Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 38

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 38
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 hedging instruments3,493 3,493 — 37,697 — (34,204)FHLB stock21,006 21,006 — — — — Total financial assets$13,360,361 12,615,883 334,734 1,854,971 10,439,408 (34,236)Financial liabilities:     Savings and checking accounts$9,466,909 9,466,909 9,466,909 — — — Time deposits2,677,645 2,677,070 — — 2,677,070 — Borrowed funds200,331 196,277 228,119 — — (31,842)Subordinated debt114,538 115,982 — 115,982 — — Junior subordinated debentures129,834 128,122 — — 128,122 — Foreign exchange swaps4 4 — 4 — — Interest rate swaps designated as hedging instruments— — — 32 — (32)Interest rate swaps not designated as hedging instruments35,405 35,405 — 37,767 — (2,362)Risk participation agreements 16 16 — 16 — — Accrued interest payable6,935 6,935 6,935 — — — Total financial liabilities$12,631,617 12,626,720 9,701,963 153,801 2,805,192 (34,236)(1)     Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.Fair value estimates are made at a point-in-time, based on relevant market data and information about the instrument. The methods and assumptions detailed above were used in estimating the fair value of financial instruments at both March 31, 2025 and December 31, 2024.     

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The following table represents assets and liabilities measured at fair value on a recurring basis at March 31, 2025 (in thousands):Level 1Level 2Level 3Netting Adjustments (1)Total assets at fair valueDebt securities:    U