Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 286

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 286
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 %4.000 %Total risk-based capital ratio16.078 %16.753 %13.814 %14.167 %Minimum requirement8.000 %8.000 %8.000 %8.000 %

(1)Tier 2 capital consists of the allowance for credit losses, which is limited to 1.25% of total risk-weighted assets as detailed under the regulations of the FDIC, and 45% of pre-tax net unrealized gains on securities available-for-sale.

Northwest Bank is also subject to capital guidelines of the Department of Banking. Although not adopted in regulation form, the Department of Banking requires 6% leverage capital and 10% total risk-based capital. See “Item 1. Business—Supervision and Regulation—Pennsylvania Savings Bank Law”.

Contractual Obligations. We are obligated to make future payments according to various contracts. The following table presents the expected future payments of the contractual obligations aggregated by obligation type at December 31, 2024.

 Payments due Less thanone yearOne year toless thanthree yearsThree yearsto less thanfive yearsFive years or greaterTotal (In thousands)Supplemental Executive Retirement Plan (1)$— — — 1,113 1,113 Term notes payable to the FHLB of Pittsburgh (2) 175,000 — — — 175,000 Collateralized borrowings (2)22,323 — — — 22,323 Collateral received (2)3,008 — — — 3,008 Subordinated debentures (2)— — — 114,800 114,800 Junior subordinated debentures (2) — — — 129,834 129,834 Operating leases (3) 5,514 10,692 9,697 42,703 68,606 Total$205,845 10,692 9,697 288,450 514,684 Commitments to extend credit$190,094 — — — 190,094 

(1)See Note 15 to the Consolidated Financial Statements, Employee Benefit Plans, for additional information.

(2)See Note 11 to the Consolidated Financial Statements, Borrowed Funds, for additional information.