)   (1,792)
securities, net
Pre-tax adjusted   $72,034     $68,923     $68,841     $63,688     $59,362     $273,486 $220,778
earnings
Calculation of
book value per                                                                                
share
Total
shareholders'      $1,804,705  $1,761,300  $1,722,074  $1,687,921  $1,543,533            
equity
Less: Preferred    (176,406)    (176,371)    (176,337)    (176,302)    (49,768)               
stock
(J) Total common   $1,628,299  $1,584,929  $1,545,737  $1,511,619  $1,493,765            
equity
Actual common      36,862       36,411       36,341       36,289       35,978                 
shares outstanding
Add: TEU           6,241        6,133        6,760        6,593        7,666                  
conversion shares
(K) Common shares
used for book      43,103       42,544       43,101       42,882       43,644                 
value calculation
Book value per     $37.78      $37.25      $35.86      $35.25      $34.23                
share (J/K)
Tangible common
book value per     $29.28      $28.93      $27.69      $27.57      $26.72                
share (H/K)
                                                                                             

LOANS

Loan Portfolio Mix and Growth Rates

                                                       % Growth
                                    September              From ^(1)  From
(Dollars in          December 31,   30,       December 31, September  December
thousands)           2012           2012      2011         30,        31,
                                                           2012       2011
Balance:                                                          
Commercial           $2,914,798   $2,771,053  $2,498,313   21%           17%
Commercial           3,864,118    3,699,712   3,514,261    18            10
real-estate
Home equity          788,474      807,592     862,345      (9)           (9)
Residential          367,213      376,678     350,289      (10)          5
real-estate
Premium finance
receivables -        1,987,856    1,982,945   1,412,454    1             41
commercial
Premium finance
receivables - life   1,725,166    1,665,620   1,695,225    14            2
insurance
Indirect consumer    77,333       77,378      64,545       —             20
^(2)
Consumer and other   103,985      108,922     123,945      (18)          (16)
Total loans, net of
unearned             $11,828,943  $11,489,900 $10,521,377  12%           12%
income,excluding
covered loans
Covered loans        560,087      657,525     651,368      (59)          (14)
Total loans, net of  $12,389,030  $12,147,425 $11,172,745  8%            11%
unearned income
Mix:                                                                 
Commercial           24%          23%         22%                       
Commercial           31           30          31                        
real-estate
Home equity          6            7           8                         
Residential          3            3           3                         
real-estate
Premium finance
receivables -        16           16          13                        
commercial
Premium finance
receivables - life   14           14          15                        
insurance
Indirect consumer    1            1           1                         
^(2)
Consumer and other   1            1           1                         
Total loans, net of
unearned             96%          95%         94%                       
income,excluding
covered loans
Covered loans        4            5           6                         
Total loans, net of  100%         100%        100%                      
unearned income

(1)Annualized
(2)Includes autos, boats, snowmobiles and other indirect consumer loans.


                                                            
                                                            
As of December 31,                                           
2012
                                  % of              >90Days Allowance
                                                       Past Due  For Loan
                                  Total             and Still Losses
(Dollars in thousands) Balance      Balance Nonaccrual Accruing  Allocation
Commercial:                                                  
Commercial and         $1,628,203 24.0 %  $19,409  $—      $17,040
industrial
Franchise              196,395     2.9     1,792     —        2,880
Mortgage warehouse     215,076     3.2     —         —        2,134
lines of credit
Community
Advantage—homeowner    81,496      1.2     —         —        204
associations
Aircraft               17,364      0.3     —         —        44
Asset-based lending    572,438     8.4     536       —        5,066
Municipal              91,824      1.4     —         —        1,041
Leases                 90,443      1.3     —         —        248
Other                  16,549      0.2     —         —        137
Purchased non-covered  5,010       0.1     —         496      —
commercial loans ^(1)
Total commercial       $2,914,798 43.0 %  $21,737  $496    $28,794
Commercial                                                   
Real-Estate:
Residential            $40,401    0.6 %   $3,110   $—      $1,301
construction
Commercial             170,955     2.5     2,159     —        3,194
construction
Land                   134,197     2.0     11,299    —        4,829
Office                 569,711     8.4     4,196     —        5,446
Industrial             577,937     8.5     2,089     —        5,516
Retail                 568,896     8.4     7,792     —        5,292
Multi-family           396,691     5.9     2,586     —        10,644
Mixed use and other    1,349,254   19.9    16,742    —        15,913
Purchased non-covered
commercial real-estate 56,076      0.8     —         749      —
^(1)
Total commercial       $3,864,118 57.0 %  $49,973  $749    $52,135
real-estate
Total commercial and   $6,778,916 100.0 % $71,710  $1,245  $80,929
commercial real-estate
                                                            
Commercial
real-estate—collateral                                       
location by state:
Illinois               $3,094,376 80.1 %                     
Wisconsin              321,070     8.3                        
Total primary markets  $3,415,446 88.4 %                     
Florida                70,316      1.8                        
Arizona                38,262      1.0                        
Indiana                49,675      1.3                        
Other (no individual
state greater than     290,419     7.5                        
0.5%)
Total                  $3,864,118 100.0 %                    
                                                                             
(1)Purchased 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
                                                           From ^ (1) From
(Dollars in     December 31,  September 30,  December 31,  September  December
thousands)      2012          2012           2011          30,        31,
                                                           2012       2011
Balance:                                                          
Non-interest    $2,396,264  $2,162,215   $1,785,433  43 %       34 %
bearing
NOW             2,022,957    1,841,743     1,698,778    39        19
Wealth
management      991,902      979,306       788,311      5         26
deposits ^ (2)
Money market    2,761,498    2,596,702     2,263,253    25        22
Savings         1,275,012    1,156,466     888,592      41        43
Time
certificates of 4,980,911    5,111,533     4,882,900    (10)      2
deposit
Total deposits  $14,428,544 $13,847,965  $12,307,267 17 %       17 %
Mix:                                                              
Non-interest    17 %          16 %           15 %                    
bearing
NOW             14            13             14                      
Wealth
management      7             7              6                       
deposits ^(2)
Money market    19            19             18                      
Savings         9             8              7                       
Time
certificates of 34            37             40                      
deposit
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 Chicago Trust Company and brokerage customers from
unaffiliated companies which have been placed into deposit accounts of the
Banks.

                                                                                                
                                                                                                
Time Certificates                                                                                
of Deposit
Maturity/Re-pricing                                                                              
Analysis
As of December 31,                                                                               
2012
                                                                                                
                    CDARs &                                                                           Weighted-Average
(Dollars in         Brokered        MaxSafe         VariableRate   Other Fixed       Total Time      Rate of Maturing
thousands)          Certificates    Certificates    Certificates    RateCertificates Certificatesof Time
                    ofDeposit^(1) ofDeposit^(1) ofDeposit^(2) ofDeposit^(1)   Deposit         Certificates
                                                                                                      of Deposit ^(3)
1-3 months          $120,508      $55,738       $159,590      $690,665        $1,026,501    0.71 %
4-6 months          145,665        47,960         —              788,347          981,972        0.68 %
7-9 months          124,002        37,779         —              608,649          770,430        0.86 %
10-12 months        4,590          43,088         —              492,607          540,285        0.77 %
13-18 months        40,000         31,958         —              380,288          452,246        1.03 %
19-24 months        18,367         13,548         —              271,035          302,950        1.10 %
24+ months          95,574         51,494         —              759,459          906,527        1.71 %
Total               $548,706      $281,565      $159,590      $3,991,050      $4,980,911    0.97 %

(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 2012 compared to the fourth
quarter of 2011 (linked quarters):

                                                                      
                  Three months ended December 31, Three months ended December 31,
                   2012                            2011
(Dollars in        Average       Interest   Rate   Average       Interest   Rate
thousands)
Liquidity
management assets  $2,949,034  $9,844   1.33%  $3,051,850  $14,215  1.85%
^(1)(2) (7)
Other earning
assets ^(2)(3)    27,482       203       2.95 28,828       210       2.90
(7)
Loans, net of
unearned income    12,001,433   134,347   4.45 10,662,516   128,518   4.78
^(2)(4) (7)
Covered loans      626,449      12,758    8.10 652,157      15,128    9.20
Total earning      $15,604,398 $157,152 4.01%  $14,395,351 $158,071 4.36%
assets ^(7)
Allowance for loan
and covered loan   (135,156)                    (137,423)              
losses
Cash and due from  206,914                      130,437                
banks
Other assets       1,572,494                    1,625,844              
Total assets       $17,248,650                 $16,014,209           
                                                                      
Interest-bearing   $11,709,058 $16,209  0.55%  $10,563,090 $19,685  0.74%
deposits
Federal Home Loan  414,289      2,835     2.72 474,549      4,186     3.50
Bank advances
Notes payable and  397,807      1,565     1.57 468,139      2,804     2.38
other borrowings
Secured
borrowings—owed to —            —         —     600,000      3,076     2.03
securitization
investors
Subordinated notes 15,000       66        1.72 38,370       176       1.79
Junior             249,493      3,192     5.01 249,493      3,043     4.77
subordinated notes
Total
interest-bearing   $12,785,647 $23,867  0.74%  $12,393,641 $32,970  1.05%
liabilities
Non-interest       2,314,935                    1,755,446              
bearing deposits
Other liabilities  361,244                      333,186                
Equity             1,786,824                    1,531,936              
Total liabilities
and shareholders'  $17,248,650                 $16,014,209           
equity
Interest rate                             3.27%                         3.31%
spread ^(5) (7)
Net free
funds/contribution $2,818,751            0.13%  $2,001,710            0.14%
^(6)
Net interest
income/Net                      $133,285 3.40%               $125,101 3.45%
interest margin
^(7)

(1) Liquidity management assets include available-for-sale 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 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, 2012
and 2011 were $509,000 and $454,000, 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.

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 2012 compared to the third
quarter of 2012 (sequential quarters):

                  Three months ended December 31, Three months ended September
                   2012                            30, 2012
(Dollars in        Average       Interest   Rate   Average       Interest   Rate
thousands)
Liquidity
management assets  $2,949,034  $9,844   1.33%  $2,565,151  $9,061   1.41%
^(1)(2) (7)
Other earning
assets ^(2)(3)    27,482       203       2.95 31,142       222       2.83
(7)
Loans, net of
unearned income    12,001,433   134,347   4.45 11,922,450   137,022   4.57
^(2)(4) (7)
Covered loans      626,449      12,758    8.10 597,518      12,397    8.25
Total earning      $15,604,398 $157,152 4.01%  $15,116,261 $158,702 4.18%
assets ^(7)
Allowance for loan
and covered loan   (135,156)                    (138,740)              
losses
Cash and due from  206,914                      185,435                
banks
Other assets       1,572,494                    1,542,473              
Total assets       $17,248,650                 $16,705,429           
                                                                      
Interest-bearing   $11,709,058 $16,209  0.55%  $11,261,184 $16,794  0.59%
deposits
Federal Home Loan  414,289      2,835     2.72 441,445      2,817     2.54
Bank advances
Notes payable and  397,807      1,565     1.57 426,675      2,024     1.89
other borrowings
Secured
borrowings—owed to —            —         —     176,904      795       1.79
securitization
investors
Subordinated notes 15,000       66        1.72 15,000       67        1.75
Junior             249,493      3,192     5.01 249,493      3,129     4.91
subordinated notes
Total
interest-bearing   $12,785,647 $23,867  0.74%  $12,570,701 $25,626  0.81%
liabilities
Non-interest       2,314,935                    2,092,028              
bearing deposits
Other liabilities  361,244                      305,960                
Equity             1,786,824                    1,736,740              
Total liabilities
and shareholders'  $17,248,650                 $16,705,429           
equity
Interest rate                             3.27%                         3.37%
spread ^(5) (7)
Net free
funds/contribution $2,818,751            0.13%  $2,545,560            0.13%
^(6)
Net interest
income/Net                      $133,285 3.40%               $133,076 3.50%
interest margin
^(7)

(1) Liquidity management assets include available-for-sale 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 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, 2012
was $509,000 and for the three months ended September30, 2012 was $501,000.
(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.

