Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 153

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 153
---
— — 145,507 (24,366)145,507 (24,366)Corporate debt issues— — 8,335 (143)8,335 (143)Municipal securities15,407 (186)39,296 (10,012)54,703 (10,198)Residential mortgage-backed securities - agency297,828 (3,578)1,117,280 (245,272)1,415,108 (248,850)Total temporarily impaired securities$313,235 (3,764)1,310,418 (279,793)1,623,653 (283,557) The following table shows the fair value and gross unrealized losses on available for sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2023: Less than 12 months12 months or moreTotal Fair valueUnrealizedlossFair valueUnrealizedlossFair valueUnrealizedlossU.S. government-sponsored enterprises$— — 206,569 (33,644)206,569 (33,644)Corporate debt issues— — 7,688 (778)7,688 (778)Municipal securities2,753 (81)66,046 (10,363)68,799 (10,444)Residential mortgage-backed securities - agency17,976 (242)1,423,707 (267,093)1,441,683 (267,335)Total temporarily impaired securities$20,729 (323)1,704,010 (311,878)1,724,739 (312,201) 

89

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

The Company does not believe that the available-for-sale debt securities that were in an unrealized loss position as of December 31, 2024, which were comprised of 288 individual securities, represents a credit loss impairment. All of these securities were issued by U.S. government agencies