Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 6

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 6
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 the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information or footnotes required for complete annual financial statements. In the opinion of management, all adjustments necessary for the fair presentation of the Company’s financial position and results of operations have been included. The Consolidated Financial Statements have been prepared using the accounting policies described in the financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 updated, as required, for any new pronouncements or changes.Certain items previously reported have been reclassified to conform to the current year’s reporting format. The results of operations for the quarter ended March 31, 2025 are not necessarily indicative of the results that may be expected for the year ending December 31, 2025, or any other period.

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 (2)    Marketable Securities

 The following table shows the portfolio of marketable securities available-for-sale at March 31, 2025 (in thousands):AmortizedcostGrossunrealizedholdinggainsGrossunrealizedholdinglossesFairvalueDebt issued by the U.S government and agencies:Due after ten years$44,404 — (8,913)35,491 Debt issued by government-sponsored enterprises:Due after one year through five years106 — (4)102 Municipal securities:Due after one year through five years848 11 — 859 Due after five years through ten years17,783 120 (1,947)15,956 Due after ten years50,075 82 (8,823)41,334 Corporate debt issues:Due in one year or less5,486 1 (58)5,429 Due after five years through ten years19,968 773 (57)20,684 Due after ten years3,000 5 — 3,005 Mortgage-backed securities:Fixed rate pass-through240,994 1,176 (13,799)228,371 Variable rate pass-through3,521 57 (3)3,575 Fixed rate agency CMOs874,552 1,613 (121,492)754,673 Variable rate agency CMOs44,023 28 (145)43,906 Total mortgage-backed securities1,163,090 2