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 twelve months ended December 31, 2012 compared
to the twelve months ended December31, 2011:

                  Year Ended December 31, 2012    Year Ended December 31, 2011
(Dollars in        Average       Interest   Rate   Average       Interest   Rate
thousands)
Liquidity
management assets  $2,763,154  $43,638  1.58%  $2,840,157  $53,275  1.88%
^(1)(2) (7)
Other earning
assets ^(2)(3)    29,967       882       2.94 28,570       816       2.86
(7)
Loans, net of
unearned income    11,520,499   530,446   4.60 10,145,462   509,870   5.03
^(2)(4) (7)
Covered loans      637,607      54,002    8.47 520,550      43,526    8.36
Total earning      $14,951,227 $628,968 4.21%  $13,534,739 $607,487 4.49%
assets ^(7)
Allowance for loan
and covered loan   (134,946)                    (127,660)              
losses
Cash and due from  172,215                      138,795                
banks
Other assets       1,541,121                    1,374,286              
Total assets       $16,529,617                 $14,920,160           
Interest-bearing   $11,069,056 $68,305  0.62%  $10,012,522 $87,938  0.88%
deposits
Federal Home Loan  459,972      12,104    2.63 449,874      16,320    3.63
Bank advances
Notes payable and  437,970      8,965     2.05 384,256      11,023    2.87
other borrowings
Secured
borrowings—owed to 273,753      5,087     1.86 600,000      12,113    2.02
securitization
investors
Subordinated notes 22,158       428       1.90 43,411       750       1.70
Junior             249,493      12,616    4.97 249,493      16,272    6.43
subordinated notes
Total
interest-bearing   $12,512,402 $107,505 0.86%  $11,739,556 $144,416 1.23%
liabilities
Non-interest       2,059,160                    1,481,594              
bearing deposits
Other liabilities  261,779                      214,290                
Equity             1,696,276                    1,484,720              
Total liabilities
and shareholders'  $16,529,617                 $14,920,160           
equity
Interest rate                             3.35%                         3.26%
spread ^(5) (7)
Net free
funds/contribution $2,438,825            0.14%  $1,795,183            0.16%
^(6)
Net interest
income/Net                      $521,463 3.49%               $463,071 3.42%
interest margin
^(7)

(1) Liquidity management assets include available-for-sale 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 securities
reflects a tax-equivalent adjustment based on a marginal federal corporate tax
rate of 35%. The total adjustments for both of the twelve months ended December
31, 2012 and 2011 were $1.9 million and $1.7 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
netinterest 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.

NON-INTEREST INCOME

For the fourth quarter of 2012, non-interest income totaled $65.2 million, an
increase of $20.3 million, or 45%, compared to the fourth quarter of 2011.The
increase was primarily attributable to higher mortgage banking and wealth
management revenues, higher gains on available-for-sale securities and
favorable foreign currency remeasurements at the Company's Canadian
subsidiary, partially offset by a decrease in fees from covered call
options.For the full year, non-interest income for 2012 totaled $226.1
million and increased $36.4 million, or 19%, compared to 2011.

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

                             Three months ended December 31, $         %
(Dollars in thousands)        2012            2011            Change    Change
Brokerage                     $6,404        $5,960        $444    7
Trust and asset management    7,230          5,726          1,504    26
Total wealth management       13,634         11,686         1,948    17
Mortgage banking              34,702         18,025         16,677   93
Service charges on deposit    4,534          3,973          561      14
accounts
Gains on available-for-sale   2,561          309            2,252    NM
securities, net
Gain on bargain purchases,    85             —              85       NM
net
Trading (losses) gains,net   (120)          216            (336)    NM
Other:                                                               
Fees from covered call        2,156          5,377          (3,221)  (60)
options
Interest rate swap fees       2,178          1,587          591      37
Bank Owned Life Insurance     686            681            5        1
Administrative services       867            789            78       10
Miscellaneous                 3,906          2,269          1,637    72
Total Other                   9,793          10,703         (910)    (9)
Total Non-Interest Income     $65,189       $44,912       $20,277 45
NM - Not Meaningful                                                 
                                                                    
                             Years Ended December 31,        $         %
(Dollars in thousands)        2012            2011            Change    Change
Brokerage                     $25,477       $24,601       $876    4
Trust and asset management    27,203         19,916         7,287    37
Total wealth management       52,680         44,517         8,163    18
Mortgage banking              109,970        56,942         53,028   93
Service charges on deposit    16,971         14,963         2,008    13
accounts
Gains on available-for-sale   4,895          1,792          3,103    173
securities, net
Gain on bargain purchases,    7,503          37,974         (30,471) (80)
net
Trading (losses) gains, net   (1,900)        337            (2,237)  NM
Other:                                                               
Fees from covered call        10,476         13,570         (3,094)  (23)
options
Interest rate swap fees       9,381          6,770          2,611    39
Bank Owned Life Insurance     2,920          2,569          351      14
Administrative services       3,281          3,071          210      7
Miscellaneous                 9,915          7,193          2,722    38
Total Other                   35,973         33,173         2,800    8
Total Non-Interest Income     $226,092      $189,698      $36,394 19
NM - Not Meaningful                                                  

The significant changes in non-interest income for the quarter ended December
31, 2012 compared to the quarter ended December 31, 2011 are discussed below.

Wealth management revenue totaled $13.6 million in the fourth quarter of 2012
and $11.7million in the fourth quarter of 2011, an increase of 17%.The
increase is mostly attributable to additional revenues resulting from the
acquisition of a community bank trust operation on March 30, 2012 as well as
continued growth within the existing business.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, money managed
fees and insurance product commissions at Wayne Hummer Investments.

For the quarter ended December 31, 2012, mortgage banking revenue totaled
$34.7 million, an increase of $16.7 million when compared to the fourth
quarter of 2011.The increase in mortgage banking revenue in the fourth
quarter of 2012 as compared to the fourth quarter of 2011 resulted primarily
from an increase in gain on sales of loans, which were driven by higher
origination volumes due to a favorable mortgage interest rate environment in
2012 and better pricing in the current quarter.Mortgage banking revenue
includes revenue from activities related to originating, selling and servicing
residential real estate loans for the secondary market.

A summary of mortgage banking components is shown below:

Mortgage banking revenue
                                                             
              Three Months Ended                    Years Ended
              December 31, September 30, December   December 31, December 31,
                                          31,
(Dollars in    2012        2012          2011      2012         2011
thousands)
Mortgage loans
originated and $1,178,010 $1,119,762  $883,017 $3,866,012 $2,545,385
sold
Mortgage loans
serviced for   $1,005,372  $997,235     $958,749              
others
Fair value of
mortgage       $6,750      $6,276       $6,700                
servicing
rights (MSRs)
MSRs as a
percentage of  0.67%        0.63%         0.70%                  
loans serviced

The Company recognized $2.6 million of net gains on available-for-sale
securities in the fourth quarter of 2012 compared to net gains of $309,000 in
the fourth quarter of 2011. The increase in net gains resulted from
Management's decision to sell certain securities in conjunction with the
termination of longer-term, higher rate repurchase agreements in the fourth
quarter of 2012.See the "Non-Interest Expense" section of this release for
more information on the termination of the repurchase agreements.

Other non-interest income for the fourth quarter of 2012 totaled $9.8 million,
a decrease of $910,000 compared to the fourth quarter of 2011.Fees from
certain covered call option transactions decreased by $3.2 million in the
fourth quarter of 2012 as compared to the same period in the prior
year.Historically, compression in the net interest margin was effectively
offset by the Company's covered call strategy.An illustration of the past
effectiveness of this strategy is shown in the Supplemental Financial
Information section (see page titled "Net Interest Margin (Including Call
Option Income)").Interest rate swap fee revenue totaled $2.2 million for the
fourth quarter of 2012 an increase of $591,000 over the $1.6 million recorded
in the fourth quarter of 2011.Miscellaneous income increased in the fourth
quarter of 2012 compared to the prior year quarter as a result of an $826,000
foreign currency remeasurement gain recorded at the Company's Canadian
subsidiary and a $310,000 gain recognized on the non-exercise of a value
appreciation instrument ("VAI") issued to the FDIC as part of the
FDIC-assisted acquisition of First United Bank.

NON-INTEREST EXPENSE

Non-interest expense for the fourth quarter of 2012 totaled $129.5 million and
increased approximately $10.8 million, or 9%, compared to the fourth quarter
of 2011.On a full year basis, non-interest expense for 2012 totaled $489.0
million and increased $68.6 million, or 16%, compared to 2011.

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

                             Three months ended December 31, $         %
(Dollars in thousands)        2012            2011            Change    Change
Salaries and employee                                                
benefits:
Salaries                      $40,457       $36,676       $3,781  10
Commissions and bonus         23,968         19,263         4,705    24
Benefits                      11,715         10,805         910      8
Total salaries and employee   76,140         66,744         9,396    14
benefits
Equipment                     6,468          5,093          1,375    27
Occupancy, net                8,480          7,975          505      6
Data processing               4,178          4,062          116      3
Advertising and marketing     2,725          3,207          (482)    (15)
Professional fees             3,158          3,710          (552)    (15)
Amortization of other         1,108          1,062          46       4
intangible assets
FDIC insurance                3,039          3,244          (205)    (6)
OREO expenses, net            5,269          8,821          (3,552)  (40)
Other:                                                               
Commissions—3rd party brokers 944            872            72       8
Postage                       1,856          1,322          534      40
Stationery and supplies       1,095          1,186          (91)     (8)
Miscellaneous                 15,088         11,470         3,618    32
Total other                   18,983         14,850         4,133    28
Total Non-Interest Expense    $129,548      $118,768      $10,780 9
                                                                    
                             Years Ended December 31,        $         %
(Dollars in thousands)        2012            2011            Change    Change
Salaries and employee                                                
benefits:
Salaries                      $155,800      $138,452      $17,348 13
Commissions and bonus         84,199         55,721         28,478   51
Benefits                      48,590         43,612         4,978    11
Total salaries and employee   288,589        237,785        50,804   21
benefits
Equipment                     23,222         18,267         4,955    27
Occupancy, net                32,294         28,764         3,530    12
Data processing               15,739         14,568         1,171    8
Advertising and marketing     9,438          8,380          1,058    13
Professional fees             15,262         16,874         (1,612)  (10)
Amortization of other         4,324          3,425          899      26
intangible assets
FDIC insurance                13,422         14,143         (721)    (5)
OREO expenses, net            22,103         26,340         (4,237)  (16)
Other:                                                               
Commissions—3rd party brokers 4,140          3,829          311      8
Postage                       5,729          4,672          1,057    23
Stationery and supplies       4,003          3,818          185      5
Miscellaneous                 50,775         39,539         11,236   28
Total other                   64,647         51,858         12,789   25
Total Non-Interest Expense    $489,040      $420,404      $68,636 16

The significant changes in non-interest expense for the quarter ended December
31, 2012 compared to the quarter ended December 31, 2011 are discussed below.

Salaries and employee benefits expense increased $9.4 million, or 14%, in the
fourth quarter of 2012 compared to the fourth quarter of 2011 primarily as a
result of a $3.8 million increase in salaries caused by the addition of
employees from the various acquisitions and larger staffing as the Company
grows, a $4.7 million increase in bonus and commissions primarily attributable
to the increase in variable pay based revenue and the Company's long-term
incentive program and a $910,000 increase from employee benefits (primarily
health plan and payroll taxes related).

Equipment expense totaled $6.5 million for the fourth quarter of 2012, an
increase of $1.4 million compared to the fourth quarter of2011.The increase
is primarily the result of additional equipment depreciation as well as
maintenance and repair costs associated with the increasing number of
facilities due to acquisition activity.Equipment expense includes
depreciation on equipment, maintenance and repairs, equipment rental and
software license fees.

