Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 334

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 334
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Total Commercial Banking17,056 4,221 — — — 12,835 Total off-balance-sheet exposure$17,123 4,210 — — — 12,913 During the year ended December 31, 2023, we sold $8.0 million of loans that were classified as held-for-investment, for a gain of $726,000, which is reported in gain on sale of loans on the Consolidated Statements of Income. 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the year ended December 31, 2022 (in thousands): Balance as of December 31, 2022Current period provisionCharge-offsRecoveriesBalance as of December 31, 2021Allowance for Credit LossesPersonal Banking:    Residential mortgage loans$19,261 13,129 (2,033)792 7,373 Home equity loans5,902 540 (1,469)1,531 5,300 Vehicle loans23,059 8,863 (3,621)2,334 15,483 Consumer loans665 1,013 (4,785)1,553 2,884 Total Personal Banking48,887 23,545 (11,908)6,210 31,040 Commercial Banking:Commercial real estate loans44,506 (12,633)(7,366)10,364 54,141 Commercial real estate loans - owner occupied4,004 36 — 85 3,883 Commercial loans20,639 6,912 (1,657)2,207 13,177 Total Commercial Banking69,149 (5,685)(9,023)12,656 71,201 Total$118,036 17,860 (20,931)18,866 102,241 Allowance for Credit Losses - off-balance-sheet exposurePersonal Banking:Residential mortgage loans$4 2 — — 2 Home equity loans74 35 — — 39 Total Personal Banking