Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 11

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 11
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909 

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(3)    Loans Receivable

The following tables excludes loans held for sale. The following table shows a summary of our loans receivable at amortized cost basis at March 31, 2025 and December 31, 2024 (in thousands): March 31, 2025December 31, 2024Personal Banking: Residential mortgage loans3,121,647 3,178,269 Home equity loans1,141,577 1,149,396 Vehicle loans1,960,397 1,870,843 Consumer loans121,072 124,242 Total Personal Banking6,344,693 6,322,750 Commercial Banking:  Commercial real estate loans2,423,184 2,495,726 Commercial real estate loans - owner occupied369,550 354,136 Commercial loans2,079,018 2,007,402 Total Commercial Banking4,871,752 4,857,264 Total loans receivable, gross11,216,445 11,180,014 Allowance for credit losses(122,809)(116,819)Total loans receivable, net (1)11,093,636 11,063,195 (1) Includes $63 million and $60 million of net unearned income, unamortized premiums and discounts and deferred fees and costs at March 31, 2025 and December 31, 2024, respectively. 

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The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the quarter ended March 31, 2025 (in thousands):Balance as of             March 31, 2025Current period provisionCharge-offsRecoveriesBalance as of             December 31, 2024Allowance for Credit LossesPersonal Banking:     Residential mortgage loans$13,275 (593)(588)109 14,347 Home equity loans4,624 (150)(273)202 4,845 Vehicle loans22,455 1,815 (2,301)552 22,389 Consumer loans1,997 1,261 (1,504)357 1,883 Total Personal Banking42,351 2,333 (4,666)1,220 43,464 Commercial Banking:     Commercial real estate loans45,