Occupancy expense for the fourth quarter of 2012 was $8.5 million, an increase
of $505,000, or 6%, compared to the same period in 2011.The increase is
primarily the result of depreciation and property taxes on owned
locations.Occupancy expense includes depreciation on premises, real estate
taxes, utilities and maintenance of premises, as well as net rent expense for
leased premises.

OREO expense totaled $5.3 million in the fourth quarter of 2012, a decrease of
$3.5 million compared to $8.8 million in the fourth quarter of 2011.The
decrease in total OREO expenses is primarily related to lower valuation
adjustments on properties held in OREO and lower losses realized on the sale
of OREO properties in the fourth quarter of 2012 as compared to the fourth
quarter of 2011.OREO costs include all costs related to obtaining,
maintaining and selling other real estate owned properties.

Miscellaneous expenses in the fourth quarter of 2012 increased $3.6 million,
or 32%, compared to the same period in the prior year.The increase in the
fourth quarter of 2012 compared to the same period in the prior year is
primarily attributable to $2.1 million of fees paid on the termination of
approximately $68.4 million longer-term, higher rate repurchase agreements in
the current quarter as well as increased expenses related to postage and
general growth in the Company's business.Miscellaneous expense includes ATM
expenses, correspondent bank charges, directors' fees, telephone, travel and
entertainment, corporate insurance, dues and subscriptions, problem loan
expenses and lending origination costs that are not deferred.

As previously discussed in this release, the accounting and reporting policies
of Wintrust conform to 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.One significant metric that is used by the Company in assessing
operating performance is pre-tax adjusted earnings.Pre-tax adjusted earnings
is calculated by adjusting income before taxes to exclude the provision for
credit losses and certain significant items.Two ratios the Company uses to
measure expense management are the efficiency ratio and the net overhead
ratio.The efficiency ratio, which is calculated by dividing non-interest
expense by total taxable-equivalent net revenue (less securities gains and
losses), measures how much it costs to produce one dollar of revenue.The net
overhead ratio is calculated by netting total non-interest expense and total
non-interest income and dividing by total average assets.In both cases, a
lower ratio indicates a higher degree of efficiency.See "Supplemental
Financial Measures/Ratios" section earlier in this document for further detail
on these non-GAAP measures/ratios.

The efficiency ratio and net overhead ratio are primarily reviewed by the
Company based on pre-tax adjusted earnings.The Company believes that these
measures provide a more meaningful view of the Company's operating efficiency
and expense management. The efficiency ratio, based on pre-tax adjusted
earnings, was 62.75% for the fourth quarter of 2012, compared to 64.76% in the
fourth quarter of 2011.The net overhead ratio, based on pre-tax adjusted
earnings, was 1.40% for the fourth quarter of 2012, compared to 1.62% in the
fourth quarter of 2011.These lower ratios indicate a higher degree of
efficiency in the fourth quarter of 2012 as compared to the prior year quarter
as the Company has leveraged its existing infrastructure.

ASSET QUALITY

Allowance for Credit Losses, excluding covered loans

                            Three months ended    Years ended
                            December 31,          December 31,
(Dollars in thousands)       2012       2011       2012          2011
Allowance for loan losses at $112,287 $118,649 $110,381    $113,903
beginning of period
Provision for credit losses  20,672    16,615    72,412       97,920
Other adjustments            (289)     —         (1,333)      —
Reclassification from/(to)
allowance for unfunded       (260)     171       693          1,904
lending-related commitments
Charge-offs:                                                  
Commercial                   9,782     6,377     22,405       31,951
Commercial real estate       9,084     13,931    43,539       62,698
Home equity                  3,496     1,876     9,361        5,020
Residential real estate      2,470     1,632     4,060        4,115
Premium finance              1,284     1,479     3,751        6,617
receivables—commercial
Premium finance              13        —         29           275
receivables—life insurance
Indirect consumer            64        56        221          244
Consumer and other           570       824       1,024        1,532
Total charge-offs            26,763    26,175    84,390       112,452
Recoveries:                                                   
Commercial                   368       541       1,220        1,258
Commercial real estate       978       286       6,635        1,386
Home equity                  43        5         428          64
Residential real estate      9         2         22           10
Premium finance              250       204       871          6,006
receivables—commercial
Premium finance              15        —         69           12
receivables—life insurance
Indirect consumer            27        37        103          220
Consumer and other           14        46        240          150
Total recoveries             1,704     1,121     9,588        9,106
Net charge-offs              (25,059)  (25,054)  (74,802)     (103,346)
Allowance for loan losses at $107,351 $110,381 $107,351    $110,381
period end
Allowance for unfunded
lending-relatedcommitments  14,647    13,231    14,647       13,231
at period end
Allowance for credit losses  $121,998 $123,612 $121,998    $123,612
at period end
Annualized net charge-offs
by category as a percentage                                   
of its own respective
category'saverage:
Commercial                   1.35%      0.96%      0.81%         1.44%
Commercial real estate       0.86      1.56      1.02         1.80
Home equity                  1.72      0.85      1.08         0.56
Residential real estate      1.19      1.07      0.51         0.79
Premium finance              0.21      0.35      0.16         0.04
receivables—commercial
Premium finance              —         —         —            0.02
receivables—life insurance
Indirect consumer            0.19      0.12      0.16         0.04
Consumer and other           1.86      2.35      0.66         1.21
Total loans, net of unearned
income, excluding covered    0.83%      0.93%      0.65%         1.02%
loans
Net charge-offs as a
percentage of theprovision  121.22%    150.79%    103.30%       105.54%
for credit losses
Loans at period-end                              $11,828,943 $10,521,377
Allowance for loan losses as
a percentage of loans at                         0.91%         1.05%
period end
Allowance for credit losses
as a percentage of loans at                      1.03%         1.17%
period end

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).

The provision for credit losses, excluding the provision for covered loan
losses, totaled $20.7 million for the fourth quarter of 2012, $18.2 million
for the third quarter of 2012 and $16.6 million for the fourth quarter of
2011. For the quarter ended December31, 2012, net charge-offs, excluding
covered loans, totaled $25.1 million compared to $17.9 million in the third
quarter of 2012 and $25.1 million recorded in the fourth quarter of 2011.
Annualized net charge-offs as a percentage of average loans, excluding covered
loans, were 0.83% in the fourth quarter of 2012, 0.60% in the third quarter of
2012 and 0.93% in the fourth quarter of 2011. The lower level of the allowance
for credit losses in 2012, reflect the improvements in credit quality metrics
compared to 2011.

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 tables below summarizes the calculation of allowance for loan losses for
the Company's core loan portfolio and niche and purchased loan portfolio as of
December31, 2012 and September30, 2012.

                               As of December 31, 2012
                                                      Asapercentage
                               Recorded      Calculated ofitsownrespective
(Dollars in thousands)          Investment    Allowance  category's balance
Commercial:                                            
Commercial and industrial ^(1)  $1,616,045  $17,040  1.05%
Asset-based lending ^(1)        571,009      5,066     0.89
Municipal                       91,824       1,041     1.13
Leases ^(1)                     89,674       248       0.28
Other ^(1)                      16,246       137       0.84
Commercial real-estate:                                
Residential construction        40,401       1,301     3.22
Commercial construction ^(1)    169,922      3,194     1.88
Land                            134,197      4,829     3.60
Office ^(1)                     557,520      5,446     0.98
Industrial ^(1)                 571,455      5,516     0.97
Retail ^(1)                     562,480      5,292     0.94
Multi-family ^(1)               392,289      10,644    2.71
Mixed use and other ^(1)        1,232,592    15,913    1.29
Home equity ^(1)                773,525      12,734    1.65
Residential real-estate ^(1)    361,089      5,560     1.54
Total core loan portfolio       $7,180,268  $93,961  1.31%
Commercial:                                            
Franchise                       $196,395    $2,880   1.47%
Mortgage warehouse lines of     215,076      2,134     0.99
credit
Community Advantage - homeowner 81,496       204       0.25
associations
Aircraft                        17,364       44        0.25
Purchased non-covered           19,669       —         —
commercial loans ^(2)
Commercial real-estate:                                
Purchased non-covered           203,262      —         —
commercial real-estate ^(2)
Purchased non-covered home      14,949       —         —
equity ^(2)
Purchased non-covered           6,124        —         —
residential real-estate ^(2)
Premium finance receivables                            
U.S. commercial insurance loans 1,737,613    5,402     0.31
Canada commercial insurance     250,243      128       0.05
loans ^(2)
Life insurance loans ^(1)       1,188,134    566       0.05
Purchased life insurance loans  537,032      —         —
^(2)
Indirect consumer               77,333       267       0.35
Consumer and other ^(1)         97,731       1,639     1.68
Purchased non-covered consumer  6,254        126       2.01
and other ^(2)
Total niche and purchased loan  $4,648,675  $13,390  0.29%
portfolio
Total loans, net of unearned    $11,828,943 $107,351 0.91%
income, excluding covered loans
                                                      
(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, 2012
                                                      Asapercentage
                               Recorded      Calculated ofitsownrespective
(Dollars in thousands)          Investment    Allowance  category's balance
Commercial:                                            
Commercial and industrial ^(1)  $1,546,042  $17,137  1.11%
Asset-based lending ^(1)        531,976      5,064     0.95
Municipal                       90,404       1,020     1.13
Leases                          83,351       247       0.30
Other                           1,576        12        0.76
Commercial real-estate:                                
Residential construction        44,255       1,453     3.28
Commercial construction ^(1)    168,503      3,965     2.35
Land                            133,486      5,376     4.03
Office ^(1)                     570,919      5,856     1.03
Industrial ^(1)                 569,191      5,555     0.98
Retail ^(1)                     554,193      5,993     1.08
Multi-family ^(1)               362,215      10,511    2.90
Mixed use and other ^(1)        1,193,594    16,376    1.37
Home equity ^(1)                797,792      13,600    1.70
Residential real-estate ^(1)    372,706      7,553     2.03
Total core loan portfolio       $7,020,203  $99,718  1.42%
Commercial:                                            
Franchise                       $179,706    $1,909   1.06 %
Mortgage warehouse lines of     225,295      1,968     0.87
credit
Community Advantage - homeowner 73,881       185       0.25
associations
Aircraft                        21,444       199       0.93
Purchased non-covered           17,378       —         —
commercial loans ^(2)
Commercial real-estate:                                
Purchased non-covered           103,356      —         —
commercial real-estate ^(2)
Purchased non-covered home      9,800        —         —
equity ^(2)
Purchased non-covered           3,972        —         —
residential real-estate ^(2)
Premium finance receivables                            
U.S. commercial insurance loans 1,703,525    5,911     0.35
Canada commercial insurance     279,420      524       0.19
loans ^(2)
Life insurance loans ^(1)       1,128,588    452       0.04
Purchased life insurance loans  537,032      —         —
^(2)
Indirect consumer               77,378       269       0.35
Consumer and other ^(1)         106,151      1,124     1.06
Purchased non-covered consumer  2,771        28        1.01
and other ^(2)
Total niche and purchased loan  $4,469,697  $12,569  0.28%
portfolio
Total loans, net of unearned    $11,489,900 $112,287 0.98%
income, excluding covered loans
                                                      
(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 a 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 niche loans. A
summary of the allowance for loan losses calculated for the loan components in
both the core loan portfolio and the niche loan portfolio was shown on the
previous pages as of December31, 2012 and September30, 2012. The allowance
for loan losses to core loans was 1.31% compared to 0.29% for niche loans and
0.91% for the entire loan portfolio as of December31, 2012.As of
September30, 2012, the allowance for loan losses to core loans was 1.42%
compared to 0.28% for niche loans and 0.98% for the entire loan portfolio.

