Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 147

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 147
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 consolidated statement of financial conditionNet amounts of liabilities presented in the consolidated of conditionInterest rate swaps - hedging1,279 (1,279)— Interest rate swaps - not hedging31,232 (11,232)20,000 The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of December 31, 2024 (dollars in thousands).Derivative assetsGross amounts of recognized assetsGross amounts offset in the consolidated statement of financial conditionNet amounts of assets presented in the consolidated of conditionInterest rate swaps - hedging$1,529 (32)1,497 Interest rate swaps - not hedging37,697 (34,204)3,493 Derivative liabilitiesGross amounts of recognized liabilitiesGross amounts offset in the consolidated statement of financial conditionNet amounts of liabilities presented in the consolidated of conditionInterest rate swaps - hedging$32 (32)— Interest rate swaps - not hedging37,767 (2,362)35,405 

(12)    Legal Proceedings 

We establish accruals for legal proceedings when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated. As of September 30, 2025, we do not anticipate that the aggregate ultimate liability arising out of any pending or threatened legal proceedings will be material to our Consolidated Financial Statements. Any such accruals are adjusted thereafter as appropriate to reflect changes in circumstances. Due to the inherent subjectivity of assessments and unpredictability of outcomes of legal proceedings, any amounts accrued may not represent the ultimate loss to us from legal proceedings.

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(13)    Changes in Accumulated Other Comprehensive Income

 The following tables show the changes in accumulated other comprehensive income by component for the periods indicated (in thousands):  For the quarter ended September 30, 2025 Unrealized losseson securities available-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of June 30, 2025$(112,959)(752)17,837 (95,874)Other comprehensive income/(loss) income before reclassification adjustments (1) (3)8,820 (84)—