Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 40

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 40
---
— 118 — — 118 States and political subdivisions— 58,627 — — 58,627 Corporate— 26,101 — — 26,101 Total debt securities— 120,237 — — 120,237 Mortgage-backed securities:   GNMA— 50,149 — — 50,149 FNMA— 84,212 — — 84,212 FHLMC— 89,840 — — 89,840 Non-agency— 5 — — 5 Collateralized mortgage obligations:   GNMA— 562,948 — — 562,948 FNMA— 74,395 — — 74,395 FHLMC— 127,158 — — 127,158 Total mortgage-backed securities— 988,707 — — 988,707 Interest rate lock commitments— — 342 — 342 Forward commitments— 34 — — 34 Foreign exchange swaps— 199 — — 199 Interest rate swaps designated as hedging instruments— 1,529 — (32)1,497 Interest rate swaps not designated as hedging instruments— 37,697 — (34,204)3,493 Total assets$— 1,148,403 342 (34,236)1,114,509 Foreign exchange swaps$— 4 — — 4 Interest rate swaps designated as hedging instruments— 32 — (32)— Interest rate swaps not designated as hedging instruments— 37,767 — (2,362)35,405 Risk participation agreements— 16 — — 16 Total liabilities $— 37,819 — (2,362)35,425 (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.The following table presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis (in thousands): For the quarter ended March 31,20252024Beginning balance,$342 641 Interest rate lock commitments:Net activity91 (162)Transfers from Level 3— —