The decline in the total allowance for loan losses to total loans, and the
decline in the allowance for loan losses to core loans in the fourth quarter
of 2012 was attributable to a $28 million reduction in impaired loans in the
core portfolio and a $6.7 million decrease in ASC 310 reserves (specific
reserves on impaired loans) on the core portfolio.The ASC 310 reserve
component declined primarily as calculated impairments provided in prior
periods were charged-off and to a lesser extent the calculated impairments on
certain loans were reduced in the fourth quarter.

ASC 450 reserve (general reserves) as a percentage of core loans was 1.17% at
December31, 2012 and 1.19% at September30, 2012.This decrease was
attributable to a positive migration of the Company's historical loss rates
used in determining this portion of the allowance for loan losses.

The table below shows the aging of the Company's loan portfolio, excluding
covered loans, at December31, 2012:

                                                                        
(Dollars in                     90+ days   60-89     30-59
thousands)                      and still  days past days past
                     Nonaccrual accruing   due       due        Current       Total Loans
Loan Balances:                                                           
Commercial                                                               
Commercial and       $19,409  $—       $5,520  $15,410  $1,587,864  $1,628,203
industrial
Franchise            1,792     —         —        —         194,603      196,395
Mortgage warehouse   —         —         —        —         215,076      215,076
lines of credit
Community
Advantage—homeowners —         —         —        —         81,496       81,496
association
Aircraft             —         —         148      —         17,216       17,364
Asset-based lending  536       —         1,126    6,622     564,154      572,438
Municipal            —         —         —        —         91,824       91,824
Leases               —         —         —        896       89,547       90,443
Other                —         —         —        —         16,549       16,549
Purchased
non-covered          —         496       432      7         4,075        5,010
commercial ^(1)
Total commercial     21,737    496       7,226    22,935    2,862,404    2,914,798
Commercial                                                               
real-estate
Residential          3,110     —         4        41        37,246       40,401
construction
Commercial           2,159     —         885      386       167,525      170,955
construction
Land                 11,299    —         632      9,014     113,252      134,197
Office               4,196     —         1,889    3,280     560,346      569,711
Industrial           2,089     —         6,042    4,512     565,294      577,937
Retail               7,792     —         1,372    998       558,734      568,896
Multi-family         2,586     —         3,949    1,040     389,116      396,691
Mixed use and other  16,742    —         6,660    13,349    1,312,503    1,349,254
Purchased
non-covered          —         749       2,663    2,508     50,156       56,076
commercial
real-estate ^(1)
Total commercial     49,973    749       24,096   35,128    3,754,172    3,864,118
real-estate
Home equity          13,423    100       1,592    5,043     768,316      788,474
Residential real     11,728    —         2,763    8,250     343,616      366,357
estate
Purchased
non-covered          —         —         200      —         656          856
residential real
estate ^(1)
Premium finance                                                          
receivables
Commercial insurance 9,302     10,008    6,729    19,597    1,942,220    1,987,856
loans
Life insurance loans 25        —         —        5,531     1,205,151    1,210,707
Purchased life       —         —         —        —         514,459      514,459
insurance loans ^(1)
Indirect consumer    55        189       51       442       76,596       77,333
Consumer and other   1,511     32        167      433       99,010       101,153
Purchased
non-covered consumer —         66        32       101       2,633        2,832
and other ^(1)
Total loans, net of
unearned income,     $107,754 $11,640  $42,856 $97,460  $11,569,233 $11,828,943
excluding covered
loans
Covered loans        1,988     122,350   16,108   7,999     411,642      560,087
Total loans, net of  $109,742 $133,990 $58,964 $105,459 $11,980,875 $12,389,030
unearned income
                                                                        
(1) Purchased 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
Aging as a % of Loan                    and still days   days
Balance:                                accruing  past   past           Total
                             Nonaccrual           due    due    Current Loans
Commercial                                                         
Commercial and industrial    1.2%       —%       0.3%   1.0%   97.5%   100.0%
Franchise                    0.9       —        —     —     99.1   100.0
Mortgage warehouse lines of  —         —        —     —     100.0  100.0
credit
Community
Advantage—homeowners         —         —        —     —     100.0  100.0
association
Aircraft                     —         —        0.9   —     99.1   100.0
Asset-based lending          0.1       —        0.2   1.2   98.5   100.0
Municipal                    —         —        —     —     100.0  100.0
Leases                       —         —        —     1.0   99.0   100.0
Other                        —         —        —     —     100.0  100.0
Purchased non-covered        —         9.9      8.6   0.1   81.4   100.0
commercial ^(1)
Total commercial             0.8       —         0.3   0.8   98.1   100.0
Commercial real-estate                                             
Residential construction     7.7       —        —     0.1   92.2   100.0
Commercial construction      1.3       —        0.5   0.2   98.0   100.0
Land                         8.4       —        0.5   6.7   84.4   100.0
Office                       0.7       —        0.3   0.6   98.4   100.0
Industrial                   0.4       —        1.1   0.8   97.7   100.0
Retail                       1.4       —        0.2   0.2   98.2   100.0
Multi-family                 0.7       —        1.0   0.3   98.0   100.0
Mixed use and other          1.2       —        0.5   1.0   97.3   100.0
Purchased non-covered        —         1.3      4.8   4.5   89.4   100.0
commercial real-estate ^(1)
Total commercial real-estate 1.3       —        0.6   0.9   97.2   100.0
Home equity                  1.7       —        0.2   0.6   97.5   100.0
Residential real estate      3.2       —        0.8   2.3   93.7   100.0
Purchased non-covered        —         —        23.4  —     76.6   100.0
residential real estate ^(1)
Premium finance receivables                                        
Commercial insurance loans   0.5       0.5      0.3   1.0   97.7   100.0
Life insurance loans         —         —        —     0.5   99.5   100.0
Purchased life insurance     —         —        —     —     100.0  100.0
loans ^(1)
Indirect consumer            0.1       0.2      0.1   0.6   99.0   100.0
Consumer and other           1.5       —        0.2   0.4   97.9   100.0
Purchased non-covered        —         2.3      1.1   3.6   93.0   100.0
consumer and other ^(1)
Total loans, net of unearned
income, excluding covered    0.9%       0.1%      0.4%   0.8%   97.8%   100.0%
loans
Covered loans                0.4       21.8     2.9   1.4   73.5   100.0
Total loans, net of unearned 0.9%       1.1%      0.5%   0.9%   96.6%   100.0%
income

As of December31, 2012, $42.9 million of all loans, excluding covered loans,
or 0.4%, were 60 to 89 days past due and $97.5 million, or 0.8%, were 30 to 59
days (or one payment) past due. As of September30, 2012, $50.2 million of all
loans, excluding covered loans, or 0.4%, were 60 to 89 days past due and $92.2
million, or 0.8%, 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 December31, 2012 that are
current with regard to the contractual terms of the loan agreement represent
97.5% of the total home equity portfolio. Residential real estate loans at
December31, 2012 that are current with regards to the contractual terms of
the loan agreements comprise 93.7% of total residential real estate loans
outstanding, which includes purchased non-covered residential real-estate.

The table below shows the aging of the Company's loan portfolio, excluding
covered loans, at September30, 2012:

                              90+ days   60-89     30-59                   
As of September 30,            and still  days past days past               
2012
(Dollars in          Nonaccrual accruing   due       due        Current       Total Loans
thousands)
Loan Balances:                                                           
Commercial                                                               
Commercial and       $15,163  $—       $5,985  $16,631  $1,518,596  $1,556,375
industrial
Franchise            1,792     —         —        —         177,914      179,706
Mortgage warehouse   —         —         —        —         225,295      225,295
lines of credit
Community
Advantage—homeowners —         —         —        —         73,881       73,881
association
Aircraft             428       —         —        150       20,866       21,444
Asset-based lending  328       —         1,211    5,556     525,966      533,061
Municipal            —         —         —        —         90,404       90,404
Leases               —         —         —        —         83,351       83,351
Other                —         —         —        —         1,576        1,576
Purchased
non-covered          —         499       —        —         5,461        5,960
commercial ^(1)
Total commercial     17,711    499       7,196    22,337    2,723,310    2,771,053
Commercial                                                               
real-estate
Residential          2,141     —         3,008    —         39,106       44,255
construction
Commercial           3,315     —         163      13,072    152,993      169,543
construction
Land                 10,629    —         3,033    3,017     116,807      133,486
Office               6,185     —         5,717    7,237     565,182      584,321
Industrial           1,885     —         645      1,681     570,114      574,325
Retail               10,133    —         1,853    5,617     543,066      560,669
Multi-family         3,314     —         3,062    —         357,047      363,423
Mixed use and other  20,859    —         9,779    14,990    1,175,222    1,220,850
Purchased
non-covered          —         1,066     150      389       47,235       48,840
commercial
real-estate ^(1)
Total commercial     58,461    1,066     27,410   46,003    3,566,772    3,699,712
real-estate
Home equity          11,504    —         5,905    5,642     784,541      807,592
Residential real     15,393    —         3,281    2,637     354,711      376,022
estate
Purchased
non-covered          —         —         —        —         656          656
residential real
estate ^(1)
Premium finance                                                          
receivables
Commercial insurance 7,488     5,533     5,881    14,369    1,949,674    1,982,945
loans
Life insurance loans 29        —         —        —         1,128,559    1,128,588
Purchased life       —         —         —        —         537,032      537,032
insurance loans ^(1)
Indirect consumer    72        215       74       344       76,673       77,378
Consumer and other   1,485     —         429      849       106,092      108,855
Purchased
non-covered consumer —         —         —        —         67           67
and other ^(1)
Total loans, net of
unearned income,     $112,143 $7,313   $50,176 $92,181  $11,228,087 $11,489,900
excluding covered
loans
Covered loans        910       129,257   6,521    14,571    506,266      657,525
Total loans, net of  $113,053 $136,570 $56,697 $106,752 $11,734,353 $12,147,425
unearned income

(1) Purchased 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            
                              and      dayspast dayspast        
                                still
Aging as a % of Loan Nonaccrual accruing due       due       Current TotalLoans
Balance:
Commercial                                                      
Commercial and       1.0%       —%       0.4%      1.1%      97.5%   100.0%
industrial
Franchise            1.0       —       —        —        99.0   100.0
Mortgage warehouse   —         —       —        —        100.0  100.0
lines of credit
Community
Advantage—homeowners —         —       —        —        100.0  100.0
association
Aircraft             2.0       —       —        0.7      97.3   100.0
Asset-based lending  0.1       —       0.2      1.0      98.7   100.0
Municipal            —         —       —        —        100.0  100.0
Leases               —         —       —        —        100.0  100.0
Other                —         —       —        —        100.0  100.0
Purchased
non-covered          —         8.4     —        —        91.6   100.0
commercial ^(1)
Total commercial     0.6       —       0.3      0.8      98.3   100.0
Commercial                                                      
real-estate
Residential          4.8       —       6.8      —        88.4   100.0
construction
Commercial           2.0       —       0.1      7.7      90.2   100.0
construction
Land                 8.0       —       2.3      2.3      87.4   100.0
Office               1.1       —       1.0      1.2      96.7   100.0
Industrial           0.3       —       0.1      0.3      99.3   100.0
Retail               1.8       —       0.3      1.0      96.9   100.0
Multi-family         0.9       —       0.8      —        98.3   100.0
Mixed use and other  1.7       —       0.8      1.2      96.3   100.0
Purchased
non-covered          —         2.2     0.3      0.8      96.7   100.0
commercial
real-estate ^(1)
Total commercial     1.6       —       0.7      1.2      96.5   100.0
real-estate
Home equity          1.4       —       0.7      0.7      97.2   100.0
Residential real     4.1       —       0.9      0.7      94.3   100.0
estate
Purchased
non-covered          —         —       —        —        100.0  100.0
residential real
estate ^(1)
Premium finance                                                 
receivables
Commercial insurance 0.4       0.3     0.3      0.7      98.3   100.0
loans
Life insurance loans —         —       —        —        100.0  100.0
Purchased life       —         —       —        —        100.0  100.0
insurance loans ^(1)
Indirect consumer    0.1       0.3     0.1      0.4      99.1   100.0
Consumer and other   1.4       —       0.4      0.8      97.4   100.0
Purchased
non-covered consumer —         —       —        —        100.0  100.0
and other ^(1)
Total loans, net of
unearned income,     1.0%       0.1%     0.4%      0.8%      97.7%   100.0%
excluding covered
loans
Covered loans        0.1       19.7    1.0      2.2      77.0   100.0
Total loans, net of  0.9%       1.1%     0.5%      0.9%      96.6%   100.0%
unearned income

Non-performing Assets, excluding covered assets

The following table sets forth Wintrust's non-performing assets, excluding
covered assets and purchased non-covered loans acquired with evidence of
credit quality deterioration since origination, at the dates indicated.

