Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 157

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 157
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,102)10,999 125,243 Allowance for Credit Losses - off-balance-sheet exposure Personal Banking:Residential mortgage loans$— (2)— — 2 Home equity loans62 (3)— — 65 Total Personal Banking62 (5)— — 67 Commercial Banking:Commercial real estate loans4,154 (1,993)— — 6,147 Commercial real estate loans - owner occupied160 (13)— — 173 Commercial loans9,573 (1,163)— — 10,736 Total Commercial Banking13,887 (3,169)— — 17,056 Total off-balance-sheet exposure$13,949 (3,174)— — 17,123 During the year ended December 31, 2024, we sold $24 million of loans that were classified as held-for-investment, for a loss of $5 million, which is reported in provision for credit losses in the Consolidated Statements of Income. 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the year ended December 31, 2023 (in thousands):Balance as of December 31, 2023Current period provisionCharge-offsRecoveriesASU 2022-02 AdoptionBalance as of December 31, 2022Allowance for Credit LossesPersonal Banking:Residential mortgage loans$18,193 (1,515)(1,189)1,636 — 19,261 Home equity loans5,403 (356)(852)709 — 5,902 Vehicle loans26,911 8,299 (6,468)2,021 — 23,059 Consumer loans1,199 5,311 (5,983)1,206 — 665 Total Personal Banking51,706 11,739 (14,492)5,572 — 48,887 Commercial Banking:Commercial real estate loans51,267 6,604 (2,298)2,029 426 44,506 Commercial real estate loans