Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 157

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 157
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4. This increase is attributed to the Penns Woods acquisition of $1.8 billion in loans.  Our personal banking loan portfolio increased by $810 million, to $7.1 billion at September 30, 2025 while our commercial banking loans increased by $951 million, to $5.8 billion at September 30, 2025. 

The following table provides the various loan sectors in our commercial real estate portfolio at September 30, 2025:

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Table of Contents

Property typePercent of portfolio 5 or more unit dwelling10.3 %Retail Building9.9 Nursing Home7.6 Commercial office building - non-owner occupied7.5 Manufacturing & industrial building5.1 Warehouse/storage building3.3 Commercial office building - owner occupied3.3 Multi-use building - commercial, retail and residential2.8 Multi-use building - office and warehouse2.7 Other medical facility2.1 Residential acquisition & development - 1-4 family, townhouses and apartments2.7 Hotel/motel1.8 Single family dwelling1.7 Student housing1.7 Agricultural real estate1.5 2-4 family1.2 Commercial acquisition and development1.6 All other33.2    Total100.0 %

The following table describes the collateral of our commercial real estate portfolio by state at September 30, 2025:

StatePercent of portfolio New York24.7 %Pennsylvania42.2 Ohio15.6 Indiana4.9 New Jersey2.1 All other10.5    Total100.0 %

Total deposits increased by $1.6 billion, to $13.7 billion at September 30, 2025 from $12.1 billion at December 31, 2024. This increase was driven by the acquisition which resulted in an additional $1.6 billion in deposits. 

As of September 30, 2025, we had $115 million of brokered deposits, which made up 4% of our time deposits and 1% of our total deposit balance at quarter end. As of December 31, 2024, we had $201 million of brokered deposits, which made up 7% of our time deposits and 2% of our total deposit balance at year end. The balance carried an average all-in cost of 4.