                                      December 31, September 30, December 31,
(Dollars in thousands)                 2012         2012          2011
Loans past due greater than 90 days                             
and still accruing:
Commercial                             $—         $—          $—
Commercial real-estate                 —           —            —
Home equity                            100         —            —
Residential real-estate                —           —            —
Premium finance receivables—commercial 10,008      5,533        5,281
Premium finance receivables—life       —           —            —
insurance
Indirect consumer                      189         215          314
Consumer and other                     32          —            —
Total loans past due greater than 90   10,329      5,748        5,595
days and still accruing
Non-accrual loans:                                              
Commercial                             21,737      17,711       19,018
Commercial real-estate                 49,973      58,461       66,508
Home equity                            13,423      11,504       14,164
Residential real-estate                11,728      15,393       6,619
Premium finance receivables—commercial 9,302       7,488        7,755
Premium finance receivables—life       25          29           54
insurance
Indirect consumer                      55          72           138
Consumer and other                     1,511       1,485        233
Total non-accrual loans                107,754     112,143      114,489
Total non-performing loans:                                     
Commercial                             21,737      17,711       19,018
Commercial real-estate                 49,973      58,461       66,508
Home equity                            13,523      11,504       14,164
Residential real-estate                11,728      15,393       6,619
Premium finance receivables—commercial 19,310      13,021       13,036
Premium finance receivables—life       25          29           54
insurance
Indirect consumer                      244         287          452
Consumer and other                     1,543       1,485        233
Total non-performing loans             $118,083   $117,891    $120,084
Other real estate owned                56,174      61,897       79,093
Other real estate owned—obtained in    6,717       5,480        7,430
acquisition
Total non-performing assets            $180,974   $185,268    $206,607
Total non-performing loans by category
as a percent ofits own respective                              
category's period-end balance:
Commercial                             0.75%        0.64%         0.76%
Commercial real-estate                 1.29         1.58          1.89
Home equity                            1.72         1.42          1.64
Residential real-estate                3.19         4.09          1.89
Premium finance receivables—commercial 0.97         0.66          0.92
Premium finance receivables—life       —            —             —
insurance
Indirect consumer                      0.32         0.37          0.70
Consumer and other                     1.48         1.36          0.19
Total loans, net of unearned income    1.00%        1.03%         1.14%
Total non-performing assets, as a      1.03%        1.09%         1.30%
percentage of total assets
Allowance for loan losses as a
percentage oftotal non-performing     90.91%       95.25%        91.92%
loans

Non-performing Commercial and Commercial Real Estate

Commercial non-performing loans totaled $21.7 million as of December31, 2012
compared to $17.7 million as of September30, 2012 and $19.0 million as of
December31, 2011. Commercial real estate non-performing loans totaled $50.0
million as of December31, 2012 compared to $58.5 million as of September30,
2012 and $66.5 million as of December31, 2011.

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 to occur upon the ultimate resolution of these credits.

Non-performing Residential Real Estate and Home Equity

Non-performing home equity and residential real estate loans totaled $25.3
million as of December31, 2012.The balance decreased $1.6 million from
September30, 2012 and increased $4.5 million from December31, 2011.The
December31, 2012 non-performing balance is comprised of $11.7 million of
residential real estate (54 individual credits) and $13.5 million of home
equity loans (53 individual credits).On average, this is approximately 7
non-performing residential real estate loans and home equity loans per
chartered bank within the Company. The Company believes control and collection
of these loans is very manageable. At this time, management believes reserves
are adequate to absorb inherent losses that may occur upon the ultimate
resolution of these credits.

Non-performing Commercial Insurance Premium Finance Receivables

The table below presents the level of non-performing property and casualty
premium finance receivables as of December31, 2012 and 2011, and the amount
of net charge-offs for the quarters then ended.

                                                    December 31, December 31,
(Dollars in thousands)                               2012         2011
Non-performing premium finance                       $19,310    $13,036
receivables—commercial
- as a percent of premium finance                    0.97%        0.92%
receivables—commercial outstanding
Net charge-offs (recoveries) of premium finance      $1,034     $1,275
receivables—commercial
-annualized as a percent of average premium finance 0.21%        0.35%
receivables—commercial

Fluctuations in this category may occur due to timing and nature of account
collections from insurance carriers. The Company's underwriting standards,
regardless of the condition of the economy, have remained consistent. We
anticipate that net charge-offs and non-performing asset levels in the near
term will continue to be at levels that are within acceptable operating ranges
for this category of loans. Management is comfortable with administering the
collections at this level of non-performing property and casualty premium
finance receivables and believes reserves are adequate to absorb inherent
losses that may occur upon the ultimate resolution of these credits.

Due to the nature of collateral for commercial premium finance receivables, it
customarily takes 60-150 days to convert the collateral into cash.
Accordingly, the level of non-performing commercial premium finance
receivables is not necessarily indicative of the loss inherent in the
portfolio. In the event of default, Wintrust has the power to cancel the
insurance policy and collect the unearned portion of the premium from the
insurance carrier. In the event of cancellation, the cash returned in payment
of the unearned premium by the insurer should generally be sufficient to cover
the receivable balance, the interest and other charges due. Due to
notification requirements and processing time by most insurance carriers, many
receivables will become delinquent beyond 90 days while the insurer is
processing the return of the unearned premium. Management continues to accrue
interest until maturity as the unearned premium is ordinarily sufficient to
pay-off the outstanding balance and contractual interest due.

During the fourth quarter of 2012, our commercial premium finance receivable
portfolio experienced a temporary increase in past due balances of
approximately $4 million as emergency orders preventing insurance carriers
from canceling policies were issued by states affected by Superstorm Sandy.We
do not expect to incur any material additional losses as a result of this
event and anticipate the higher past due balances to decline during the first
quarter of 2013, with levels of past due loans in this segment returning to
historical levels.

Nonperforming Loans Rollforward

The table below presents a summary of the changes in the balance of
non-performing loans, excluding covered loans, for the three and twelve month
periods ending December31, 2012 and 2011:

                          Three Months Ended        Years Ended
                          December 31, December 31, December 31, December 31,
(Dollars in thousands)     2012         2011         2012         2011
Balance at beginning of    $117,891   $133,976   $120,084   $141,958
period
Additions, net             28,199      25,049      109,378     166,459
Return to performing       (94)        (2,285)     (3,137)     (7,800)
status
Payments received          (12,014)    (10,426)    (41,250)    (44,804)
Transfer to OREO           (7,359)     (6,182)     (25,275)    (59,203)
Charge-offs                (14,848)    (18,614)    (48,408)    (68,608)
Net change for niche loans 6,308       (1,434)     6,691       (7,918)
^(1)
Balance at end of period   $118,083   $120,084   $118,083   $120,084

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

Restructured Loans

The table below presents a summary of restructured loans for the respective
period, presented by loan category and accrual status:

                                      December 31, September 30, December 31,
(Dollars in thousands)                 2012         2012          2011
Accruing:                                                       
Commercial                             $11,871    $21,126     $9,270
Commercial real estate                 89,906      102,251      104,864
Residential real estate and other      4,342       5,014        5,786
Total accrual                          $106,119   $128,391    $119,920
Non-accrual: ^(1)                                               
Commercial                             $6,124     $924        $1,564
Commercial real estate                 12,509      15,399       7,932
Residential real estate and other      1,721       2,482        1,102
Total non-accrual                      $20,354    $18,805     $10,598
Total restructured loans:                                       
Commercial                             $17,995    $22,050     $10,834
Commercial real estate                 102,415     117,650      112,796
Residential real estate and other      6,063       7,496        6,888
Total restructured loans               $126,473   $147,196    $130,518
Weighted-average contractual interest  4.11%        4.21%         4.23%
rate of restructured loans

(1) Included in total non-performing loans.

At December31, 2012, the Company had $126.5 million in loans with modified
terms representing 165 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 table below presents a summary of restructured loans as of December31,
2012 and December31, 2011, and shows the changes in the balance during the
periods presented:

Three Months Ended December 31, 2012
                                                 Residential   
                                    Commercial    Real estate   
(Dollars in thousands)  Commercial    Real estate   and Other     Total
Balance at beginning of $22,050     $117,650    $7,496      $147,196
period
Additions during the    987          1,547        126          2,660
period
Reductions:                                                    
Charge-offs             (4,361)      (1,723)      (764)        (6,848)
Transferred to OREO     —            (955)        (449)        (1,404)
Removal of restructured —            (4,488)      —            (4,488)
loan status ^(1)
Payments received       (681)        (9,616)      (346)        (10,643)
Balance at period end   $17,995     $102,415    $6,063      $126,473
                                                              
Three Months Ended December 31, 2011
                                                 Residential   
                                    Commercial    Real estate   
(Dollars in thousands)  Commercial    Real estate   and Other     Total
Balance at beginning of $11,519     $87,629     $5,244      $104,392
period
Additions during the    1,837        40,251       2,455        44,543
period
Reductions:                                                    
Charge-offs             (2,178)      (3,370)      (749)        (6,297)
Transferred to OREO     —            (1,545)      —            (1,545)
Removal of restructured —            (3,941)      —            (3,941)
loan status ^(1)
Payments received       (344)        (6,228)      (62)         (6,634)
Balance at period end   $10,834     $112,796    $6,888      $130,518

(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.
                                                              
Year Ended December 31, 2012
                                                 Residential   
                                    Commercial    Real estate   
(Dollars in thousands)  Commercial    Real estate   and Other     Total
Balance at beginning of $10,834     $112,796    $6,888      $130,518
period
Additions during the    14,312       56,564       1,672        72,548
period
Reductions:                                                    
Charge-offs             (5,160)      (13,259)     (1,396)      (19,815)
Transferred to OREO     —            (4,096)      (449)        (4,545)
Removal of restructured (363)        (6,365)      (273)        (7,001)
loan status ^(1)
Payments received       (1,628)      (43,225)     (379)        (45,232)
Balance at period end   $17,995     $102,415    $6,063      $126,473
                                                              
                                                              
Year Ended December 31, 2011
                                                 Residential   
                                    Commercial    Real estate   
(Dollars in thousands)  Commercial    Real estate   and Other     Total
Balance at beginning of $18,028     $81,366     $1,796      $101,190
period
Additions during the    6,956        87,656       5,916        100,528
period
Reductions:                                                    
Charge-offs             (5,959)      (16,396)     (753)        (23,108)
Transferred to OREO     —            (8,288)      —            (8,288)
Removal of restructured (6,588)      (9,537)      —            (16,125)
loan status ^(1)
Payments received       (1,603)      (22,005)     (71)         (23,679)
Balance at period end   $10,834     $112,796    $6,888      $130,518

(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.

