Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 270

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 270
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 the year ended December 31, 2023 compared to 2022. For each category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to: (1) changes in volume multiplied by the prior year rate; (2) changes in rate multiplied by the prior year volume; and (3) the total increase or decrease. Changes not solely attributable to rate or volume have been allocated proportionately to the change due to volume and the change due to rate. There were no out-of-period adjustments or other exclusions from the amounts presented in the table.

Years ended December 31, 2024 vs. 2023Years ended December 31, 2023 vs. 2022 Increase/(decrease) due toTotal increase/(decrease)Increase/(decrease) due toTotal increase/(decrease)  RateVolumeRateVolume (In thousands)Interest-earning assets:      Loans receivable$62,421 10,147 72,568 97,916 38,438 136,354 Mortgage-backed securities8,811 (1,904)6,907 4,720 (2,638)2,082 Investment securities939 (1,426)(487)67 (426)(359)FHLB stock, at cost124 (1,101)(977)510 1,628 2,138 Interest-earning deposits(27)3,613 3,586 30,861 (31,559)(698)Total interest-earning assets72,268 9,329 81,597 134,074 5,443 139,517 Interest-bearing liabilities:      Savings deposits15,459 (59)15,400 7,251 (772)6,479 Interest-bearing demand deposits15,591 197 15,788 11,245 (1,156)10,089 Money market deposit accounts13,640 (3,810)9,830 26,226 (4,869)21,357 Time deposits22,588 36,543 59,131 29,647 23,651 53,298 Borrowed funds(1,786)(17,235)(19,021)5,555 22,817 28,372 Subordinated debt(14)