The Company's approach to restructuring loans is built on its credit risk
rating system which requires credit management personnel to assign a credit
risk rating to each loan. In each case, the loan officer is responsible for
recommending a credit risk rating for each loan and ensuring the credit risk
ratings are appropriate. These credit risk ratings are then reviewed and
approved by the bank's chief credit officer or the director's loan committee.
Credit risk ratings are determined by evaluating a number of factors including
a borrower's financial strength, cash flow coverage, collateral protection and
guarantees. The Company's credit risk rating scale is one through ten with
higher scores indicating higher risk. In the case of loans rated six or worse
following modification, the Company's Managed Assets Division evaluates the
loan and the credit risk rating and determines that the loan has been
restructured to be reasonably assured of repayment and of performance
according to the modified terms and is supported by a current, well-documented
credit assessment of the borrower's financial condition and prospects for
repayment under the revised terms.

A modification of a loan with an existing credit risk rating of six or worse
or a modification of any other credit, which will result in a restructured
credit risk rating of six or worse must be reviewed for troubled debt
restructuring ("TDR") classification. In that event, our Managed Assets
Division conducts an overall credit and collateral review. A modification of a
loan is considered to be a TDR if both (1)the borrower is experiencing
financial difficulty and (2)for economic or legal reasons, the bank grants a
concession to a borrower that it would not otherwise consider. The
modification of a loan where the credit risk rating is five or better both
before and after such modification are not reviewed for TDR status. Based on
the Company's credit risk rating system, it considers that borrowers whose
credit risk rating is five or better are not experiencing financial
difficulties and therefore, are not considered TDRs.

TDRs are reviewed at the time of modification and on a quarterly basis to
determine if a specific reserve is needed. The carrying amount of the loan is
compared to the expected payments to be received, discounted at the loan's
original rate, or for collateral dependent loans, to the fair value of the
collateral. Any shortfall is recorded as a specific reserve.

All credits determined to be a TDR will continue to be classified as a TDR in
all subsequent periods, unless the borrower has been in compliance with the
loan's modified terms for a period of six months (including over a calendar
year-end) and the modified interest rate represented a market rate at the time
of a restructuring. The Managed Assets Division, in consultation with the
respective loan officer, determines whether the modified interest rate
represented a current market rate at the time of restructuring. Using
knowledge of current market conditions and rates, competitive pricing on
recent loan originations, and an assessment of various characteristics of the
modified loan (including collateral position and payment history), an
appropriate market rate for a new borrower with similar risk is determined. If
the modified interest rate meets or exceeds this market rate for a new
borrower with similar risk, the modified interest rate represents a market
rate at the time of restructuring. Additionally, before removing a loan from
TDR classification, a review of the current or previously measured impairment
on the loan and any concerns related to future performance by the borrower is
conducted. If concerns exist about the future ability of the borrower to meet
its obligations under the loans based on a credit review by the Managed Assets
Division, the TDR classification is not removed from the loan.

Each restructured loan was reviewed for impairment at December31, 2012 and
approximately $2.2 million of impairment was present and appropriately
reserved for through the Company's normal reserving methodology in the
Company's allowance for loan losses.

Other Real Estate Owned

The table below presents a summary of other real estate owned, excluding
covered other real estate owned, as of December31, 2012 and shows the
activity for the respective period and the balance for each property type:

                                      Three Months Ended
                                      December 31, September30, December 31,
(Dollars in thousands)                 2012         2012          2011
Balance at beginning of period         $67,377    $72,553     $96,924
Disposals/resolved                     (12,516)    (10,604)     (7,722)
Transfers in at fair value, less costs 8,030       6,895        6,084
to sell
Additions from acquisition             2,923       —            —
Fair value adjustments                 (2,923)     (1,467)      (8,763)
Balance at end of period               $62,891    $67,377     $86,523
                                                               
                                      Period End
                                      December 31, September30, December 31,
Balance by Property Type               2012         2012          2011
Residential real estate                $9,077     $8,241      $7,327
Residential real estate development    12,144      13,872       19,923
Commercial real estate                 41,670      45,264       59,273
Total                                  $62,891    $67,377     $86,523

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. These loss share
assets 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 are also separately measured from the
related loans and foreclosed real estate and recorded separately on the
Consolidated Statements of Condition. Subsequent to the acquisition date,
reimbursements received from the FDIC for actual incurred losses will reduce
the loss share assets. Additional expected losses, to the extent such expected
losses result in the recognition of an allowance for loan losses, will
increase the loss share assets. The loss share agreements with the FDIC
require the Company to reimburse the FDIC in the event that actual losses on
covered assets are lower than the original loss estimates agreed upon with the
FDIC with respect of such assets in the loss share agreements. 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. 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
reduce the loss share assets. The increases in cash flows for the purchased
loans are recognized as interest income prospectively.

The following table provides a comparative analysis for the period end
balances of the covered asset components and any changes in the allowance for
covered loan losses.

                                      December 31, September 30, December 31,
(Dollars in thousands)                 2012         2012          2011
Period End Balances:                                            
Loans                                  $560,087    $657,525     $651,368
Other real estate owned                82,908      49,623       47,459
Other assets                           1,097       915          —
FDIC indemnification asset             208,160     238,305      344,251
Total covered assets                   $852,252   $946,368    $1,043,078
Allowance for Covered Loan Losses                               
Rollforward
Balance at beginning of quarter:       $21,926    $20,560     $12,496
Provision for covered loan losses
before benefit attributable to FDIC    (5,634)     3,096        10,693
loss share agreements
Benefit attributable to FDIC loss      4,508       (2,489)      (8,554)
share agreements
Net provision for covered loan losses  (1,126)     607          2,139
(Decrease) increase in FDIC            (4,508)     2,489        8,554
indemnification asset
Loans charged-off                      (2,869)     (1,736)      (10,212)
Recoveries of loans charged-off        31          6            —
Net charge-offs                        (2,838)     (1,730)      (10,212)
Balance at end of quarter              $13,454    $21,926     $12,977

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           Three months ended
                    December 31, 2012            December 31, 2011
                                 LifeInsurance              LifeInsurance
                    Bank          Premium        Bank          Premium
(Dollars in          Acquisitions  Finance Loans  Acquisitions Finance Loans
thousands)
Accretable yield,    $151,800    $15,426      $86,497     $20,196
beginning balance
Acquisitions         (878)        —             (350)        —
Accretable yield
amortized to         (11,556)     (2,646)       (14,302)     (2,808)
interest income
Accretable yield
amortized to         (10,886)     —             (20,843)     —
indemnification
asset ^(1)
Reclassification
from non-accretable  10,776       —             110,583      1,358
difference ^(2)
Increases in
interest cash flows
due to payments and  3,213        275           11,535       115
changes in interest
rates
Accretable yield,    $142,469    $13,055      $173,120    $18,861
ending balance ^(3)
                                                            
                    Year ended                   Year ended
                    December 31, 2012            December 31, 2011
                                 LifeInsurance              LifeInsurance
                    Bank          Premium        Bank          Premium
(Dollars in          Acquisitions  Finance Loans  Acquisitions  Finance Loans
thousands)
Accretable yield,    $173,120    $18,861      $39,809     $33,315
beginning balance
Acquisitions         7,462        —             29,447       —
Accretable yield
amortized to         (52,101)     (11,441)      (39,171)     (22,109)
interest income
Accretable yield
amortized to         (66,798)     —             (37,888)     —
indemnification
asset ^(1)
Reclassification
from non-accretable  64,603       4,096         163,403      5,215
difference ^(2)
Increases in
interest cash flows
due to payments and  16,183       1,539         17,520       2,440
changes in interest
rates
Accretable yield,    $142,469    $13,055      $173,120    $18,861
ending balance ^(3)

(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 December31, 2012, the Company estimates that the remaining
accretable yield balance to be amortized to the indemnification asset for the
bank acquisitions is $54.5 million. The remainder of the accretable yield
related to bank acquisitions is expected to be amortized to interest income.

WINTRUST SUBSIDIARIES AND LOCATIONS

Wintrust is a financial holding company whose common stock is traded on the
Nasdaq Global Select Market (Nasdaq:WTFC). Its 15 community bank subsidiaries
are: Lake Forest Bank& Trust Company, Hinsdale Bank& Trust Company, North
Shore Community Bank& Trust Company in Wilmette, Libertyville Bank& Trust
Company, Barrington Bank& Trust Company, Crystal Lake Bank& Trust Company,
Northbrook Bank& Trust Company, Schaumburg Bank& Trust Company, N.A.,
Village Bank& Trust in Arlington Heights, Beverly Bank& Trust Company 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, Bloomingdale, Buffalo Grove, Cary,
Chicago, Cicero, Clarendon Hills, Crete, Deerfield, Downers Grove, Elgin,
Frankfort, Geneva, Glencoe, Glen Ellyn, Gurnee, Grayslake, Hanover Park,
Highland Park, Highwood, Hoffman Estates, Island Lake, Itasca, Lake Bluff,
Lake Villa, Lindenhurst, McHenry, Mokena, Mount Prospect, Mundelein,
Naperville, North Chicago, Northfield, Norridge, Orland Park, Palatine, Park
Ridge, Prospect Heights, Ravinia, Riverside, Rogers Park, Roselle, Skokie,
Spring Grove, Steger, Vernon Hills, Wauconda, Western Springs, Willowbrook,
Winnetka and Wood Dale and in Delafield, Elm Grove, Madison, Menomenee Falls
and Wales, Wisconsin.

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.
  *Advanced Investment Partners, LLC is an investment management firm
    specializing in the active management of domestic equity investment
    strategies.
  *The Chicago Trust Company, a trust subsidiary, allows Wintrust to service
    customers' trust and investment needs at each banking location.

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 Item1A of the Company's 2011 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:

  *negative economic conditions that adversely affect the economy, housing
    prices, the job market and other factors that may affect the Company's
    liquidity and the performance of its loan portfolios, particularly in the
    markets in which it operates;
  *the extent of defaults and losses on the Company's loan portfolio, which
    may require further increases in its allowance for credit losses;
  *estimates of fair value of certain of the Company's assets and
    liabilities, which could change in value significantly from period to
    period;
  *the financial success and economic viability of the borrowers of our
    commercial loans;
  *the extent of commercial and consumer delinquencies and declines in real
    estate values, which may require further increases in the Company's
    allowance for loan and lease losses;
  *changes in the level and volatility of interest rates, the capital markets
    and other market indices that may affect, among other things, the
    Company's liquidity and the value of its assets and liabilities;
  *competitive pressures in the financial services business which may affect
    the pricing of the Company's loan and deposit products as well as its
    services (including wealth management services);
  *failure to identify and complete favorable acquisitions in the future or
    unexpected difficulties or developments related to the integration of the
    Company's recent or future acquisitions;
  *unexpected difficulties and losses related to FDIC-assisted acquisitions,
    including those resulting from our loss- sharing arrangements with the
    FDIC;
  *any negative perception of the Company's reputation or financial strength;
  *ability of the Company to raise capital on acceptable terms when needed;
  *disruption in capital markets, which may lower fair values for the
    Company's investment portfolio;
  *ability of the Company to use technology to provide products and services
    that will satisfy customer demands and create efficiencies in operations;
  *adverse effects on our information technology systems resulting from
    failures, human error or tampering;
  *accuracy and completeness of information the Company receives about
    customers and counterparties to make credit decisions;
  *the ability of the Company to attract and retain senior management
    experienced in the banking and financial services industries;
  *environmental liability risk associated with lending activities;
  *losses incurred in connection with repurchases and indemnification
    payments related to mortgages;
  *the loss of customers as a result of technological changes allowing
    consumers to complete their financial transactions without the use of a
    bank;
  *the soundness of other financial institutions;
  *the possibility that certain European Union member states will default on
    their debt obligations, which may affect the Company's liquidity,
    financial conditions and results of operations;
  *examinations and challenges by tax authorities;
  *changes in accounting standards, rules and interpretations and the impact
    on the Company's financial statements;
  *the ability of the Company to receive dividends from its subsidiaries;
  *a decrease in the Company's regulatory capital ratios, including as a
    result of further declines in the value of its loan portfolios, or
    otherwise;
  *legislative or regulatory changes, particularly changes in regulation of
    financial services companies and/or the products and services offered by
    financial services companies, including those resulting from the
    Dodd-Frank Act;
  *restrictions on our ability to market our products to consumers and
    limitations on our ability to profitably operate our mortgage business
    resulting from the Dodd-Frank Act;
  *increased costs of compliance, heightened regulatory capital requirements
    and other risks associated with changes in regulation and the current
    regulatory environment, including the Dodd-Frank Act;
  *changes in capital requirements resulting from Basel II and III
    initiatives;
  *increases in the Company's FDIC insurance premiums, or the collection of
    special assessments by the FDIC;
  *delinquencies or fraud with respect to the Company's premium finance
    business;
  *credit downgrades among commercial and life insurance providers that could
    negatively affect the value of collateral securing the Company's premium
    finance loans;
  *the Company's ability to comply with covenants under its credit facility;
  *fluctuations in the stock market, which may have an adverse impact on the
    Company's wealth management business and brokerage operation; and
  *significant litigation involving the Company.

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 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 12:00 p.m. (CT) Friday, January18,
2013 regarding fourth quarter 2012 results. Individuals interested in
listening should call (877)363-5049 and enter Conference ID #88754309. A
simultaneous audio-only web cast and replay of the conference call may be
accessed via the Company's web site at (http://www.wintrust.com), Investor
Relations, Investor News and Events, Presentations& Conference Calls. The
text of the fourth quarter 2012 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,
               2012          2012          2012          2012          2011
Selected
Financial
Condition Data                                                     
(at end of
period):
Total assets   $17,519,613 $17,018,592 $16,576,282 $16,172,018 $15,893,808
Total loans,
excluding      11,828,943   11,489,900   11,202,842   10,717,384   10,521,377
covered loans
Total deposits 14,428,544   13,847,965   13,057,581   12,665,853   12,307,267
Junior
subordinated   249,493      249,493      249,493      249,493      249,493
debentures
Total
shareholders'  1,804,705    1,761,300    1,722,074    1,687,921    1,543,533
equity
Selected
Statements of                                                      
Income Data:
Net interest   132,776      132,575      128,270      125,895      124,647
income
Net revenue    197,965      195,520      179,205      172,918      169,559
^(1)
Pre-tax
adjusted       72,034       68,923       68,841       63,688       59,362
earnings ^(2)
Net income     30,089       32,302       25,595       23,210       19,221
Net income per
common share – $0.75       $0.82       $0.63       $0.61       $0.51
Basic
Net income per
common share – $0.61       $0.66       $0.52       $0.50       $0.41
Diluted
Selected
Financial                                                          
Ratios and
Other Data:
Performance                                                        
Ratios:
Net interest   3.40 %        3.50 %        3.51 %        3.55 %        3.45 %
margin ^(2)
Non-interest
income to      1.50 %        1.50 %        1.26 %        1.19 %        1.11 %
average assets
Non-interest
expense to     2.99 %        2.97 %        2.89 %        2.99 %        2.94 %
average assets
Net overhead   1.48 %        1.47 %        1.63 %        1.80 %        1.83 %
ratio ^(2) (3)
Net overhead
ratio -
pre-tax        1.40 %        1.52 %        1.46 %        1.58 %        1.62 %
adjusted
earnings ^(2)
(3)
Efficiency
ratio - FTE    66.13 %       63.67 %       65.63 %       68.24 %       69.99 %
^(2) (4)
Efficiency
ratio -
pre-tax        62.75 %       63.48 %       61.38 %       62.31 %       64.76 %
adjusted
earnings ^(2)
(4)
Return on      0.69 %        0.77 %        0.63 %        0.59 %        0.48 %
average assets
Return on
average common 6.79 %        7.57 %        6.08 %        5.90 %        4.87 %
equity
Average total  $17,248,650 $16,705,429 $16,319,207 $15,835,350 $16,014,209
assets
Average total
shareholders'  1,786,824    1,736,740    1,695,440    1,564,662    1,531,936
equity
Average loans
to average     85.6 %        89.3 %        88.2 %        88.1 %        86.6 %
deposits ratio
Average loans
to average
deposits ratio 90.0         93.8        93.4        93.5        91.9
(including
covered loans)
Common Share
Data at end of                                                     
period:
Market price
per common     $36.70      $37.57      $35.50      $35.79      $28.05
share
Book value per
common share   $37.78      $37.25      $35.86      $35.25      $34.23
^(2)
Tangible
common book    $29.28      $28.93      $27.69      $27.57      $26.72
value per
share ^(2)
Common shares  36,861,956   36,411,382   36,340,843   36,289,380   35,978,349
outstanding
Other Data at
end of                                                             
period:^(8)
Leverage       10.1 %        10.2 %        10.2 %        10.5 %        9.4 %
Ratio^(5)
Tier 1 Capital
to             12.0 %        12.2 %        12.2 %        12.7 %        11.8 %
risk-weighted
assets ^(5)
Total capital
to             13.0 %        13.3 %        13.4 %        13.9 %        13.0 %
risk-weighted
assets ^(5)
Tangible
common equity  7.4 %         7.4 %         7.4 %         7.5 %         7.5 %
ratio (TCE)
^(2) (7)
Tangible
common equity
ratio,
assuming full  8.4 %         8.4 %         8.4 %         8.6 %         7.8 %
conversion of
preferred
stock ^(2) (7)
Allowance for
credit losses  $121,988    $124,914    $124,823    $124,101    $123,612
^(6)
Non-performing 118,083      117,891      120,920      113,621      120,084
loans
Allowance for
credit losses  1.03 %        1.09 %        1.11 %        1.16 %        1.17 %
to total loans
^(6)
Non-performing
loans to total 1.00 %        1.03 %        1.08 %        1.06 %        1.14 %
loans
Number of:                                                         
Bank           15           15           15           15           15
subsidiaries
Non-bank       8            8            8            7            7
subsidiaries
Banking        111          109          100          98           99
offices
                                                                  
(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) The efficiency ratio is calculated by dividing total non-interest expense by
tax-equivalent net revenue (less securities gains or losses). A lower ratio
indicates more efficient revenue generation.
(5) Capital ratios for current quarter-end are estimated.
(6) 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.
(7) Total shareholders' equity minus preferred stock and total intangible assets
divided by total assets minus total intangible assets
(8) Asset quality ratios exclude covered loans.



WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Consolidated Statements of Condition - 5 Quarter Trends
                                                                      
                  (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   
(In thousands)     December 31,  September 30, June 30,      March 31,     December 31,
                   2012          2012          2012          2012          2011
Assets                                                                 
Cash and due from  $284,731    $186,752    $176,529    $146,014    $148,012
banks
Federal funds sold
and securities     30,297       26,062       15,227       14,588       21,692
purchased under
resale agreements
Interest-bearing
deposits with      1,035,743    934,430      1,117,888    900,755      749,287
other banks
Available-for-sale
securities, at     1,796,076    1,256,768    1,196,702    1,869,344    1,291,797
fair value
Trading account    583          635          608          1,140        2,490
securities
Federal Home Loan
Bank and Federal   79,564       80,687       92,792       88,216       100,434
Reserve Bank
stock, at cost
Brokerage customer 24,864       30,633       31,448       31,085       27,925
receivables
Mortgage loans
held-for-sale, at  385,033      548,300      511,566      339,600      306,838
fair value
Mortgage loans
held-for-sale, at  27,167       21,685       14,538       10,728       13,686
lower of cost or
market
Loans, net of
unearned income,   11,828,943   11,489,900   11,202,842   10,717,384   10,521,377
excluding covered
loans
Covered loans      560,087      657,525      614,062      691,220      651,368
Total loans        12,389,030   12,147,425   11,816,904   11,408,604   11,172,745
Less: Allowance    107,351      112,287      111,920      111,023      110,381
for loan losses
Less: Allowance
for covered loan   13,454       21,926       20,560       17,735       12,977
losses
Net loans         12,268,225   12,013,212   11,684,424   11,279,846   11,049,387
Premises and       501,205      461,905      449,608      434,700      431,512
equipment, net
FDIC
indemnification    208,160      238,305      222,568      263,212      344,251
asset
Accrued interest
receivable and     511,617      557,884      710,275      463,394      444,912
other assets
Trade date
securities         —            307,295      —            —            634,047
receivable
Goodwill           345,401      331,634      330,896      307,295      305,468
Other intangible   20,947       22,405       21,213       22,101       22,070
assets
Total assets       $17,519,613 $17,018,592 $16,576,282 $16,172,018 $15,893,808
Liabilities and
Shareholders'                                                          
Equity
Deposits:                                                              
Non-interest       $2,396,264  $2,162,215  $2,047,715  $1,901,753  $1,785,433
bearing
Interest bearing   12,032,280   11,685,750   11,009,866   10,764,100   10,521,834
Total deposits     14,428,544   13,847,965   13,057,581   12,665,853   12,307,267
Notes payable      2,093        2,275        2,457        52,639       52,822
Federal Home Loan  414,122      414,211      564,301      466,391      474,481
Bank advances
Other borrowings   274,411      377,229      375,523      411,037      443,753
Secured
borrowings—owed to —            —            360,825      428,000      600,000
securitization
investors
Subordinated notes 15,000       15,000       15,000       35,000       35,000
Junior
subordinated       249,493      249,493      249,493      249,493      249,493
debentures
Trade date         —            412          19,025       —            47
securities payable
Accrued interest
payable and other  331,245      350,707      210,003      175,684      187,412
liabilities
Total liabilities  15,714,908   15,257,292   14,854,208   14,484,097   14,350,275
Shareholders'                                                          
Equity:
Preferred stock    176,406      176,371      176,337      176,302      49,768
Common stock       37,108       36,647       36,573       36,522       35,982
Surplus            1,036,295    1,018,417    1,013,428    1,008,326    1,001,316
Treasury stock     (7,838)      (7,490)      (7,374)      (6,559)      (112)
Retained earnings  555,023      527,550      501,139      478,160      459,457
Accumulated other
comprehensive      7,711        9,805        1,971        (4,830)      (2,878)
income (loss)
Total
shareholders'      1,804,705    1,761,300    1,722,074    1,687,921    1,543,533
equity
Total liabilities
and shareholders'  $17,519,613 $17,018,592 $16,576,282 $16,172,018 $15,893,808
equity



WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Consolidated Statements of Income (Unaudited) - 5 Quarter Trends
                                                               
                       Three Months Ended
                       December   September  June 30,   March 31,  December
                        31,        30,                              31,
(In thousands, except   2012       2012       2012       2012       2011
per share data)
Interest income                                                 
Interest and fees on    $146,946 $149,271 $144,100 $143,555 $143,514
loans
Interest bearing        739       362       203       248       696
deposits with banks
Federal funds sold and
securities purchased    13        7         6         12        33
under resale agreements
Securities              8,086     7,691     10,510    11,847    12,574
Trading account         6         3         10        9         6
securities
Federal Home Loan Bank
and Federal Reserve     656       649       641       604       591
Bank stock
Brokerage customer      197       218       221       211       203
receivables
Total interest income   156,643   158,201   155,691   156,486   157,617
Interest expense                                                
Interest on deposits    16,208    16,794    17,273    18,030    19,685
Interest on Federal     2,835     2,817     2,867     3,584     4,186
Home Loan Bank advances
Interest on notes
payable and other       1,566     2,024     2,274     3,102     2,804
borrowings
Interest on secured
borrowings—owed to      —         795       1,743     2,549     3,076
securitization
investors
Interest on             66        67        126       169       176
subordinated notes
Interest on junior      3,192     3,129     3,138     3,157     3,043
subordinated debentures
Total interest expense  23,867    25,626    27,421    30,591    32,970
Net interest income     132,776   132,575   128,270   125,895   124,647
Provision for credit    19,546    18,799    20,691    17,400    18,817
losses
Net interest income
after provision for     113,230   113,776   107,579   108,495   105,830
credit losses
Non—interest income                                             
Wealth management       13,634    13,252    13,393    12,401    11,686
Mortgage banking        34,702    31,127    25,607    18,534    18,025
Service charges on      4,534     4,235     3,994     4,208     3,973
deposit accounts
Gains on
available-for-sale      2,561     409       1,109     816       309
securities, net
Gain on bargain         85        6,633     (55)      840       —
purchases, net
Trading (losses) gains, (120)     (998)     (928)     146       216
net
Other                   9,793     8,287     7,815     10,078    10,703
Total non—interest      65,189    62,945    50,935    47,023    44,912
income
Non-interest expense                                            
Salaries and employee   76,140    75,280    68,139    69,030    66,744
benefits
Equipment               6,468     5,888     5,466     5,400     5,093
Occupancy, net          8,480     8,024     7,728     8,062     7,975
Data processing         4,178     4,103     3,840     3,618     4,062
Advertising and         2,725     2,528     2,179     2,006     3,207
marketing
Professional fees       3,158     4,653     3,847     3,604     3,710
Amortization of other   1,108     1,078     1,089     1,049     1,062
intangible assets
FDIC insurance          3,039     3,549     3,477     3,357     3,244
OREO expenses, net      5,269     3,808     5,848     7,178     8,821
Other                   18,983    15,637    15,572    14,455    14,850
Total non—interest      129,548   124,548   117,185   117,759   118,768
expense
Income before taxes     48,871    52,173    41,329    37,759    31,974
Income tax expense      18,782    19,871    15,734    14,549    12,753
Net income              $30,089  $32,302  $25,595  $23,210  $19,221
Preferred stock
dividends and discount  $2,616   $2,616   $2,644   $1,246   $1,032
accretion
Net income applicable   $27,473  $29,686  $22,951  $21,964  $18,189
to common shares
Net income per common   $0.75    $0.82    $0.63    $0.61    $0.51
share—Basic
Net income per common   $0.61    $0.66    $0.52    $0.50    $0.41
share—Diluted
Cash dividends declared $—       $0.09    $—       $0.09    $—
per common share
Weighted average common 36,543    36,381    36,329    36,207    35,958
shares outstanding
Dilutive potential      12,458    12,295    7,770     7,530     8,480
common shares
Average common shares
and dilutive common     49,001    48,676    44,099    43,737    44,438
shares



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) 2012          2012          2012          2012          2011
Balance:                                                                   
Commercial             $2,914,798  2,771,053    $2,673,181  $2,544,456  $2,498,313
Commercial real estate 3,864,118    3,699,712    3,666,519    3,585,760    3,514,261
Home equity            788,474      807,592      820,991      840,364      862,345
Residential real       367,213      376,678      375,494      361,327      350,289
estate
Premium finance        1,987,856    1,982,945    1,830,044    1,512,630    1,412,454
receivables—commercial
Premium finance
receivables—life       1,725,166    1,665,620    1,656,200    1,693,763    1,695,225
insurance
Indirect consumer ^(1) 77,333       77,378       72,482       67,445       64,545
Consumer and other     103,985      108,922      107,931      111,639      123,945
Total loans, net of
unearned income,       $11,828,943 $11,489,900 $11,202,842 $10,717,384 $10,521,377
excluding covered
loans
Covered loans          560,087      657,525      614,062      691,220      651,368
Total loans, net of    $12,389,030 $12,147,425 $11,816,904 $11,408,604 $11,172,745
unearned income
Mix:                                                                       
Commercial             24 %          23 %          23 %          22 %          22 %
Commercial real estate 31           30           31           32           31
Home equity            6            7            7            7            8
Residential real       3            3            3            3            3
estate
Premium finance        16           16           15           13           13
receivables—commercial
Premium finance
receivables—life       14           14           14           15           15
insurance
Indirect consumer ^(1) 1            1            1            1            1
Consumer and other     1            1            1            1            1
Total loans, net of
unearned income,       96 %          95 %          95 %          94 %          94 %
excluding covered
loans
Covered loans          4            5            5            6            6
Total loans, net of    100 %         100 %         100 %         100 %         100 %
unearned income
                                                                          
(1) Includes autos, boats, snowmobiles and other indirect consumer loans.



WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Period End Deposits Balances - 5 Quarter Trends
            
(Dollars in  December 31,  September 30, June 30,      March 31,     December 31,
thousands)   2012          2012          2012          2012          2011
Balance:                                                         
Non-interest $2,396,264  $2,162,215  $2,047,715  $1,901,753  $1,785,433
bearing
NOW          2,022,957    1,841,743    1,780,872    1,756,313    1,698,778
Wealth
management   991,902      979,306      954,319      933,609      788,311
deposits
^(1)
Money market 2,761,498    2,596,702    2,335,238    2,306,726    2,263,253
Savings      1,275,012    1,156,466    958,295      943,066      888,592
Time
certificates 4,980,911    5,111,533    4,981,142    4,824,386    4,882,900
of deposit
Total        $14,428,544 $13,847,965 $13,057,581 $12,665,853 $12,307,267
deposits
Mix:                                                             
Non-interest 17 %          16 %          16 %          15 %          15 %
bearing
NOW          14           13           14           14           14
Wealth
management   7            7            7            7            6
deposits
^(1)
Money market 19           19           18           18           18
Savings      9            8            7            8            7
Time
certificates 34           37           38           38           40
of deposit
Total        100 %         100 %         100 %         100 %         100 %
deposits
                                                                
(1) Represents deposit balances of the Company's subsidiary banks from brokerage
customers of Wayne Hummer Investments, trust and asset management customers of The
Chicago Trust 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  June 30,   March 31,  December
                                   30,                              31,
(Dollars in           2012         2012       2012       2012       2011
thousands)
Net interest income   $133,285   $133,076 $128,741 $126,361 $125,101
Call option income    2,156       2,083     3,114     3,123     5,377
Net interest income
including call option $135,441   $135,159 $131,855 $129,484 $130,478
income
Yield on earning      4.01 %       4.18 %     4.25 %     4.41 %     4.36 %
assets
Rate on
interest-bearing      0.74       0.81     0.89     1.00     1.05
liabilities
Rate spread           3.27 %       3.37 %     3.36 %     3.41 %     3.31 %
Net free funds        0.13       0.13     0.15     0.14     0.14
contribution
Net interest margin   3.40       3.50     3.51     3.55     3.45
Call option income    0.05       0.05     0.08     0.09     0.15
Net interest margin
including call option 3.45 %       3.55 %     3.59 %     3.64 %     3.60 %
income



WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Net Interest Margin (Including Call Option Income - YTD Trends)
                                                               
                                 Years Ended
                                   December 31,
(Dollars in thousands)  2012       2011       2010       2009       2008
Net interest income     $521,463 $463,071 $417,564 $314,096 $247,054
Call option income      10,476    13,570    2,235     1,998     29,024
Net interest income
including call option   $531,939 $476,641 $419,799 $316,094 $276,078
income
Yield on earning assets 4.21 %     4.49 %     4.80 %     5.07 %     5.88 %
Rate on
interest-bearing        0.86     1.23     1.61     2.29     3.31
liabilities
Rate spread             3.35 %     3.26 %     3.19 %     2.78 %     2.57 %
Net free funds          0.14     0.16     0.18     0.23     0.24
contribution
Net interest margin     3.49     3.42     3.37     3.01     2.81
Call option income      0.07     0.10     0.02     0.02     0.33
Net interest margin
including call option   3.56 %     3.52 %     3.39 %     3.03 %     3.14 %
income



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)   2012          2012          2012          2012          2011
Liquidity
management       $2,949,034  $2,565,151  $2,781,730  $2,756,833  $3,051,850
assets
Other earning    27,482       31,142       30,761       30,499       28,828
assets
Loans, net of    12,001,433   11,922,450   11,300,395   10,848,016   10,662,516
unearned income
Covered loans    626,449      597,518      659,783      667,242      652,157
Total earning    $15,604,398 $15,116,261 $14,772,669 $14,302,590 $14,395,351
assets
Allowance for
loan and covered (135,156)    (138,740)    (134,077)    (131,769)    (137,423)
loan losses
Cash and due     206,914      185,435      152,118      143,869      130,437
from banks
Other assets     1,572,494    1,542,473    1,528,497    1,520,660    1,625,844
Total assets     $17,248,650 $16,705,429 $16,319,207 $15,835,350 $16,014,209
Interest-bearing $11,709,058 $11,261,184 $10,815,018 $10,481,822 $10,563,090
deposits
Federal Home
Loan Bank        414,289      441,445      514,513      470,345      474,549
advances
Notes payable
and other        397,807      426,716      422,146      505,814      468,139
borrowings
Secured
borrowings -
owed to          —            176,904      407,259      514,923      600,000
securitization
investors
Subordinated     15,000       15,000       23,791       35,000       38,370
notes
Junior
subordinated     249,493      249,493      249,493      249,493      249,493
notes
Total
interest-bearing $12,785,647 $12,570,742 $12,432,220 $12,257,397 $12,393,641
liabilities
Non-interest     2,314,935    2,092,028    1,993,880    1,832,627    1,755,446
bearing deposits
Other            361,244      305,919      197,667      180,664      333,186
liabilities
Equity           1,786,824    1,736,740    1,695,440    1,564,662    1,531,936
Total
liabilities and  $17,248,650 $16,705,429 $16,319,207 $15,835,350 $16,014,209
shareholders'
equity



WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Net Interest Margin - 5 Quarter Trends
                                                                 
                                  Three Months Ended
                                   December September June 30, March  December
                                  31,      30,       2012     31,    31,
                                   2012     2012               2012   2011
Yield earned on:                                                  
Liquidity management assets        1.33 %   1.41 %    1.69 %   1.90 % 1.85 %
Other earning assets               2.95   2.83    3.04   2.96 2.90
Loans, net of unearned income      4.45   4.57    4.64   4.77 4.78
Covered loans                      8.10   8.25    8.50   8.98 9.20
Total earning assets               4.01 %   4.18 %    4.25 %   4.41 % 4.36 %
Rate paid on:                                                     
Interest-bearing deposits          0.55 %   0.59 %    0.64 %   0.69 % 0.74 %
Federal Home Loan Bank advances    2.72   2.54    2.24   3.06 3.50
Notes payable and other borrowings 1.57   1.89    2.17   2.47 2.38
Secured borrowings - owed to       —       1.79    1.72   1.99 2.03
securitization investors
Subordinated notes                 1.72   1.75    2.10   1.91 1.79
Junior subordinated notes          5.01   4.91    4.97   5.01 4.77
Total interest-bearing liabilities 0.74 %   0.81 %    0.89 %   1.00 % 1.05 %
Interest rate spread               3.27 %   3.37 %    3.36 %   3.41 % 3.31 %
Net free funds/contribution        0.13   0.13    0.15   0.14 0.14
Net interest income/Net interest   3.40 %   3.50 %    3.51 %   3.55 % 3.45 %
margin

<td class="gnw_lab*Story too large*


WINTRUST FINANCIAL CORPORATION - SUPPLEMENTAL FINANCIAL INFORMATION
Non-Interest Income - 5 Quarter Trends

                               Three months ended
                               December September June 30, March 31, December
                                31,      30,                          31,
(In thousands)                  2012     2012      2012     2012      2011
Brokerage                       $6,404 $6,355  $6,396 $6,322  $5,960
Trust and asset management      7,230   6,897    6,997   6,079    5,726
Total wealth management         13,634  13,252   13,393  12,401   11,686
Mortgage banking                34,702  31,127   25,607  18,534   18,025
Service charges on deposit      4,534   4,235    3,994   4,208    3,973
accounts
Gains on available-for-sale     2,561   409      1,109   816      309
securities, net
Gain on bargain purchases, net  85      6,633    (55)    840      —

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